A Step-by-Step-Guide on how to buy Monero (XMR) in Virgin Islands
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find (XMR) Monero As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can start invest and trading. To invest in (XMR) Monero on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To spot Monero (XMR), you'll need to put the shortname of the coin (XMR) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we have highlighted this too. Click on “XMR/BTC” to continue.
Step 4 – Purchase (XMR) Monero After you've spotted Monero (XMR), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest price Monero (XMR) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of XMR you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole quantity of XMR. When you're glad, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Seller trades their XMR for the price you introduced.
Step 5 – Withdraw Monero (XMR) Unless you are trading, you should never keepyour crypto coins on an Exchange for an extended time period. In order to withdraw your (XMR) Monero, go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Enter the amount of (XMR) Monero you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.