Monerujo: Best Android Wallet App

Monerujo Mobile Wallet

Every Monero user was waiting for a scalable and easy accessible android wallet for quite a while. Well, Monerujo is a perfect choice and a worthy project to pay your attention on to. Also, it’s developers have introduced a new layout, which makes the app look more professional now. It also comprises of some additional features like restoring view-only wallet, and old wallet via private keys, etc.

Android mobile wallet

Also, you can access Monerujo on an android mobile device only. The wallet doesn’t work on computers, and even not in iOS devices. On the website monerujo.io, you will find some additional information about the project by clicking “Docs” menu. It will redirect to the github community that manages Monerujo coding. Here, people post the problems they are facing, and then it is resolved by the Monerujo developers.

Using Monerujo

With the rise in the demand of mobile cryptocurrency wallet, everyone is looking for safe and secure solutions. Here’s the step-by-step instruction on how you can use Monerujo Mobile App:

Installing App

In case of most of the cryptocurrency, its okay to have at least one mobile wallet. Whereas, in case of Monero, the story is a little bit different. It is because every wallet should be built from scratch, and the underlying codebase is more complex than any other cryptocurrency tackling anonymity and privacy. Monerujo apk is only available for Android users currently. For installing the Monerujo app:

  • Go to your Google Play Store and Search for “monerujo.”
  • Now download the app and install it on your mobile
  • Open the App for further processes

Monerujo Interface

When the app opens, you will see your “Node” address to which you are connected. It is used to communicate with Monero Network. By this, you don’t have to download and store a copy of the entire blockchain. Monerujo already comprises preset of remote nodes, and it remembers the last five nodes used by you.
Click the “+’ sign at the bottom of the screen. It will comprise of four options:

  • Create new Wallet
  • Restore View-Only Wallet
  • Restore Wallet from private keys
  • Restore Wallet 25 word seed

New Wallet Creation

  • Click on the “create new wallet” icon
  • Now, fill the following information:
    • “Wallet Name” that you want for storing your monero coins
    • Generate a “wallet password” for securing your wallet
    • Click on “Make me a Wallet already!” button
    • You will be redirected to your “Public Address” key, and 25 words “Mnemonic Seed.”
    • Note all the 25 words, and click “I Have Noted These 25 Words!” button
  • Your wallet will get created and will appear on a home screen of the wallet app

Restoring View-Only Wallet

  • Click the “restore view-only wallet” icon
  • Insert the following details:
    • Wallet Name
    • Insert the password
    • Add the Public Address key, and View key
    • Insert the resort height, and click on “Make me a wallet already!” button
  • Your wallet will get displayed on app home screen

Restoring Wallet via Private Keys

  • Click “restore wallet from private keys” icon
  • Now, insert the following Information:
    • Name of the Wallet
    • Wallet Password
    • Add the public Address Key, which is 95 characters long
    • Insert “View key” and “Spend key.” They are 64 characters in length
    • Mention restore height, and click “make me a wallet already!” button

Restoring Wallet with 25-word seed

  • Click “restore wallet 25-word seed” icon
  • Now, add the wallet name and wallet password details
  • Insert “25-word Mnemonic seed” in the text bar
  • Enter the restored height
  • Click on “make me a wallet already!” button

The wallets are located in the internal storage of your mobile device. There will be a folder named “monerujo” that will comprise of the details of your wallets. You can also use file explorer app to access them. Make Monerujo backup of this folder on a regular basis in the off-device storage in case you format your device, or it gets stolen or something.

Managing XMR Transactions

  • Click the wallet you have created. A daemon connection check will start.
  • Now, fill your wallet password.
  • Then, Monerujo app will scan for the blocks.
  • Click on the “Receive” button.
  • Fill the XMR amount, and select the currency you want to exchange XMR with.
  • You can generate the payment id making transaction.
  • A QR code will automatically get generated, which you can use for receiving payment.

Monerujo Donation Program

You can also donate Moneros to the Monerujo project. It will help the developers to make positive changes in this wallet app to make it more flexible.

  • Click the “Heart” icon in the top left corner of the app.
  • The donation address of Monerujo App will appear, which you can scan to donate the Monerujo wallet.

Monerujo Fees

The Monerujo fees depend upon the size transactions you are going to make. The amount you will be sending will not alter your transaction size, but the input and output amount will. For example, a normal transaction of 1 input and two outputs charges 0.012 XMR fees with normal priority and around 0.003 XMR with low priority.

Monerujo Github Service

When you access Monerujo on a desktop, you will see the “Docs” icon on the homepage. When you click it, you will be redirected to Monerujo Github community. It is the forum where developers post their codes, that can be used to optimize the functionalities of Monerujo. Developers from all over the world, post their codes to resolves issues that other users might be facing with Monerujo.

Monerujo Testnet

You can use the test net for testing your wallet. It is an alternative blockchain, and its coin is separate that distinct from actual Moneros, having no actual value. It is recommended that you have a staging version of Monero network, as the people are running test nodes for binaries release, and for nightly build.

It can also run on a separate port and reset after every second hard fork, whereas the test net can reset after every hard fork. To run the test net, click on the top right corner of the app, and Check the Testnet option. Your test net will automatically start running. There will be a difference in color texture.

Conclusion

Monerujo is one of the good wallets and is a feasible and reliable XMR mobile wallet for receiving and sending cryptocurrency coins. One of its unique features is that it provides QR code scanner functionality for managing XMR transactions. This feature makes the XMR use more convenient and is being used in other mobile wallets also. Additionally, you can move more back and forth between multiple wallets in a single app. Sometimes you may experience that Monerujo not connecting to the wallet nodes, even if your Internet Connecting is stable. Also, the developers are working on making Monerujo ios version, so that iPhone users can also access it.

Pros

  • You can access several wallets within a single app.
  • With QR code scanning in android, you can easily make transactions without typing Monero address manually.
  • It is an open source project. So you can look into there codes to ensure the security of your wallets.
  • With XMR.to service, you can easily pay any BTC address.
  • You can’t take the screenshot of any activity you are doing in the app.

Cons

  • There’s sometimes node connectivity issue. The internet seems to work but is not connecting with the node address.
  • Currently, the Monerujo app is only available for Android devices, not for iOS, Windows, and Linux.
  • Sometimes, the Monerujo cannot reach node even if the device is connected to Internet service, which is a bug in the Monerujo App.
  • The wallet password generation mechanism is not strong enough. It accepts the password even its length is 1-character.

MoneroV Monero Hard Fork – What you need to know

MoneroV

With Monero having excellently maintained its reliability when it comes to private transactions, it is no wonder that it ranks amongst the top cryptocurrencies today, along with Bitcoin, Ethereum and Litecoin. But in the case of hard forks, how are such currencies affected? Earlier on, we saw Litecoin Cash (LCC) and even before that, Bitcoin Cash (BCH). However, one key difference between those two is each coin’s direct connection to its ancestor; Litecoin Cash (LCC) did not receive any official approval of the Litecoin community and therefore, it immediately rose suspicions. In a way, the same applies to MoneroV. According to Monero’s official statement:

“It is important to realize that the security of the Monero network and your own Monero is dependent on the security of your Monero keys. Your Monero keys are MONERO keys. Do NOT use them for any other purpose, including claiming coins from a Monero fork. Using your keys to spend the same outputs twice on different forked blockchains will damage your privacy, and others’, as both spends, will bear the same key image, but different rings, with only your spent output in common (this does not impact stealth addresses nor confidential transactions, just ring signatures). Moreover, by using such a “same keys” fork, the security of your Monero private keys now depends on those third parties.”

