How to Buy Monero (XMR) in Mozambique

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

Step 1 – Signup to Kraken

You'll first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin 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 opposed (Just follow our how-to).

Step 3 – Locate Monero (XMR)

As soon as your deposit has been verified, you'll now have access to your assets and you can commence buying and trading. To invest in Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to find (XMR) Monero, you will need to put the short name of the asset (XMR) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “XMR/BTC” to continue.

Step 4 – Purchasing (XMR) Monero

As soon as you've located Monero (XMR), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

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

If you're satisfied, click on “Buy XMR”. Your plan will be filled when a Vendor sells their XMR for the price you introduced.

Step 5 – Withdraw (XMR) Monero

Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored securely 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 like to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you're glad, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the Monero (XMR) is stored in your wallet, you're finished.