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What are the steps to buy Monero with Bitcoin on Binance?

avatarShRi ShivamDec 14, 2021 · 3 years ago3 answers

Can you provide a step-by-step guide on how to buy Monero with Bitcoin on Binance? I'm new to cryptocurrency trading and would like to know the process.

What are the steps to buy Monero with Bitcoin on Binance?

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Sure! Here's a step-by-step guide on how to buy Monero with Bitcoin on Binance: 1. Create an account on Binance if you don't have one already. 2. Deposit Bitcoin into your Binance account by going to the 'Funds' tab and selecting 'Deposit'. Choose Bitcoin and copy the deposit address. 3. Send your Bitcoin from your wallet to the Binance deposit address. 4. Once your Bitcoin is deposited, go to the 'Exchange' tab and select the BTC/XMR trading pair. 5. Place a buy order for Monero by entering the amount you want to buy and the price you're willing to pay. 6. Review the order details and click 'Buy XMR' to confirm the purchase. 7. Wait for the order to be filled, and you'll see your Monero balance in your Binance account. That's it! You've successfully bought Monero with Bitcoin on Binance. Happy trading!
  • avatarDec 14, 2021 · 3 years ago
    No problem! Buying Monero with Bitcoin on Binance is easy. Just follow these steps: 1. Sign up for a Binance account if you haven't already. 2. Deposit your Bitcoin into your Binance wallet by navigating to the 'Funds' section and selecting 'Deposit'. Choose Bitcoin and copy the deposit address. 3. Transfer your Bitcoin from your personal wallet to the Binance deposit address. 4. Once your Bitcoin is confirmed, go to the 'Exchange' section and select the BTC/XMR trading pair. 5. Enter the amount of Monero you want to buy and set the price you're willing to pay. 6. Review the details and click 'Buy XMR' to complete the purchase. 7. Wait for the order to be executed, and you'll see your Monero balance in your Binance account. That's all there is to it! Enjoy your Monero!
  • avatarDec 14, 2021 · 3 years ago
    Certainly! Here's a simple guide on how to buy Monero with Bitcoin on Binance: 1. Open a Binance account if you don't have one already. 2. Deposit Bitcoin into your Binance wallet by going to the 'Funds' tab and selecting 'Deposit'. Copy the Bitcoin deposit address. 3. Send your Bitcoin from your personal wallet to the Binance deposit address. 4. Once your Bitcoin deposit is confirmed, go to the 'Exchange' tab and choose the BTC/XMR trading pair. 5. Enter the amount of Monero you want to buy and set the desired price. 6. Review the order details and click 'Buy XMR' to finalize the purchase. 7. Wait for the order to be processed, and you'll see your Monero balance in your Binance account. That's it! You've successfully purchased Monero with Bitcoin on Binance. Enjoy!