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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. sXMR (SXMR) 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? (Just follow this manual) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find sXMR (SXMR) As soon as your deposit has been verified, you will immediately have access to your assets and you can initiate invest and trading. To purchase sXMR (SXMR) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot sXMR (SXMR), you will need to put the short name of the asset (SXMR) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this also. Click on “SXMR/BTC” to progress.
Step 4 – Purchasing sXMR (SXMR) As soon as you have discovered sXMR (SXMR), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're making our Limit Order. The ”Price” field will be filled with the most latest tariff sXMR (SXMR) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of SXMR you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of SXMR. When you're glad, make a mouse click on “Buy SXMR”. Your plan will be filled when a Vender trades their SXMR for the price you submitted.
Step 5 – Withdraw sXMR (SXMR) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time frame. To withdraw your sXMR (SXMR), go to the tab called “Funds” and click on “Withdraw”. sXMR (SXMR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find sXMR (SXMR) by using the given drop-down box. Put into the volumen of sXMR (SXMR) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.