How to Buy Monero (XMR) in Slovakia

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

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and to get your first 10 Dollar.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

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

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are 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 immediately have access to your funds and you can commence invest and trading. To invest in Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To find Monero (XMR), you'll need to put the cointype (XMR) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “XMR/BTC” to go ahead.

Step 4 – Acquisition of (XMR) Monero

Once you have found (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 image). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest tariff (XMR) Monero was traded for. You can change this to your favoured rate. The “Amount” field is the amount of XMR you like to purchase. The “Total” field is the whole price in BTC that you'll settle for the whole quantity of XMR.

When you are glad, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vender sells their XMR for the price you submitted.

Step 5 – Withdraw (XMR) Monero

Unless you're frequently trading, never keep your crypto coins on an Exchange for an longer period of time. To take off your Monero (XMR), hover over the “Funds” tab and click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the given drop-down box. Put into the volumen of (XMR) Monero you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the Monero (XMR) is safe within your wallet, you're done.