For Monero’s die-hard fans, MoneroV, despite its additional features, will most likely not provide for a direct replacement. An advanced privacy coin with extra add-ons, more governance, less spam and botnet mining, MoneroV has a limited supply of coins while Monero’s coin supply is infinite. That sounds interesting, but it would be even better and more trustworthy if it was supported by Monero’s official team as well; something that in this case, isn’t happening.

MoneroV Hard-Fork Date

In depth, MoneroV states:

“Bitcoin’s 21 million maximum coin supply was introduced specifically to avoid having a body that controls the money supply, completely restricting future inflation and devaluation of Bitcoin coins.Based on this merit alone, Monero would never be able to compete with Bitcoin as the world’s best digital currency, since the idea of infinite coin supply is the incorrect intuition. MoneroV adheres to core Austrian school of economics principles and caps the total amount of XMV coins that can be created to 256 million. The initial coin amount in circulation at the time of the hard fork would be 10 times the amount of XMR coins ( ~158 Million). XMR holders prior to the hard fork will receive 10 times the amount of XMV coins.”

Scam

There’s still a lot to be improved since MoneroV’s claims on devaluation still leave a lot to be desired. Devaluation cannot only happen due to a coin’s maximum supply; on the contrary, there are many factors to consider, most of which cannot be predicted in the short term. But apart from that, there’s been a rumor about censorship on its respective communities. And such a thing can never lead to great results.

In general, as with Litecoin’s hard fork earlier on, MoneroV is not officially approved and therefore, not to be trusted. Its features may as well prove to be beneficial, contributing to Monero’s network, but still, there is no official affiliation with Monero. Things do tend to get complicated after a hard fork, but in most cases, it’s just another attack on the initial coin.

XMR.to Service Review – Monero Wallet and Monero Tumbler

XMR

XMR.to is an online service that allows you to make anonymous payments of Monero coins to the sites you specify. The system is very easy to use and quite friendly to the eye. There is very little information on who are the founders of XMR.to. This is to be expected especially because it is a service that is highly based on anonymity. It started its operations in 2015. One basically sends Monero to XMR.to and they make a payment in bitcoin in your name. Many people do not want their business made public for everyone to see. Monero has provided this anonymity by hiding payment transactions you make. Xmr.to increases to this privacy making it possible to make payments to a third party and still cover your track. This has been very helpful to persons who love to make transactions through the dark market. Xmr.to can be accessed through the clearnet and also through Tor browser.

How to Place an Order

How to Place Order

To make payments with XMR, you will need to have Monero currency in your XMR wallet. In case you do not own any Monero currency you can use a centralized exchange like Kraken or a decentralized exchange like Open Ledger among many others. After you get Monero currency, visit the site through either clearnet or Tor browser. For privacy, it is good to use Tor browser.

First, enter the Bitcoin address you want to make payments to and then enter the amount you want to transfer. Once you are done click on the create tab. This will redirect you to the main page where you will need to fill in more details.

Order Summary

On the new screen, you will be given a twelve digit secret key, which you can use to track your order and its current status once you have made the transaction. Below the secret key, is information about the order you just placed and then followed by the amount of time you have to make the payments before your order expires. This is a current status displaying a countdown of the minutes you have, usually starting from 15 minutes. If the minutes run out before making the transfer, you can place another order or contact the support team if you had sent your Monero funds.

How to Pay

There are five ways you can make your monero funds deposits to the site:

1. Using integrated address.

Use Integrated Address

Click on the drop-down tab on this tab. An intergraded address that you will use to send Monero to XMR.to will be displayed and the amount to send. In a case, the address does not work you can choose one of the other four alternatives of sending your money, preferably the old style payment id.

2. The second option is using old-style address/payment ID

Using old-style Payment ID

You will click on the drop-down on this tab. This will display a payment id that will include making your transfer, an XMR address to send the money to and the amount to send.

3. Using Monero CLI wallet

Using monero CLI wallet

If you want to use a Monero CLI wallet, click on the third drop down tab. This will display a link on the screen. Then copy the link to your Monero CLI Wallet account to make the transfer.

4. Using open alias

Using open alias

Click on the drop-down tab on the third button which will display a payment ID that you will include to make the transfer, an open alias to send XMR.to and the amount you are needed to send.

5. Scan QR-Code

Scan QR-Code

To use a scan QR-Code, click on the last button on the drop-down tab. A scan code will be displayed. Use the code for your wallet software and make the transfer.

Order Tracking

You can always stop tracking the order anytime before the time lapses. Just click on the “stop tracking this order” and the action will be terminated immediately.

XMR.to Experience

Using XMR.to is very easy and fast. You do not need to create an account in order to make a transfer with them. You will only need the address of the bitcoin account and your Monero funds to make a smooth transaction. There are no extra fees charged for making a transfer. The additional amount displayed is what is needed to make the transaction. They have a minimum amount of 0.004 BTC that can be transferred and a maximum of 5 BTC. One is able to use one of the payment options available to make a deposit. By offering five payments methods, clients who do not pose either of the payments can make payments without having to create new accounts or transfer their funds to different systems to make a transfer. It will take you the shortest time to finish the entire process. After you send in your Monero tokens, all the site requires is a confirmation from the blockchain servers after which they will make the payments on your behalf. Unlike other transfer services, their site has no customizable delay making one transfer their funds within the shortest time.

The transactions are well protected that once you are done not even XMR.to will be able to trace the transfer activities. There is an onion address provided on their main page but you will need to use TOR browser for it to work.

It also allows you to check on your status through the use of a secret code provided on the site once you place your order. It is important to note that by creating an order you enter into a contract with them and violation of the contract will lead to you losing your money.

User Benefits

There is a contact email offered to customers in case they need further assistance by the site. One can email the support staff at support@xmr.to. There are also a set of Frequently Asked Questions (F.A.Q) to help the customer better understand their services.

Conclusion

Unlike many transfer sites, it has given many assurances of privacy. This has attracted a large pool of people to make transactions using it. Due to the increased use of Monero tokens the site has seen more activities generating a good income in the last couple of months. Its accessibility by Tor browser and cleaner net also helps it become popular, unlike other service providers who support only one of the browser systems. Additionally, it has become popular due to its additional feature allowing clients to be able to track their orders. This feature makes many have a reassurance that their payments transactions will be executed.

