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.
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.
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.
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:
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:
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.
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.
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.
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.
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
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
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:
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.
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.
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:
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:
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.
In case you are planning to earn money by buying cryptocurrencies, you would have to understand how to use the Kucoin platform. This form oftrade is getting good benefits to all its subscribers, in fact it is showing more and more evolution in all its tradings.
If you need to learn easily how to purchase a Magnet (MAG) in Kucoin, you should keep on reading this article.
After you’ve created your account into the Kucoin platform and met the security requirements, you need to deposit your cash. This method is quite easy, good news is that there are several alternatives to do that.
One of them is usually to navigate to the «Balance» or «Assets» section at the top right of the navigator screen and select the «Deposit» hyperlink. There after, choose the Magnet (MAG) you wish to put into your personal account to buy new cryptos, for example, USDT.
After this, you will need to find the network you will use for the operation. We usually suggest Tron (TRC20) because it gets the lowest commissions.
Below you’ll see the address you must insert in the "Exchange" where you currently have the USDT you’d like to send to Kucoin. When you do this, you are going to obtain the funds in the main account immediately.
If that doesn’t work in your country, you could try moving funds to your account through P2P trading. This type of purchase means that you make a traditional bank transfer to any of the documented traders to receive any of the genuine cryptos.
Now that you get the funds in your account, it’s the perfect time to start using the Kucoin platform.
Purchasing a Magnet (MAG) on Kucoin you must transfer the money you’ve just purchased to the trading accounts. To do this you have to click on the «Balance» menu, click on the main account, enter the cryptocurrencies then choose "Transfer". This last option can be situated on the same line as the currency you are about to use to complete the purchase.
If this is not working in the country you’re living, you may try moving the money to your account through P2P trading. This kind of transaction means that you actually make a conventional bank transfer to one of the listed traders to receive any of the authorized cryptos.
Now that you received the money in your account, it’s time to start interacting the Kucoin platform.
Before buying a Magnet (MAG) on Kucoin you have to send the money you’ve just purchased to the trading accounts. To do this you have to click on the «Balance» menu, click the main account, enter the cryptocurrencies then choose «Transfer». This last button can be located on the same line than the currency you’ll use for the purchase.
After this, you are sent to a menu for choosing where you are going to send the funds. You must take from the «Main Account» to the «Trading Account», and add the currency and the quantity you decided to send to transact. Then simply click «Confirm».
Now that you got the cash already credited in your account, you are set to purchase your crypto and start trading.
Now you will learn how to purchase Magnet (MAG) in diverse ways. To begin, you should access the «Trade» menu and click on «Spot trading» (Spot Market). Next enter the term Magnet (MAG) in the search line in the top corner of the site.
The platform will reveal the crypto pairs you can trade with.
In other words, you‘ll only be capable of purchase Magnet (MAG) only with the crypto pairs it shows you.
With this case, you’re allowed do it with «USDT», «USDC», «KCS», and «BTC».
We choose ADA/USDT as we have funds in this set. When we do that, it instantly loads the crypto graph data and the order book with the buy and sell procedures.
In order to be able to accomplish the operation, it is necessary to enter the corresponding code.
At the bottom on the right-hand area, the financial markets to trade crypto can be found, enabling immediately «Spot». There are 3 ways to purchase Magnet (MAG). Those are the following:
You can also establish the order activation but process it at the best market price. You will do this by selecting «Stop Market», and indicating in «Stop Price» the value you desire the Magnet (MAG) to arrive to activate the order and the amount of USDT to pay. By simply clicking Buy Magnet (MAG), your buying order will be processed at the market rate once it is the same as the stop price you have previously set.
With any of these options, you’ve already got the Magnet (MAG) tokens you have bought in your trading account. From this moment you may trade with that or you may want to purchase other cryptos. Bear in mind that with Magnet (MAG) you’ll only be capable to get the cryptos available in their pairs. Often you will need to trade the Magnet (MAG) for a crypto that mostly appears in the Magnet (MAG) pairs, such as BTC, USDT, and BNB, and after that you can buy the one that you actually want.
Now you can start trading a Magnet (MAG) through Kucoin.
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