How to Buy Monero (XMR) in San Marino

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and getting your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (XMR) Monero

Once your deposit has been affirmed, you will immediately have access to your assets and you can start purchasing and trading. To buy (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

To locate (XMR) Monero, you'll need to insert 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 proceed.

Step 4 – Buying Monero (XMR)

After you've discovered Monero (XMR), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order.

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

When you're satisfied, click on “Buy XMR”. Your order will be filled when a Vendor trades their XMR for the price you offered.

Step 5 – Withdraw Monero (XMR)

Unless you're trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive period of time. To take off your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XMR) Monero by using the given drop-down box. Enter the quantity of (XMR) Monero you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You have successfully purchased and safed (XMR) Monero in San Marino.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (XMR) Monero is stored inside your wallet, you are all done.