A Step-by-Step-Guide on how to buy Monero (XMR) in Niue
Step 1 – Join Kraken You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. 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 Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Monero (XMR) As soon as your deposit has been affirmed, you'll now have access to your assets and you can launch invest and trading. To purchase Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Monero (XMR), you will need to put the shortname of the coin (XMR) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “XMR/BTC” to go ahead.
Step 4 – Buy Monero (XMR) Once you have spotted Monero (XMR), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price (XMR) Monero was sold for. This can be changed to your preferred rate. The “Amount” field is the amount of XMR you like to purchase. The “Total” field is the total price in BTC that you will settle for the whole volumen of XMR. When you are satisfied, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Seller trades their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. In order to withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Put into the amount of Monero (XMR) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click on “Submit”. You may be asked for verfication via email/phone before a take off.