A Step-by-Step-Guide on how to buy Monero (XMR) in Brunei
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Monero (XMR) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Monero (XMR) Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate buying and trading. To purchase Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to find Monero (XMR), you will need to insert the cointype (XMR) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “XMR/BTC” to go ahead.
Step 4 – Purchase Monero (XMR) After you've discovered (XMR) Monero, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are creating our Limit Order. The “Price” field will be filled automatically with the most latest tariff (XMR) Monero was sold for. You can change this to your desired rate. The “Amount” field is the quantity of XMR you wish to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole quantity of XMR. If you're satisfied, make a mouse click on “Buy XMR”. Your order will be filled when a Vender trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an longer time frame. To withdraw your (XMR) Monero, hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Drop in the amount of (XMR) Monero you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.