How to Buy Magi (XMG) in Azerbaijan

A Step-by-Step-Guide on how to buy Magi (XMG) in Azerbaijan

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive your first $10.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Magi (XMG) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate {Magi (XMG)|(XMG) Magi}

Once your deposit has been verified, you will directly have access to your funds and you can launch buying and trading. To buy {Magi (XMG)|(XMG) Magi} on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to discover {Magi (XMG)|(XMG) Magi}, you will need to put the cointype (XMG) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we have marked this also. Click on “XMG/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Magi (XMG)
Step 4 – Acquisition of {Magi (XMG)|(XMG) Magi}

Once you have discovered {Magi (XMG)|(XMG) Magi}, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the recent rate {Magi (XMG)|(XMG) Magi} was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of XMG you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of XMG.

When you are satisfied, click on “Buy XMG”. Your plan will be filled as soon as a Vendor trades their XMG for the price you offered.

Step 5 – Withdraw {Magi (XMG)|(XMG) Magi}

Unless you are trading, best advise is not to keep coins on an Exchange for an longer time period. In order to withdraw your {Magi (XMG)|(XMG) Magi}, go to the ”Funds” tab and click on “Withdraw”. {Magi (XMG)|(XMG) Magi} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Magi (XMG)|(XMG) Magi} by using the given drop-down box. Drop in the quantity of {Magi (XMG)|(XMG) Magi} you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you are satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.

Kudos! You have successfully purchased and stored Magi (XMG) in Azerbaijan.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the {Magi (XMG)|(XMG) Magi} is safe in your wallet, you're done.

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