How to Buy Monero (XMR) in Belgium

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Monero (XMR)

Once your deposit has been approved, you'll immediately have access to your finances and you can launch buying and trading. To buy (XMR) Monero on Binance, you'll want to go to the tab which is called “Exchange” and after that 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. Be certain of having selected the correct pairing, we have highlighted this too. Click on “XMR/BTC” to progress.

Step 4 – Purchasing (XMR) Monero

After you have found (XMR) Monero, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our Limit Order.

The “Price” field will be filled automatically with the most up-to-date tariff (XMR) Monero was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of XMR you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of XMR.

If you are happy, click on “Buy XMR”. Your plan will be filled as soon as a Vendor sells their XMR for the price you offered.

Step 5 – Withdraw Monero (XMR)

Unless you are trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. To withdraw your (XMR) Monero, go to the tab called “Funds” and click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the given drop-down box. Enter the quantity of (XMR) Monero you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congratulations! You've successfully bought and stored (XMR) Monero in Belgium.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Monero (XMR) is safe within your wallet, you are done.
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