How to Buy Magic on Arbitrum: A Comprehensive Guide
Arbitrum is a fast-growing layer 2 solution for the Ethereum network, providing users with faster and cheaper transactions. One of the most popular tokens on the Arbitrum network is Magic, a cryptocurrency that powers the Magic internet platform. If you're interested in buying Magic, but don't know where to start, you've come to the right place.
In this guide, we'll take you through the process of buying Magic on Arbitrum, step-by-step. We'll cover everything from creating a wallet to making your first purchase, and answer some common questions along the way.
So, let's get started!
What is MAGIC?
MAGIC is the crucial element of the Treasure metaverse, empowering NFTs and transforming them into productive, yield-generating assets. As the metaverse grows and its economy becomes more complex, MAGIC becomes progressively rarer (emissions decrease). It creates an expanding web of narrative connections within the Metaverse, ensuring that it is increasingly intertwined with itself.
In the Treasure ecosystem, $MAGIC holders govern the rules. Players can earn $MAGIC by playing, mining, and participating in Bridgeworld. By engaging with these activities, they increase their $MAGIC holdings and gain greater control over the Treasure metaverse.
How do I check the price of $MAGIC?
There are a few options to check the price of $MAGIC:
CoinGecko
CoinMarketCap
GeckoTerminal
Dexscreener
How to Buy Magic on Arbitrum
Step 1: Move ETH to Arbitrum.
To begin using Arbitrum, the first step is to transfer your Ethereum (ETH) to the Arbitrum network. If you already have ETH on the Ethereum Mainnet (L1), you can easily transfer it using the Bridge ETH to Arbitrum feature, which utilizes MetaMask as an example.
Read more: How to Bridge ETH to Arbitrum: A Step-by-Step Guide
Alternatively, you can purchase ETH directly on the Arbitrum network from exchanges such as Binance and Crypto.com.
Step 2: Purchase $MAGIC using SushiSwap.
Visit to SushiSwap and ensure that you are on the Arbitrum network (not L1 / Ethereum Mainnet).
Once you have confirmed that you are on the correct network, proceed to buy $MAGIC.
FAQs
Q: Is it safe to buy Magic on Arbitrum?
A: Yes, Arbitrum is a secure and reliable network, and Magic is a legitimate cryptocurrency.
Q: Can I buy Magic with fiat currency?
A: No, you'll need to buy ETH on an exchange and then exchange it for Magic on Arbitrum.
Q: How long does it take for a transaction to be processed on Arbitrum?
A: Transactions on Arbitrum are typically processed within a few minutes.
Conclusion
Buying Magic on Arbitrum is a straightforward process that can be completed in just a few steps. By creating a wallet, adding funds, and making a purchase, you can become a part of the growing Magic community on the Arbitrum network.
We hope this guide has been helpful, and wish you the best of luck in your Magic trading journey!