Pros

  • It is very easy to use.
  • It applies the Monero technology for better privacy for clients
  • It has a free API

Cons

  • There is no affiliate campaign
  • It requires a second cryptocurrency, bitcoin

Gate.io Exchange – Buy and Sell XMR Monero

Gate.io

Operated by Gate Technology Inc., Gate.io is a US-based exchange platform, available in English and Chinese. Offering low trading and withdrawal fees, along with a nice platform layout, it is a nice alternative exchange to other major ones, such as Hitbtc, Bittrex, Binance, and Cryptopia.

Gate.io Homepage

GET STARTED WITH GATE.IO

Along with Captcha verification, Gate also requires an additional Fund Password, used when trading and withdrawing. It is adding further security, which is very important when dealing with crypto exchanges.

gate.io Signup

After activating your account, you will then be redirected to the dashboard. Notice that apart from the common trading markets (BTC, ETH, USDT), Gate offers the QTUM Markets option as well.

A few words about QTUM:

“Combining a modified Bitcoin Core infrastructure with an inter-compatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.Designed with stability, modularity, and interoperability in mind, Qtum is the foremost toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a first-of-its-kind PoS consensus protocol, allows Qtum applications to be compatible with major blockchain ecosystems while providing native support for mobile devices and IoT appliances.”

gate.io QTUM

For an experienced trader, QTUM can provide some further opportunities when it comes to watching the trading market every day. The same way one would look into USDT as a trading instrument, QTUM can be used in the same way.

DEPOSITING / WITHDRAWING

Under the “Wallets” section, you can deposit and withdraw cryptocurrency. You can use any of the listed currencies but, in our case, it is better to use BTC, ETH, or USDT when looking to buy Monero (XMR). For depositing, choose the respective currency “Deposit” box and wait for the transaction to be completed, after sending the amount to the provided address. For withdrawing, type in the respective external wallet address, and send the desired amount to that address.

gate.io Currencies

BUYING / SELLING MONERO (XMR)

When looking to buy Monero or any cryptocurrency for that matter, you almost always come across the same page layout in every change. The only thing that changes is the chart, as each exchange doesn’t hold the same volume of coins. You first need to pick a trading instrument, meaning the currency you’re going to use to acquire Monero. Pictured in the image above, we have picked Bitcoin (BTC). After depositing some Bitcoin (BTC) to our Gate Wallet, we are now good to buy Monero (XMR).

gate.io Buying & Selling Monero

Under the “Buy XMR” section, type in the amount of Monero you want to buy. After that order is filled, you should be able to view that amount in your account balance. The same thing applies to selling. Based on your balance, you can sell that amount using the “Sell XMR” section.

Gate.io FEES

Gate.io does not charge any fees for depositing. As far as trading is concerned, there is a flat 0.2% charge, which is typical for other exchanges as well. Withdrawal fees vary for each coin, but they’re in no way higher than what one might have come across already.

PROS

  • Offline Bitcoin Wallet Technology
  • Two-factor authentication
  • Low Fees
  • Extra security
  • Good Deposit / Withdrawal processing

CONS

  • More coins could be listed
  • Low volume supply
  • Relatively new
  • Does not accept FIAT currencies
  • No leveraged trading provided

CONCLUSION

All in all, Gate.io offers for a great exchange, which is also based in the United States. They offer great security, along with low trading/withdrawing fees. That is not to say that further improvements could not be added though; there could be more coins listed, as well as trading options such as margin/leverage trading. But it is a relatively new exchange platform; we think it already provides for an excellent trading experience.

Cryptopia Exchange – Buy and Sell XMR Monero

cryptopia logo

When it comes to trading altcoins, or just relatively new coins in general, with low market cap, Cryptopia is a great place to be involved. Coming with a massive amount of coins listed, its low fees and easy verification can prove to be a great advantage over other altcoin exchanges. Below, we provide step-by-step guides on how to create an account and navigate through Cryptopia’s homepage, as well as buying/trading and other things when it comes to withdrawing Monero (XMR).

Cryptopia

Get Started with Cryptopia

Cryptopia Register

Create an account

Under the “Register” option, you will be prompted to provide a username, a password, and an email address.

For providing extra security, most crypto exchanges will also require 2FA (Two Factor Authentication). That is, basically, an extra layer of security, which makes your account safer and hence, harder to gain access to. How this works, is, if you set up a 2FA with Google Authenticator, you will first need to scan a cryptographed message, which in return will be generating additional self-refreshing passwords. So each time you log in to your account, you will be prompted to provide the other 2FA password as well.

More analytically, all Cryptopia accounts start with a static 4-8 digit Two-Factor PIN code which you set on registration, along with your email address and password. Once you have logged in you can then change this to other 2FA methods of your choice, including Google Authenticator, from the Security page on your Account. Please note that you need to remove the current 2FA setting before you can select and apply other types. If you are having an issue with invalid 2FA codes, please first check what type is being requested:

  • Pincode: This is a 4-8 digit PIN which you must set yourself when you first register along with your email address and password or set up later on the Security page of your account.
  • Email Code: An email with the subject Two Factor Login will be sent to your registered email address. EmailCode 2FA tokens expire in 15 minutes after being generated, so please use the most recent one received. If they are not arriving, see below for email issues.
  • Other options are Google Authenticator, Secret Question, Password, and the Cryptopia Authenticator device.

After that, you will need to verify your account by clicking on the link found in your verification email.

Once logged in to your Cryptopia account, you can start using the exchange, as well as some other features provided (more info below). Since we’re looking at Monero (XMR), we’ll go through the process of depositing, trading, and holding, right after we take a look at Cryptopia’s dashboard.

As a home page, Cryptopia provides the following sections/categories.

Cryptopia Home

CRYPTOPIA EXCHANGE:

This is where the trading takes place. As of yet, Cryptopia operates using five different exchange instruments; Bitcoin (BTC), Tether (USDT), NZed (NZDT), Litecoin (LTC), Dogecoin (DOGE). Instruments are in fact currencies you can use as a basis to trade other coins. For instance, if you were to buy Monero (XMR), you wouldn’t be able to do it using Ethereum (ETH). You would instead need to trade Ethereum (ETH) for one of the available instruments and after that, a trade that amounts for Monero (XMR).

Cryptopia Exchange

CRYPTOPIA MARKETPLACE:

Cryptopia also offers its Marketplace section, where you can buy and sell all sorts of things. From upcoming ICO tokens to services like cloud mining and art collectables. One can say this looks and works kind of like eBay, but with cryptocurrency as its funding instrument. All in all, the Cryptopia marketplace lets you sell anything, to anyone, anywhere in the world in exchange for the cryptocurrency, free of charge.

Cryptopia Marketplace

CRYPTOPIA FORUMS:

A great community which is useful when it comes to discussing topics such as trading ideas, mining, but also the altcoin market in general. It is also a great way to solve any issues that one can happen to come across on Cryptopia.

Cryptopia Forums

$NZD TO CRYPTO:

To access this section, further verification is needed. Apart from your country, your name and your street address, ID verification are required as well. It is mainly used when you need to convert New Zealand Dollars to crypto, by depositing to NZDt and trading it for the coins of your choice. Hence, the further verification making perfect sense.

CRYPTOPIA BUYING MONERO (XMR)

Let’s say you’ve been holding some Bitcoin (BTC), which you will in return use to get ahold of some Monero (XMR). You first need to deposit that Bitcoin (BTC) to your Cryptopia account.

