A Step-by-Step-Guide on how to buy Monero (XMR) in Mauritius
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your first 10$.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Monero (XMR) Once your deposit has been approved, you'll now have access to your assets and you can begin buying and trading. To invest in (XMR) Monero on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to find (XMR) Monero, you'll need to put the cointype (XMR) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we've highlighted this also. Click on “XMR/BTC” to continue.
Step 4 – Acquisition of (XMR) Monero Once you've found (XMR) Monero, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order. The “Price” field will be filled automatically with the up-to-date price Monero (XMR) was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of XMR you like to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of XMR. When you are glad, make a mouse click on “Buy XMR”. Your order will be filled when a Vender trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Monero (XMR), hover over the “Funds” tab and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Put into the amount of Monero (XMR) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.