A Step-by-Step-Guide on how to buy Monero (XMR) in Bulgaria
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome $10.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Monero (XMR) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If 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 affirmed, you will instantly have access to your funds and you can initiate buying and trading. To purchase Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. In order to discover Monero (XMR), you'll need to insert the short name of the asset (XMR) into the search box, which is marked in the image. Be certain of having selected the right grouping, we have marked this also. Click on “XMR/BTC” to progress.
Step 4 – Buy Monero (XMR) As soon as you have discovered Monero (XMR), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Monero (XMR) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XMR you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole quantity of XMR. When you are satisfied, make a mouse click on “Buy XMR”. Your order will be filled when a Vender sells their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an longer period of time. In order to withdraw your (XMR) Monero, hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the given drop-down box. Drop in the volumen of Monero (XMR) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.