How to Buy Monero (XMR) in Slovakia

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

Step 1 – Join Kraken

You will first need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Funds to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (XMR) Monero

Once your deposit has been approved, you will instantly have access to your funds and you can start purchasing and trading. To purchase (XMR) Monero on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover (XMR) Monero, you will need to insert the short name of the asset (XMR) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we have marked this also. Click on “XMR/BTC” to go on.

Step 4 – Buying Monero (XMR)

Once you have located (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order.

The “Price” field will be filled with the most recent tariff Monero (XMR) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of XMR you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of XMR.

When you are glad, click on “Buy XMR”. Your order will be filled when a Vendor trades their XMR for the price you gave.

Step 5 – Withdraw (XMR) Monero

Unless you're trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (XMR) Monero, go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XMR) Monero by using the provided drop-down box. Enter the volumen of (XMR) Monero you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Congratulations! You have successfully purchased and stored Monero (XMR) in Slovakia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (XMR) Monero is safe in your wallet, you are all done.