Buying XMR

Once the BTC transaction is complete, you can then proceed to buy Monero (XMR).

Deposite

Under the “Exchange” section, you should see the XMR/BTC pair, which we will use to buy our Monero. In the “BUY XMR” box, you should be able to type in the amount of XMR you want to buy. The same thing goes for selling XMR as well, using the “SELL XMR” box.

cryptopia Withdraw

After that, your amount Monero (XMR) should appear in your wallet, which you can then hold or withdraw to another address.

WITHDRAWING MONERO (XMR)

It is the exact opposite process of depositing. Select what currency you wish to withdraw – in our case, Monero (XMR) – and then type in the exact amount and your wallet address.

FEES

As with most other exchanges, Cryptopia doesn’t charge a fee when depositing. As far as trading goes, there is a 0.20% fee for crypto-to-crypto trades. Cryptopia is mostly known for its low fees, but when it comes to withdrawing, you need to keep an eye on for each currency you wish to withdraw, as fees vary depending on the coin. Overall, there is a max 5,000 NZD withdrawal limit when cashing out New Zealand Dollars, which you can skip by providing extra verification (see $NZD To Crypto).

PROS

  • Excellent community
  • Huge amount of altcoins listed
  • Low Fees
  • Good customer support
  • Easy verification

CONS

  • It doesn’t use Ethereum (ETH) as an instrument
  • Low volume of coins
  • The user interface could be better
  • Does not support FIAT currencies
  • Lacks in advanced trading

CONCLUSION

For someone looking to trade altcoins, Cryptopia is a great exchange overall. It can lack in a more clean user interface, but its amount of coins listed and its easy verification make up for that. Also looking at its low fees, it can be a very useful tool for day trading, as well as acquiring new altcoins, holding and transferring cryptocurrency in between various wallets.

1xSlots Monero Accepting Casino Review

1xSlots logo

1xSlots is a Monero betting site that is unique to the gaming industry. It features state of the art graphics and design with a huge of range of games to choose from. Players will have the most fun with this Monero casino as it offers a variety of Slots, live casino, 1xgames and progressive jackpots with millions of cash.

This top-notch Monero gambling platform was established in 2007. The company owned platform runs with the slogan “Lady Luck is Here Do Not Lose Her,” such a simple yet catchy slogan. The site itself is quite impressive, and players can change the site’s theme according to their preference. For example, themes can be changed from red and yellow, blue and red or yellow and green; this is something players don’t often get to experience in other gambling sites. The site also does not restrict players who want to view the site before registration. Players can access multiple pages on the platform without registration including Live Chat. Another impressive aspect of the platform is that players have four different registration options available to them.

1x Slot Homepage

Newbies will have an easy time navigating through this Monero betting site user interface. To access the user interface, click on “My Account” at the top left part of the screen. There are plenty of options available for the players, including personal editing profile, account setting, and Deposit/ withdrawal Funds. Also, you can link your email address or phone number to the platform and also enable Two-Factor Authentication. 1xSlots has multiple language selections which help players from all walks of life to access the platform. The platform has a total of 49 languages including English (default), Chinese, Deutsch, German, French, Swedish, Spanish, Japanese and Vietnamese.

Did you know that you can access 1xSlots via mobile devices? Well, you can. Not only can you access this platform online but you can also download it on your phone. Mobile bettors will have an easier time betting while on the go. The mobile version is just as impressive as the desktop version, and there is no much difference, just that the display is a bit smaller. The platform works on various operating systems including Windows, Android, and IOS. Also, players can download Monero Android and IOS application directly to their phones. This option is available on the mobile version platform.

This platform is bound to attract a lot of gamers since it is very attractive and has a lot of lucrative features. However, most often players are not looking for an attractive site but rather a trusted one. Although the platform does not mention being licensed, the company’s customer support staff was quick to respond, that the site has a Curacao eGaming license validation.

How to Get Started 1xSlots

How to register 1xslots

Monero anonymity is one of the key attractions to this platform, and many private gamblers will enjoy the services of 1xSlots. There are four processes which players can use when it comes to registration:

One-Click

There isn’t much to this process, just, select country and currency and hit register and you are good to go. You can also enter the promo code at this juncture. One- Click is recommendable for anonymous players since it does not require any personal info.

By Phone Number

This process is also quick and easy. All that is required is for you to put in your mobile number, choose a currency, enter the promo code and hit the register button.

By Email

Unlike the first and the second registration process, registration by email is quite lengthy. It requires addition including First name, Surname, Email address, Phone number, and Password. Not forgetting, Country, Currency, and Promo code. If you like your Monero anonymity, this is probably not the best option for you.

Social Networks

You can use various social networks like Facebook, Twitter or Google + to register to the site. Simple click on the social network icon you prefer and sign in. By choosing this option, you are allowing 1xSlots to use your profile information for registration.

Point to note; whichever registration process you decide to choose, it will take you seconds to be part of this revolutionary online Monero gambling platform. Once your registration is successful, the next step is for you to load up your Monero wallet with some Monero coin and you will be once stepping away from achieving your goals.

A player from the United States of America and other restricted jurisdictions will not have the pleasure of enjoying games from this Monero gambling site.

How to Deposit and Withdraw

1xslots Deposit and withdrawal methods

1xSlots uses other additional currencies aside from Monero (XMR); players can choose to use either Fiat Currencies or cryptocurrencies. There are multiple Fiat currencies including Euro, US dollars, Russian ruble, Brazilian real and Chinese Yuan. However, they have based your location. When it comes to cryptocurrencies, you will have 15 options including Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC) and Dashcoin (DASH). Not forgetting Ethereum (ETH), Nem (NEM), Zcash (ZEC), Bytecoin (BCN), Game credits (GAME), and Sibcoin (SIB). Also, players will have large payment and withdrawal options. However, this will depend on your location.

1xSlots has simplified the selection process of the payment option by categorizing them. For example, you can select, recommended methods, All Methods, Bank Cards, E-Wallets, Mobile Payments, Payment Systems, Prepaid Cards, and Cryptocurrencies.

Depositing Monero into your 1xSlots account is quite easy, just click on “Deposit.” Once on the page click on Cryptocurrency then “Monero.” You can use the Monero wallet address given, or you can scan the QR code. Also, there is an alternative address available for you. The minimum deposit amount is 7.50 mXMR, no maximum amount stipulated. While the minimum withdrawal amount is 200 mXMR, there is no maximum withdrawal limit.

The Casino Experience

Games 1xSlots

1xSlots online Monero casino is full of fun gaming experiences for players to indulge in. To begin with, the platform has a huge library consisting of 2,000 games which you can try out for free or play for real money. The slots section is massive, and players will be overwhelmed by the multiple choices available. Slots enthusiast can choose to bet on live slots, jackpot games, or 3d slots. Some of the available slots games you can indulge in include Valhalla, Santa, The Asp of Cleopatra and Durga.

