A Step-by-Step-Guide on how to buy Monero (XMR) in Czechia
Step 1 – Join Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (XMR) Monero As soon as your deposit has been verified, you'll instantly have access to your funds and you can launch purchasing and trading. To purchase Monero (XMR) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find (XMR) Monero, you will need to insert the shortname of the coin (XMR) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we've marked this also. Click on “XMR/BTC” to progress.
Step 4 – Buy Monero (XMR) Once you have spotted (XMR) Monero, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our Limit Order. The “Price” field will be automatically filled with the most latest valuation (XMR) Monero was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of XMR you like to buy. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of XMR. When you are happy, click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. To take off your (XMR) Monero, hover over the “Funds” tab and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Put into the quantity of Monero (XMR) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.