XMR (Monero)

XMR (Monero)

This step by step guide will walk through the exact method you can take to buy XMR.

Prerequisites

Firstly you will need accounts with the following websites:

Step 1. Buy Ethereum

Once you have accounts with these you will need to start on Coinbase and purchase some Ethereum coins, the screenshot below shows where you can do this by clicking the Buy/Sell button and then selecting Ethereum:

How to buy XMR-1

Step 2. Transfer Ethereum

Once the Ethereum has been purchased we then need to transfer it over to Binance where we can trade it for XMR the screenshot below shows how you can get your deposit address to send the Ethereum to:

How to buy XMR-2

Clicking the Deposit button will then bring the below screen up where you can copy the address which you will need to then input in to Coinbase

How to buy XMR-3

Now that we have the Deposit address copied, go back to Coinbase and click account and then send next to Ethereum as per the below screenshot:

How to buy XMR-4

This will then change to a screen where you can paste in the address that we copied 2 steps ago from Binance:

Once the funds have been sent you will need to wait anywhere up to about 20 minutes for the transfer to go over, once it has gone over you will see it under Funds -> Deposits Withdrawals (the second screenshot on this how to guide)

Step 3. Buy XMR

You will now be able to buy XMR, simply hover over Exchange and click Basic:

How to buy XMR-6

This will then bring up the purchase screen, here we will click on ETH and then in the search box type in XMR, click the entry that will appear ‘XMR/ETH’ and then decide how much of the Ethereum you want to trade for XMR then click the green buy XMR button

How to buy XMR-7

Congratulations you should now have XMR in your Binance wallet (the transaction can take about 5-10 minutes to go through)