A Step-by-Step-Guide on how to buy Monero (XMR) in Guatemala
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Monero (XMR) Once your deposit has been affirmed, you will immediately have access to your funds and you can initiate buying and trading. To buy Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. In order to discover (XMR) Monero, you will need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this too. Click on “XMR/BTC” to go ahead.
Step 4 – Acquisition of Monero (XMR) After you've discovered (XMR) Monero, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be filled with the recent price (XMR) Monero was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of XMR you want to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete quantity of XMR. If you're glad, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vender trades their XMR for the price you introduced.
Step 5 – Withdraw Monero (XMR) Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your Monero (XMR), go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Drop in the quantity of (XMR) Monero you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a take off.