A Step-by-Step-Guide on how to buy Monero (XMR) in Saint Helena
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader 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 example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Monero (XMR) Once your deposit has been confirmed, you'll directly have access to your finances and you can start buying and trading. To purchase (XMR) Monero on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. In order to find Monero (XMR), you will need to insert the shortname of the coin (XMR) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we have highlighted this also. Click on “XMR/BTC” to progress.
Step 4 – Buying Monero (XMR) After you've spotted (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the recent valuation (XMR) Monero was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of XMR you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of XMR. When you're happy, click on “Buy XMR”. Your plan will be filled when a Seller trades their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extensive period of time. In order to take off your Monero (XMR), hover over the “Funds” tab and click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Drop in the volumen of (XMR) Monero you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be asked for phone/email verification ahead of a take off.