How to Buy Monero (XMR) in Australia

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

Step 1 – Signup to Coinmama

You'll first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) 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. Monero (XMR) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

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

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

To spot {Monero (XMR)|(XMR) Monero}, you will need to put the short name of the asset (XMR) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we have marked this too. Click on “XMR/BTC” to proceed.

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

As soon as you have discovered {Monero (XMR)|(XMR) Monero}, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date valuation {Monero (XMR)|(XMR) Monero} was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of XMR you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of XMR.

When you're glad, click on “Buy XMR”. Your plan will be filled as soon as a Vender trades their XMR for the price you gave.

Step 5 – Withdraw {Monero (XMR)|(XMR) Monero}

Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. In order to withdraw your {Monero (XMR)|(XMR) Monero}, hover over the ”Funds” tab and click on “Withdraw”. {Monero (XMR)|(XMR) Monero} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Monero (XMR)|(XMR) Monero} by using the provided drop-down box. Drop in the volumen of {Monero (XMR)|(XMR) Monero} you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

If you're happy, click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You have successfully bought and stored Monero (XMR) in Australia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Monero (XMR)|(XMR) Monero} is stored in your wallet, you are finished.

And some more interesting Altcoins: