How to get Monero (XMR) on Binance ?

How to get Monero (XMR) on Binance ?

You want to receive Monero using Binance, but you don’t know how to do it. This is no longer a problem, since we are going to explain to you how to proceed.

Your registration on Binance

Of course, the first thing to do before you can receive the Monero using Binance is create an account on the platform. However, be reassured, it really is very simple, because you simply follow a few steps. The first of them is to indicate the language in which you want the site to be. You must then fill out a form indicating your email address and your password. However, to enjoy greater security in relation to piracy, we recommend that you choose a complex password. In addition, you can benefit from a second protection using the Google Authenticator app. Even if the latter is totally optional, we recommend that you take advantage of it. It will allow you to protect your crypto-currency much more efficient way.

The verification of your identity

However, you will not be able to take full advantage of your account Binance that when your identity will be verified. Once again, it’s really not complicated because you simply follow a few steps that you are shown. The first of these is to clarify, if you are a resident or not in China. Then you must fill in a form in which more information you are requested, including your first name, last name, your gender and the country in which you live. The next step is to indicate the number of your identification before you to provide a photocopy double-sided. Finally, you will need to take your photo while you hold in hand your proof of identity and a piece of paper on which you will have indicated the date of the day.

Create a portfolio on Binance and receive Monero

However, you will not be able to receive Monero on your account Binance before you have created a portfolio. Indeed, it is the latter that will allow you to receive and store the Monero which will be sent to you. To generate it, you must go to your profile and click on ” Generate New Address “. Once the address is created, you will need to forward it to the shipper of your Monero. It must use to finalize the shipment.

You will need to be careful when you use this address. Shipments of moneros are in effect irreversible and if the address is incorrect the Monero in question will simply be permanently lost. It is for this reason that we advise you, as well as the sender of your Monero, not to manipulate this address by using the copy and paste. Once the transaction is accepted and validated, you receive the Monero directly on your account Binance.

What you must remember

  • If you want to receive Monero via Binance, you must first register on this platform.
  • You will also need to prove your identity by providing a proof of identity.
  • You need to create a new email address and forward it to the shipper of your Monero so that he can finalize the shipment.