How to Buy Monero (XMR) in Micronesia

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your welcome 10$.

Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate Monero (XMR)

Once your deposit has been verified, you'll directly have access to your funds and you can initiate invest and trading. To invest in (XMR) Monero on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot (XMR) Monero, you'll need to insert the shortname of the coin (XMR) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this also. Click on “XMR/BTC” to advance.

Step 4 – Buying (XMR) Monero

After you've discovered Monero (XMR), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation (XMR) Monero was traded for. You can change this to your favoured rate. The “Amount” field is the amount of XMR you want to buy. The “Total” field is the total price in BTC that you'll settle for the complete amount of XMR.

If you are glad, click on “Buy XMR”. Your order will be filled when a Vender sells their XMR for the price you introduced.

Step 5 – Withdraw (XMR) Monero

Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your (XMR) Monero, hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the given drop-down box. Put into the volumen of (XMR) Monero you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Congratulations! You've successfully bought and stored Monero (XMR) in Micronesia.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (XMR) Monero is safe within your wallet, you are done.