If you love video poker or Roulette, this is also the place for you. A live casino can also be your favorite section, with game options like Roulette, Blackjack, Baccarat, Sicbo, and Caribbean Poker. Why would you want to there? When you also have 1xgames within reach you can as well indulge in games like 21, Witch: Game of Thrones, Lucky Wheel, Western Slot, and Yahtzee. Something extra about 1xSlots is that has weekly race tournaments, which is a fun way to compete against other players, with games like Trump IT, Fear the Zombie and Mysteries of Egypt.

One look at the site and you will realize that there is massive workforce behind it. 1xSlots is working with some of the top software and game developers in the industry. You will come across some big brands like Microgaming, Amatic, NextGen, EGT, Bet Soft, iSoftBet, Endorphina, NetEnt, and Mr Slotty.

1xSlots games are not provably fair. However, this does not mean that the games are not fair. Since most games are developed by some of the most top trusted brands, bettors do not need to worry. Also, the games are categorized by their developer, so simply click on your most trusted provider and start betting, it’s that simple.

1xSlots User Benefits

1xslots Special offers

Aside from players enjoying this Monero betting site, there are plenty of other good things to love about this platform. The first one being a hefty registration bonus of €300, which newbies will enjoy. Another interesting offer is the 100% first deposit bonus plus 30 free spins; this promotion requires a minimum deposit of €10. Some of the special offers this festive season include 12 days of Christmas, Santa Tournament, 1xBlackjack Tournament, North Pole Roulette, and Secrets of Christmas. Players will earn plenty of cash prizes and free spin, all in one sitting.

1xSlots has an Affiliate Program, which you can access by clicking on “Affiliate Program.” Once on the page click on registration fill in the required details, and you are set to start earning some commissions. With the Affiliate program, you get to promote this online Monero Casino and earn cash. Also, the Affiliate’s earnings are not fixed since they will depend on the Casino’s revenue from the players, who have registered after following the Affiliate link. Affiliates will be earning 25% -45% of the casinos tidy profit.

The customer care services of 1xSlots are fast and easy to get in touch with. You can choose to either communicate via live chat or Email: support-en@1xslots.com.

Conclusion

1xSlots is paradise for every online player. It features over 2,000 games, very attractive bonus and promotion offers for both newbies and existing players. To add to that 1xSlots XMR gambling gives Monero users a gaming platform to enjoy.

PROs

  • Wide range of over 2,000 games
  • Very lucrative bonus and promotion offers
  • Multiple language selections
  • 1xSlots mobile (Android and iOS) application is available for download

CONs

  • Some games require flash player
  • Games are not Provably Fair
  • US players are not allowed to participate in any of 1xSlots activities
  • Wager requirement to be met within seven days

1xBit Monero Accepting Casino Review

1xbit logo

1xBit is a leading Monero Sportsbook and casino website that was launched in 2007. This Monero gambling site is jam-packed with a wide range of sports betting options as well as over 3,000 casino games for players to indulge in. Aside from that players have an extensive list of bonuses and promotions that are overwhelming for both newbies and existing players.

The theme colors are black and orange, which symbolize power and success and in this case, create a good ambience for betting. The site is hard to navigate but you wouldn’t expect anything less from such a big gambling site. The user interface, on the other hand, is something everyone even newbies can easily navigate. Once you have successfully created an account you can edit your information on your user dashboard. Simply click on “My account”, which will give you access to personal profile, Deposit, Withdrawal, bet history, account setting and log out option. Personal profile page enables you to add personal details like Email, Account number, and password.

This Monero Casino has clients from all over the world and to ensure that all clients are catered for they made the site visible in different languages. Some of the languages which Players can switch to include Arabic, Bulgarian, German, Greek, Spanish, French Croatian, Hungarian, Italian, Japanese, Dutch, Russian, Swedish, Ukrainian, and Chinese. If you would like a switch to your preferred language, click on the language icon at the top right corner of the screen.

Although 1xBit seem like a legit online gaming platform there is no information regarding their license or regulation. However, the company works with top notch developers who are well known and trusted in the gaming industry. Only players who are above the ages of 18 can access the site. 1xBit does not mention any restricted countries meaning all bettors can access the site. Therefore US players and other players can bet on this Monero gambling site.

1xBit is undoubtedly a leading gaming site, players can access the platform using various mobile devices and that not all Monero android mobile application is available for download. This gives bettors the luxury of betting anywhere they are and at any time.

1xbit Homepage

How to Get Started

1xbit Register Process

Do you have a Monero Wallet and some Monero Coins? If you do you are one step from betting with 1xBit. Players who prefer privacy will also be excited as this platform offers Monero Anonymity. Getting started is simple all you have to do is create 1xBits account. There are two ways to go about it:

One-Click

This registration process is easy and fast and takes less than 15 seconds to register. All that you are required to fill is an email address and also your preferred currency, once done hit the Register button. A pop window will thank you for your registration and give you an account number and password. You are given the option of sending to email, saving to file or saving as a picture and use the information later to log in.

By E-Mail

The only difference between this registration process and One- Click registration is inputting own password. Therefore, simply choose your preferred Cryptocurrency, fill in password and email. Hit the register button once done. A recapture image will appear asking you to click on an image, once done a link will be sent to your email address for activation. Click on the link “Complete Registration”, you will be taken to 1xBit homepage where you have to log in.

One-Click is more preferred since it is faster than By Email. Both registration processes require an Email address, which raises questions given that the site uses Monero and other anonymous currencies.

How to Deposit and Withdraw

1xbit Deposit Page

Time to make some deposits and begin your betting experience. But first, let’s look at the various cryptocurrencies which are supported. They include Monero (XMR), Bitcoin(BTC), Dash, Dogecoin(DTC), GameCredits (Game), NEM/XEM, Litecoin (LTC), Ethereum (ETH), Bytecoin (BCN), Sibcoin (SIB), and ZCash (ZEC).

The depositing process is easy, simply click on “Deposit” at the top left corner of the screen or you can access it on My Account dashboard. Once on the deposit page, you will have access to 16 payment option, select your most prefered method. For example, if you want to deposit Monero, use the Monero coin wallet address given, they are two.

Alternatively, you can scan the QR code, which is also found on the same page. There is no minimum or maximum deposit amount stipulated when it comes to withdrawals. When it comes to withdrawals the minimum amount stipulated is 0.0373 mXMR, no maximum amount stated. In addition, there is no mention of any anticipated fees.

1xBit Casino Experience

The 1xBit platform has worked effortlessly to ensure that their clients get only the best by providing the latest and up to date innovations in the gaming industry. Players have access to some of the top features including top casino games, competitive odds for sports bettors, and live betting options. Some of the betting options include Sports, Live sports, Slots, Live casino, 1xGames, Virtual Sports, Poker and Toto. Sports betting fans can indulge in betting options like football, ice hockey, basketball, tennis, volleyball, Alpine skiing. Not forgetting American football, Australian football, golf, greyhound racing, handball, horse racing, rugby, skiing, snooker, speedway and water polo.

