How to buy monero (XMR) on Binance ?

How to buy monero (XMR) on Binance ?

You want to buy monero while using the platform Binance, but you don’t know how it works. No problem, we will guide you step by step to get there. However, before you even begin, you should know that on Binance, you can’t deposit money. You can buy crypto-currencies and using other crypto-currencies. You’ll need to use an online wallet.

Your registration on Binance

To buy Binance, you will need to first register on the platform Binance. This is really not difficult. For a start, you need to choose the language you want to use during your navigation. In addition, you must specify your e-mail address, while setting a password. However, in order to guarantee you greater security, we recommend that you choose a complex password. Finally, a double protection is offered to you through Google Authentificator. Although it is optional, we strongly recommend that you use it.


The verification of your identity

However, you can’t even take full advantage of Binance. Indeed, for this, your identity needs to be verified. To do so, you must start by indicating if you are a resident or not in China before to indicate several personal information, including your first name, your name, your gender and the country in which you reside. You must then provide the number of your identity before providing a copy to double-sided. Finally, to complete the verification of your identity, you have to take a picture while holding your id and a piece of paper on which your address is shown.


Make a deposit on Binance

Given that you can only make deposits in a crypto-currency (other than the one that you want to buy), you will need to have a portfolio online to be able to buy monero on Binance. You just need to choose the crypto currency you want to deposit on your account Binance define quantity and to give the address at which is stored the cryptomonnaies that you want to use. Once that is set, it remains for you to validate. Once the transaction is accepted, you will receive your crypto-currency on your account Binance.


Buy monero on Binance

Once you have received your crypto-currency on your account Binance, you can finally buy monero. To do that, you just have to click on the Exchange tab you will find at the top of the screen. You must then select monero, the crypto-currency that you want to buy. Before you validate it, you can see different information, including the quantity of monero that you’re going to have. Once you have validated, you just need to choose the offer that suits you.


What you must remember

  • Binance is a website on which you can use crypto-currencies to buy more. However, you can not do deposit with real money.
  • To use Binance, so you have a portfolio online.
  • The first thing you need to do before you buy monero on Binance is to create your account
  • However, to be able to take full advantage of Binance, your identity must first be verified.
  • Once you have made your deposit, you can use the crypto-currency that you have deposited to buy monero.