This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade cryptoassets.
Magic Eden offers a way to buy and sell cryptocurrency directly on the site. This service, facilitated by Moonpay, ensures quick and secure transactions. Note that the service is not available in all jurisdictions. For more information on Moonpay, please refer to their website: Moonpay.
In this article, we'll walk you through the steps for purchasing and selling cryptocurrency within the Magic Eden website.
Step-by-step guide to buying and selling crypto
The availability of payment methods is contingent upon your location and the third-party API providers you choose.
Accessing the Buy/Receive Crypto tab
Hover over your Wallet on Magic Eden at the top right. Navigate to the Buy/Receive tab, represented by a dollar sign.
Purchasing crypto
Select the Buy button
Choose the Buy button to start your purchase.
Enter the amount
Input the amount of fiat currency you want to spend. The system will estimate the amount of cryptocurrency you will receive.
Choose payment method
You can pay via debit card, Venmo or PayPal. Note that there are spending and receiving limits based on your Moonpay verification status. Select your preferred payment method.
Proceed to purchase
Agree to MoonPay's Terms of Use and Click the pink 'Pay' button. This will open your browser to PayPal or Moonpay depending on your preferred payment method. If it’s your first time using Moonpay, you will need to complete identity verification.
Enter payment information
Input your card information. Your receiving address will automatically populate based on your connected Wallet account.
Review and agree
Review Moonpay’s Terms of Use and proceed to pay.
Processing:
You will see a screen showing that your purchase is being processed, along with an estimated time of completion, which varies depending on the blockchain.
Receiving crypto
Select the Receive tab:
Choose the Receive button if you wish to receive cryptocurrency from a friend.
Proceed to Receive:
From here, you will get a QR code with your address or you can copy your address in order to receive crypto from a friend or another wallet.
Tracking your orders
Order details
Click on the Order details tab to get important information for following up on your order, such as your Order ID.
Order history
From your history, you can view your order and its status (e.g., Pending, Complete).
Where is purchasing crypto through Magic Eden unavailable?
Purchasing crypto through Magic Eden is currently NOT available in the following countries and territories:
Afghanistan, Albania, Bahamas, Bangladesh, Barbados, Belarus, Bolivia, Botswana, Burkina Faso, Cambodia, China, Cuba, Ecuador, Ghana, Haiti, Iceland, Iran, Iraq, Jamaica, Japan, Kosovo, Korea (Democratic People's Republic of), Lebanon, Liberia, Macao, Malaysia, Malta, Mauritius, Mongolia, Morocco, Myanmar, Nicaragua, Nigeria, North Korea, Pakistan, Palestine, Panama, Russia, Senegal, South Sudan, Sudan, Syrian Arab Republic, The Democratic Republic of the Congo, Uganda, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe, Virgin Islands (USA), American Samoa (USA) and Northern Mariana Island (USA).
This list is subject to change. If you have any questions, please reach out via the chat widget.