How to Buy Monero (XMR) in Paraguay

A Step-by-Step-Guide on how to buy Monero (XMR) in Paraguay

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first 10$.

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been approved, you'll directly have access to your funds and you can start buying and trading. To purchase (XMR) Monero on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot Monero (XMR), you will need to put the short name of the asset (XMR) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “XMR/BTC” to go on.

Step 4 – Acquisition of (XMR) Monero

As soon as you've discovered (XMR) Monero, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we're creating our Limit Order.

The “Price” field will be filled automatically with the recent price Monero (XMR) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XMR you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of XMR.

If you are happy, make a mouse click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you introduced.

Step 5 – Withdraw (XMR) Monero

Unless you're trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time period. To take off your Monero (XMR), hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the given drop-down box. Enter the quantity of (XMR) Monero you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Congrats! You have successfully purchased and stored (XMR) Monero in Paraguay.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Monero (XMR) is stored inside your wallet, you're all done.