How to Buy Monero (XMR) in Armenia

A Step-by-Step-Guide on how to buy Monero (XMR) in Armenia

Step 1 – Signup to Coinmama

You'll first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and to get your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Monero (XMR) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate {Monero (XMR)|(XMR) Monero}

Once your deposit has been verified, you'll directly have access to your funds and you can commence invest and trading. To invest in {Monero (XMR)|(XMR) Monero} on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot {Monero (XMR)|(XMR) Monero}, you'll need to insert the cointype (XMR) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've highlighted this also. Click on “XMR/BTC” to proceed.

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

After you've discovered {Monero (XMR)|(XMR) Monero}, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order.

The field with the “Price” tag will be filled with the most latest tariff {Monero (XMR)|(XMR) Monero} was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of XMR you like to purchase. The ”Total” field is the total price in BTC that you will pay for the whole quantity of XMR.

If you're satisfied, make a mouse 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)|(XMR) Monero}

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive period of time. To take off your {Monero (XMR)|(XMR) Monero}, go to the tab called “Funds” and click on “Withdraw”. {Monero (XMR)|(XMR) Monero} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Monero (XMR)|(XMR) Monero} by using the provided drop-down box. Enter the amount of {Monero (XMR)|(XMR) Monero} you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

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

Congrats! You've successfully bought and safed Monero (XMR) in Armenia.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the {Monero (XMR)|(XMR) Monero} is stored in your wallet, you're done.

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