A Step-by-Step-Guide on how to buy Monero (XMR) in Sao Tome And Principe
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and getting your welcome $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Monero (XMR) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (XMR) Monero As soon as your deposit has been approved, you'll instantly have access to your funds and you can commence buying and trading. To purchase Monero (XMR) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Monero (XMR), you'll need to insert the shortname of the coin (XMR) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “XMR/BTC” to proceed.
Step 4 – Purchasing (XMR) Monero After you've found (XMR) Monero, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're making our Limit Order. The “Price” field will be filled automatically with the recent tariff (XMR) Monero was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of XMR you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of XMR. If you are glad, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vendor trades their XMR for the price you gave.
Step 5 – Withdraw (XMR) Monero Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive time frame. 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 instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Drop in the volumen of Monero (XMR) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.