A Step-by-Step-Guide on how to buy Monero (XMR) in Yemen
Step 1 – Join Kraken You will first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum 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 will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Monero (XMR) As soon as your deposit has been verified, you will directly have access to your finances and you can initiate buying and trading. To buy (XMR) Monero on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find (XMR) Monero, you will need to put the short name of the asset (XMR) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “XMR/BTC” to progress.
Step 4 – Purchase Monero (XMR) Once you've located Monero (XMR), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the most recent price Monero (XMR) was sold for. This can be changed to your preferred rate. The “Amount” field is the amount of XMR you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of XMR. If you're happy, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vendor trades their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are trading, best advise is not to keep your crypto coins on an Exchange for an extensive time period. To withdraw your (XMR) Monero, go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Enter the quantity of (XMR) Monero you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via phone/email before a withdrawal.