A Step-by-Step-Guide on how to buy Monero (XMR) in Senegal
Step 1 – Join Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and getting your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Monero (XMR) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find (XMR) Monero Once your deposit has been affirmed, you will now have access to your finances and you can launch buying and trading. To invest in (XMR) Monero on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find (XMR) Monero, you'll need to put the cointype (XMR) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we have marked this too. Click on “XMR/BTC” to progress.
Step 4 – Buy Monero (XMR) Once you have discovered Monero (XMR), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our Limit Order. The “Price” field will be filled with the most latest valuation (XMR) Monero was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of XMR you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of XMR. When you are glad, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vendor trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you're trading, best advise is not to keep your crypto on an Crypto Exchange for an longer period of time. To withdraw your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the given drop-down box. Drop in the volumen of Monero (XMR) you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You could be requested for email/phone verification before a withdrawal.