A Step-by-Step-Guide on how to buy Monero (XMR) in Serbia
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (XMR) Monero Once your deposit has been approved, you'll instantly have access to your funds and you can begin invest and trading. To buy (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. In order to discover (XMR) Monero, you'll need to put the cointype (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this too. Click on “XMR/BTC” to proceed.
Step 4 – Acquisition of (XMR) Monero After you have spotted Monero (XMR), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our Limit Order. The “Price” field will be filled automatically with the most latest price Monero (XMR) was traded for. You can change this to your favoured price. The “Amount” field is the quantity of XMR you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of XMR. When you're happy, make a mouse click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you submitted.
Step 5 – Withdraw Monero (XMR) Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your (XMR) Monero, hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Put into the volumen of (XMR) Monero you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.