How to Buy Monero (XMR) in Mexico

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

Step 1 – Join Kraken

You will first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Not sure 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.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Monero (XMR)

Once your deposit has been affirmed, you'll instantly have access to your assets and you can launch purchasing and trading. To purchase Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find Monero (XMR), you'll need to insert the cointype (XMR) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “XMR/BTC” to proceed.

Step 4 – Buy (XMR) Monero

After you've found (XMR) Monero, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation (XMR) Monero was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of XMR you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of XMR.

If you are glad, click on “Buy XMR”. Your order will be filled as soon as a Seller sells their XMR for the price you submitted.

Step 5 – Withdraw (XMR) Monero

Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. In order to take off your (XMR) Monero, hover over the “Funds” tab and click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the provided drop-down box. Drop in the quantity of Monero (XMR) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Congratulations! You have successfully purchased and stored Monero (XMR) in Mexico.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (XMR) Monero is safe in your wallet, you are all done.