A Step-by-Step-Guide on how to buy Monero (XMR) in Burma
Step 1 – Join Kraken You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Monero (XMR) Once your deposit has been affirmed, you'll directly have access to your assets and you can start purchasing and trading. To purchase Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. In order to find Monero (XMR), you will need to insert the shortname of the coin (XMR) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we have marked this too. Click on “XMR/BTC” to go ahead.
Step 4 – Purchase (XMR) Monero As soon as you have located (XMR) Monero, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order. The “Price” field will be filled with the most latest rate (XMR) Monero was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of XMR you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of XMR. If you are satisfied, click on “Buy XMR”. Your plan will be filled when a Vender trades their XMR for the price you offered.
Step 5 – Withdraw Monero (XMR) Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. To withdraw your (XMR) Monero, hover over the “Funds” tab and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Drop in the amount of (XMR) Monero you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.