A Step-by-Step-Guide on how to buy Monero (XMR) in Cameroon
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your welcome 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. 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? (Just follow these easy steps) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (XMR) Monero As soon as your deposit has been verified, you will directly have access to your finances and you can commence invest and trading. To buy (XMR) Monero on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to locate Monero (XMR), you will need to put the cointype (XMR) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this too. Click on “XMR/BTC” to go ahead.
Step 4 – Buying Monero (XMR) As soon as you've discovered Monero (XMR), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our Limit Order. The “Price” field will be filled automatically with the latest price Monero (XMR) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of XMR you like to buy. The “Total” field is the whole price in BTC that you will settle for the whole quantity of XMR. If you're happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Seller sells their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. In order to take off your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Enter the volumen of Monero (XMR) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.