A Step-by-Step-Guide on how to buy Monero (XMR) in Finland
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive your welcome 10 Dollar.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Monero (XMR) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate (XMR) Monero Once your deposit has been affirmed, you will directly have access to your assets and you can initiate buying and trading. To purchase Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Monero (XMR), you'll need to put the shortname of the coin (XMR) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this also. Click on “XMR/BTC” to go ahead.
Step 4 – Buying (XMR) Monero As soon as you've discovered Monero (XMR), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order. The “Price” field will be automatically filled with the up-to-date rate (XMR) Monero was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of XMR you wish to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete amount of XMR. When you are happy, click on “Buy XMR”. Your order will be filled when a Seller trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer period of time. To withdraw your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (XMR) Monero by using the given drop-down box. Enter the volumen of (XMR) Monero you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via email/phone before a take off.