How to backup 2FA – Binance

How to Back-up Your Binance Two-Factor Authentication

In this guide we’ll show you how to reset your Google Authenticator’s two-factor authentication (2FA) on Binance. Follow these simple, graphical instructions to safeguard your digital assets in the unfortunate event you lose access to your mobile device.

This process to reset your two-factor-authentication is not difficult, but this is a very important. Should you lose access to your exchange account and wallet, there is no guarantee you can regain access to your assets in a timely manner. This could mean losing opportunities to buy, sell, or trade.

STEP 1: Removing Your Existing Two-Factor-Authentication (2FA)

It is imperative you follow the precise order of events in this guide to avoid getting accidentally locked out of your own account on Binance. Begin on your computer, not your mobile phone. Log in to your account on Binance using your old 2FA, then look at the default screen.

To get started, look toward the bottom right of the screen. You will see the ‘Google Authentication’ security system with Binance. The icon for this is the same as that on your mobile phone’s Google Authenticator. Select ‘Disable’ (1) to continue.

Before you proceed any further, take note of the warning (1) atop the page. No withdrawals are permitted from your Binance account for 24 hours following the disabling of Google Authenticator (2FA). If you need to move any assets from your account in the short term, do so now.

If you are ready to proceed, enter your Binance account’s login password (2). Open your mobile device’s Google Authenticator application and pull one last Binance code from it to enter in the ‘Google Authentication Code’ line (3). Press ‘Submit’ (4).

You will be prompted at this point with a ‘Success!’ indicator and a green checkmark and redelivered to the default Binance account screen.

On your mobile phone, open Google Authenticator. Highlight the 2FA code generator associated with your Binance account so it turns light blue. Once it is highlighted, select the garbage can icon (1) on the top-right of the screen.

The Google Authenticator application will provide you with an indicator at this point making it clear that you need to turn off the two-factor-authentication for your Binance account. You have already completed this step through the computer website, so select ‘REMOVE ACCOUNT’ (1). Now you can set your mobile phone down and look back at the Binance website.

STEP 2: Creating a New Two-Factor Authentication (2FA)

Congratulations! You have removed your old two-factor-authentication code from your account and it is now vulnerable. We need to create a new one (and record the codes this time) to re-establish 2FA and safeguard the security of your account.

Look again at the ‘Google Authenticator’ on the bottom right of the screen. Now that your original 2FA code was disabled on your account and your mobile device, it is time to enable a new one. Press ‘Enable’ (1).

You will see a prompt to install the ‘Google Authenticator’ application (1) at the top of the ‘Download App’ tab. You do not need to reinstall your Google Authenticator. Once you deleted the old Binance 2FA code generator, the data was removed from your application. Select ‘Next Step >’ (2) to proceed.

Open the Google Authenticator application on your mobile device. Press the red “addition” button in the bottom right of the app, then point your phone’s camera at the QR code (1) on your computer screen. If the QR code does not automatically register on your Authenticator application, you can manually enter the 16-digit code (2).

Take this time to save a screenshot of your webpage and print the image so you can save the QR code and 16-digit code for any future need. Alternatively, you can write down the 16-digit code. The QR code is only for convenience and is not completely necessary; only the 16-digit code is critical to keep.

Press ‘Next Step >’ (3) to continue.

This ‘Backup Key’ screen is yet another reminder to manually record your backup key (1). This 16-digit code is the same from the previous step. Binance further encourages this action by stating that a Google Authenticator reset support ticket takes at least seven days to resolve (2). Select ‘Next Step >’ (3) to proceed.

This is the last step in the process. To finalize activation of your new 2FA code through Google Authenticator, enter your 16-digit backup code in the ‘Key’ line (1). On the ‘Login Password’ line (2) you should enter your Binance account’s login password.

Look at your mobile device and re-open the Google Authenticator application if you closed it. Enter your time-sensitive 6-digit Binance 2FA code on the ‘2FA Code’ line (3), then select ‘Enable Google Authentication’ (4).

Summary

Properly backing up your Binance two-factor-authentication code is something that simply needs to be done. The cryptocurrency market is incredibly volatile, and not having access to your funds or Binance exchange account because you misplaced or destroyed your mobile device is a nightmarish scenario. Even though Binance claims it takes a minimum of seven days for a Google Authenticator reset through the support ticket system, there is a strong chance it could take much longer than that. In the world of cryptocurrency investing, that is essentially an eternity.

As long as you follow the steps in this guide in order, you will encounter no problems resetting and saving your Google Authenticator 2FA code.

Good luck, stay safe, and happy investing!

GEMS ICO Review

Gems ICO Review

 This is opinion and not to be considered financial advice. ICOs are most likely a bubble, don’t put in what you don’t want to lose.

How to Buy Raiblocks at Kucoin (XRB)

This is a short guide to safely buying Raiblocks (also known as XRB coin) on the Kucoin exchange.

