Binance could be considered one of the top-notch trading platforms in the world.
But if you wish to start out operating on it, the first thing you must do is to understand how to purchase Monero (XMR).
Prior to getting into the wonderful world of crypto on the Binance platform, you should know the following.
Subscribing to the Binance platform is the very first step you must accomplish.
Subscribing the platform is very simple: see the following guidelines.
Visit the Binance main page and click on the "Register" key.
Here you have the direct link to Binance.
In the Binance homepage you’ll find a button with the label "Register with a phone or email". Press it.
You can also do this using your iOS mobile.
In this guide, we’ll will describe how to register using an email address.
Binance will immediately send a one-time-only activation password (remember: this is NOT your password) that you’ll type it in the corresponding box, then click on "Send"
You’re now a Binance subscriber!.
Take a time to get acquainted to the different options of the Binance platform by visiting them.
This way you canyou will be able to start operating with Monero (XMR) very easily.
To have access to these options, you must complete the ID verification.
Warning: No Monero (XMR) trading will be allowed if you skip this security measure.
But no need to worry, see the following instructions to know how to do it.
To become a certified user you must follow the next steps:
Choose "Security" from the drop-down list under the user profile area
Or just look for the "Verify" button on the upper part of the navigator window
Click "Identification" on the left list of options.
Country of residence should be chosen here.
Next, the 3 levels of verification:
To begin, you should select "Verified", pressing the "Start now" button under that label.
In this step, some personal data wil be required:
Here, the Binance platform will require you to present a legal document for identity verification.
You can do this with your ID card, passport, or driver’s license.
Follow the system requirements to take a selfie.
Once you have completed the system’s instructions, you will have to wait a while for the confirmation to be performed on your account.
All you have to do is wait patiently, Binance is going to let you know via email once your request has been approved.
Upon receiving that email it’s time to buy Monero (XMR), just see the guidelines below.
Learning how to make a purchase of Monero (XMR) is not that hard.
Next, you’ll need to use a legal document to check your identity.
You can do this by using your ID card, passport, or driver’s license.
Follow the system requirements to take a selfie.
Now you’ll have to wait for a short time while an account confirmation process is performed.
So, wait patiently, Binance will let you know via e-mail once your profile has been accepted.
Upon receiving that email it’s time to buy Monero (XMR), just follow the instructions below.
In this section you’ll learn how simple is to convert cash into Monero (XMR).
Some processes would probably have alternative paths
The "Buy cryptos" menu on the Binance homepage will be your reference when making a purchase.
Needless to say you must be logged into your account to do this
Place your mouse on this key and a list of buying alternatives will be displayed.
Now you’ll have to to use a legal document to corroborate your identity.
You can do this by using your passport, ID card, or driver’s license.
In the next stage, you will be asked to take a selfie, according to the application’s requirements.
Once you have completed the platform’s guidelines, you’ll have to wait a moment while your account is confirmed.
Now you must wait until your application has been approved. Be patient, the platform is going to let you know via e-mail.
Upon receiving that email it’s time to purchase Monero (XMR), to do so follow the guidelines below.
In this segment you’ll discover how easy is to buy a Monero (XMR).
Be aware that you have different alternatives for this process
The "Buy cryptos" menu on the Binance homepage will be your reference when making a purchase.
Needless to say you must be logged into your account to do this
See all the different purchase options just by hovering your mouse over this button.
Go to the "Buy Cryptos" and select the credit card-related option from the menu.
The following directions will be helpful to continue the process:
Currency to be used and amount of the investment should be defined here.
The the Monero (XMR) you would like to purchase must be picked from the second field
Taking into account the amount of USD you have recently stated, the platform will immediately show you the quantity of Monero (XMR) you’ll be given.
Next, just observe the following instructions:
Now you should select the currency you’d like to use and enter how much you want to invest.
In the second field you should select the Monero (XMR) you wish to get
The number of Monero (XMR) you will be given will depend upon the amount of USD you’ve recently defined. The Binance system will automatically show it to you.
Press "Continue".
To add your CC as a payment method, select in the "Visa/Mastercard" field the button "Add card".
Type your credit card data and press "Next".
The next field is intended to write the address associated to the credit card. Enter it exactly as it is, then press "Add card".
When you see your card has been successfully included, press "Continue".
The system will now show you the summary of the order you are generating. The sum you will pay in the currency you’ve chosen, and the Monero (XMR) you will be given.
It will also show you the commission will be charged for the purchase.
Within the next 60 seconds press "Confirm", from then on the order will expire automatically.
Next, you will be sent to the site of the bank issuing the credit card. There you should make a standard on-line payment using your credit card.
After the banking process has been finished, you will get your recently bought Monero (XMR) in your Binance digital wallet (called the «Spot Wallet»)
The platform will now display the synthesis of the purchase order you are creating. The sum you will pay with the currency you have chosen, and the Monero (XMR) you will get.
Another important detail in this snapshot is the percentage you’ll be charged as a commision for making the purchase.
Now you have to acknowledge the order pressing the "Confirm" button within the following 60 seconds, or it will be automatically canceled.
The platform will now redirect you to the credit card issuing bank. Follow the directions in the same way you would normally pay with your card.
You can check your Binance digital wallet (called the «Spot Wallet») after the banking process has been completed to find your recently bought Monero (XMR) already credited
After you finished including the new method of payment to your account, go to the "Buy Crypto" menu (upper part of the display), find the "Trading P2P" button, and follow the directions below:
The seller, upon confirming money reception, will immediately release the Monero (XMR).
