A Step-by-Step-Guide on how to buy Monero (XMR) in Monaco
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and to get your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Monero (XMR) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (XMR) Monero Once your deposit has been confirmed, you will directly have access to your assets and you can initiate buying and trading. To invest in Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. To spot Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “XMR/BTC” to advance.
Step 4 – Buy Monero (XMR) After you have located (XMR) Monero, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order. The “Price” field will be filled with the most latest valuation (XMR) Monero was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XMR you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of XMR. If you're satisfied, click on “Buy XMR”. Your plan will be filled as soon as a Vender trades their XMR for the price you offered.
Step 5 – Withdraw Monero (XMR) Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended time period. To take off your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Put into the volumen of (XMR) Monero you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.