How to Buy Monero (XMR) in Malta

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Bitcoin or Ethereum.

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

Your BTC (Bitcoin) or ETH (Ethereum) 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 will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can launch buying and trading. To purchase (XMR) Monero on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

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 picture. Be certain of having selected the correct grouping, we have marked this also. Click on “XMR/BTC” to progress.

Step 4 – Buying (XMR) Monero

After you've discovered Monero (XMR), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our own Limit Order.

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

When you're happy, click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you submitted.

Step 5 – Withdraw Monero (XMR)

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

Locate Monero (XMR) by using the provided drop-down box. Put into the volumen of Monero (XMR) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully purchased and safed Monero (XMR) in Malta.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (XMR) Monero is stored in your wallet, you are all done.