Monero is a popular cryptocurrency along with Bitcoin (BTC) and Ethereum (ETH) to trade in India in 2021. If you are a beginner to XMR, here is a brief overview of the cryptocurrency, before you delve into its trading.
How to Buy Monero in INR?
If you want to buy and sell xmr and make a profit, PCEX Member has got you covered! This is a pioneer cryptocurrency exchange in India that allows you to buy monero in India. It results in significant savings as foreign currency exchanges are not required.
Here is a step-by-step guide.
Step#1. Browse PCEX Member: Open this responsive website on your phone or desktop. It’s a secure website. For confirmation, see the secure padlock sign on the browser address bar. Do not visit any link that impersonates it, especially, something that has come to you via SMS or email.
Step#2. Join/Login: Navigate to the extreme right side, click “Join Us.” It asks for some basic details like username, email, and password. First, you choose a password and then confirm it. Put a checkmark into the box at the bottom to agree to the terms and conditions and privacy policy of the website. If you already have an account with PCEX Member, login and get started.
Step#3. Buy xmr: Once you have joined. A confirmation email is sent to you. Click on the link to confirm. It takes you to the website. Login with the credentials. Navigate to the buy and sell section located on the right-hand side of the website. By default, the option selected is to buy. From the drop-down, you can select the crypto and currency pair. Enter the relevant fields, and click “Buy”. It takes you to the payment page, where you pay using your bank account.
Step#4. Start Trading: Once you have bought the cryptocurrency, you can start trading in the Spot or Futures Market.
Step#5: Withdraw your XMR : You can withdraw your xmr coins and get its equivalent value credited to your wallet or bank account after paying a transaction fee of 0.3%.
Why to Trade at PCEX Member?
High Liquidity: PCEX Member maintains a high liquidity through its franchise model, which provides a guarantee that your investment is in safe hands.
Low Transaction Fee: You only pay a Single Fee Transaction Fee. There are no maker & taker charges or AMC charges as many of the crypto exchanges charge.
Easy Payment: PCEX Member accepts payments through all wallets, credit & debit cards. You can convert fiat money to digital currency or vice-versa all in one place.
High Security: PCEX Member implements a 5-layer security model. The probability of an account being compromised is as low as 1 in out of a billion or almost negligible.
Global Presence: PCEX Member is a brand with a reputation. It has global footprints across Estonia, Belarus, UAE, India, Japan, Thailand, Hong Kong, and Singapore.
User-Friendly: Whether you are on a mobile or large screen, you can effortlessly trade using its user-friendly interface. Simplicity and convenience have made PCEX Member a highly popular platform among beginners.
Trading Insights: Its Knowledge Center has got easy-to-understand insightful guides and tips on trading for beginners as well as experienced ones. You do not need to google to find cryptocurrency trading tips. Pay attention to articles on calculation position size and applying various hedging options to safeguard assets and optimize the benefits.
Small Lot Size: What does a smaller lot size mean? Cryptocurrencies are traded in specific amounts called lots. With a smaller lot size, you do not need to wait long for many users to buy or sell the lot to get started. The sooner it fills the quicker you start with crypto trading.