How to Buy Monero (XMR) in New Zealand

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

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your welcome 10 Dollar.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you've selected the correct coin you would like to deposit.

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

Step 3 – Locate (XMR) Monero

As soon as your deposit has been confirmed, you'll now have access to your finances and you can commence invest and trading. To purchase Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to discover (XMR) Monero, you will need to insert the short name of the asset (XMR) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “XMR/BTC” to continue.

Step 4 – Acquisition of (XMR) Monero

Once you have found Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent tariff (XMR) Monero was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XMR you wish to buy. The “Total” field is the whole price in BTC that you will pay for the whole amount of XMR.

If you're happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vendor sells their XMR for the price you offered.

Step 5 – Withdraw (XMR) Monero

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time period. To take off your Monero (XMR), go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (XMR) Monero by using the provided drop-down box. Drop in the volumen of Monero (XMR) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You have successfully purchased and stored (XMR) Monero in New Zealand.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the Monero (XMR) is stored within your wallet, you are finished.