How to Buy Monero (XMR) in Hong Kong

A Step-by-Step-Guide on how to buy Monero (XMR) in Hong Kong

Step 1 – Join Coinbase and get 10$ for free

You'll first need to buy one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your first 10$.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Monero (XMR) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (XMR) Monero

Once your deposit has been confirmed, you'll immediately have access to your finances and you can start invest and trading. To purchase Monero (XMR) on Binance, you'll want to go to theExchangetab and then click onBasic”.

In order to spot Monero (XMR), you'll need to put the short name of the asset (XMR) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have highlighted this too. Click onXMR/BTCto advance.

Step 4 – Purchase Monero (XMR)

After you have spotted (XMR) Monero, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to make our Limit Order.

ThePricefield will be automatically filled with the up-to-date valuation (XMR) Monero was traded for. You can change this to your desired rate. TheAmountfield is the quantity of XMR you want to buy. The field with theTotaltag is the total price in Bitcoin that you'll pay for the complete volumen of XMR.

When you are glad, make a mouse click onBuy XMR”. Your plan will be filled when a Seller sells their XMR for the price you gave.

Step 5 – Withdraw (XMR) Monero

Unless you're frequently trading, you should never keepyour coins on an Exchange for an extended period of time. In order to take off your Monero (XMR), hover over the tab calledFundsand mouse click onWithdraw”. (XMR) Monero can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're satisfied, clickSubmit”. You may be asked for verfication via phone/email before a withdrawal.

Kudos! You have successfully purchased and stored (XMR) Monero in Hong Kong.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the Monero (XMR) is safe in your wallet, you're all done.