A Step-by-Step-Guide on how to buy Monero (XMR) in Guinea-Bissau
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your first $10.
Step 2 – Send Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find (XMR) Monero Once your deposit has been verified, you'll immediately have access to your assets and you can commence purchasing and trading. To invest in Monero (XMR) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate (XMR) Monero, you'll need to put the short name of the asset (XMR) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “XMR/BTC” to progress.
Step 4 – Purchase (XMR) Monero Once you have found (XMR) Monero, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the recent price (XMR) Monero was traded for. This can be changed to your favoured price. The “Amount” field is the amount of XMR you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of XMR. When you are satisfied, click on “Buy XMR”. Your plan will be filled when a Seller trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (XMR) Monero, hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the amount of Monero (XMR) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.