Casino enthusiasts should not feel left out as they can also indulge in over 3,000 casino games. If you fancy your slots game you can indulge in games like Resident, Navi, Fruit Fiesta, 15 Golden Eggs, and God of Fortune. The live casino option is also not a bad pick. Try out your luck with the live dealers. Earn some free spins and bonuses in the 1xGames category with games like Indian Poker, Dragon Gold and Yahtzee. Other games which players can enjoy include video poker, Roulette, Blackjack and Jackpot games.

All the casino games available can also be accessed by their provider. 1xBit is working with some top-notch providers including Tom Horn Gaming, Netent, Endorphina, Novomatic, Playtech, IGT, Amatic, and Play ’n Go. Not forgetting Quickspin, Mr Slotty, RedRake Gaming, Next Gen Gaming, Rival, Bongo, Booming Games, Interplay, TopTrend Gaming, and Pragmatic Play.

1xBit does not mention if all their games are Provably Fair, but while playing you will notice that only dice games are Provably Fair. Aside from that, working with some of the most well-known developers is somewhat a guarantee the games provided are trusted and fair.

The User Benefits

1xbit Commission Page

1xBit has something extra for its players aside from its wide range of games. This casino has some exclusive offers including a hefty welcome bonus. How does it work? After a successful registration, make your first deposit and you will automatically earn a 100% bonus of up to 1BTC. It’s that simple and easy. Other bonuses and offers consist of bonus games, ESports bonus calendar, Promo code store and jackpot.

The second way you can earn with 1xBit is through the Affiliate Program. This Program enables 1xBit clients to promote the online platform to different target markets. The affiliates will do so with a few backups including quality promotional materials and latest reports, which are updated in real time. In addition, affiliates will have access to some of the highest commissions in the gaming industry. Affiliates should be ready to earn up to a whopping 40% commission. You can register for the affiliate program by simply clicking on “Affiliate Program” at the bottom left part of the screen.

Conclusion

1xBit is a Monero Casino that is above most online casinos. It features a collection of over 3,000 games, which provides players with the ultimate gaming experience. In addition, the Sportsbook section is jam-packed with some of the best odds in the market. So get ready to have the best Monero betting experience.

PROs

  • Extensive collection of over 3000 games
  • First deposit bonus of up to 1BTC even when spending Monero
  • Supports most mobile devices and has an Android application
  • Up to 40% affiliate commission

CONs

  • Some games require Flash player
  • Only dice are Provably Fair
  • Countries with restricted jurisdictions cannot play
  • No Fiat currencies supported

HitBTC Exchange – Buy and Sell XMR Monero

HitBTC is a European Bitcoin exchange and one of the most advanced exchange portal in the world. It offers 0.1% fees for every trade you make. You can trade various cryptocurrencies such as Monero, Bitcoin, Litecoin, Bytecoin, etc. and current fiat currencies such as USD, EUR. HitBTC.com provides cryptocurrency trading services to merchants, individual traders, and institutions worldwide. The HitBTC exchange review will cover every aspect of this exchange portal functionality:

Get Started HitBTC.com

This portion will include the points about how to register and login to your HitBTC.com account:

HitBTC Register & Login

Open a new tab and type hitbtc.com, and press the enter key. The following window will open on your computer screen:

getting started hitbtc

Click the “Register” Button, which is displayed in red color.

Now insert the email-id and password to register your account on HitBTC.com.

hitbtc sign in

The password should be at least of 6-characters and must comprise of one lower case, one uppercase letter and one number in it. After clicking the “Register” button, you’ll receive an email on the ID, on which you registered your HitBTC.com account.

hitbtc email verification

Click the blue link, it will take you to the HitBTC.com home-page. Now, enter your email and password to sign-in into your account. You can even click the “Sign in” button for HitBTC login.

hitbtc exchange page

You can even change the language from English to Chinese, by clicking on the Language Menu on the right-side of “Sign In” button.

Also, you can change the night mode to light mode.

hitcbtc night mode

HitBTC.com Terminal

After signing-in into your account, HitBTC.com terminal will open, which will comprise of following menu items:

Exchange

Account

Reports

Markets

System Health

HitBTC.com Settings

Click the “Setting” icon, right next to deposit button. The following window will appear:

hitbtc promo codes

General Settings

In the general settings, you can do basic settings of your profile like a setting-up nickname, change your time zone and then enter your password to confirm changes.

You can also redeem the promo code if you have any.

Security

Click the “Security” menu to set-up the security of your account.

You can change your current password and also set the two-factor authentication for enhancing the security of your account.

hitbtc security

HitBTC API Keys

Thanks to HitBTC.com API’s, it is now known as one of the most user-friendly portals for the people who use trade bots.

Click the “API Keys” tabs, and then click “New API key” button.

Your HitBTC API Key will get automatically generated.

You can add multiple API keys here.

hitbtc api

Account Verification

You can upgrade your Verified status in advance by sending an email to compliance@hitbtc.com.

Your email must contain the following information:

Personal information such as name, surname, date, and country of birth.

Address details which should include, country, city, postal code, region (optional), street address.

Bank account information. It will cover bank name, IBAN/Account number, BIC/SWIFT code.

Other supporting documents such as identity proof, residence proof, and bank account ownership proof. All these documents should be color copies.

Make sure that your scans or photos meet the following requirements:

Documents must be valid from the date of issue.

Both sides of photos or scans must be uploaded.

The scanned images must be colored and of high resolution, minimum 200 dpi.

Supported formats are gif, pdf, jpg, and png.

The file size must not exceed 10mb.

Photos or scan must not be older than three months.

Issued documents must be in Latin alphabets or must contain Latin transliteration of main fields.

For Identity Document, you can choose any of the following:

National Passport (Double Page) or National ID card (both sides).

Driving Licence

International Passport

You can chosse any of the following document as your residence proof:

Bank Statement

Utility Bill

Council Tax or Tax return

Electricity Bill

For Bank Account Ownership proof, give any of the following details:

Original letter from your bank

Your bank account statement

Note that for giving your bank account proof, you are not allowed to give screenshots or the electronic documents. It should be paper-based and must be drafted on bank letterhead.

HitBTC Affiliate Program

The HitBTC.com affiliate program comprises of making rewards via your custom links. You can make up to 75% of reward from the trading fees of your friends who will use your referral links.

You can share your link on various social media platform.

hitbtc affiliate program

HitBTC XMR Trading Platform

To begin with, HitBTC.com trading mechanism, follow the given steps:-

Click the “Account” or “Deposit” Menu on the home page.

Search for the XMR in the search bar.

hitbtc xmr trading platform

Now, to begin with HitBTC deposit, click the “Deposit” Icon to credit your account with Monero. You can copy the wallet address, or scan the QR code. Use this code to deposit Monero.

hitbtc deposit qr code

If you want to withdraw Monero, then click the “Withdraw” tab.

Fill the amount you want to withdraw, wallet address and the Payment ID.

Then Click “Withdraw” button.

hitbtc withdraw xmr

HitBTC.com Reports

This section will comprise of the reports of your account summary, orders, trades and payment history.

You can generate a report on monthly, weekly, yesterday, or on a present day basis.

Let us assum you want the report of XMR trading. Click the “My Orders” tab and in market section, search for XMR. The details of XMR will get displayed.