What is Raiblocks

Raiblocks is  is a decentralised peer-to-peer cryptocurrency featuring instant and feeless transactions utilising a lattice-structured blockchain. Officially announced in the whitepaper on Nov 21 2015 by its creator Colin LeMahieu, RaiBlocks are built to be microtransaction-friendly, with the overall goal of scalability while maintaining simplicity for end-users. Unlike Bitcoin and the original blockchain technology, no traditional Proof-of-Work system is required, allowing for feeless, instantaneous transactions, with the number of transactions the system can handle being simultaneously unlimited and easily scalable.

Step 1 – Register at Kucoin

To buy the token, you first need to sign up at Kucoin.

First go to Kucoin.

Next you need to click on the “Sign up” link.

Go ahead and Register at Kucoin by adding your personal details.

To sign up for Kucoin you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Kucoin Account.

You’ll be asked to activate your account before you can log in on Kucoin.

Go to the email you entered and click on the link sent by Kucoin to complete the registration process.

You may need to check your spam folder.

We strongly recommend you set up 2 factor authorization (2FA) on your account.

Step 3 – Log On to Your New Kucoin Account

Go back to Kucoin and use your new account details to log in.

Step 4 – Fund your Kucoin Wallet.

Before you can buy your new tokens, you need to have funds in your Kucoin wallet.

Note that you can’t send fiat currency direct to Kucoin.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Kucoin.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, click the dollar ($) symbol to open the deposit page

Then click on the “Deposit” button and search for ETH.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Kucoin account.

Step 5: Trade your Ether for XRB tokens.

Click on the ‘Markets’ link at the top menu, next to the Kucoin logo.  And navigate to the ETH tab.

Search for the XRB/ETH pair among the list displayed on the page.  You can type XRB in the search bar if you can’t find it.

This will take you into a trading screen like the one below.  It’s straightforward to purchase from here.

Under the XRB/ETH chart, you’ll find the Buy XRB section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each XRB token.

The second box with the Amount label is where you enter the number of XRB Tokens you plan to buy.

You can also use the ratio slider to indicate what percentage of your funds you want to spend.  sliding to  100% button uses all the ETH in your account.   50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Kucoin.

Ready to buy?

Go ahead and Click on the “XRB” button.

How to Buy Red Pulse Token at Kucoin (RPX)

This is a short guide to safely buying Red Pulse Token (also known as RPX coin) on the Kucoin exchange.

(Affiliate Disclosure: Some of the links in this post are affiliate links. At no additional cost to you, we’ll earn a commission if you decide to make a purchase after clicking through the link.  Read our Affiliate Disclosure.)

What is Red Pulse

The first ever ICO coin on the NEO platform.

Red Pulse is an event-driven research firm headquartered, incorporated, and registered in Hong Kong (#2255299) and with an office in Shanghai, covering market events impacting Chinese companies, sectors and the overall economy. They deliver this in real-time via web portal red-pulse.com, iOS app, email and partner distribution platforms, giving analysts, investors, traders and advisers the edge they need to make better informed decisions.

They spun out of strategic consultancy Z-Ben Advisors in early 2015 and are now a separate company fully dedicated to providing China market analysis and insight to their clients.

Step 1 – Register at Kucoin

To buy the token, you first need to sign up at Kucoin.

First go to Kucoin.

Next you need to click on the “Sign up” link.

Go ahead and Register at Kucoin by adding your personal details.

To sign up for Kucoin you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Kucoin Account.

You’ll be asked to activate your account before you can log in on Kucoin.

Go to the email you entered and click on the link sent by Kucoin to complete the registration process.

You may need to check your spam folder.

We strongly recommend you set up 2 factor authorization (2FA) on your account.

Step 3 – Log On to Your New Kucoin Account

Go back to Kucoin and use your new account details to log in.

Step 4 – Fund your Kucoin Wallet.

Before you can buy your new tokens, you need to have funds in your Kucoin wallet.

Note that you can’t send fiat currency direct to Kucoin.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Kucoin.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, click the dollar symbol to open the deposit page

Then click on the “Deposit” button and search for ETH.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Kucoin account.

Step 5: Trade your Ether for RPX tokens.

Click on the ‘Markets’ link at the top menu, next to the Kucoin logo.  And navigate to the ETH tab.

Search for the RPX/ETH pair among the list displayed on the page.  You can type RPX in the search bar if you can’t find it.

This will take you into a trading screen like the one below.  It is straightforward to purchase from here.

Under the RPX/ETH chart, you’ll find the Buy RPX section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each RPX token.

The second box with the Amount label is where you enter the number of Red Pulse Tokens you plan to buy.

You can also use the ratio slider to indicate what percentage of your funds you want to spend.  sliding to  100% button uses all the ETH in your account.   50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Kucoin.

Ready to buy?

Go ahead and Click on the “BUY RPX” button.

How to Buy Dragonchain Token at Kucoin (DRGN)

This is a short guide to safely buying Dragonchain Token (also known as DRGN coin) on the Kucoin exchange.

