How to Buy MargiX (MGX) in Austria

A Step-by-Step-Guide on how to buy MargiX (MGX) in Austria

Step 1 – Signup to Coinmama

You will first need to purchase one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. MargiX (MGX) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate {MargiX (MGX)|(MGX) MargiX}

Once your deposit has been verified, you'll immediately have access to your assets and you can initiate buying and trading. To buy {MargiX (MGX)|(MGX) MargiX} on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover {MargiX (MGX)|(MGX) MargiX}, you'll need to put the short name of the asset (MGX) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have marked this too. Click on “MGX/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} MargiX (MGX)
Step 4 – Purchase {MargiX (MGX)|(MGX) MargiX}

After you've spotted {MargiX (MGX)|(MGX) MargiX}, you'll be presented with a Price Chart (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 ”Price” field will be filled automatically with the most latest rate {MargiX (MGX)|(MGX) MargiX} was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of MGX you like to purchase. The ”Total” field is the total price in BTC that you'll pay for the whole quantity of MGX.

When you're glad, click on “Buy MGX”. Your plan will be filled when a Vendor sells their MGX for the price you offered.

Step 5 – Withdraw {MargiX (MGX)|(MGX) MargiX}

Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your {MargiX (MGX)|(MGX) MargiX}, go to the tab called “Funds” and mouse click on “Withdraw”. {MargiX (MGX)|(MGX) MargiX} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {MargiX (MGX)|(MGX) MargiX} by using the provided drop-down box. Enter the amount of {MargiX (MGX)|(MGX) MargiX} you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You could be requested for verfication via email/phone before a take off.

Congrats! You have successfully purchased and safed MargiX (MGX) in Austria.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the {MargiX (MGX)|(MGX) MargiX} is safe in your wallet, you are all done.

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