A Step-by-Step-Guide on how to buy Monero (XMR) in Israel
Step 1 – Signup to CEX.io You will first need to purchase one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (XMR) Monero Once your deposit has been approved, you'll immediately have access to your finances and you can initiate purchasing and trading. To buy (XMR) Monero on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To spot Monero (XMR), you'll need to put the cointype (XMR) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “XMR/BTC” to go ahead.
Step 4 – Buy Monero (XMR) After you have located Monero (XMR), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The “Price” field will be filled automatically with the most latest tariff (XMR) Monero was traded for. You can change this to your preferred price. The “Amount” field is the quantity of XMR you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of XMR. If you're happy, click on “Buy XMR”. Your plan will be filled when a Vender trades their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an longer time period. In order to take off your Monero (XMR), go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Put into the amount of (XMR) Monero you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.