How to Buy Monero (XMR) in Madagascar

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first Bitcoin or Ethereum.

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

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 illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find (XMR) Monero

As soon as your deposit has been confirmed, you will immediately have access to your finances and you can launch buying and trading. To purchase Monero (XMR) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

To find (XMR) Monero, you'll need to put the short name of the asset (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this also. Click on “XMR/BTC” to go on.

Step 4 – Purchasing (XMR) Monero

After you've found Monero (XMR), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we are creating our Limit Order.

The “Price” field will be filled with the most recent tariff (XMR) Monero was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of XMR you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of XMR.

When you're satisfied, make a mouse 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 are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the given drop-down box. Put into the quantity of (XMR) Monero you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

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

Congratulations! You have successfully bought and safed (XMR) Monero in Madagascar.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you have proved your take off using Ethplorer.io or Etherscan.io and the (XMR) Monero is stored in your wallet, you are finished.