How to Buy Monero (XMR) in Burkina Faso

A Step-by-Step-Guide on how to buy Monero (XMR) in Burkina Faso

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome 10$.

Coinbase Promo Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Binance Signup

Step 3 – Find (XMR) Monero

Once your deposit has been approved, you will immediately have access to your finances and you can launch invest and trading. To purchase (XMR) Monero on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to find (XMR) Monero, you'll need to insert the cointype (XMR) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we have marked this also. Click on “XMR/BTC” to advance.

Step 4 – Acquisition of Monero (XMR)

As soon as you've located Monero (XMR), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date price Monero (XMR) was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of XMR you like to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of XMR.

If you're glad, click on “Buy XMR”. Your plan will be filled when a Vender trades their XMR for the price you submitted.

Step 5 – Withdraw (XMR) Monero

Unless you are trading, you should never keepyour coins on an Exchange for an extended time frame. In order to withdraw your (XMR) Monero, hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the given drop-down box. Put into the quantity of Monero (XMR) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Congrats! You have successfully purchased and stored Monero (XMR) in Burkina Faso.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (XMR) Monero is safe inside your wallet, you're all done.