How to Buy Monero (XMR) in Russia

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) 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 identical. Monero (XMR) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

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

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

Step 3 – Locate (XMR) Monero

Once your deposit has been affirmed, you'll now have access to your finances and you can initiate purchasing and trading. To buy Monero (XMR) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

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

Step 4 – Buying Monero (XMR)

As soon as you have found (XMR) Monero, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're creating our Limit Order.

The “Price” field will be filled automatically with the recent rate (XMR) Monero was sold for. This can be changed to your desired price. The “Amount” field is the volumen of XMR you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of XMR.

When you are happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vendor trades their XMR for the price you submitted.

Step 5 – Withdraw (XMR) Monero

Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To withdraw your Monero (XMR), go to the tab called “Funds” and click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click on “Submit”. You may be requested for verfication via email/phone before a take off.

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (XMR) Monero is stored in your wallet, you are done.