A Step-by-Step-Guide on how to buy Monero (XMR) in Namibia
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Monero (XMR) Once your deposit has been affirmed, you'll now have access to your finances and you can launch purchasing and trading. To buy Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. In order to discover (XMR) Monero, you'll need to insert the short name of the asset (XMR) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we've highlighted this also. Click on “XMR/BTC” to continue.
Step 4 – Buying Monero (XMR) Once you have spotted Monero (XMR), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The “Price” field will be filled with the most up-to-date tariff Monero (XMR) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of XMR you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of XMR. If you're satisfied, click on “Buy XMR”. Your order will be filled when a Vender trades their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you're trading, never keep your coins on an Crypto Trader for an longer time period. To take off your Monero (XMR), hover over the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Put into the amount of Monero (XMR) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.