Purchasing Magnum (MGM) on the Binance platform
There are many trading platforms on the ’net nowadays, but undoubtedly Binance is one of the most popular and reputed.
Understanding how to buy Magnum (MGM) is essential in case you want to start operating on that platform.
This article will try to guide the reader on how to purchase Magnum (MGM) on the Binance Magnum (MGM) exchange.
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Understand how to register on Binance
The only way to begin trading on Binance is subscribing to it.
Easy registration: just follow the guidelines below.
On the Binance homepage you have to locate the "Register" button and click on it.
You may access directly by clicking here.
Look for the "Register with a phone or email" button in the homepage and press it.
You can also do this using your iOS smartphone.
Here we’ll will explain the registration technique using an email address.
- From the drop-down list of countries, select the one you reside.
- The next step is picking a secure password. This is quite relevant since it’s all about your money, so you need to create a really strong one
- If you want to be informed periodically via e-mail about Binance news, mark 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
By now, you surely have received an email sent to the address you’ve just used to create your Binance account. In its text you’ll see a one-time-only activation password you’ll need to will enter in the corresponding box. Then press "Send"
That’s all! You are now signed up with Binance.
It is a nice idea to navigate through the different areas of the Binance platform and become familiar with them.
This way you mayyou will be able to begin operating with Magnum (MGM) without difficulty.
To get access to those options, you must fulfill the identity checking.
Please, note that it will be only after you have fulfilled this safety step that you’ll be authorized to begin operating with Magnum (MGM).
However, you don’t need to worry, see the following paragraphs to find out how to do it.
Verify your Binance account to get started on trading
The following are the instructions to verify your Binance subscription and get authorized to start trading:
From the user profile menu, click on "Security"
Another alternative is to go to the top of the screen and click on the "Verify" button
Press "Identification" on the left options list.
Here you should pick your country of residence.
The platform will display you 3 verification levels: the current one, the Verified, and the Verified Plus.
Press the "Start now" button under the "Verified" label, for this is the beginning level.
In this step, you must give certain personal data:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Exact address of your residence.
- Second name and birth date.
- Second name and date of birth.
At this point, the Binance platform will ask you to provide a legal document for identity corroboration.
You can do this by using your ID card, passport, or driver’s license.
Follow the system guidance to take a selfie.
The final step will be made by the Binance platform: a confirmation process that will take only a short time.
So, be patient, Binance is going to let you know via e-mail when your application has been accepted.
The following instructions will guide you through the Magnum (MGM) buying process. As soon as you’ve got the confirmation e-mail, you’re a Binance authorized Magnum (MGM) trader.
Buying Magnum (MGM) on Binance
Since you have subscribed to the platform and have your account verified, you can start trading.
In this segment you’ll discover how simple is to buy a Magnum (MGM).
Next, you’ll have to to show a legal document to support your identity.
passport, ID card or even a driver’s license will be enough to fulfill this formality.
Now the platform will require you to take a selfie under certain conditions.
Once those requirements have been fulfilled, the Binance system will carry out a verification process on your account.
Now you have to wait until your application has been approved. Be patient, Binance will send you an email.
The following instructions will guide you through the Magnum (MGM) purchasing process. As soon as you’ve got the confirmation email, you’ve become a Binance licensed Magnum (MGM) trader.
Purchasing Magnum (MGM) on Binance
Starting your Magnum (MGM) trading career has never been so easy, right?.
In this section you’ll see how simple is to convert money into Magnum (MGM).
Take into account that you could have different options for this process
The "Buy cryptos" menu on the Binance main page will be your reference when making a purchase.
You will need to, of course, do this after you’ve logged into your account
Move your mouse over this key and a list of buying alternatives will be shown.
Here, the Binance platform will ask you to use a legal document for identity checking.
passport, ID card or even a driver’s license will be enough to fulfill this condition.
Now the system will require you to take a selfie under certain conditions.
The final step will be made by the Binance system: a verification process that will take only a short time.
As soon as your request has been accepted, Binance will send you an email, just be patient.
Congratulations! Once you’ve got the confirmation you’re officially enabled to operate with Magnum (MGM). The following instructions will be helpful.
Buying Magnum (MGM) on Binance
OK, account validated means you can begin buying Magnum (MGM) immediately.
In this segment you’ll realize how easy is to convert cash into Magnum (MGM).
Be aware that you may have more than one option for this process
The "Buy cryptos" menu on the Binance homepage should be your reference at buying time.
Needless to say you must log into your account to be able to do this
Hover your mouse over this option and a list of buying alternatives will deploy.
Using your credit or debit card for buying Magnum (MGM)
The first thing you must do to purchase the Magnum (MGM) of your preference using a credit card, should be to pick this method from the "Buy Cryptos" drop-down list.
Keep on reading for further instructions:
Now you should pick the currency you want to buy with and specify how much you want to invest.
In the next field you should pick the Magnum (MGM) you’d like to get
After you do so, the platform will immediately show you the number of Magnum (MGM) you’ll be given, considering the amount of USD you’ve just indicated.
Next, just adhere to the following directions:
Now you should select the currency you want to use and enter how much you are going to invest.
Next, choose the Magnum (MGM) you’re going to purchase
When you do so, the system will automatically show you the quantity of Magnum (MGM) you will get, taking into account the amount of USD you’ve recently specified.
