A Step-by-Step-Guide on how to buy Monero (XMR) in Vietnam
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Monero (XMR) Once your deposit has been approved, you will now have access to your assets and you can start invest and trading. To invest in Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to locate Monero (XMR), you will need to put the shortname of the coin (XMR) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “XMR/BTC” to progress.
Step 4 – Purchasing (XMR) Monero Once you have found Monero (XMR), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff (XMR) Monero was traded for. This can be changed to your favoured rate. 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 will settle for the whole quantity of XMR. When you are happy, make a mouse click on “Buy XMR”. Your plan will be filled when a Vendor sells their XMR for the price you offered.
Step 5 – Withdraw Monero (XMR) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the given drop-down box. Put into the quantity of (XMR) Monero you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.