Buying MagicBox (MBT) on the Binance platform
You can find a lot of trading platforms on the Internet nowadays, but clearly Binance is among the most popular and reputed.
However, if you need to begin trading on it, the first thing you need to do is to figure out how to purchase MagicBox (MBT).
Before getting into the wonderful realm of cryptocurrency on the Binance platform, you must get acquainted with the following.
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How to register on Binance
Opening a Binance account is the very first step you must do.
To do so, you must follow each one of the steps below.
On the Binance homepage you have to locate the "Register" button and click on it.
Go directly to Binance by pressing here.
At this moment click on the "Register with a phone or email" button.
This can also be done with any Apple device.
In this post, we’ll will describe how to register with an email.
- From the drop down list of countries, choose the one you reside.
- Now, enter your e-mail address and a security password. Keep in mind that you will invest money, so you must give importance to the password you choose
- In this step you must accept "Terms of Service" and, if you would want to receive information, updates and news from Binance in your email address, check in the corresponding box
You surely have received an e-mail in the address you’ve just used for registering on the Binance platform. It will have a one-time-only activation keycode you will enter in the corresponding box. Then press "Send"
Finally, your Binance enrollment has been activated.
It is a good idea to browse the different areas of the Binance platform and get acquainted to them.
That’s the best way to know how practical the Binance platform is, and how fast you can begin operating with MagicBox (MBT).
The identity checking is a required step you must complete to have access to all those options.
Please, be well aware that it will be only after you have fulfilled this security measure that you’ll get permission to begin trading MagicBox (MBT).
However, you don’t need to worry, read the following section to learn how to do it.
Verify your account to get started trading
To become an authorized end user you have to complete the next steps:
On the main screen, place the mouse pointer on the user profile option and a list will immediately show up where you will click on "Security"
Or just look for the "Verify" button on the upper part of the screen
Locate the option "Identification" on the left part of the screen.
Now you’ll need to choose your country of residence.
Now, the 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be displayed on screen.
To begin, choose "Start now" just below the "Verified" level.
At this point, some personal information is required:
- Nationality.
- First and Last Name.
- Second name and date of birth.
- Residence address (exact).
- Second name and date of birth.
- Middle name and birth date.
Now you’ll need to use a legal document to support your identity.
You can do this by using your passport, ID card, or license.
In the next step, you will be asked to take a selfie, following the platform’s guidelines.
Now you will have to wait for a short time while an account verification process is performed.
Once your application has been approved, Binance will let you know via e-mail, just be patient.
Upon receiving that e-mail it’s time to acquire MagicBox (MBT), just follow the guidelines below.
Buying MagicBox (MBT) on Binance
Since you are subscribed to the platform and have your account confirmed, you’re OK to start trading.
The first step is to discover how to convert money into MagicBox (MBT).
Here, the Binance platform will ask you to provide a legal document for identity verification.
Use your passport, ID card or even your driver’s license to complete this step.
Follow the system guidance to take a selfie.
After fulfilling all those steps, the Binance platform will carry out a confirmation process on your account.
Now be patient, Binance will let you know via email once your request has been accepted.
After that, it’s time to buy MagicBox (MBT), just follow the guidelines below.
Learn to buy MagicBox (MBT) on Binance
Now that you are registered on the Binance platform and got your account verified, you’re OK to start trading.
Learning how to convert cash into MagicBox (MBT) is not that hard.
Be aware that you have more than one option for this process
To find out which options you have when buying, look for the "Buy cryptos" menu on the Binance homepage.
Certainly, you’ll only be able to do this if you’re logged in
Place your mouse on this option and a list of buying alternatives will deploy.
Now you’ll have to to show a legal document to check your identity.
ID card, passport or even a driver’s license will be enough to complete this formality.
Follow the system requirements to take a selfie.
Now you’ll have to wait for a short time while an account verification process takes place.
Now wait patiently, Binance will send you an email as soon as your request has been approved.
After that, it’s time to buy MagicBox (MBT), just follow the guidelines below.
Purchasing MagicBox (MBT) on Binance
Now that you are registered on the Binance platform and got your account confirmed, you’re able to begin trading.
Understanding how to make a purchase of MagicBox (MBT) is actually quite easy.
Be aware that you may have different options for this process
The "Buy cryptos" menu on the Binance main page will be your reference at buying time.
You should, of course, make this happen after you’ve signed into your account
Move your mouse over this button and a list of buying alternatives will deploy.
Did you know you could use your debit or credit card for buying cryptocurrencies?
The first thing you will do to buy the MagicBox (MBT) of your choice using a credit card, should be to choose this method from the drop-down menu labeled "Buy Cryptos".
Read on for detailed guidelines:
Currency preferred and amount of the investment must be indicated in the next box.
Next, select the MagicBox (MBT) you are going to purchase
When you do so, the system will immediately show you the number of MagicBox (MBT) you will get, taking into account the amount of USD you’ve recently specified.
Continue reading for further instructions:
Currency preferred and amount of the investment must be indicated here.
In the next field you should choose the MagicBox (MBT) you would like to buy
Depending on the amount of USD you’ve recently specified, the platform will immediately display the number of MagicBox (MBT) you will get.
Next click "Continue".
Now it’s time to specify your method of payment. To pay with a credit card, pick in the "Visa/Mastercard" box the option "Add card".
Type your credit card data and click "Next".
In this step you must specify the physical address details of the credit card. Following this, select "Add card".
