Use Elbaite to buy bitcoin, ETH and stablecoins directly to your Magic Eden Wallet while keeping full control of your wallet and avoiding extra withdrawal fees on exchanges.
Multi‑chain wallet built by the Magic Eden NFT marketplace.
Magic Eden Wallet is a non‑custodial wallet that lets you hold your own assets and sign transactions directly on the networks it supports. It is designed for users who want more control than a centralised exchange account can provide.
When you create a Magic Eden Wallet wallet you generate private keys that control one or more blockchain addresses. Those keys stay on your device, not on an exchange. To receive crypto you share a public address; to send crypto you sign a transaction with your keys and broadcast it to the network. Because you stay in control of the keys, you are responsible for backing up your recovery phrase and keeping your devices secure.
Magic Eden Wallet gives you direct control over your funds while still making it straightforward to connect to the apps and ecosystems it supports. That combination of convenience and control is why many self‑custody traders, long‑term holders and Web3 users choose it as one of their main wallets.
Many Magic Eden Wallet users start by buying crypto on a centralised exchange and then paying a separate withdrawal fee just to send funds to their wallet address. This two‑step flow adds extra cost and leaves your assets sitting in an exchange account that you do not fully control while you wait to withdraw.
Elbaite is designed as a direct‑to‑wallet P2P onramp so you can buy crypto for your Magic Eden Wallet wallet in one flow from your bank account in USD. Instead of holding a balance for you, Elbaite acts as a marketplace. You fund your Elbaite account with USD, choose an offer from a verified seller in the marketplace and pay with your USD. The USD is held safely in escrow while the seller sends the crypto directly to the Magic Eden Wallet address you select. Once the blockchain confirms that the crypto has arrived in your wallet, Elbaite releases the USD from escrow to the seller.
Because Elbaite never takes custody of your crypto, your Magic Eden Wallet wallet remains the place where balances live from the moment the trade completes. You avoid holding assets on an exchange account, reduce the need to pay separate withdrawal fees, and keep your funds under your own control. For self‑custody traders and Web3 users, this direct‑to‑wallet flow is an easy way to fund Magic Eden Wallet on Ethereum, Solana, Bitcoin and other networks supported by Magic Eden Wallet. while staying aligned with how self‑custody is meant to work.
Before you fund Magic Eden Wallet with Elbaite, make sure your wallet is set up correctly. Install the official app or browser extension, create a new wallet or import an existing one, and back up your recovery phrase safely offline.
Create and verify your Elbaite account so you can use it as your fiat to crypto onramp. Sign up with your email and basic details, then complete the required identity verification steps so Elbaite can meet its compliance obligations.
In Magic Eden Wallet, copy the wallet address you want to fund. In Elbaite, add a new wallet address entry and paste your Magic Eden Wallet address. Give it a clear label so you can recognise it later. If you use Magic Eden Wallet on multiple networks, create separate address book entries for each network you plan to fund.
Add USD to your Elbaite account using one of the available funding methods. The USD you add will be used to pay sellers in the marketplace and is held securely in escrow for each trade.
Go to the marketplace, choose the asset you want to buy and filter offers that allow delivery to Magic Eden Wallet. Select an offer that fits your size and price, review the quote and confirm the trade. Pay for the trade with the USD in your Elbaite account.
The seller sends the purchased crypto directly to the Magic Eden Wallet address you selected. Elbaite monitors the blockchain and waits for the required number of confirmations.
Once the transaction is confirmed on‑chain, Elbaite marks the trade as complete and releases the USD from escrow to the seller. The first thing that is always confirmed is that your Magic Eden Wallet wallet has received the crypto.
When your wallet balance updates, you are ready to use your Magic Eden Wallet funds – whether that is trading, using DeFi, minting NFTs or simply holding your assets in self custody. Whenever you need more crypto in Magic Eden Wallet, repeat the same flow with Elbaite.
Answers to common questions before getting started.
Sign up to Elbaite, verify your account, add your Magic Eden Wallet address to your wallet address book, then choose an offer in the marketplace. When you pay with USD, the seller sends crypto directly to your Magic Eden Wallet and Elbaite only releases USD from escrow after the transaction is confirmed on‑chain.
You can buy the major assets that Magic Eden Wallet supports on the networks Elbaite supports – typically BTC, ETH and leading stablecoins, plus other popular tokens depending on the wallet and network.
Buying on a centralised exchange and withdrawing to Magic Eden Wallet usually means paying both trading fees and a separate withdrawal fee. With Elbaite’s direct‑to‑wallet P2P flow you avoid a separate withdrawal step, which can reduce total costs for many trades.
Elbaite does not take custody of your crypto. Sellers on the marketplace send crypto straight to your Magic Eden Wallet address while USD stays in escrow. USD is only released after the blockchain confirms that your wallet has received the funds.
Yes. Elbaite requires identity verification to meet regulatory obligations. Once your account is verified you can reuse it whenever you want to fund Magic Eden Wallet or other wallets.
Most trades complete once the underlying network confirms the transaction. On faster networks this can be a few minutes; on Bitcoin or congested chains it can take longer depending on fees and conditions.
You can fund your Magic Eden Wallet on the networks that both Magic Eden Wallet and Elbaite support. When you add your wallet address in Elbaite, make sure you select the correct network so that funds arrive where you expect.
Elbaite focuses on helping you move from your bank account into self‑custody wallets like Magic Eden Wallet. To move funds back to your bank you would normally send crypto to an off‑ramp that supports withdrawals to your bank account.
No. Elbaite never asks for your seed phrase or private keys. You stay in control of your Magic Eden Wallet at all times and simply provide a receive address so sellers know where to send your crypto.
Yes. You can add multiple Magic Eden Wallet addresses into your Elbaite address book, including addresses on different networks if your wallet supports them. Just pick the right address each time you create a new trade.
Elbaite Pty Ltd (“Elbaite”) is incorporated in Australia and registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. We will never ask for the private keys to your personal digital currency wallet. Elbaite is not liable for any losses you may incur, and you are solely responsible for your investment decisions. Before deciding if our services are right for you, take into consideration your own financial situation & needs and/or obtain professional financial or taxation advice from a licensed provider. Elbaite does not provide financial advice and Elbaite does not have any affiliation with external traders, advisors or trading platforms. Please note: Be cautious of phishing sites and always verify that you're on the official Elbaite.com website before entering any sensitive information.
