A Step-by-Step-Guide on how to buy Monero (XMR) in Nepal
Step 1 – Signup to Kraken You'll first need to purchase one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Monero (XMR) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate Monero (XMR) Once your deposit has been confirmed, you will directly have access to your assets and you can commence invest and trading. To buy (XMR) Monero on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (XMR) Monero, you'll need to put the short name of the asset (XMR) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've highlighted this also. Click on “XMR/BTC” to go ahead.
Step 4 – Buying Monero (XMR) As soon as you've discovered (XMR) Monero, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to create our Limit Order. The “Price” field will be filled with the up-to-date tariff Monero (XMR) was traded for. You can change this to your preferred price. The “Amount” field is the volumen of XMR you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of XMR. If you're happy, click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. To take off your (XMR) Monero, hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Drop in the amount of Monero (XMR) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click “Submit”. You could be requested for email/phone verification before a take off.