A Step-by-Step-Guide on how to buy Monero (XMR) in Sierra Leone
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome 10 Dollar.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find (XMR) Monero As soon as your deposit has been affirmed, you'll directly have access to your assets and you can initiate invest and trading. To purchase (XMR) Monero on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. To locate (XMR) Monero, you will need to put the cointype (XMR) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have highlighted this too. Click on “XMR/BTC” to continue.
Step 4 – Purchase (XMR) Monero After you've located (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). And now we are going to create our Limit Order. The field with the “Price” tag will be filled with the most recent tariff Monero (XMR) was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of XMR you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of XMR. When you are glad, click on “Buy XMR”. Your order will be filled as soon as a Vender trades their XMR for the price you offered.
Step 5 – Withdraw Monero (XMR) Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an longer time period. To withdraw your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Enter the volumen of (XMR) Monero you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.