A Step-by-Step-Guide on how to buy Monero (XMR) in Sint Maarten
Step 1 – Signup to Kraken You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (XMR) Monero Once your deposit has been verified, you'll now have access to your finances and you can commence buying and trading. To buy Monero (XMR) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find (XMR) Monero, you'll need to put the shortname of the coin (XMR) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “XMR/BTC” to proceed.
Step 4 – Acquisition of Monero (XMR) After you have spotted Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our 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 volumen of XMR you like to buy. The “Total” field is the whole price in BTC that you will pay for the complete amount of XMR. When you are happy, make a mouse click on “Buy XMR”. Your order will be filled when a Vendor trades their XMR for the price you submitted.
Step 5 – Withdraw Monero (XMR) Unless you are regularly trading, best advise is not to keep coins on an Exchange for an extended time period. To take off your (XMR) Monero, go to the tab called “Funds” and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Put into the volumen of (XMR) Monero you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click on “Submit”. You may be requested for email/phone verification ahead of a take off.