A Step-by-Step-Guide on how to buy Monero (XMR) in Pakistan
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive your first Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. 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 Exchange? (Follow this how-to) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (XMR) Monero Once your deposit has been approved, you'll directly have access to your funds and you can start buying and trading. To purchase Monero (XMR) on Binance, you'll want to hover over the tab which is called “Exchange” and then 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. Be certain of having selected the right pairing, we have highlighted this also. Click on “XMR/BTC” to proceed.
Step 4 – Buying (XMR) Monero After you've discovered (XMR) Monero, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the most recent tariff Monero (XMR) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of XMR you want to buy. The “Total” field is the aggregated price in BTC that you will pay for the whole amount of XMR. When you're happy, make a mouse click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you submitted.
Step 5 – Withdraw Monero (XMR) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended period of time. To take off your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Drop in the volumen of (XMR) Monero you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.