A Step-by-Step-Guide on how to buy Monero (XMR) in Kuwait
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (XMR) Monero As soon as your deposit has been verified, you'll directly have access to your assets and you can initiate purchasing and trading. To buy Monero (XMR) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. To locate (XMR) Monero, you will need to insert the shortname of the coin (XMR) into the search box, which is marked in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “XMR/BTC” to proceed.
Step 4 – Buying Monero (XMR) After you have discovered Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the latest valuation Monero (XMR) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XMR you want to purchase. The “Total” field is the total price in BTC that you'll pay for the complete quantity of XMR. If you are glad, make a mouse click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extended period of time. To withdraw your Monero (XMR), hover over the tab called “Funds” and click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the provided drop-down box. Put into the volumen of (XMR) Monero you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.