A Step-by-Step-Guide on how to buy Monero (XMR) in Denmark
Step 1 – Join Kraken In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Monero (XMR) As soon as your deposit has been confirmed, you'll directly have access to your finances and you can launch purchasing and trading. To buy Monero (XMR) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. To spot (XMR) Monero, you'll need to put the shortname of the coin (XMR) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we've highlighted this also. Click on “XMR/BTC” to continue.
Step 4 – Acquisition of Monero (XMR) As soon as you have spotted Monero (XMR), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our own Limit Order. The “Price” field will be filled automatically with the most recent valuation Monero (XMR) was traded for. You can change this to your favoured rate. The “Amount” field is the amount of XMR you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole quantity of XMR. If you're happy, 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 are trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive time frame. To withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Enter the quantity of Monero (XMR) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.