How to Buy Monero (XMR) in Bahrain

A Step-by-Step-Guide on how to buy Monero (XMR) in Bahrain

Step 1 – Join Kraken

You will first need to purchase units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find Monero (XMR)

As soon as your deposit has been approved, you will now have access to your finances and you can commence invest and trading. To buy (XMR) Monero on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this too. Click on “XMR/BTC” to go on.

Step 4 – Buy (XMR) Monero

Once you've found (XMR) Monero, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date price (XMR) Monero was traded for. You can change this to your favoured price. The “Amount” field is the quantity of XMR you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of XMR.

If you are satisfied, click on “Buy XMR”. Your order will be filled as soon as a Vender sells their XMR for the price you introduced.

Step 5 – Withdraw Monero (XMR)

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extended period of time. In order to withdraw your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the provided drop-down box. Enter the amount of Monero (XMR) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congratulations! You've successfully purchased and safed Monero (XMR) in Bahrain.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (XMR) Monero is safe within your wallet, you're finished.
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