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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 Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Monero (XMR) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Monero (XMR)

As soon as your deposit has been approved, you will now have access to your assets and you can begin purchasing and trading. To purchase Monero (XMR) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To discover Monero (XMR), you will need to insert the shortname of the coin (XMR) into the search box, which is highlighted in the image. Be certain of having selected the proper grouping, we have marked this too. Click on “XMR/BTC” to progress.

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

Once you've spotted Monero (XMR), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price Monero (XMR) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of XMR you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of XMR.

When you're happy, click on “Buy XMR”. Your order will be filled when a Vendor trades their XMR for the price you offered.

Step 5 – Withdraw Monero (XMR)

Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Trader for an longer time frame. In order to take off your Monero (XMR), hover over the tab called “Funds” and mouse click on “Withdraw”. Monero (XMR) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Monero (XMR) by using the provided drop-down box. Put into the amount of Monero (XMR) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully purchased and stored Monero (XMR).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Monero (XMR) is safe inside your wallet, you're done.

Some other Guides on How to buy different Altcoins

How to Buy ELDORADO TOKEN
How to Buy Thirm Protocol
How to Buy Altcoins
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