A Step-by-Step-Guide on how to buy Monero (XMR) in Senegal
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and getting your first $10.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (XMR) Monero As soon as your deposit has been confirmed, you'll directly have access to your funds and you can launch purchasing and trading. To invest in Monero (XMR) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. To spot Monero (XMR), you will need to put the short name of the asset (XMR) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've highlighted this also. Click on “XMR/BTC” to continue.
Step 4 – Buying Monero (XMR) As soon as you have discovered (XMR) Monero, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest rate (XMR) Monero was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of XMR you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of XMR. If you are satisfied, make a mouse click on “Buy XMR”. Your order will be filled as soon as a Vendor trades their XMR for the price you introduced.
Step 5 – Withdraw (XMR) Monero Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time frame. In order to take off your Monero (XMR), go to the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XMR) Monero by using the provided drop-down box. Put into the amount of Monero (XMR) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.