How to Buy Monero on Binance
Updated 2026 guide: registration, KYC, and buying Monero (XMR) on Binance. 0.1% fee per trade.
Exchange overview
Rating
9.5/10
Spot (maker / taker)
0.1% / 0.1%
Listed coins
450+
Country
Abu Dhabi (UAE)
Step-by-step guide
- 1
Step 1: Create an account on Binance
Visit Binance via our referral link and sign up. Click the Register button and enter your email and password. This takes about 2 minutes.
Open account Binance - 2
Step 2: Complete identity verification (KYC)
Upload a photo of your passport or driver's license and take a selfie. KYC typically takes 5 minutes to a few hours. Without verification the exchange limits withdrawals.
- 3
Step 3: Deposit funds
Transfer USDT, USDC, or fiat to the exchange. You can buy crypto directly with a bank card on the platform or transfer from another wallet.
- 4
Step 4: Find the Monero trading pair
Go to the Spot or Trade section and search for the XMR/USDT or XMR/BTC pair. Type the coin name in the search bar.
- 5
Step 5: Place a buy order
Choose an order type: market (instant, at current price) or limit (at your target price). Enter the USDT amount or Monero quantity and confirm the order.
Exchange fees
| Spot (maker / taker) | 0.1% / 0.1% |
| Futures | 0.02% / 0.05% |
| Listed coins | 450+ |
| Rating | 9.5/10 |
If you are looking to buy Monero (XMR), Binance is a strong choice. As the largest cryptocurrency exchange by trading volume, Binance provides a reliable platform for trading this Layer 1 project. Monero is known for its privacy features, making it an attractive option for many users who prioritize security in their transactions.
Step-by-step guide
Follow these steps to buy Monero on Binance:
1. Create account on Binance
Visit the Binance website and sign up for an account by providing your email address and setting a secure password.
2. KYC verification
Complete the Know Your Customer (KYC) verification process by submitting necessary identification documents. This step is required to comply with regulations.
3. Deposit funds
You can deposit funds into your Binance account via bank transfer, credit or debit card, or using cryptocurrencies. Choose the method that works best for you.
4. Find XMR/USDT pair in Spot
Navigate to the Spot market and search for the XMR/USDT trading pair to start buying Monero.
5. Place order
Decide whether to place a market order for an immediate purchase at the current price or a limit order to buy Monero at a specific price in the future.
Fees
Binance charges a spot trading fee of 0.1% for both makers and takers. If you choose to buy Monero with a credit or debit card, you will incur an additional fee of 1.8-2%. Note that since 2023, users from Russia face restrictions on accessing Binance services.
Tips
- Enable two-factor authentication for added security on your Binance account.
- Monitor the market trends for XMR to choose the best time to buy.
- Consider setting a limit order to avoid price fluctuations when purchasing Monero.
FAQ
How to buy Monero on Binance?
Sign up on Binance, complete KYC, deposit funds, and buy Monero in the Spot trading section using the Monero/USDT pair.
What are the fees for buying Monero on Binance?
The standard fee on Binance is 0.1% for makers and 0.1% for takers. Fees may decrease when you pay with the exchange native token or reach higher trading volume tiers.
Is Binance safe for buying crypto?
Binance is a licensed centralized exchange with multi-layer account security. Enable two-factor authentication (2FA) and avoid keeping large amounts on the exchange long-term.
Can I buy Monero with USD or EUR on Binance?
Yes, Binance supports fiat purchases (USD, EUR, and others). Use the Quick Buy section or pay with a bank card.
CoinMagnetic Team
Crypto investors since 2017. We trade with our own money and test every exchange ourselves.
Updated: April 2026
This is informational content, not financial advice. Cryptocurrencies are highly volatile. Only invest what you can afford to lose.