A Step-by-Step-Guide on how to buy Monero (XMR) in Brunei
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your first 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Monero (XMR) Once your deposit has been confirmed, you'll directly have access to your finances and you can initiate purchasing and trading. To invest in Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To locate Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've marked this also. Click on “XMR/BTC” to progress.
Step 4 – Purchasing Monero (XMR) After you've discovered Monero (XMR), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our Limit Order. The “Price” field will be automatically filled with the up-to-date price Monero (XMR) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XMR you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of XMR. When you are happy, click on “Buy XMR”. Your plan will be filled as soon as a Vender sells their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you are trading, never keep your crypto coins on an Exchange for an extensive time frame. To withdraw your Monero (XMR), hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Enter the quantity of (XMR) Monero you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.