When you see your card has been added, press "Continue".
The next screen will display a summary of the transaction in its final stage. That includes the amount your card will be charged, the chosen currency and the quantity of MagicBox (MBT) you will receive.
It will also show you the commission will be charged for the purchase.
You have 1 minute to press "Confirm", otherwise the order will automatically expire.
After this, you’ll be redirected towards the site of the bank issuing the credit card. Follow the instructions in the same way you would normally generate a payment with your card.
You can check your Binance digital wallet (referred to as the «Spot Wallet») when the banking procedure is complete to see your recently purchased MagicBox (MBT) already there
Buy MagicBox (MBT) via Binance P2P
You can buy MagicBox (MBT) not only via a direct purchase, but trading them «Person To Person»
with another Binance trader as well. You should indicate which payment method you want to apply first.
Next, you’ll see a snapshot of the transaction about to be completed. It includes the amount your card will be charged, the selected currency and the amount of MagicBox (MBT) you will be given.
Another important detail in this summary is the percentage Binance will charge you as a commision for making the operation.
Now you must certify the order clicking on the "Confirm" button during the next 60 seconds, or it will be automatically terminated.
The Binance system will now redirect you to the credit card issuing bank. Follow the guidelines in the same way you would normally pay with your credit card.
Your recently purchased MagicBox (MBT) will be available in your Binance digital wallet (called the «Spot Wallet») as soon as the banking procedure is complete
Buy MagicBox (MBT) with Binance P2P
This is a transaction made «Person To Person», i.e.: trading MagicBox (MBT)
with another Binance trader. You should indicate which payment method you would want to work with first.
- Choose "Security" in your account.
- From the list on the left-hand side select "Payment".
- Press the "Add a Payment Method" button and follow the platform instructions.
After the new payment method has been included in your profile, locate the "Buy Crypto" menu in the top part of the display, click the "Trading P2P" option and follow the guidelines described below:
- Click on the "Buy" button located on the upper bar of the "P2P Account" menu
- Here you can choose the MagicBox (MBT) you’re interested in, among all those available for buying through P2P operations. We will use «USDT» in this example.It is important to note that when you purchase any crypto in P2P trading, you will be able to exchange it for any of the foreign currencies that operate on the Binance platform.
- Locate the "Fiat" label on the top menu and deploy the drop-down menu to see all valid currencies. Let’s use «VES» in this example.
- In the "Amount" box, indicate the amount in VES you would like to invest.
- Select the method of payment and wait for the platform to display the list of the traders’ ads.
- Locate a trader from the displayed list. We suggest that you pick a verified one with a high completed sales rate.
- Next click on "Buy USDT"
- Now the amount you would want to invest in VES must be typed
- Again, click on "Buy USDT"
- A buying order has been generated and the seller and you will be able to contact each other for further details, in case you need it. You have a limited time to complete, otherwise the order will be aborted by the platform (something not good for your reputation as a buyer). Once you have paid, press "Transferred, Next" and then press "Confirm".
Learn how to transfer your MagicBox (MBT) to the Spot Wallet
After you have completed a payment to the trader, they may release the MagicBox (MBT), by confirming invoice of the payment.
So, they will instantly be added to your account balance.
Nonetheless, you will need to send them to your Spot Wallet in case you want to purchase any other crypto.
You can move them immediately immediately after the purchase order is completed just by clicking "Transfer to Spot Wallet".
This MagicBox (MBT) internal movement can be performed anytime later.
Learn how to transfer your MagicBox (MBT) to the Spot Wallet
Once you have completed a payment to the trader, they may release the MagicBox (MBT), by confirming payment reception.
You may check your wallet account balance to confirm reception.
Nonetheless, you must move them to your Spot Wallet in case you would want to buy any other crypto.
That’s easy: just press "Transfer to Spot Wallet" once the buying order is completed.
Should you forget to follow this step right after the purchase, no problem at all: you’ll always be able to do it later.
- Hover the mouse upon "Wallet" and select "Wallet Funds" from the drop-down list.
- The "Transfer" button is located on the upper right area of the navigator window. Click on it.
- A new window will pop-up, where you must change the options to:
- From: Funds
- To: Fiat and Spot
- Choose the currency according to your funds in the platform, in this example we’ll use «USDT»
- Type the amount you are transferring for the Exchange and click "Confirm".
With these funds already in your Spot Wallet, don’t fear to purchase any crypto you believe could yield the greatest profit.
To buy MagicBox (MBT) from Binance what you just have to do is the following:
- Pick the "Trading" menu in the upper panel.
- Click on "Convert" from the list.
- Fill in the box the sum of «USDT» you want to invest.
- Now mark the crypto you’re interested in.
- Choose "Preview conversion".
- Validate the operation and that’s it. You now will have the funds of the chosen crypto in your Spot Wallet.
With these funds already in your Spot Wallet, nothing keeps you from purchasing any crypto you consider will be profitable.
Purchase any cryptocurrency from Binance just following the instructions described below:
- Find the "Trading" menu in the top top panel.
- From that listing select the "Convert" alternative.
- Input the amount of «USDT» you wish to spend.
- Now indicate the cryptocurrency you’re interested in.
- Press "Preview conversion".
- Validate the transaction and that’s it. You now will have the amount of the selected crypto in your Spot Wallet.
This text have surely pictured you a detailed overview of what Binance is and how you can trade MagicBox (MBT) on it.
Don’t wait any more and start generating an extra income.