you glyph and mute all those items for exp.
theres a transmuting guide around and others you could look at but its basically like this. to transmute you put and item up in the left spot in the transmute box and transmute to make and essence which you then transmute with a similar tier of item. just like it used to be except you have to go through the extra step of turning 1 of your items into an essence. and thats where you can loose magical properties.
i did my transmuting deal on tier 1 magical items at rank 0. saved all the rest of my tier 1 items untill tier 1.
one thing i did for more exp and less item gathering time was when i made 10-15-20 essences i would transmute them with items to get exp from them.
rank 1 ive been transmuting tier 1 items with 2-3 magical properties. you can does these at rank 0 but its really hard and your prone to fail. all my 4-5 magical property items are saved for rank 2 leveling and 6-7 magical prop items are saved for rank 3 leveling.
and of course ive been stretching my items as i can because it takes a TON. when i transmute a mystical item which has 3 magic props ill end up with and essence that is probably 1/4 of the time a tier 1 mystical essence. the other times it often is downgraded to a rare essence and sometimes a magical essence.
since im rank 1 and muting 1 magic prop items wont get me any exp anymore i sell or shrine the magical essence and transmute the the other essence with 1 magical prop items i find. and heres why
i save all my 2-3 magic prop items to make essence. its true if you combine like magic prop items you are usually gauranteed to get a like magic prop item. but by doing that for exp your gaining nothing really.
so when you mute your mystical essence with your 1 magic prop item a few times it will come back with 1 magic prob but eventually it will come back with 2 or 3 magical props. food for more muting

ive gotten about 1800 exp rank starting at the end of rank 0 today and im near the end of rank 1 today.
exp per mute goes up as you start doing better items as you level. but of course it starts taking a little longer per mute and and theres more exp to cover.
rank 0 and 1 are ez. they take the same amount of mutes which is 200 each rank. it gets a little harder after this because you need more items with more magic props.