A Step-by-Step-Guide on how to buy Monero (XMR) in Saint Kitts And Nevis
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to buy one of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and receive your first 10 Dollar.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Monero (XMR) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (XMR) Monero Once your deposit has been approved, you will directly have access to your assets and you can launch buying and trading. To purchase Monero (XMR) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. To locate (XMR) Monero, you'll need to put the cointype (XMR) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this also. Click on “XMR/BTC” to advance.
Step 4 – Acquisition of (XMR) Monero As soon as you have spotted 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). For now we're creating our own Limit Order. The “Price” field will be filled with the most up-to-date price Monero (XMR) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of XMR you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of XMR. If you are satisfied, click on “Buy XMR”. Your order will be filled as soon as a Seller sells their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you're frequently trading, never keep your coins on an Exchange for an extended period of time. In order to take off your (XMR) Monero, hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Enter the volumen of (XMR) Monero you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.