How to Buy Monero (XMR) in Switzerland

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Kraken Signup
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual)

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

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

Binance Signup

Step 3 – Find Monero (XMR)

As soon as your deposit has been approved, you will directly have access to your assets and you can start invest and trading. To purchase Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find (XMR) Monero, you will need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have marked this too. Click on “XMR/BTC” to proceed.

Step 4 – Purchasing (XMR) Monero

As soon as you've spotted (XMR) Monero, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our Limit Order.

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

If you're happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vendor trades their XMR for the price you gave.

Step 5 – Withdraw Monero (XMR)

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

Find Monero (XMR) by using the given drop-down box. Drop in the amount of (XMR) Monero you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the (XMR) Monero is safe within your wallet, you're all done.
    /* */