A Step-by-Step-Guide on how to buy Monero-Classic (XMC)
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Monero-Classic (XMC) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find Monero-Classic (XMC) As soon as your deposit has been approved, you will directly have access to your finances and you can start invest and trading. To buy Monero-Classic (XMC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Monero-Classic (XMC), you'll need to put the short name of the asset (XMC) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “XMC/BTC” to continue.
Step 4 – Buying Monero-Classic (XMC) As soon as you've discovered Monero-Classic (XMC), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent tariff Monero-Classic (XMC) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of XMC you like to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of XMC. If you are happy, click on “Buy XMC”. Your order will be filled when a Vender sells their XMC for the price you gave.
Step 5 – Withdraw Monero-Classic (XMC) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an longer time period. In order to take off your Monero-Classic (XMC), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero-Classic (XMC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero-Classic (XMC) by using the given drop-down box. Drop in the quantity of Monero-Classic (XMC) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.
Kudos! You've successfully purchased and stored Monero-Classic (XMC).That's it! Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the (XMC) Monero-Classic is safe in your wallet, you are done.
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