So, they will instantly be added to your account balance.
Take into account that your Monero (XMR) must be in your Spot Wallet in order for you to get others, so you will have to transfer them there before.
To do this, all you have to do is press "Transfer to Spot Wallet" immediately after the purchase order has been completed.
In case you didn’t do this, don’t worry, you can move the cryptos later.
The seller, upon confirming payment reception, will automatically release the Monero (XMR).
The place where Monero (XMR) are deposited is your account wallet.
Nonetheless, you will have to transfer them to your Spot Wallet in case you would want to buy any other crypto.
That’s quite simple: just click on "Transfer to Spot Wallet" once the purchase order is completed.
This Monero (XMR) internal movement can be done whenever you need.
With these money already in your Spot Wallet, nothing keeps you from purchasing any crypto you believe might be worthwhile.
To buy Monero (XMR) from Binance all you have to do is the following:
Perfect! Now you have funds available to buy any of the several Monero (XMR) in the Binance platform.
Purchase any cryptocurrency from Binance just following the steps described below:
This post have surely pictured you a detailed vision of what Binance is and how you can trade Monero (XMR) on it.
Cryptos have come to stay, and Binance is a secure and practical site to do business. Begin right now!
If you want to make money through cryptocurrencies, you must figure out how to use the Kucoin platform. This form oftrade is providing good benefits to all its users, and it is making a lot more evolution in all its operations.
If you want to learn easily how to purchase a Monero (XMR) in Kucoin, you need to stay in this post.
After you have created your account into the Kucoin platform and fulfilled the safety requirements, you have to deposit your money. This technique is rather simple, and there are several options to accomplish that.
One of them should be to enter to the "Assets" or "Balance" section at the top right from the screen and choose the "Deposit" link. After that, select the Monero (XMR) you would want to transfer into your account to purchase new cryptos, for example, USDT.
After this, you should pick the network you will use to get the transaction done. We all recommend Tron (TRC20) since it retains the lowest commissions.
Next you’ll see the address you must put in the «Exchange» where you have the USDT you want to transfer to Kucoin. When you have already done this, you are going to get the funds in the main account in a matter of seconds.
If that does not work in your country, you could try transferring the money to your account via P2P trading. This type of deal means that you actually make a conventional bank transfer to one of the registered traders to obtain any of the approved cryptos.
Now that you received the funds in your account, it’s time to start navigating the Kucoin website.
Purchasing a Monero (XMR) on Kucoin you have to send the money you’ve just purchased to the trading account. To accomplish this you have to open the "Balance" menu, click on the main account, enter the cryptocurrencies and then choose «Transfer». This last option can be situated on the same line as the currency you’ll use for the purchase.
If that seems not to be not working in your country, you can attempt transferring funds to your account via P2P trading. This kind of transaction signifies that you actually make a traditional bank transfer to one of the documented traders to receive any of the genuine cryptos.
Now that you obtained the funds in your account, it’s time to start navigating the Kucoin website.
Purchasing a Monero (XMR) on Kucoin you have to send the money you have just purchased to the trading account. To achieve this you have to click on the «Balance» menu, click on the main account, enter your cryptocurrencies after which choose «Transfer». This last option can be found on the same line as the currency you are going to use to complete the purchase.
Following this, you are directed to a window for choosing where you wish to send the funds. You must transfer from the "Main Account" to the «Trading Account», and indicate the currency and the amount you want to send to trade. Then visit «Confirm».
Once you got the funds already credited in your account, you are set to purchase your crypto and start trading.
Here we will explain how to purchase Monero (XMR) in diverse ways. To begin, you have to access the «Trade» menu and pick «Spot trading» (Spot Market). Then just type the word Monero (XMR) in the search line at the top corner of the web page.
The system will reveal the crypto pairs you are able to operate with.
In short, you‘ll only be capable of buy Monero (XMR) just with the crypto pairs it shows you.
For this case, you can do it with «USDT», «USDC», «KCS», and «BTC».
We select ADA/USDT since we’ve got funds in this couple. When we do so, it immediately loads the crypto graph data and the order book containing the buy and sell tradings.
To be able to complete the operation, you need to type the trading code.
At the bottom on the right-hand area, it displays us the markets to trade crypto, immediately enabling «Spot». There we now have 3 ways to purchase Monero (XMR). Next we’ll describe the options:
You can also configure the order activation but process it at the best market price. You do this by choosing "Stop Market", and typing in «Stop Price» the amount you prefer the Monero (XMR) to achieve to trigger the order and the amount of USDT to invest. By hitting Buy Monero (XMR), your purchase will be executed at the market rate once it is the identical to the stop price you’ve just determined.
With any of these options, you already have the Monero (XMR) tokens you’ve just bought available in your trading account. From this moment you’re free to trade with this or you may want to purchase any other cryptos. Bear in mind that with Monero (XMR) you will only be able to get the cryptos available in their pairs. Usually, you will have to sell the Monero (XMR) for a crypto that is usually available in the Monero (XMR) pairs, such as BTC, USDT, and BNB, and after that you could get the particular one that you actually want.
You can now start trading a Monero (XMR) at the Kucoin platform.
| Exchange | Market Pairs | Buy |
|---|
