Purchasing Magnet (MAG) on Binance
Undoubtedly one of the most reputed trading platforms in the world today is Binance.
Therefore, the first thing you must to do if you wish to start out trading on it is to discover how to buy Magnet (MAG).
For this reason, in this post we will give you all what you need to know to purchase Magnet (MAG) on the Binance cryptocurrency exchange.
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Discover how to register on Binance
Registering on the Binance platform is the initial step you must complete.
No complicated registration: just follow the detailed instructions below.
Visit the Binance main page and press on the "Register" button.

You can access directly by clicking here.
In the Binance homepage you’ll find a button labeled "Register with a phone or email". Press it.

This can also be done with any Apple smartphone.
In this post, we’ll will describe how to suscribe with an email.
- In the window that is displayed, pick your country of residence from the drop down list.
- Following, write your e-mail address and a password. Keep in mind that you will invest money, you must give importance to the password you choose

- Whether you would want to be updated periodically via e-mail about Binance news, check in the corresponding box. Then you must accept the "Terms of Service" and that’s almost all. Your account has been created Now it only needs to be verified via email
See the inbox of the e-mail address you used for enrollment and look for the activation code for your account. Write it in the corresponding box and click on "Send"
Finally, your Binance enrollment is active.
It would be a good idea to navigate through the different areas of the Binance platform and get acquainted to them.
This way you canit will be possible to begin operating with Magnet (MAG) quickly.
Complete the mandatory identity verification to enable all those options.
Please, be well aware that it is only after you have fulfilled this safety measure that you’ll be allowed to start trading Magnet (MAG).
In the next instructions, you’ll be guided on how to do that. Zero problems.
Verify your Binance account to get started on trading
To be an authorized user you must complete the steps below:
On the main screen, place the mouse pointer on the user profile option and a list will immediately appear where you will need to click on "Security"
Or simply look for the "Verify" button on the upper part of the navigator window

Look for the option "Identification" on the left part of the navigator window.
Country of residence must be selected here.
Next, the three verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
will be shown on your navigator window.

Press the "Start now" button under the "Verified" label, for this will be your beginning level.
At this point, the user is asked to give some personal information:
- Nationality.
- First Name and Last name.
- Middle name and date of birth.
- Residence address (exact).
- Middle name and date of birth.
- Second name and birth date.
The next step is to verify your identity using a legal document.
You can do this with your ID card, passport, or driver’s license.
Now the platform will ask you to take a selfie under certain conditions.
When you have completed the system’s requisites, you’ll have to wait a short while for the verification to be performed on your account.
All you need to do is wait patiently, Binance is going to let you know via email when your profile has been accepted.
Upon receiving that e-mail it’s time to buy Magnet (MAG), to do so follow the guidelines below.
How to purchase Magnet (MAG) on Binance
Beginning your Magnet (MAG) trading career has never been so simple, right?.
Understanding how to buy a Magnet (MAG) is actually quite easy.
The next step is to corroborate your identity with a legal document.
You can do this with your ID card, passport, or driver’s license.
Now, you will be asked to take a selfie, following the application’s guidance.
Now you’ll have to wait for a short time while an account verification process is performed.
Once your profile has been accepted, you will be informed via e-mail, just be patient.
The following instructions will guide you through the Magnet (MAG) trading process. As soon as you’ve received the confirmation e-mail, you are a Binance licensed Magnet (MAG) trader.
Buying Magnet (MAG) on Binance
So, account verified means you can begin purchasing Magnet (MAG) immediately.
Learning how to convert money into Magnet (MAG) is not so difficult.
Be aware that you have different options for this process
The "Buy cryptos" menu on the Binance homepage should be your reference when making a purchase.

Needless to say you must be logged into your account to do this
Hovering your mouse pointer over this option will display a list of alternatives for making the purchase.
Next, you’ll have to to provide a legal document to corroborate your identity.
ID card, passport or even a license are all valid documents to fulfill this condition.
Now, you will be asked to take a selfie, according to the platform’s instructions.
The last step will be carried out by the Binance platform: a corroboration process that will take only a short time.
Now you have to wait until your profile has been approved. Be patient, Binance will send you an e-mail.
Congrats! Now you’re officially licensed to operate with Magnet (MAG). See the guidelines that follow.
Learn to buy Magnet (MAG) on Binance
All right, account approved was all you needed to begin buying Magnet (MAG) immediately.
In this section you’ll realize how easy is to buy a Magnet (MAG).
Take into account that you could have different options for this process
To know which options are available to you when buying, browse through the "Buy cryptos" menu on the Binance main page.

You will need to, of course, try this once you are logged into your account
Place your mouse on this button and a list of buying alternatives will deploy.
Did you know you could use your credit or debit card to buy cryptocurrencies?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
The following instructions will be helpful to continue the process:
Currency to be used and how much to invest must be indicated in the next box.

In the next field you should select the Magnet (MAG) you wish to purchase
Taking into account the amount of USD you have recently indicated, the platform will immediately show you the number of Magnet (MAG) you are going to be given.
Next, just adhere to the following guidelines:
Now you should select the currency you wish to use and indicate the amount you are going to invest.

Next, select the Magnet (MAG) you are going to purchase
Considering the amount of USD you have recently indicated, the system will automatically display the quantity of Magnet (MAG) you will get.
Press "Continue".
Now it’s time to specify the method of payment you’ll use. To pay with your credit card, pick in the "Visa/Mastercard" field the option "Add card".

