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How to buy and sell Monero? Picture and text tutorial on Monero trading

To trade Monero on an exchange, select a reputable platform that supports XMR trading, create an account, fund it, search for XMR, place a buy or sell order, execute it, and withdraw the Monero for secure storage.

Oct 09, 2024 at 02:42 am

How to Buy and Sell Monero: A Pictorial Guide

Step 1: Choose a Reputable Exchange

Select an exchange that supports Monero (XMR) trading, such as:

Kraken
Binance
Coinbase Pro

Step 2: Create an Account

Step 3: Fund Your Account

Deposit funds into your exchange account using a bank transfer, credit card, or cryptocurrency transfer.

Step 4: Search for Monero

In the exchange's trading interface, search for the XMR/USD or XMR/BTC trading pair.

Step 5: Place a Buy or Sell Order

To buy Monero: Specify the amount of Monero you want to buy, the price you are willing to pay, and the order type (market or limit).
To sell Monero: Specify the amount of Monero you want to sell, the price you want to receive, and the order type.

Step 6: Execution

Your order will be executed once it matches with another user's order on the exchange.

Step 7: Withdrawal

Once your order is executed, you can withdraw your Monero to a private wallet for safe storage.

Step 8: Concluding the Transaction

Successful purchase: You now own the purchased amount of Monero.
Successful sale: You have received the agreed-upon amount of funds in exchange for your Monero.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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