A Step-by-Step-Guide on how to buy Monero (XMR) in French Polynesia
Step 1 – Join Kraken You'll first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has 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? (Follow this how-to) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Monero (XMR) As soon as your deposit has been approved, you will instantly have access to your funds and you can initiate buying and trading. To buy (XMR) Monero on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Monero (XMR), you will need to put the short name of the asset (XMR) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have marked this also. Click on “XMR/BTC” to go ahead.
Step 4 – Acquisition of Monero (XMR) As soon as you have spotted (XMR) Monero, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The “Price” field will be filled with the most recent price Monero (XMR) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of XMR you like to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of XMR. When you are glad, make a mouse click on “Buy XMR”. Your order will be filled when 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 crypto coins on an Exchange for an longer period of time. To withdraw your (XMR) Monero, go to the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the given drop-down box. Put into the volumen of Monero (XMR) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You could be asked for phone/email verification before a take off.