A Step-by-Step-Guide on how to buy Monero (XMR) in Ukraine
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an 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 Exchange? (Just follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Monero (XMR) As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can start invest and trading. To buy Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot (XMR) Monero, you will need to put the shortname of the coin (XMR) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “XMR/BTC” to advance.
Step 4 – Acquisition of Monero (XMR) As soon as you've located (XMR) Monero, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation Monero (XMR) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of XMR you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of XMR. When you're satisfied, click on “Buy XMR”. Your order will be filled when a Vender sells their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to take off your (XMR) Monero, hover over the tab called “Funds” and click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the provided drop-down box. Put into the quantity of (XMR) Monero you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email before a take off.