A Step-by-Step-Guide on how to buy Monero (XMR) in Uganda
Step 1 – Signup to Kraken You'll first need to buy one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin will need to be sent over to an 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 sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find (XMR) Monero As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can start purchasing and trading. To buy (XMR) Monero on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to spot Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search-box, which is marked in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “XMR/BTC” to continue.
Step 4 – Purchasing (XMR) Monero Once you've discovered (XMR) Monero, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order. The “Price” field will be automatically filled with the recent rate (XMR) Monero was traded for. You can change this to your preferred price. The “Amount” field is the amount of XMR you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of XMR. If you're glad, click on “Buy XMR”. Your order will be filled as soon as a Vender sells their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. In order to take off your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Enter the volumen of Monero (XMR) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, click “Submit”. You may be requested for phone/email verification ahead of a take off.