HitBTC.com Customer Support Center

Click the “Support Center” menu at the bottom of the homepage.

The page will comprise of some frequently asked questions that users ask from the HitBTC.com team. If you are unable to find your answer, then scroll down the page and click the “Submit a new request” button.

Now, fill the following details:

Your Email Address

Subject of your query

Description of your request

Attach a file if any

Click the Submit Button.

HitBTC.com Monero Trading

The exchange fees for making a trade of XMR/BTC, XMR/ETH, and XMR/USDT is 0.1%, and the rebate amount is 0.01%. If you want to know about how to trade on HitBTC, then here’s a quite guide for you:

To begin with, Monero exchange, Go to the Exchange tab and search for XMR in the search bar.

You can trade XMR with only BTC, ETH and USDT. It is not available with ICO.

hitbtc trade xmr

Say you go with XMR/BTC. Now, go to the Buy or Sell XMR section. They will comprise of Market, Limit, and Scaled order section.

Let us say you go with Limit order section with XMR/BTC trading for buying XMR.

In the Limit Order section (Buy XMR), select the desired option from the drop-down menu. It will comprise of the following options:-

Good-Till-Cancelled

Immediate-Or-Cancel

Fill-Or-Kill

Day

Good-Till-Date/Time

Fill the total amount of XMR you want to buy in the “Amount” text bar.

Set the price.

The total amount of Monero you’ll get will be automatically calculated.

Click the “Buy Limit” button.

Follow the same steps if you want to sell XMR for BTC.

XMR/ETH

For making an exchange with “Market” order tab, let us go with XMR/ETH trade and want to Sell XMR for ETH.

Select the “Stop” option, if you want to set the stop price.

Fill the amount you want to sell.

hitbtc example xmr trade

Now, set the stop price in case you selected “Stop” option.

Click the “Sell Stop” button.

The approximate ETH amount that you will receive after selling will be shown above “Sell Stop” button.

Follow the same steps for buying XMR.

XMR/USDT

Click the USDT tab for making XMR/USDT trade.

Go to the “Buy XMR” section and click on “Scaled” tab.

There’s a settings icon. Click on it and select any choice you want to begin your trade with.

Now, set the XMR amount you want to buy.

Set the price step, minimum and maximum price.

The order count will get automatically calculated.

Click the “Buy Scaled” button.

Conclusion

HitBTC.com is a popular XMR exchange with unique features that make it compatible with trade/ exchange of FIAT and cryptocurrency. Some of the popular features of the website support for FIX protocol and capability of opening demo trading account. It allows you to test the trading features without damaging your wallet. Additionally, the HitBTC.com company does not accept FIAT currency transfers made by average traders.

PROs

  • The trading platform of HitBTC.com is user-friendly and easy to handle.
  • It provides support to a maximum number of altcoins available.
  • The commission structure is very competitive.
  • There are specific advanced tools for trading XMR.
  • Trading volume is very high.
  • There’s also HitBTC Android App for smartphones on play store.

CONs

  • So much information is required for HitBTC.com account verification.
  • Exchanging portal for Novice traders is difficult and also not support credit cards payment.
  • It was hacked back in 2016.
  • There’s not much information about the company.
  • It does not accept fiat currency transfers from many traders.
  • There are reports of negative HitBTC reviews.

Abucoins.com Exchange – Buy and Sell XMR Monero

abucoins.com exchange

Getting Started with Abucoins.com Exchange

Abucoins.com is an exchange for trading cryptocurrency through the medium of fiat-crypto or cryptocurrency-cryptocurrency trading. With offices in both London and Dubai, it was founded on the principles of putting the customer’s needs first. The exchange has a user-friendly, two-level interface, (basic and advanced) both of which are easy to navigate

The first impression a visitor gets about the Abucoins exchange review when you visit the website is how well-structured the home page is laid out. All the initial information a person might need to get started on the crypto-exchange is plainly visible on the first page. Unlike other similar trading platforms, the exchange provides an innovative interface with various tools for technical analysis, and it also features various pricing charts. Other important trading elements on the platform is that it includes a trading history window, market depth, and an order book.

The trading platform conveniently presents the information you will need about registering and logging in a simple way. The initial details about the type of trading you can take part in on the exchange are immediately and clearly visible.

abucoins getting started homepage

Abucoins Account Registration

With a user-friendly interface, the Abucoins Exchange Platform is easy to navigate. On the right upper corner on the website, there is a slider button that will enable you to switch from the basic to the advanced interface.

The registration process is not complicated. Once you are on the site, you will see the REGISTER/LOGIN button on the upper right corner of the homepage. Here are the steps to follow to register.

Click on the button marked “Register”

This will take you to the creating account page.

You will then see a field for your personal details i.e. Your valid email address and a unique password with the following:

abucoins create account

You will then repeat your password

And then you click on the Terms/Privacy checkbox

The final step in the registration process is to click the “I am not a robot” button

After completing the registration process and you are logged in, you will be required to verify your account.

A word of caution, however, is that if you are not able to get your Abucoins account verified, that would mean a country/state restriction e.g. residents of New York and Washington state in the US. Also, most Asian and African countries are under the same restriction. You can contact support by clicking on the chat button on the lower right corner to find out whether your specific location is restricted or not.

You can still avoid the restriction by using a VPN (Virtual Private Network). This will hide the source of your IP Address, and enable you to proceed with the verification process. Here is how the VERIFICATION page looks like.

abucoins trading platform

Abucoins.com Trading Platform

The Abucoins exchange trading platform accommodates various languages and a number of well-known cryptocurrencies. One of the altcoins available for trade now is XMR/BTC. But in the future, the exchange will host more than 30 trading pairs, and quite a number of fiat currencies like the USD, the EUR, and the PLN. This makes it easy for traders on the Abucoins API exchange to cash out their coins or use cash to buy cryptocurrencies.

Traders on the platform enjoy convenient payment methods because a number of fiat currencies are supported. In other words, you can easily use credit card payments or bank transfers to carry out your transactions on the exchange. Apart from Dotpay bank wire payments such as Mastercard and Visa are support on Abucoins exchange.

The trading platform is scalable, and you can use quite a number of other devices like tablets, smartphones to access your account. The use of Abucoins exchange is not limited to computers/PCs only.

Abucoins.com Verification

In the midsection of your account’s page, you will see the option requiring you to verify your account. Before taking part in any transactions after registering your account, you MUST have it verified.

The Abucoins exchange has a two-tier verification process. First, you will need to create your account on the exchange. Secondly, having created the account, you will be required to establish or set up a 2-factor authentication.

  1. You will need to verify your bank account
  2. You will also verify your identity

Abucoins verification

The steps include: Your name, your email, your city, road, house NO:, state, your postal code, phone number, country, date of birth, document – ID/PASSPORT, the expiry date of your document, your selfie plus the images for your identity – both front and back,

Once you provide all the above details, you will wait for your verification. Some exchanges can take several days, weeks or even months to complete the process, but in Abucoins exchange, it takes just a day or two to get your account verified.

