A Step-by-Step-Guide on how to buy Monero (XMR) in Mozambique
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your first $10.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Monero (XMR) As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can begin purchasing and trading. To purchase Monero (XMR) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to discover Monero (XMR), you'll need to put the shortname of the coin (XMR) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “XMR/BTC” to proceed.
Step 4 – Buy Monero (XMR) Once you have discovered (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are making our own Limit Order. The “Price” field will be automatically filled with the most latest valuation (XMR) Monero was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of XMR you want to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole quantity of XMR. When you're satisfied, click on “Buy XMR”. Your plan will be filled when a Vender trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. To take off your (XMR) Monero, hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the provided drop-down box. Drop in the amount of Monero (XMR) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.