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How to buy Monero(XMR) on Binance

Updated on: 2024-11-09 23:12:04(UTC+0)
In this tutorial we will talk about:
1
How to buy Monero(XMR)
2
How to redeem USDT with a credit card and then exchange it into Monero(XMR)
3
How to buy Monero(XMR)with a debit card
4
Buy Monero(XMR)Quickly
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What can you do with Monero
6
Market stats to help you decide if it is a good time to buy Monero
7
How to Safely Store Your Monero

How to buy Monero(XMR)

How to buy cryptocurrency on an exchange

Investing in Monero(XMR)has never been easier! Registering on an exchange, verifying your account, and paying via bank transfer, debit or credit card, paired with a secure cryptocurrency wallet, are the most widely accepted methods of acquiring cryptocurrencies. Here’s a how-to guide on how to buy cryptocurrency on an exchange.

Step 1: Register on Binance (click the link to register)

Step 2: Identity Verification—Submit KYC information to verify your identity

Please verify your identity to ensure full compliance and enhance your experience with complete identity verification. You can go to the identity verification page, fill in your country, upload your ID, and submit your selfie. You will receive a notification and once your ID has been successfully verified, you can start transactions by binding your bank card or credit card.

How to redeem USDT with a credit card and then exchange it into Monero(XMR)

Step1:Click to buy Crypto, first select your country, then click Card

Step2:Select Add Payment Method in the lower right corner and select the credit card applicable to you to fill in the information and bind it, for example: Wise, Visa, etc.

Step3:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Monero (XMR), and purchase it. Token.

How to buy Monero(XMR)with a debit card

Step1:CardClick to buy Crypto and select a card

Step2:Select Add Payment Method in the lower right corner, and select the debit card applicable to you to fill in the information and bind it, such as: Payeer, ABA bank, TowerBank, etc..

Step3:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Monero (XMR), and purchase it. Token.

Buy Monero(XMR)Quickly

Step1:Click to buy Crypto and select a card

Step2:Enter the amount of Monero(XMR)you want

Step3:Click p2p to purchase

Step 4: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Monero (XMR), and purchase it. Token.

About Binance

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Binance

What Is Binance?

Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide. The platform has established itself as a trusted member of the crypto space, where users can buy, sell and store their digital assets, as well as access over 350 cryptocurrencies listed and thousands of trading pairs. The Binance ecosystem now comprises of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT and more.

Who Are the Binance Founders?

The global company was co-founded in China by Changpeng Zhao and Yi He. A Chinese-Canadian developer and business executive, Changpeng Zhao, who goes by CZ, is the company's CEO. He studied at McGill University Montreal and had a successful track record as an entrepreneur. His past experiences include Head of Bloomberg Tradebook Futures Research & Development team, founder of Fusion Systems and Head of Technology at Blockchain.com.

Yi He is CMO at Binance and Head at Binance Labs, the company’s venture capital arm. Yi was previously Vice President at a leading mobile video tech company, Yixia Technology, and co-founder of digital asset exchange OKCoin.

When Did Binance Launch?

Binance was launched in June 2017, and within 180 days grew into the largest cryptocurrency exchange in the world.

Binance Restricted Countries

Under the Binance Terms of Use, restricted locations include the United States, Singapore and Ontario (Canada). However, some countries have restricted usage or features might be limited due to regulatory reasons, including but not limited to, China, Malaysia, Japan, UK and Thailand. Futures and derivatives products are also not available in Germany, Italy and The Netherlands. In September 2019, a separate dedicated platform for US clients, Binance.US, was launched.

How Much Are Binance Fees?

The platform is user-friendly and one of the cheapest with a huge selection of transaction types and an advanced set of trading tools for experienced investors. It charges based on a tiered system, from regular users to VIP 9. For regular users, a 0.10% maker taker fee is charged for spot trading. In July 2022, Binance announced zero-fee trading for BTC spot trading pairs, and in August for ETH/BUSD pair.

