A Step-by-Step-Guide on how to buy Monero (XMR) in Mauritius
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (XMR) Monero As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin buying and trading. To buy Monero (XMR) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to find Monero (XMR), you'll need to put the shortname of the coin (XMR) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we have marked this too. Click on “XMR/BTC” to continue.
Step 4 – Buy (XMR) Monero Once you have spotted (XMR) Monero, you will be given 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 own Limit Order. The “Price” field will be automatically filled with the most up-to-date price (XMR) Monero was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of XMR you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete volumen of XMR. When you are satisfied, click on “Buy XMR”. Your plan will be filled when a Vendor sells their XMR for the price you submitted.
Step 5 – Withdraw Monero (XMR) Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. To withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the quantity of (XMR) Monero you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You could be asked for phone/email verification before a take off.