A Step-by-Step-Guide on how to buy Monero (XMR) in Sweden
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and receive your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an 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 similar. Monero (XMR) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate (XMR) Monero As soon as your deposit has been approved, you will instantly have access to your funds and you can start purchasing and trading. To invest in (XMR) Monero on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Monero (XMR), you'll need to put the shortname of the coin (XMR) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this also. Click on “XMR/BTC” to continue.
Step 4 – Buying (XMR) Monero Once you have discovered (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're making our Limit Order. The “Price” field will be filled with the latest price (XMR) Monero was sold for. You can change this to your desired price. The “Amount” field is the amount of XMR you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of XMR. If you are glad, 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're frequently trading, never keep your crypto on an Crypto Exchange for an longer period of time. To take off your Monero (XMR), hover over the tab called “Funds” and 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. Put into the amount of (XMR) Monero you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.