A Step-by-Step-Guide on how to buy Monero (XMR) in Qatar
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your first Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Monero (XMR) Once your deposit has been approved, you'll instantly have access to your finances and you can launch purchasing and trading. To purchase (XMR) Monero on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to discover (XMR) Monero, you'll need to insert the shortname of the coin (XMR) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “XMR/BTC” to advance.
Step 4 – Acquisition of Monero (XMR) As soon as you've spotted Monero (XMR), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our Limit Order. The “Price” field will be filled with the recent valuation (XMR) Monero was sold for. You can change this to your preferred price. The “Amount” field is the quantity of XMR you want to buy. The “Total” field is the whole price in BTC that you'll settle for the whole quantity of XMR. When you are glad, make a mouse click on “Buy XMR”. Your plan will be filled when a Vendor sells their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Put into the amount of Monero (XMR) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.