A Step-by-Step-Guide on how to buy Monero (XMR) in Sao Tome And Principe
Step 1 – Join Kraken You will first need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Monero (XMR) As soon as your deposit has been affirmed, you will now have access to your finances and you can commence buying and trading. To invest in Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To find Monero (XMR), you'll need to put the short name of the asset (XMR) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have highlighted this too. Click on “XMR/BTC” to progress.
Step 4 – Buy Monero (XMR) As soon as you have spotted (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Monero (XMR) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of XMR you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of XMR. If you are happy, click on “Buy XMR”. Your order will be filled when a Seller sells their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. In order to withdraw your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the given drop-down box. Put into the volumen of (XMR) Monero you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.