A Step-by-Step-Guide on how to buy Monero (XMR) in Saint Martin
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Monero (XMR) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Monero (XMR) Once your deposit has been confirmed, you'll immediately have access to your funds and you can initiate purchasing and trading. To buy Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. In order to find Monero (XMR), you'll need to insert the short name of the asset (XMR) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have marked this also. Click on “XMR/BTC” to continue.
Step 4 – Acquisition of Monero (XMR) After you have located (XMR) Monero, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the recent price Monero (XMR) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of XMR you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of XMR. When you are glad, make a mouse click on “Buy XMR”. Your plan will be filled when a Vender trades their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the given drop-down box. Enter the amount of Monero (XMR) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.