How to Buy Monero (XMR) in Turkey

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and to get your welcome Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been verified, you'll instantly have access to your assets and you can start invest and trading. To purchase (XMR) Monero on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find (XMR) Monero, you'll need to put the cointype (XMR) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we've highlighted this too. Click on “XMR/BTC” to continue.

Step 4 – Purchase (XMR) Monero

After you have discovered Monero (XMR), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation (XMR) Monero was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of XMR you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of XMR.

If you are glad, click on “Buy XMR”. Your plan will be filled as soon as a Vendor 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 Cryptocurrency Exchange for an extensive time period. To withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the provided drop-down box. Drop in the volumen of Monero (XMR) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click “Submit”. You could be requested for phone/email verification before a take off.

Congrats! You've successfully purchased and stored (XMR) Monero in Turkey.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (XMR) Monero is safe inside your wallet, you are all done.