A Step-by-Step-Guide on how to buy Monero (XMR) in Mauritania
Step 1 – Join Kraken You will first need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Monero (XMR) Once your deposit has been affirmed, you'll now have access to your funds and you can initiate buying and trading. To invest in (XMR) Monero on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search-box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “XMR/BTC” to progress.
Step 4 – Purchase (XMR) Monero After you have found (XMR) Monero, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our Limit Order. The “Price” field will be automatically filled with the recent tariff Monero (XMR) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XMR you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole quantity of XMR. If you're happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vender sells their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Monero (XMR), hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Drop in the quantity of Monero (XMR) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.