How to Buy Monero (XMR) in Bangladesh

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (XMR) Monero

Once your deposit has been approved, you will directly have access to your assets and you can start invest and trading. To purchase (XMR) Monero on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To spot (XMR) Monero, you will need to insert the cointype (XMR) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “XMR/BTC” to advance.

Step 4 – Purchase Monero (XMR)

Once you have found Monero (XMR), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The “Price” field will be filled with the latest price Monero (XMR) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of XMR you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of XMR.

When you're satisfied, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vendor trades their XMR for the price you introduced.

Step 5 – Withdraw Monero (XMR)

Unless you are trading, you should never keepyour crypto on an Crypto Trader for an extended time period. In order to withdraw your (XMR) Monero, hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the provided drop-down box. Enter the amount of Monero (XMR) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and safed (XMR) Monero in Bangladesh.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (XMR) Monero is stored inside your wallet, you are all done.
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