How to Buy Monero (XMR) in Malaysia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate Monero (XMR)

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

In order to discover (XMR) Monero, you'll need to put the short name of the asset (XMR) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we've highlighted this also. Click on “XMR/BTC” to advance.

Step 4 – Buying Monero (XMR)

After you've spotted (XMR) Monero, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation (XMR) Monero was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of XMR you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of XMR.

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

Step 5 – Withdraw (XMR) Monero

Unless you are trading, never keep your crypto on an Crypto Exchange for an extended time frame. In order to withdraw your Monero (XMR), go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the given drop-down box. Put into the volumen of Monero (XMR) you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Kudos! You've successfully bought and safed (XMR) Monero in Malaysia.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the (XMR) Monero is stored in your wallet, you're finished.