A Step-by-Step-Guide on how to buy Monero (XMR) in Togo
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need 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 sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Monero (XMR) As soon as your deposit has been approved, you will now have access to your finances and you can commence buying and trading. To purchase Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. In order to spot Monero (XMR), you'll need to insert the short name of the asset (XMR) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “XMR/BTC” to proceed.
Step 4 – Buy Monero (XMR) As soon as you have discovered Monero (XMR), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the recent rate (XMR) Monero was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of XMR you like to purchase. The “Total” field is the total price in BTC that you will settle for the complete volumen of XMR. If you are happy, click on “Buy XMR”. Your plan will be filled as soon as a Vender trades their XMR for the price you introduced.
Step 5 – Withdraw Monero (XMR) Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an extended time period. In order to withdraw your (XMR) Monero, go to the tab called “Funds” 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 given drop-down box. Put into the amount of (XMR) Monero you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.