A Step-by-Step-Guide on how to buy Monero (XMR) in El Salvador
Step 1 – Signup to Kraken You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Monero (XMR) As soon as your deposit has been verified, you will now have access to your funds and you can start invest and trading. To purchase (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. To discover (XMR) Monero, you will need to put the cointype (XMR) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “XMR/BTC” to advance.
Step 4 – Buy (XMR) Monero Once you've found Monero (XMR), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our Limit Order. The “Price” field will be filled automatically with the latest price Monero (XMR) was sold for. You can change this to your desired rate. The “Amount” field is the volumen of XMR you like to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole volumen of XMR. When you're glad, click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you're regularly trading, you should never keepyour crypto on an Exchange for an longer time frame. To withdraw your Monero (XMR), go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the provided drop-down box. Put into the quantity of Monero (XMR) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click “Submit”. You could be requested for verfication via email/phone before a take off.