A Step-by-Step-Guide on how to buy Monero (XMR) in Oman
Step 1 – Signup to Kraken You will first need to buy one of the top-tier 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 BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) 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 will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Monero (XMR) As soon as your deposit has been verified, you'll directly have access to your assets and you can begin invest and trading. To buy Monero (XMR) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To find Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “XMR/BTC” to go on.
Step 4 – Purchasing (XMR) Monero As soon as you've spotted (XMR) Monero, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order. The “Price” field will be automatically filled with the up-to-date price Monero (XMR) was sold for. You can change this to your preferred price. The “Amount” field is the volumen of XMR you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of XMR. If you are happy, click on “Buy XMR”. Your plan will be filled as soon as a Vendor trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you are trading, never keep your coins on an Exchange for an extended time frame. In order to take off your Monero (XMR), hover over the “Funds” tab and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Enter the amount of Monero (XMR) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You could be requested for verfication via email/phone before a take off.