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How to buy Monero (XMR)

Binance is the best place to buy, sell, trade, and hold XMR easily. Signing up for a Binance account will allow you to buy, sell, and hold cryptocurrency.
Buy XMR here

What is Monero (XMR)

Monero (XMR) is a Proof of Work blockchain forked from Bytecoin in 2012. The network focuses heavily on user privacy, meaning that addresses, transaction amounts, wallet balances, and transaction histories are hidden from third parties.

Monero’s consensus mechanism favors CPU-based mining rather than GPU or specialized mining hardware. Its block sizes also are dynamic and respond to network demand. Over time, the XMR mining reward for each block will decrease but reach a minimum amount to keep incentivizing miners. This mechanism means that there is no limit to the supply of XMR available. XMR is primarily used as a payment method and also for network fees.

Monero’s development is open to anyone who wants to participate, but changes to the network need agreement from more than half of the network’s validators.

How to buy Monero

Buy Monero with Bank Transfer
Buy stablecoins listed on Binance by wiring money from your account to the providers of these coins. Then, use these stablecoins to buy Monero on Binance exchange.
Trade Monero
Binance supports the deposit of more than 300 cryptocurrencies, several of which you can exchange for Monero at some of the best rates in the market.
Buy Monero with Credit Card
While it is not currently possible to directly purchase Monero with credit card, Binance offers the best route to purchase one of the coins available for credit card purchase and trade Monero for them with the best liquidity and lowest fees.

Buy and sell XMR on the Move

Download the Binance crypto trading app and trade your XMR plus 300+ cryptocurrencies, anytime and anywhere.
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Binance: Where The World Trades Monero

Fast
Binance’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.
Simple
Trading crypto on Binance is easy and intuitive. You only need a few steps to buy Monero instantly.
Secure & Trusted
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.
Liquid
Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

What to Do After I Buy Monero

Store/Hold Monero
Many users hold on to their Monero with the expectation of it increasing in value. You can store your Monero safely on your Binance wallet or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.
Trade Monero
You can trade Monero for 300+ cryptocurrencies on Binance’s industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Monero trading to meet your needs.
Earn Monero
Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Send Monero
Yes, Binance Pay allows you to easily transfer value around the world, fast. You can buy Monero online and send to anyone and anywhere with their Monero address at ZERO fees.
Spend Monero
You can also buy goods and services with your Monero. More and more vendors and retailers accept Monero every day. Visit any of the listed merchants to buy your favorite things with Monero using Binance Pay.
Learn More About Monero
You can read more in-depth articles on Monero and study how cryptocurrencies like Monero work on Binance Academy

Start buying XMR

If you’re ready to take the next step and want to buy some Monero, take the next step with Binance!
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