A Step-by-Step-Guide on how to buy Monero (XMR) in Bahamas
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your welcome 10 Dollar.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find (XMR) Monero Once your deposit has been approved, you will immediately have access to your finances and you can commence buying and trading. To purchase Monero (XMR) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To discover (XMR) Monero, you will need to put the short name of the asset (XMR) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “XMR/BTC” to proceed.
Step 4 – Purchase (XMR) Monero After you have spotted Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The “Price” field will be filled with the most up-to-date tariff (XMR) Monero was sold for. This can be changed to your favoured price. The “Amount” field is the amount of XMR you want to buy. The “Total” field is the total price in BTC that you will settle for the whole volumen of XMR. If you are satisfied, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vendor trades their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extensive time frame. To take off your (XMR) Monero, go to the tab called “Funds” and click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Drop in the volumen of Monero (XMR) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.