How to Buy Monero (XMR) in Nicaragua

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

Step 1 – Signup to Kraken

You will first need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find Monero (XMR)

As soon as your deposit has been approved, you will immediately have access to your assets and you can begin purchasing and trading. To invest in (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

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 graphic. Make sure you have selected the right grouping, we've marked this also. Click on “XMR/BTC” to go ahead.

Step 4 – Acquisition of (XMR) Monero

After you have spotted (XMR) Monero, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to create our Limit Order.

The “Price” field will be filled automatically with the most latest tariff Monero (XMR) was traded for. You can change this to your desired rate. The “Amount” field is the quantity of XMR you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of XMR.

When you're satisfied, make a mouse 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 Monero (XMR)

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extensive period of time. To withdraw your Monero (XMR), go to the “Funds” tab 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. Enter the quantity of Monero (XMR) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored (XMR) Monero in Nicaragua.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the Monero (XMR) is stored in your wallet, you're done.