A Step-by-Step-Guide on how to buy Monero (XMR) in Saint Vincent And The Grenadines
Step 1 – Join Kraken In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Monero (XMR) As soon as your deposit has been approved, you will now have access to your assets and you can start buying and trading. To purchase (XMR) Monero on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to discover Monero (XMR), you will need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “XMR/BTC” to go on.
Step 4 – Buy Monero (XMR) Once you have found (XMR) Monero, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Monero (XMR) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of XMR you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of XMR. When you are happy, click on “Buy XMR”. Your plan will be filled when a Vender sells their XMR for the price you introduced.
Step 5 – Withdraw Monero (XMR) Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time frame. In order to withdraw your (XMR) Monero, hover over the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) 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 volumen of (XMR) Monero you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.