Credit card numbers must be typed in this step, then press "Next".
In this step you must write the address the credit card is associated to. Enter it exactly as it is, then press "Add card".
With this, your card will be added to the payment methods in your user profile. Press "Continue".
The next screen will display an overview of the operation in its final stage. It includes the sum you will pay, the chosen currency and the quantity of Magnet (MAG) purchased.
Obviously, Binance will charge you a certain percentage as a commission for making the transaction, and it will be shown in that overview also.
Now you must acknowledge the order clicking on the "Confirm" button within the next 60 seconds, or it will be automatically shut down.

The next step needs to be done on the credit card bank webpage. Proceed exactly as you do when making a payment with your card on the bank website.
You can check your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure is complete to see your recently bought Magnet (MAG) already there
Purchase Magnet (MAG) with Binance P2P
You may get Magnet (MAG) not only via a direct purchase, but trading them «Person To Person»
with another Binance subscriber as well. Method of payment is the first setting you must add.
The next screen will display a snapshot of the transaction about to be completed. It includes the amount your card will be charged, the selected currency and the quantity of Magnet (MAG) you will be credited.
Obviously, Binance will claim a small amount as a commission for making the transaction, and that will appear in that summary also.
Within the next 60 seconds click on "Confirm", after that time the order will expire automatically.

The Binance system will now redirect you to the bank issuing the credit card. There you would make a standard online payment using your credit card.
You can check your Binance e-wallet (referred to as the «Spot Wallet») when the banking process has been completed and you’ll see your recently purchased Magnet (MAG) already credited
See how easy is how to purchase Magnet (MAG) via Binance P2P
This means «Person To Person», i.e.: exchanging Magnet (MAG)
with another Binance trader. To achieve this, the first step is to define the payment method you would want to apply.

- Go to your profile and click on "Security".
- Locate the "Payment" option in the menu you’ll see from the menu on the left and select it.
- Click the "Add a Payment Method" button and follow the system instructions.
Now that the new payment method has been added to your profile, go to the top part of the screen and hover on "Buy Crypto" to drop-down the menu and choose "Trading P2P". Then see the following instructions:
- On the upper bar of the "P2P Account" tab, select "Buy"
- This bar shows all the Magnet (MAG) available for purchase via P2P operations. Pick the one you would like to buy, in our case we will use «USDT» as an example.Note that any Magnet (MAG) bought through P2P trading is allowed to be exchanged by any of the currencies approved by Binance.
- Locate the "Fiat" column on the upper menu and reveal the drop-down list to find all available currencies. We’ll use «VES» in this example.
- Now you must type the amount in VES you’d like to spend in the "Amount" box.
- Select the payment method and wait for the system to display all of the traders that are offering Magnet (MAG).
- Select a seller from the list shown. We advise that you choose a verified one with a high percentage of sales completed.
- Now press "Buy USDT"
- Write the amount in VES you would want to pay
- Again, select "Buy USDT"
- Now a buying order has been generated and you’ll be able to contact the seller. Complete the payment, click on "Transferred, Next", then press "Confirm". Note that there’s a limited time for you to make the payment.
Tips on how to transfer your Magnet (MAG) to the Spot Wallet
Cryptocurrencies will be released by the seller as soon as money reception acknowledge has been done.
The default place where Magnet (MAG) are transferred to is your account wallet.
Nonetheless, you will need to transfer them to your Spot Wallet in case you want to get any other cryptocurrency.
You can move them immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
If you didn’t do this, don’t be concerned, you can do it at any other moment.
Tips on how to transfer your Magnet (MAG) to the Spot Wallet
Cryptos will be released by the seller as soon as money reception validation has been done.
The place where Magnet (MAG) are deposited is your account wallet.
Take into account that your Magnet (MAG) must be in your Spot Wallet in order for you to get others, so you need to move them there before.
To do this, you only need to click on "Transfer to Spot Wallet" once the buying order has been completed.
This Magnet (MAG) internal transfer can be carried out whenever you need.

- Place the mouse pointer over "Wallet" and select "Wallet Funds" from the drop-down menu.
- The "Transfer" option is located at the top right. Press it.
- In the pop-up window, swap the «From» and «To» options to the following settings:
- From: «Funds»
- To: «Fiat and Spot»
- Select the currency in which you have funds, in the example in this article we use «USDT»
- Set the cryptos you are transferring to the spot walet and press "Confirm".
With these funds already in your Spot Wallet, nothing keeps you from buying any cryptocurrency you believe will be worthwhile.

To purchase Magnet (MAG) from the Binance platform what you just have to do is the following:
- In the upper section, select the "Trading" option.
- Choose "Convert" from the list.
- Input the amount of «USDT» you would like to invest.
- Now mark the crypto you’re about to get.
- Press "Preview conversion".
- Validate the transaction and that’s it. You will have the amount of the selected cryptocurrency in your Spot Wallet.
With these funds already in your Spot Wallet, nothing keeps you from purchasing any crypto you think will yield the greatest profit.

Purchase any cryptocurrency from Binance just following the instructions described next:
- Find the "Trading" option in the top section.
- Choose "Convert" from the list.
- Enter the sum of «USDT» you wish to invest.
- Select the crypto you wish to get.
- Choose "Preview conversion".
- Confirm the operation and that’s all. You will have the funds of the selected crypto in your Spot Wallet.
This article surely pictured you a detailed vision of what Binance is and how you can do business with Magnet (MAG) on it.
So, no need to think twice, make a worthwhile business within the Binance platform.