A Step-by-Step-Guide on how to buy Monero (XMR) in Seychelles
Step 1 – Signup to Kraken You will first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have 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 Exchange? (Just follow this how-to) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find (XMR) Monero Once your deposit has been affirmed, you'll immediately have access to your finances and you can start invest and trading. To buy (XMR) Monero on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To discover (XMR) Monero, you'll need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've marked this also. Click on “XMR/BTC” to go on.
Step 4 – Purchase Monero (XMR) After you've spotted (XMR) Monero, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the recent valuation Monero (XMR) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XMR you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of XMR. If you are happy, click on “Buy XMR”. Your order will be filled as soon as a Seller sells their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you're frequently trading, you should never keepyour coins on an Exchange for an extended time period. To withdraw your Monero (XMR), go to the “Funds” tab and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Enter the volumen of Monero (XMR) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.