How to Buy Monero (XMR) in Russia

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome $10.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate Monero (XMR)

As soon as your deposit has been affirmed, you will now have access to your funds and you can begin invest and trading. To purchase Monero (XMR) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To find (XMR) Monero, you will need to insert the cointype (XMR) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we've highlighted this also. Click on “XMR/BTC” to proceed.

Step 4 – Purchase Monero (XMR)

Once you have found Monero (XMR), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our Limit Order.

The field with the “Price” tag will be filled automatically 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 like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of XMR.

When you're glad, click on “Buy XMR”. Your plan will be filled when a Vender sells their XMR for the price you gave.

Step 5 – Withdraw (XMR) Monero

Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. To take off your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are glad, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congrats! You've successfully bought and safed (XMR) Monero in Russia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Monero (XMR) is stored within your wallet, you are all done.