How to Buy Monero (XMR) in Dominica

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and getting your first 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been verified, you'll now have access to your assets and you can start buying and trading. To buy Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to discover Monero (XMR), you'll need to put the short name of the asset (XMR) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “XMR/BTC” to proceed.

Step 4 – Purchasing (XMR) Monero

Once you've discovered (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our own Limit Order.

The field with the “Price” tag will be filled with the most latest price Monero (XMR) was sold for. You can change this to your desired price. The “Amount” field is the quantity of XMR you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of XMR.

If you're satisfied, click on “Buy XMR”. Your plan will be filled as soon as a Vendor sells their XMR for the price you submitted.

Step 5 – Withdraw Monero (XMR)

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time frame. In order to take off your (XMR) Monero, 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)

Find Monero (XMR) by using the provided drop-down box. Drop in the volumen of (XMR) Monero you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You've successfully purchased and safed (XMR) Monero in Dominica.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Monero (XMR) is safe in your wallet, you are done.