How to Buy Monero (XMR) in Uruguay

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and getting your first Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate (XMR) Monero

As soon as your deposit has been approved, you will instantly have access to your assets and you can commence purchasing and trading. To purchase Monero (XMR) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to spot (XMR) Monero, you'll need to put the cointype (XMR) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “XMR/BTC” to go ahead.

Step 4 – Buying (XMR) Monero

Once you've found (XMR) Monero, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation (XMR) Monero was sold for. This can be changed to your favoured 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.

If you're satisfied, click on “Buy XMR”. Your order will be filled as soon as a Vender trades their XMR for the price you gave.

Step 5 – Withdraw Monero (XMR)

Unless you are trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. Monero (XMR) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Monero (XMR) by using the provided drop-down box. Enter the volumen of Monero (XMR) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Kudos! You have successfully bought and stored Monero (XMR) in Uruguay.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (XMR) Monero is safe in your wallet, you're done.