A Step-by-Step-Guide on how to buy sXMR (SXMR)
Step 1 – Signup to CEX.io You'll first need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. sXMR (SXMR) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just 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, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find sXMR (SXMR) Once your deposit has been confirmed, you'll immediately have access to your assets and you can start invest and trading. To buy sXMR (SXMR) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To find sXMR (SXMR), you will need to insert the shortname of the coin (SXMR) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we've highlighted this too. Click on “SXMR/BTC” to go on.
Step 4 – Purchase sXMR (SXMR) As soon as you've located sXMR (SXMR), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff sXMR (SXMR) was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of SXMR you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of SXMR. If you're satisfied, make a mouse click on “Buy SXMR”. Your order will be filled as soon as a Vendor sells their SXMR for the price you submitted.
Step 5 – Withdraw sXMR (SXMR) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time period. To withdraw your sXMR (SXMR), go to the tab called “Funds” and mouse click on “Withdraw”. sXMR (SXMR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate sXMR (SXMR) by using the provided drop-down box. Drop in the volumen of sXMR (SXMR) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're happy, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.