
Magic (MAGIC) is in the top 1,000 cryptocurrencies by market cap, valued at $222,992,115.
Magic is a highly volatile asset capable of major price swings in a single day. Today MAGIC is trading for $1.03, which is slightly up from yesterday's trading price of $1.06. Magic's seen an increase of 109% over the past year.
So before you buy Magic, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy Magic.
How to buy Magic in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchangesThe easiest way to buy Magic is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a depositOnce verified, you can deposit USD using the payment method that best suits you – cryptocurrency, card and bank payments are widely accepted.
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Buy MagicYou can now exchange your funds for Magic. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Magic to your personal wallet.
Where to buy Magic
Find an exchange to buy, sell and trade MAGIC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Magic guide up-to-date
- MAGIC price data is regularly updated through data feeds so you always have the latest information.
- Magic performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Magic?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Magic?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Magic.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MAGIC with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Magic?
Once you've created an account, you will need to deposit funds to buy MAGIC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy MAGIC:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase MAGIC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MAGIC on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Magic?
The easiest way to buy MAGIC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best Magic wallets to store your MAGIC
You can keep your MAGIC on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MAGIC below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Magic a good investment?
Like all altcoins, MAGIC is subject to regular volatility and thus there are a few aspects of the project worth considering before investing in it:
- Multipurpose token use case: According to the project’s whitepaper, each and every platform operating within the Treasure marketplace is governed using the MAGIC token. MAGIC can also be used within each metaverse functioning inside the Treasury landscape for a host of different things including the creation of unique storylines and the facilitation of internal monetary transactions. Ultimately, MAGIC serves as the “reserve currency” for all projects that are connected inside of the Treasure umbrella.
- Interaction of metaverse projects: All of the projects within the Treasure network are linked with each other, both from a narrative standpoint as well as economically. Future investors of MAGIC should pay close attention to the external projects that begin to integrate with Treasure. The number of projects hosted within the ecosystem will drive demand for the native MAGIC token.
- Multiverse focus: The Treasure project focuses on the metaverse ecosystem, which has seen exponentially growth through 2021. By focusing on an up-and-coming sector of the cryptocurrency industry the project may be positioning itself well for the future. However, the project will need to compete with all other metaverse projects which are becoming abundant throughout the space.
Today's Magic price versus ATH
Compare today's price of Magic ($1.03 USD) against its all-time high (ATH) price of $6.32 on February 19, 2022. The closer the bar is to 100%, the closer MAGIC is to reaching its ATH again.
How do I trade, convert or sell Magic?
You can convert or sell your MAGIC with the same exchange you bought it through:- Sign in to the exchange you have MAGIC on.
- If you store your Magic in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of MAGIC you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Magic.
- Complete your transaction and move your MAGIC to a wallet for storage.
How to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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