How to Buy Monero (XMR) in Taiwan

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

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have 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? (Just follow this guide)

Make sure you have selected the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find Monero (XMR)

Once your deposit has been approved, you will immediately have access to your assets and you can begin invest and trading. To invest in (XMR) Monero on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to spot Monero (XMR), you will need to put the short name of the asset (XMR) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this too. Click on “XMR/BTC” to advance.

Step 4 – Buying Monero (XMR)

Once you've found (XMR) Monero, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The “Price” field will be filled automatically with the latest rate (XMR) Monero was traded for. You can change this to your preferred rate. The “Amount” field is the amount of XMR you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole quantity of XMR.

When you are satisfied, click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you introduced.

Step 5 – Withdraw Monero (XMR)

Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to take off your Monero (XMR), go to the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the provided drop-down box. Put into the volumen of (XMR) Monero you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

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

Congratulations! You have successfully bought and safed (XMR) Monero in Taiwan.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Monero (XMR) is stored inside your wallet, you are finished.