A Step-by-Step-Guide on how to buy Monero (XMR) in Zimbabwe
Step 1 – Join Kraken You'll first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Monero (XMR) Once your deposit has been approved, you will directly have access to your finances and you can commence 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 spot Monero (XMR), you will need to put the cointype (XMR) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we have marked this also. Click on “XMR/BTC” to continue.
Step 4 – Acquisition of Monero (XMR) Once you've located (XMR) Monero, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The “Price” field will be automatically filled with the most latest rate (XMR) Monero was sold for. You can change this to your favoured price. The “Amount” field is the quantity of XMR you wish to purchase. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of XMR. When you are satisfied, click on “Buy XMR”. Your plan will be filled when a Vender trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. To withdraw your Monero (XMR), go to the tab called “Funds” and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Put into the volumen of (XMR) Monero you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.