How to Buy Monero (XMR) in Malawi

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your welcome $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been approved, you'll now have access to your finances and you can begin purchasing and trading. To invest in Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

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

Step 4 – Buy (XMR) Monero

Once you have spotted Monero (XMR), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order.

The “Price” field will be automatically filled with the most recent price (XMR) Monero was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XMR you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of XMR.

If you are happy, make a mouse click on “Buy XMR”. Your order will be filled when a Vender sells their XMR for the price you offered.

Step 5 – Withdraw Monero (XMR)

Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an extended time period. In order to take off your Monero (XMR), go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click “Submit”. You could be asked for verfication via phone/email before a take off.

Congrats! You have successfully bought and stored Monero (XMR) in Malawi.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the (XMR) Monero is stored in your wallet, you are finished.