A Step-by-Step-Guide on how to buy Monero (XMR) in West Bank
Step 1 – Signup to Kraken You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find Monero (XMR) Once your deposit has been approved, you'll instantly have access to your finances and you can commence 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”. To discover (XMR) Monero, you'll need to insert the shortname of the coin (XMR) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “XMR/BTC” to advance.
Step 4 – Buying (XMR) Monero After you've found (XMR) Monero, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are making our own Limit Order. The “Price” field will be filled with the most up-to-date rate (XMR) Monero was sold for. This can be changed to your desired rate. The “Amount” field is the amount of XMR you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole quantity of XMR. When you're satisfied, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Seller trades their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you're trading, best advise is not to keep your crypto on an Exchange for an extended time period. In order to take off your (XMR) Monero, go to the “Funds” tab and mouse click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Put into the quantity of Monero (XMR) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.