A Step-by-Step-Guide on how to buy Monero (XMR) in Solomon Islands
Step 1 – Join Kraken You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Monero (XMR) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can begin purchasing and trading. To purchase Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To find Monero (XMR), you will need to put the shortname of the coin (XMR) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have marked this too. Click on “XMR/BTC” to go on.
Step 4 – Acquisition of (XMR) Monero Once you've located Monero (XMR), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our Limit Order. The “Price” field will be filled with the most latest rate Monero (XMR) was traded for. You can change this to your desired price. The “Amount” field is the volumen of XMR you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of XMR. When you're glad, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you introduced.
Step 5 – Withdraw Monero (XMR) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. To withdraw your Monero (XMR), hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Drop in the volumen of (XMR) Monero you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.