How to Buy Monero (XMR)

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and getting Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – {Transmit} Your {Ethereum (ETH) or Bitcoin (BTC)} to an {Crypto Trader}

Your {ETH (Ethereum) or BTC (Bitcoin)} {has} to be sent over to an {Crypto Exchange} now. {All exchanges have} a deposit form that is {identical}. Monero (XMR) is {accessible} 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 have} {chosen} the {precise} coin you {wish} to deposit.

{BTC} must be sent to a {Bitcoin} deposit address, {ETH} to an {ETH} deposit address, {and so on}. {In the case} {you are} {using} a decentralized exchange, {like} Airswap or DDEX could be {different} ({Just follow} {our manual}).

Step 3 – {Find} Monero (XMR)

{As soon as} your deposit has been {verified}, {you'll} {immediately} have access to your {assets} and you can {begin} {purchasing} and trading. To {invest in} Monero (XMR) on Binance, {you will} want to {hover over} the {”Exchange” tab} and{ then} {click} on “Basic”.

{To} {locate} Monero (XMR), {you will} need to {put} the {shortname of the coin} (XMR) into the {search box}, which is {marked} in the {graphic}. {Make sure you have} {selected} the {proper} {grouping}, {we have} {highlighted} this {too}. Click on “XMR/BTC” to {progress}.

Binance Hot To Buy Monero (XMR)
Binance How to Buy (XMR) Monero
Step 4 – {Purchase} Monero (XMR)

{As soon as} {you've} {spotted} Monero (XMR), {you will} be {given} a {Chart with Prices} (in the Center of the {image}) and {a few} Order Books ({on the Left} of the {picture}). {And now} {we are} {making} our{} Limit Order.

The {field with the “Price” tag} will be {filled} with the{ most} {up-to-date} {rate} Monero (XMR) was {sold} for. {You can change this} to your {preferred} {price}. The {field with the “Amount” tag} is the {amount} of XMR you {like} to {buy}. The {field with the “Total” tag} is the {whole} price in {BTC} that {you will} {pay} for the {whole} {volumen} of XMR.

{If} {you're} {glad}, {click} on “Buy XMR”. Your {order} will be filled {when} a {Vendor} {trades} their XMR for the price you {submitted}.

Step 5 – Withdraw Monero (XMR)

Unless {you are}{ frequently} trading, {you should never keepyour} {crypto coins} on an {Exchange} for an {longer} {time period}. {In order to} {withdraw} your Monero (XMR), {hover over} the {tab called “Funds”} and {click} on “Withdraw”. Monero (XMR) can be {stored safely} using a Wallet, {e.g.} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} Monero (XMR) by using the {provided} drop-down box. {Drop in} the {volumen} of Monero (XMR) {you would} {wish} to {take off}. {Take into account} the {shown} {fees/minimums}. Also make sure you have {entered} your {precise} withdraw address.

{When} {you are} {glad}, {make a mouse click on} “Submit”. You {may} be {asked} for {verfication via phone/email} {before} a {withdrawal}.

Binance Withdraw

{Congrats}! {You've} successfully {purchased} and {stored} Monero (XMR).

That's it!

{Take offs} from {Cryptocurrency Exchange} can {take} {anywhere from} 1 – 30 minutes ({rely} on {network usage}). {Once} {you've} {proved} your {take off} {with} {Etherscan.io or Ethplorer.io} and the (XMR) Monero is {stored} {within} your wallet, {you are} {finished}.
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