A Step-by-Step-Guide on how to buy Monero (XMR) in Eritrea
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) 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 obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find (XMR) Monero As soon as your deposit has been confirmed, you will now have access to your finances and you can commence purchasing and trading. To buy Monero (XMR) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover (XMR) Monero, you will need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “XMR/BTC” to progress.
Step 4 – Buying Monero (XMR) As soon as you've located (XMR) Monero, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to make our Limit Order. The “Price” field will be filled automatically with the most latest tariff (XMR) Monero was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XMR you wish to buy. The “Total” field is the aggregated price in BTC that you'll settle for the whole amount of XMR. If you are glad, click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you gave.
Step 5 – Withdraw Monero (XMR) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (XMR) Monero, go to the “Funds” tab and click on “Withdraw”. (XMR) Monero can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the provided drop-down box. Put into the amount of (XMR) Monero you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.