A Step-by-Step-Guide on how to buy Monero (XMR) in Morocco
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has 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 sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (XMR) Monero Once your deposit has been approved, you'll immediately have access to your finances and you can initiate purchasing and trading. To buy (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To spot (XMR) Monero, you will need to insert the short name of the asset (XMR) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “XMR/BTC” to continue.
Step 4 – Buying (XMR) Monero As soon as you've discovered Monero (XMR), 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 field with the “Price” tag will be filled automatically with the most latest price Monero (XMR) was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of XMR you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete quantity of XMR. When you are happy, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Seller sells their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you're trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your Monero (XMR), go to the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the volumen of (XMR) Monero you would wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.