How to Buy Monero (XMR) in Cook Islands

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

Step 1 – Join Kraken

You'll first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has 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're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Monero (XMR)

As soon as your deposit has been confirmed, you'll directly have access to your assets and you can launch purchasing and trading. To buy (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

To find Monero (XMR), you'll need to put the cointype (XMR) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “XMR/BTC” to advance.

Step 4 – Buying (XMR) Monero

As soon as you've spotted Monero (XMR), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate Monero (XMR) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of XMR you want to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of XMR.

If you're satisfied, make a mouse click on “Buy XMR”. Your plan will be filled when a Vendor sells their XMR for the price you offered.

Step 5 – Withdraw Monero (XMR)

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time period. In order to take off 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. Put into the quantity of Monero (XMR) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.

Kudos! You've successfully purchased and stored (XMR) Monero in Cook Islands.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (XMR) Monero is stored in your wallet, you are all done.
/* */