A Step-by-Step-Guide on how to buy Monero (XMR) in Niger
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and to get your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate (XMR) Monero Once your deposit has been confirmed, you will instantly have access to your assets and you can commence buying and trading. To buy Monero (XMR) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to locate (XMR) Monero, you will need to insert the cointype (XMR) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “XMR/BTC” to go on.
Step 4 – Buy (XMR) Monero As soon as you have discovered Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our Limit Order. The “Price” field will be filled automatically with the recent rate (XMR) Monero was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XMR you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of XMR. When you're glad, click on “Buy XMR”. Your order will be filled as soon as a Seller trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your (XMR) Monero, go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the quantity of Monero (XMR) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.