A Step-by-Step-Guide on how to buy Monero (XMR) in Italy
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Monero (XMR) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (XMR) Monero Once your deposit has been verified, you'll now have access to your assets and you can launch purchasing and trading. To buy Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find (XMR) Monero, you will need to put the short name of the asset (XMR) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “XMR/BTC” to advance.
Step 4 – Purchasing Monero (XMR) After you have discovered Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our Limit Order. The “Price” field will be automatically filled with the recent rate Monero (XMR) was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of XMR you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of XMR. When you're glad, 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're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. To withdraw your (XMR) Monero, go to the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Put into the amount of Monero (XMR) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.