A Step-by-Step-Guide on how to buy iXMR (IXMR)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer 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 similar. iXMR (IXMR) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate iXMR (IXMR) As soon as your deposit has been confirmed, you will directly have access to your assets and you can initiate purchasing and trading. To invest in iXMR (IXMR) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot iXMR (IXMR), you will need to put the cointype (IXMR) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “IXMR/BTC” to go on.
Step 4 – Acquisition of iXMR (IXMR) As soon as you have located iXMR (IXMR), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our Limit Order. The ”Price” field will be automatically filled with the up-to-date tariff iXMR (IXMR) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of IXMR you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of IXMR. If you're happy, make a mouse click on “Buy IXMR”. Your plan will be filled when a Vender trades their IXMR for the price you submitted.
Step 5 – Withdraw iXMR (IXMR) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time frame. In order to take off your iXMR (IXMR), hover over the ”Funds” tab and click on “Withdraw”. iXMR (IXMR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate iXMR (IXMR) by using the given drop-down box. Drop in the volumen of iXMR (IXMR) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You could be asked for phone/email verification before a take off.