Is It Possible To Use Leverage or Margin Trading on Binance?

Traders can borrow funds and participate in margin trading on Binance Margin, which allows trading cryptocurrencies with up to 10X leverage. Users can also use derivatives products such as Binance Futures, settled in USDT, BUSD or other cryptocurrencies and Binance Options to leverage on their trades.

How to buy Monero in other countries?

Anywhere Binance exchange is available, you may easily purchase Monero (XMR) with the lowest costs and maximum security. To begin purchasing Monero in the country of your choice, enter your country's name in the search box below:

What can you do with Monero

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Store/Hold Monero
Many users hold on to their Monero with the expectation of it increasing in value. You can store your XMR safely on your Binance account or on our crypto wallet app Wallet, the most user-friendly and secure mobile wallet.
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Trade Monero
You can trade Monero for 150+ cryptocurrencies on Binance exchange's industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Monero trading to meet your needs.
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Send Monero
Yes, Binance allows you to easily transfer value around the world, fast. You can buy Monero online and send to anyone and anywhere with their Monero address.
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Spend Monero
You can also buy goods and services with your Monero. More and more vendors and retailers accept Monero every day.
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Donate Monero
Binance accepts Monero donations from institutions to support global projects aimed at improving the lives of the underprivileged billion. You can donate Monero to ensure that no one misses out on the growth brought by blockchain.
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Learn More About Monero
You can read more in-depth articles on Monero from Binance Research and study how cryptocurrencies like Monero work on Binance Academy.

Market stats to help you decide if it is a good time to buy Monero

Perhaps all you need to know is more about it. Allow us to take you through some of the most fascinating Bitcoin Facts from Binance Academy articles in a quick manner. Find out now why people purchase Monero!

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

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How to Safely Store Your Monero?

The Binance wallet offers the most reliable and industry-leading security for risk management, where Monero can be safely kept. To begin holding a Monero wallet, register on Binance exchange.

FAQ

Q
How do I purchase Monero?
A
Nowadays, you can purchase & store Monero hassle free on exchange. You can use your credit card, bank transfer or perform peer-to-peer trade to buy Monero. You can easily do it on your computer, tablet or iOS or Andriod phone.
Q
Can I buy $1 worth of Monero?
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Typically, you can purchase $1 worth of Monero, but it depends on the exchange and the cryptocurrency you choose. Some exchanges allow minimum amount transactions, while others may have restrictions on the minimum transaction amount. It is advisable to check the trading rules and minimum transaction amounts when selecting an exchange and cryptocurrency.
Q
Where can I still buy Monero?
A
You can still buy Monero on various cryptocurrency exchanges. Some popular exchanges where you may find Monero include OKX, Binance, Coinbase, Kraken, and Huobi. Be sure to check the availability of Monero on these platforms and consider factors such as trading pairs, fees, and security features before making a purchase.
Q
Where is the best place to buy Monero?
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The best place to buy Monero depends on factors such as your location, preferred payment method, and trading preferences. Some popular options for buying Monero include reputable cryptocurrency exchanges like Binance, Coinbase, Kraken, and Huobi. It's recommended to compare features such as fees, supported trading pairs, security measures, and user interface to determine which platform aligns best with your needs. Additionally, you may consider peer-to-peer trading platforms or decentralized exchanges for alternative options.
Q
Can I view the Monero chart now?
A
Of course, CoinMapAi not only provides information on how to buy Monero, but also supports viewing Monero chart. Click on the link next to it to view the actual rise and fall data.

Market risk applies to any cryptocurrency investment activity, including using Binance exchange to purchase Monero online. While we make every attempt to thoroughly inform our users about every cryptocurrency we offer on the exchange, Binance exchange does not take responsibility for any outcomes that may emerge from your purchase of Monero. Nevertheless, we do offer simple and convenient ways for you to buy Monero quickly. The content on this website is not intended to be construed as endorsing any specific cryptocurrency or way to obtain it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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