How to Buy Monero (XMR) in Singapore

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

Step 1 – Join Kraken

You will first need to purchase one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Monero (XMR) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can initiate buying and trading. To invest in (XMR) Monero on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover (XMR) Monero, you'll need to put the short name of the asset (XMR) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've marked this too. Click on “XMR/BTC” to advance.

Step 4 – Buying (XMR) Monero

As soon as you have discovered (XMR) Monero, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order.

The “Price” field will be filled automatically with the most recent tariff Monero (XMR) was sold for. This can be changed to your preferred price. The “Amount” field is the quantity of XMR you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of XMR.

If you are happy, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Seller sells their XMR for the price you introduced.

Step 5 – Withdraw Monero (XMR)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. In order to take off your Monero (XMR), go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Kudos! You have successfully purchased and stored Monero (XMR) in Singapore.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the Monero (XMR) is stored within your wallet, you're finished.