A Step-by-Step-Guide on how to buy Monero (XMR) in Liberia
Step 1 – Join Kraken You will first need to purchase one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. 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 these easy steps) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (XMR) Monero Once your deposit has been verified, you'll immediately have access to your funds and you can initiate purchasing and trading. To buy (XMR) Monero on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate (XMR) Monero, you'll need to insert the shortname of the coin (XMR) into the search-box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have highlighted this too. Click on “XMR/BTC” to go on.
Step 4 – Acquisition of (XMR) Monero Once you've found Monero (XMR), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff Monero (XMR) was traded for. You can change this to your desired rate. The “Amount” field is the amount of XMR you want to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole amount of XMR. When you are glad, make a mouse click on “Buy XMR”. Your order will be filled when a Vender trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an extended time frame. To take off your Monero (XMR), hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the volumen of Monero (XMR) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.