A Step-by-Step-Guide on how to buy Monero (XMR) in Syria
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Monero (XMR) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Monero (XMR) Once your deposit has been approved, you'll immediately have access to your funds and you can commence purchasing and trading. To buy Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To discover (XMR) Monero, you will need to insert the short name of the asset (XMR) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “XMR/BTC” to go on.
Step 4 – Purchase (XMR) Monero As soon as you've spotted Monero (XMR), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff Monero (XMR) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of XMR you wish to buy. The “Total” field is the total price in Bitcoin that you will pay for the complete volumen of XMR. If you are glad, click on “Buy XMR”. Your order will be filled as soon as a Seller trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the given drop-down box. Put into the volumen of (XMR) Monero you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You could be requested for phone/email verification ahead of a withdrawal.