How to Buy Monero (XMR) in Paraguay

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first Ethereum or Bitcoin.

Step 2 – Send Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (XMR) Monero

As soon as your deposit has been confirmed, you will directly have access to your finances and you can initiate purchasing and trading. To invest in Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

To find (XMR) Monero, you'll need to insert the short name of the asset (XMR) into the search-box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “XMR/BTC” to advance.

Step 4 – Buy (XMR) Monero

After you have found (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our Limit Order.

The “Price” field will be filled with the most recent tariff Monero (XMR) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XMR you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of XMR.

If you are happy, click on “Buy XMR”. Your plan will be filled as soon as a Vendor sells their XMR for the price you offered.

Step 5 – Withdraw (XMR) Monero

Unless you are trading, best advise is not to keep crypto on an Exchange for an extensive period of time. In order to take off your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the given drop-down box. Enter the volumen of Monero (XMR) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

If you're satisfied, click “Submit”. You may be requested for phone/email verification before a take off.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the (XMR) Monero is safe inside your wallet, you are all done.