Press "Continue".
Now you must define the method of payment you’ll use. To pay with your credit card, pick in the "Visa/Mastercard" box the option "Add card".
Then the platform will ask you to enter your CC details.
The next field is where you’ll specify the address the card is associated to. Type it exactly as it is, then press "Add card".
With this, your credit card will be added to the payment methods in your account. Press "Continue".
Next, all the important details of the transaction will be presented: the sum to be charged on your credit card and the corresponding currency, and obviously, the cryptos you will receive.
Another detail of relevance in this summary is the percentage you’ll be charged as a commision for making the purchase.
Now you must acknowledge the order clicking on the "Confirm" button during the following 60 seconds, or it will be automatically aborted.
The Binance platform will now reroute you to the credit card issuing bank. There you will make a normal online payment with your credit card.
Your recently purchased Magnum (MGM) will be credited to your Binance e-wallet (referred to as the «Spot Wallet») once the banking process is complete
See how easy is how to buy Magnum (MGM) through Binance P2P
You may get Magnum (MGM) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber as well. In that case, you should specify the payment method you wish to use first.
The next screen will display a summary of the operation in its final stage. It includes the sum you will pay, the chosen currency and the amount of Magnum (MGM) purchased.
Another detail of relevance in this overview is the percentage you’ll be charged as a commision for making the operation.
In less than 1 minute press "Confirm", and then the order will expire automatically.
The platform will now send you to the credit card issuing bank. There you would complete a normal on-line payment using your credit card.
After the banking process has been done, you will get your purchased Magnum (MGM) in your Binance digital wallet (called the «Spot Wallet»)
Learn how to purchase Magnum (MGM) via Binance P2P
A different way to buy crypto is to trade it
with another trader. You should state the payment method you would want to use first.
- Click on "Security" in your profile.
- From the list on the left-hand side select "Payment".
- Select "Add a Payment Method" and the Binance system will guide you through the rest of the process.
Once you have added the new method of payment to your profile, move to the "Buy Crypto" menu (upper bar of the navigator), find the "Trading P2P" option, and follow the instructions below:
- On the upper bar of the "P2P Account" tab, choose "Buy"
- This bar contains the list of Magnum (MGM) available for buying through P2P trading. Select the one you would like to buy, here we present «USDT» as an example.Note that any Magnum (MGM) bought through P2P trading could be exchanged by any of the foreign currencies approved by Binance.
- Select the currency you want to make the payment with from the drop-down menu under the "Fiat" label, for instance, «VES».
- You must enter the amount in VES you’d like to invest in the "Amount" box.
- Select the payment method and wait for the system to display all of the dealers’ ads.
- Locate a trader from the displayed list. We suggest that you pick a verified one with a high percentage of sales completed.
- Click on "Buy USDT"
- Now the amount you wish to pay in VES must be typed
- Press "Buy USDT" again
- That will open an order where you will be in touch with the seller. Pay within the time limit and press "Transferred, Next", then press "Confirm".
How you can transfer your Magnum (MGM) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception acknowledge has been done.
The default place where Magnum (MGM) are deposited is your account wallet.
Nonetheless, you will need to move them to your Spot Wallet in case you want to purchase another crypto.
You can do this immediately right after the buying order is completed just by clicking "Transfer to Spot Wallet".
This Magnum (MGM) internal movement can be performed anytime later.
Learn how to transfer your Magnum (MGM) to the Spot Wallet
When you have completed a payment to the seller, they may release the Magnum (MGM), by confirming payment reception.
You may check your wallet Binance balance to confirm reception.
However, in order for you to purchase another Magnum (MGM), you must transfer them to your Spot Wallet.
To achieve this, you only need to click on "Transfer to Spot Wallet" once the purchase order is completed.
If you forget to follow this step right after buying the cryptos, there’s nothing to worry about: you’ll be able to do it later.
- Drop the "Wallet" list down and click on the "Wallet Funds" button.
- The "Transfer" button is located on the upper right area of the screen. Click on it.
- A new window will pop-up, where you should configure the options to:
- From: "Funds"
- To: "Fiat and Spot"
- Select the currency corresponding to the funds you have in the platform, in this example we’ll use «USDT»
- Input the amount you are moving for the Exchange and click "Confirm".
With these funds already in your Spot Wallet, nothing keeps you from buying any crypto you consider will be worthwhile.
Discover how simple is to buy any cryptocurrency from Binance:
- In the top panel, loate the "Trading" menu.
- From the list choose the "Convert" alternative.
- Fill in the box 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 will have the funds of the selected crypto in your Spot Wallet.
That’s it! This way you will have money in the Spot Wallet so you will be able to purchase any of the huge selection of Magnum (MGM) within the Binance platform.
Buy any cryptocurrency from the Binance platform just following the steps described below:
- Find the "Trading" menu in the top section.
- Select "Convert" from the list.
- Enter the sum of «USDT» you wish to spend.
- Now mark the cryptocurrency you’re about to get.
- Press "Preview conversion".
- Validate the transaction and that’s it. You now will have the funds of the selected crypto in your Spot Wallet.
This article have surely pictured you a detailed overview of what Binance is and how you can do business with Magnum (MGM) on it.
Cryptos are the future, and Binance is a secure and practical site to do business. Begin right now!