A Step-by-Step-Guide on how to buy Monero (XMR) in Kosovo
Step 1 – Signup to Kraken You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find (XMR) Monero Once your deposit has been verified, you will immediately have access to your funds and you can initiate purchasing and trading. To buy Monero (XMR) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find (XMR) Monero, you will need to put the cointype (XMR) into the search box, which is marked in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “XMR/BTC” to go on.
Step 4 – Acquisition of (XMR) Monero Once you have discovered (XMR) Monero, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price (XMR) Monero was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of XMR you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of XMR. If you're satisfied, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time period. To take off your Monero (XMR), hover over the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the given drop-down box. Drop in the quantity of (XMR) Monero you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.