How to Buy Monero (XMR) in New Caledonia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Monero (XMR)

Once your deposit has been verified, you will now have access to your funds and you can begin purchasing and trading. To buy (XMR) Monero on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find Monero (XMR), you will need to insert the short name of the asset (XMR) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have highlighted this too. Click on “XMR/BTC” to advance.

Step 4 – Acquisition of Monero (XMR)

Once you have discovered (XMR) Monero, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate Monero (XMR) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of XMR you want to buy. The “Total” field is the total price in BTC that you will pay for the complete amount of XMR.

When you're glad, click on “Buy XMR”. Your plan will be filled when a Vender sells their XMR for the price you offered.

Step 5 – Withdraw Monero (XMR)

Unless you are trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time period. To take off your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XMR) Monero by using the given drop-down box. Enter the quantity of Monero (XMR) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully bought and stored (XMR) Monero in New Caledonia.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the Monero (XMR) is safe within your wallet, you're finished.