A Step-by-Step-Guide on how to buy Monero (XMR) in Monaco
Step 1 – Signup to Kraken You'll first need to buy one of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Monero (XMR) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are using 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 will directly have access to your assets and you can start buying and trading. To invest in Monero (XMR) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. To spot Monero (XMR), you'll need to insert the short name of the asset (XMR) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “XMR/BTC” to advance.
Step 4 – Buy Monero (XMR) Once you've found (XMR) Monero, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order. The “Price” field will be filled automatically with the most up-to-date valuation Monero (XMR) was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of XMR you like to buy. The “Total” field is the total price in BTC that you will pay for the whole volumen of XMR. When you're satisfied, make a mouse click on “Buy XMR”. Your order will be filled when a Seller sells their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you are trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your Monero (XMR), go to the tab called “Funds” and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Enter the quantity of Monero (XMR) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.