A Step-by-Step-Guide on how to buy Monero (XMR) in Cook Islands
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your welcome 10 Dollar.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have chosen the exact 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're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Monero (XMR) As soon as your deposit has been verified, you'll directly have access to your assets and you can start purchasing and trading. To invest in Monero (XMR) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To find Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “XMR/BTC” to continue.
Step 4 – Buying (XMR) Monero Once you've found (XMR) Monero, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Monero (XMR) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of XMR you wish to buy. The “Total” field is the whole price in BTC that you will pay for the whole amount of XMR. If you're glad, make a mouse click on “Buy XMR”. Your plan will be filled as soon as a Vender trades their XMR for the price you offered.
Step 5 – Withdraw (XMR) Monero Unless you are trading, never keep your coins on an Exchange for an extended time frame. To take off your Monero (XMR), go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the given drop-down box. Drop in the volumen of Monero (XMR) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.