How to Buy sXMR (SXMR)

A Step-by-Step-Guide on how to buy sXMR (SXMR)

Step 1 – Join CEX.io

You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get BTC (Bitcoin) or ETH (Ethereum).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. sXMR (SXMR) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate sXMR (SXMR)

Once your deposit has been affirmed, you'll immediately have access to your finances and you can begin purchasing and trading. To purchase sXMR (SXMR) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot sXMR (SXMR), you'll need to put the shortname of the coin (SXMR) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've highlighted this too. Click on “SXMR/BTC” to go ahead.

Binance Hot To Buy sXMR (SXMR)
Binance How to Buy (SXMR) sXMR
Step 4 – Purchase (SXMR) sXMR

After you have spotted (SXMR) sXMR, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The ”Price” field will be filled with the most up-to-date tariff (SXMR) sXMR was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of SXMR you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of SXMR.

If you are happy, click on “Buy SXMR”. Your order will be filled as soon as a Seller trades their SXMR for the price you gave.

Step 5 – Withdraw (SXMR) sXMR

Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time period. To take off your (SXMR) sXMR, go to the tab called “Funds” and mouse click on “Withdraw”. (SXMR) sXMR can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SXMR) sXMR by using the provided drop-down box. Drop in the volumen of (SXMR) sXMR you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.

Binance Withdraw

Kudos! You have successfully bought and safed (SXMR) sXMR.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (SXMR) sXMR is stored inside your wallet, you are all done.