What is Dragonchain

Dragonchain™ platform attempts to simplify integration of real business applications onto a blockchain. Providing features such as easy integration, protection of business data, fixed 5 second blocks, currency agnosticism, and interop features, Dragonchain shines a new and interesting light on blockchain technology.

Dragonchain™ was developed in 2016 at Disney in Seattle by a small but very cool team of Blockchain technology advocates.  IT is one of the first US regulated and approved ICOs and is still based and operated out of Seattle, Dragonchain aims to by an Ethereum like plaltform for blockchain development.

Step 1 – Register at Kucoin

To buy the token, you first need to sign up at Kucoin.

First go to Kucoin.

Next you need to click on the “Sign up” link.

Go ahead and Register at Kucoin by adding your personal details.

To sign up for Kucoin you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Kucoin Account.

You’ll be asked to activate your account before you can log in on Kucoin.

Go to the email you entered and click on the link sent by Kucoin to complete the registration process.

You may need to check your spam folder.

We strongly recommend you set up 2 factor authorization (2FA) on your account.

Step 3 – Log On to Your New Kucoin Account

Go back to Kucoin and use your new account details to log in.

Step 4 – Fund your Kucoin Wallet.

Before you can buy your new tokens, you need to have funds in your Kucoin wallet.

Note that you can’t send fiat currency direct to Kucoin.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Kucoin.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, click the dollar symbol to open the deposit page

Then click on the “Deposit” button and search for ETH.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Kucoin account.

Step 5: Trade your Ether for DRGN tokens.

Click on the ‘Markets’ link at the top menu, next to the Kucoin logo.  And navigate to the ETH tab.

Search for the DRGN/ETH pair among the list displayed on the page.  You can type DRGN in the search bar if you can’t find it.

This will take you into a trading screen like the one below.  It is straightforward to purchase from here.

Under the DRGN/ETH chart, you’ll find the Buy DRGN section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each DRGN token.

The second box with the Amount label is where you enter the number of Dragonchain Tokens you plan to buy.

You can also use the ratio slider to indicate what percentage of your funds you want to spend.  sliding to  100% button uses all the ETH in your account.   50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Kucoin.

Ready to buy?

Go ahead and Click on the “BUY DRGN” button.

How to Buy Z Coin at Binance (XZC)

This is a short guide to safely buying Z Coin (also known as XZC coin) on the Binance exchange.

What is Z Coin

Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs. It is worth noting that Zcoin is unrelated to other cryptocurrencies utilizing the Zerocash Protocol.

Although Zerocash is a development from Zerocoin, their respective implementations are not simple forks of each other, but rely on different cryptographic assumptions with various tradeoffs. Both approaches supplement each other quite nicely, and a good way to describe them would be sibling projects.

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for XZC tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

Search for the XZC/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “XZC” in the search box.

Under the XZC/ETH chart, you’ll find the Buy XZC section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each XZC token.

The second box with the Amount label is where you enter the number of ZCoin tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY XZC” button.

How to Buy Power Ledger at Binance (POWR)

This is a short guide to safely buying Power Ledger (also known as POWR coin) on the Binance exchange.

What is Power Ledger

Power Ledger uses blockchain technology to enable households and buildings to trade excess solar power peer-to-peer to make power more distributed and sustainable for consumers. The Power Ledger system tracks the generation and consumption of all trading participants and settles energy trades on pre-determined terms and conditions in near real time. Power Ledger is one of the most successful Australian ICOs to date..

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for POWR tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

Search for the POWR/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “POWR” in the search box.

Under the POWR/ETH chart, you’ll find the Buy POWR section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each POWR token.

The second box with the Amount label is where you enter the number of Power Ledger tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY POWR” button.

How to Buy Dash at Binance (DASH)

This is a short guide to safely buying Dash (also known as DASH coin) on the Binance exchange.

What is Dash?

Dash is digital cash you can spend anywhere.  You can use Dash to make instant, private payments online or in-store using a secure open-source platform hosted by thousands of users around the world.

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for DASH tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

Search for the DASH/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “DASH” in the search box.

Under the DASH/ETH chart, you’ll find the Buy DASH section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each DASH token.

The second box with the Amount label is where you enter the number of DASH tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY DASH” button.

How to Buy Stellar Lumen at Binance (XLM)

This is a short guide to safely buying Stellar Lumen (also known as XLM coin) on the Binance exchange.

What is Stellar Lumen

Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. With just one integration into the Stellar Network, you will join an open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation.

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for XLM tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

Search for the XLM/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “XLM” in the search box.

Under the XLM/ETH chart, you’ll find the Buy XLM section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each XLM token.

The second box with the Amount label is where you enter the number of Stellar Lumen tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY XLM” button.

How to Buy Monero at Binance (XMR)

This is a short guide to safely buying Monero (also known as XMR coin) on the Binance exchange.

What is Monero

Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes.

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for XMR tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

Search for the XMR/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “XMR” in the search box.

Under the XMR/ETH chart, you’ll find the Buy XMR section.

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each XMR token.

The second box with the Amount label is where you enter the number of Time New Bank tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY XMR” button.