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How to Buy Monero (XMR)

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – {Transmit} Your {Ethereum or Bitcoin} to an {Cryptocurrency Exchange}

Your {BTC (Bitcoin) or ETH (Ethereum)} {has} to be sent over to an {Exchange} now. {Every exchange has} a deposit form that is {alike}. Monero (XMR) is {accessible} on Binance, so {we're going to} use that as an {illustration}. {Unsure} on how to send {Coinbase funds} to an {Cryptocurrency Exchange}? ({Follow} {this guide})

Make sure {you've} {chosen} the {correct} coin you {would like} to deposit.

{Bitcoin} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {ETH} deposit address, {and so on}. {If} {you are} {working with} a decentralized exchange, {like} Airswap or DDEX could be {divergent} ({Just follow} {our manual}).

Step 3 – {Find} Monero (XMR)

{Once} your deposit has been {approved}, {you will} {directly} have access to your {assets} and you can {start} {buying} and trading. To {invest in} Monero (XMR) on Binance, {you will} want to {go to} the {tab which is called “Exchange”} and{ then} {click} on “Basic”.

{In order to} {spot} Monero (XMR), {you'll} need to {insert} the {short name of the asset} (XMR) into the {search-box}, which is {marked} in the {picture}. {Make sure you have} {selected} the {proper} {grouping}, {we've} {marked} this {also}. Click on “XMR/BTC” to {continue}.

{How to buy Coin on Binance 1|Binance How To Buy 1} Monero (XMR)
Step 4 – {Buy} Monero (XMR)

{Once} {you've} {discovered} Monero (XMR), {you will} be {given} a {Chart with Prices} (in the Center of the {picture}) and {a few} Order Books ({on the Left} of the {image}). {For now} {we are} {creating} our{ own} Limit Order.

The {”Price” field} will be {filled automatically} with the{} {up-to-date} {valuation} Monero (XMR) was {traded} for. {This can be changed} to your {desired} {price}. The {”Amount” field} is the {amount} of XMR you {like} to {buy}. The {”Total” field} is the {whole} price in {BTC} that {you'll} {pay} for the {complete} {volumen} of XMR.

{If} {you are} {glad}, {make a mouse click} on “Buy XMR”. Your {plan} will be filled {as soon as} a {Seller} {trades} their XMR for the price you {offered}.

Step 5 – Withdraw Monero (XMR)

Unless {you are}{} trading, {best advise is not to keep your} {coins} on an {Crypto Exchange} for an {extensive} {time period}. {To} {take off} your Monero (XMR), {hover over} the {tab called “Funds”} and {click} on “Withdraw”. Monero (XMR) can be {safely stored} using a Wallet, {for example} 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 {withdraw}. {Take into account} the {demonstrated} {minimus/fees}. Also make sure you have {filled} your {precise} withdraw address.

{If} {you're} {glad}, {click} “Submit”. You {could} be {requested} for {verfication via phone/email} {before} a {take off}.

{Kudos}! {You have} successfully {bought} and {safed} Monero (XMR).

That's it!

{Withdrawals} from {Cryptocurrency Exchange} can {take} {between} 1 – 30 minutes ({rely} on {usage of the network}). {As soon as} {you've} {confirmed} your {take off} {with} {Etherscan.io or Ethplorer.io} and the Monero (XMR) is {stored} {in} your wallet, {you are} {all done}.

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