A Step-by-Step-Guide on how to buy Monero (XMR) in Finland
Step 1 – Join Kraken You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Monero (XMR) As soon as your deposit has been affirmed, you will now have access to your assets and you can commence invest and trading. To invest in (XMR) Monero on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. To find (XMR) Monero, you'll need to insert the shortname of the coin (XMR) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this also. Click on “XMR/BTC” to proceed.
Step 4 – Buying Monero (XMR) As soon as you've found 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 image). For now we are going to create our Limit Order. The “Price” field will be automatically filled with the most up-to-date rate (XMR) Monero was sold for. You can change this to your desired rate. The “Amount” field is the amount of XMR you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of XMR. When you are glad, make a mouse click on “Buy XMR”. Your order will be filled when a Seller sells their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you are frequently trading, best advise is not to keep 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 stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Enter the amount of (XMR) Monero you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.