A Step-by-Step-Guide on how to buy Monero (XMR) in Uzbekistan
Step 1 – Join Kraken You will first need to purchase one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency 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 Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find (XMR) Monero As soon as your deposit has been approved, you will immediately have access to your finances and you can begin purchasing and trading. To purchase Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to find (XMR) Monero, you will need to insert the shortname of the coin (XMR) into the search box, which is marked in the image. Be certain of having selected the correct grouping, we have highlighted this too. Click on “XMR/BTC” to proceed.
Step 4 – Purchase Monero (XMR) As soon as you've found (XMR) Monero, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The “Price” field will be filled with the up-to-date tariff (XMR) Monero was sold for. You can change this to your desired price. The “Amount” field is the volumen of XMR you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of XMR. If you are happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, you should never keepyour coins on an Exchange for an longer period of time. To withdraw your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Monero (XMR) by using the given drop-down box. Enter the volumen of (XMR) Monero you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.