A Step-by-Step-Guide on how to buy Monero (XMR) in Tuvalu
Step 1 – Join Kraken In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Monero (XMR) As soon as your deposit has been affirmed, you will directly have access to your assets and you can launch buying and trading. To buy Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (XMR) Monero, you'll need to insert the short name of the asset (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we have marked this too. Click on “XMR/BTC” to advance.
Step 4 – Buy (XMR) Monero As soon as you've found Monero (XMR), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the recent price Monero (XMR) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of XMR you want to buy. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of XMR. When 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 (XMR) Monero Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Drop in the volumen of Monero (XMR) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone before a take off.