A Step-by-Step-Guide on how to buy Monero (XMR) in Norway
Step 1 – Signup to Kraken You'll first need to purchase one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and to get your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find (XMR) Monero As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can start buying and trading. To buy (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To discover Monero (XMR), you'll need to put the short name of the asset (XMR) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “XMR/BTC” to continue.
Step 4 – Buy Monero (XMR) After you've located Monero (XMR), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're making our own Limit Order. The “Price” field will be automatically filled with the latest price (XMR) Monero was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of XMR you want to purchase. The “Total” field is the whole price in BTC that you will pay for the whole amount of XMR. When you're satisfied, click on “Buy XMR”. Your order will be filled as soon as a Vender trades their XMR for the price you offered.
Step 5 – Withdraw Monero (XMR) Unless you're trading, best advise is not to keep your crypto on an Exchange for an longer time period. In order to withdraw your (XMR) Monero, go to the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Put into the quantity of Monero (XMR) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.