If you have any interest to buy Magic Elpis Gem (MEG), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of Magic Elpis Gem (MEG).
Step 3: Create a Metamask Account
Open https://metamask.io website or search for “Metamask extension” in your favorite browser (you can install Metamask for Chrome, Firefox and Opera browsers).
We will show you how to install MetaMask extension for Chrome.
Click Add to Chrome to install MetaMask as Google Chrome extension.
Click Add Extension.
You have successfully installed MetaMask extension. That was easy, isn’t it? Now, it is time to add your existing cryptocurrency wallet.
If you don’t have a wallet yet, you can create one straight away.
When the extension is installed, click on the icon in the upper right corner to open the MetaMask, read and accept the terms.
Create a strong password and click Create.
You will see a 12 words seed phrase. Save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! You have successfully created an account in MetaMask with a new wallet address!
Now you can view your address on Etherscan (Ethereum blockchain explorer), check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Connecting MetaMask to Binance Smart Chain
We want to access the Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, we want to locate the Networks menu.
We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one – it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. Below are the parameters to fill in for each.
Mainnet (This is the one you are probably looking for)
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Once you Save the Network and return to the main view, you’ll notice one things: the network has automatically been set to the one you just entered.
Step 5: Deposit BNB to your MetaMask wallet
Hover over the account name at the top of the window, which will display “Copy to clipboard”
Click on the account name to copy your address
Paste your address in the “recipient” field in the application where you are sending your BNB or tokens from.
Select the amount you want to send, along with any other necessary steps to complete and submit the transaction and make sure to select transfer network “Binance Smart Chain (BSC) BEP20(BSC)”.
Note: Please consult with the organization of the application you are using for information on how to transfer your BNB/tokens.
Step:6 How to Make Your First Trade on Pancakeswap
First head over to the Pancakeswap exchange platform.
On the top right, click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
We’ll log in with a MetaMask wallet.
Once logged in, the trading interface will appear.
In the top field, select the token you wish to exchange for the token you want. We’ll select BNB. In the bottom field, search for the token you wish to purchase, or select it from the drop-down menu, in this case (MEG).
Now you’re ready to set up your order. You can either choose how much you want to spend by entering a number in the top field, or choose how much to buy by entering a number in the bottom one.
At the bottom of the order menu, you’ll then see how much you can expect to receive.
If you’re happy with these figures, click the ‘Swap’ button.
Your wallet click will then prompt you to confirm the trade, and potentially adjust the fees to a number that works best for you.
When you’re ready, confirm the transaction and it will then be processed. Once it’s done, your tokens will appear in your ERC20 wallet.
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Magic Elpis Gem gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Magic Elpis Gem securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Magic Elpis Gem for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy Magic Elpis Gem with cash?
The answer is No. Because there is no way you can directly buy Magic Elpis Gem with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy Magic Elpis Gem while living in Europe?
Can I use alternative platforms to purchase Magic Elpis Gem or Bitcoin with credit cards?
What Is Magic Elpis Gem (MEG)?
MEG is the utility token of Elpis Battle (EBA), a tactical turn-based RPG on the BNB Chain. The main goal of players in Elpis Battle is using NFT Heroes to conquer different level in game, then earn MEGs and other attractive rewards.
MEG can be minted only by Elpis Battle players, and is used for most in-game features such as Recruit – create new NFT Hero from existing NFT Hero, Awaken – Increase strength statistics and expand level limit for NFT Hero, Craft – create new NFT Equipment.
How Many MEG Tokens Are There in Circulation?
Elpis Battle launched its main-net on Feb 28, 2022 with zero MEG tokens created at genesis. Only Elpis Battle game players – who own the Elpis Hero Metaverse NFTs can mint additional MEGs to use for in-game features.
90% MEG use in function
Who Are the Founders of MEG ?
MEG was created by the same team who developed the Elpis Battle (EBA) project.
Elpis Battle is developed by ZEGO Studio team members and backed by VCC Holding.
What Makes MEG Unique?
The purpose of MEG is a medium of exchange of in-game economy. MEG should be stabilized in terms of price and ensure its decentralized nature, even when there is no organization to regulate. To work towards this goal, MEG propose a mechanism called Elastic Emission to stabilize the price.
If the total amount of MEG earned is 5% less than the total amount of MEG burned in an epoch, the next Epoch is Expansion.
If the total amount of MEG earned is 5% more than total MEG burned in an epoch, the next Epoch is Contraction.
The system is well-balanced when the reward coefficient is unchanged.
Epoch Expansion: All in-game MEG rewards is multiplied by 115%
Epoch Contraction: All in-game MEG rewards is multiplied by 85%
This stabilisation mechanism and supply-demand adaptation help stabilize the price of MEG. Therefore, the new players can easily participate in Elpis Battle without a high cost-barrier.
Learn more about Elpis Battle here.