How to Buy Monero (XMR) in Sri Lanka

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

Step 1 – Join Kraken

You'll first need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Monero (XMR) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Monero (XMR)

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can initiate purchasing and trading. To purchase Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”.

In order to find (XMR) Monero, you'll need to put the short name of the asset (XMR) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we've marked this too. Click on “XMR/BTC” to advance.

Step 4 – Purchasing Monero (XMR)

After you have found Monero (XMR), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our Limit Order.

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

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

Step 5 – Withdraw Monero (XMR)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. In order to withdraw your Monero (XMR), hover over the “Funds” tab and mouse 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. Enter the amount of (XMR) Monero you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

If you're glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully bought and safed (XMR) Monero in Sri Lanka.

That's it!

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