A Step-by-Step-Guide on how to buy Monero (XMR) in Rwanda
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Monero (XMR) As soon as your deposit has been approved, you will immediately have access to your assets and you can launch invest and trading. To invest in (XMR) Monero on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate (XMR) Monero, you will need to put the shortname of the coin (XMR) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have marked this also. Click on “XMR/BTC” to continue.
Step 4 – Purchase (XMR) Monero As soon as you've located Monero (XMR), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff Monero (XMR) was traded for. You can change this to your desired price. The “Amount” field is the quantity of XMR you wish to purchase. The “Total” field is the whole price in BTC that you'll pay for the complete amount of XMR. When you are satisfied, make a mouse click on “Buy XMR”. Your order will be filled when a Vendor sells their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Drop in the amount of Monero (XMR) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.