A Step-by-Step-Guide on how to buy 0xMonero (0XMR)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. 0xMonero (0XMR) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate 0xMonero (0XMR) Once your deposit has been verified, you'll directly have access to your funds and you can launch purchasing and trading. To buy (0XMR) 0xMonero on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find 0xMonero (0XMR), you will need to put the short name of the asset (0XMR) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “0XMR/BTC” to proceed.
Step 4 – Purchasing (0XMR) 0xMonero Once you've found (0XMR) 0xMonero, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be filled with the up-to-date price (0XMR) 0xMonero was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of 0XMR you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole quantity of 0XMR. When you're glad, click on “Buy 0XMR”. Your plan will be filled when a Vendor sells their 0XMR for the price you submitted.
Step 5 – Withdraw 0xMonero (0XMR) Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your 0xMonero (0XMR), hover over the “Funds” tab and mouse click on “Withdraw”. 0xMonero (0XMR) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate 0xMonero (0XMR) by using the given drop-down box. Enter the quantity of 0xMonero (0XMR) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.