How to Buy Monero (XMR) in Libya

A Step-by-Step-Guide on how to buy Monero (XMR) in Libya

Step 1 – Join Kraken

You'll first need to buy units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been affirmed, you'll 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 “Exchange” tab and then mouse click on “Basic”.

In order to find Monero (XMR), you will need to insert the shortname of the coin (XMR) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've highlighted this too. Click on “XMR/BTC” to go on.

Step 4 – Acquisition of (XMR) Monero

As soon as you've spotted Monero (XMR), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The “Price” field will be automatically filled with the recent tariff (XMR) Monero was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of XMR you want to purchase. The “Total” field is the whole price in BTC that you will settle for the complete quantity of XMR.

When you're satisfied, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vendor trades their XMR for the price you introduced.

Step 5 – Withdraw Monero (XMR)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time period. To take off your Monero (XMR), go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XMR) Monero by using the provided drop-down box. Put into the volumen of (XMR) Monero you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are glad, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Kudos! You have successfully purchased and safed (XMR) Monero in Libya.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the Monero (XMR) is stored within your wallet, you're done.