After having your account verified, you can now take part in real trading by having your withdrawal limit increased. However, to take part in any trade, you will need to deal in real money. Payments are made in real cash. The currencies used on the exchange are as follows:

abucoins verify your account

Abucoins.com Monero XMR Trading Platform

  • To trade Monero, go to the User Panel (Indicated below with the right-pointing arrow. You will see the price, amount, and the completed, order, date and delete order.abucoins buy XMR
  • Next, you will see the transaction history. Here the session expires, but you can click the ok button to proceed.
  • Everything you do about your order has a corresponding price, amount, and date.abucoins trade xmrbtc
  • You will see charts that demonstrate your orders, the market depth, and your trading history.abucoins trade history
  • There are deposit limits for both the BTC/ETHabucoins deposit xmr
  • There is also a daily withdrawal limit which you can do by withdrawing Monero or exchanging your Monero to withdraw Bitcoin
  • And of course, there is the Maker fee which is 0.0%. Maker fee is charged, when your order is not completed immediately when it is in pending status and you are waiting for someone to buy it. If you set the price you need to wait for someone to sell it at the price that you have provided.
  • And the Taker fee which is 0.1% will be charged when the transaction proceeds immediately because it is the same as or above the price you have provided.

Abucoins.com Conclusion

PROs

  1. The user interface has options for both basic/advanced trading
  2. The exchange supports several fiat currencies such as the USD, EUR
  3. Accepts a number of payment options including wire transfers.
  4. The platform has advanced features
  5. It offers a wide selection of altcoins

CONs

  1. Like all platforms trading cryptocurrency, Abucoins exchange is not regulated.
  2. There is no cold storage for funds, so storage of client’s funds is not assured.
  3. Some trading pairs do not have enough volumes yet
  4. Offers only limited language versions, Polish and English
  5. Provides no margin trading

Binance.com Exchange – Buy and Sell Monero

binance-logo

Binance.com focuses on low trading fees and deals in crypto to crypto exchange. It doesn’t deal with fiat, so there aren’t any regulatory issues on it. The listing of Altcoins and initial coin offerings is impressive. It is a Hong Kong-based exchange website, and its servers are in South Korea.

Binance.com Registration & Login

Binance.com homepage

  • Open the website and click on the “Register” button for Binance exchange sign up. The registration form will open in new tab.
  • Now fill the information necessary to begin the registration process.
  • You are required to fill the following information:
    Binance.com Registration

    • Your email address, where verification will be sent.
    • Binance.com password.
    • Referral ID if any.
  • Then, click on “register” button.
  • A verification email will be sent to your E-mail ID.
  • Click on the “verify email”.
    Binance.com Account Activation
  • Now, click on “login” button.
  • For Binance exchange login procedure, fill the following information:-
    • Your email id
    • Password

Binance.com login page
When you press the login button, a pop-up window will appear, asking you to drag and drop the block in the empty space. This is an advanced version of Captcha and times you, informing you if you have defeated other people participating in a similar verification. It is to assure your successful login to your account.

Binance.com verification Captcha

Binance.com Dashboard

  • After login to your account, the Binance.com dashboard will open.
  • But before you get started with your trading, a pop-up window will appear, asking you for 2FA or SMS verification process. It is to secure your account, but you can skip this process also.
    Binance.com verification

Login Password

  • On the Dashboard, there’s an option to change your existing login password. Just click on “change” button.
  • Now, fill your “old password, new password and confirm password” details to change your current Binance.com password.

Two-Factors Authentication

  • In the 2FA procedure, there’s an option of SMS authentication. It is used for security and withdrawals modification.
  • Click the enable button to open SMS authentication page.
  • Now, fill your phone number. An SMS will be sent to you containing SMS authentication code.
  • Now, click the submit button.

binance.com 2FA authentication

Google Authenticator

  • It is also used for security and withdrawals modifications.
  • Click the “enable” button to open Google Authenticator page.
  • For enabling this service, follow the following steps:-
    • Download the mobile application for your Android or iOS device.
    • Now, scan the QR-code from your app. It is a 16-digit key.
    • Enable the 2FA by clicking the Yellow button in the 3rd
  • After clicking the button, a new pop-up window will appear, asking you to “Enable 2FA.” But first, enter the 2FA code from the mobile application.

API

  • By creating an API private key, you will get an easy access to the market and a real-time trading service on Binance.com via mobile application or 3rd party website.
  • Click on API Setting.
  • Now to get started with API, enter the API key label to create a new key.

Binance.com Account Verification

For submitting Binance.com verification documents you need to enable the SMS Authenticadtion or through Google Authenticator.

Binance.com Language Support

binance.com language support

The website supports multiple languages such as Chinese, Spanish, English, Korean, French, Japanese and Russian. It enables them to stand in the international market.

  • Click on the Flag Menu in the top right corner of the website and select your preferred language.
  • The website will get converted to your preferred language type.

Binance.com Labs

binance labs application

Binance labs is a startup company that helps other startups to settle down in the business world. It is also a blockchain technology incubator and mainly focuses on pre-ICO(Initial Coin Offering) teams and projects. For applying the Binance Labs application form, follow the given steps:-

  • Click on “Labs” menu in the top middle of the website.
  • A new window will open. Then press the “Apply” button.
  • A forum will appear which contains the details that you need to fill. Following are the number of fields that you have to fill to apply for placement in Binance.com Labs:-
    • Email Address
    • LinkedIn or other professional profile
    • Permanent link to your white paper
    • URL of the Official Website
  • There are few questions that you need to answer as given below:-
    • How you measure the success or failure of your every milestone?
    • The amount of fund your need to attain every milestone?
    • Your Target Valuation?
    • Where’s your team based, and your legal incorporation?
    • Additional information that you want to share?
  • After filling all the details, click the submit button. You can also request a copy of your responses.

Binance.com Launchpad

  • After registering your account, click the “launchpad” menu, and the following window will appear in the new tab.
  • Now, select the LaunchPad project in which you want to participate.
  • Get into the purchase page, and you will see the UPCOMING or SUCCESS.
  • Press the “Buy Now” button if it appears to be yellow. If there’s a “success” written over the project, then you can’t buy it.

Binance.com Customer Service

  • For running the exchange successfully, it is necessary to have a proper customer support team. The Binance customer service is capable of answering every query promptly.
  • Click on the “support” button, and a new tab will open.
  • If you click the Announcement tab, it will take you to the “Latest News” and “New Listings” page.
  • The “FAQ” tab contains the answers to the questions that users ask the customer support team.
  • There’s also a “submit request” on the top of the screen, where you can submit your query. Follow the given steps to submit your request:-
    • Click the “Submit Request” button.
    • Now, select the issue from the drop-down menu.
    • For example -In case you select the “Help with Deposits” option. Then fill the following fields:-
      • Subject
      • Description of the query
      • Your Finance account email
      • Select the issue type from the drop-down menu
      • Enter the coin name
      • Your Transaction ID, and address
      • Tag/Memo/Transaction Payment ID
      • Attachments of the files
    • Now, click the submit button.
    • Likewise, you need to fill the form whenever you have a query regarding any issue.

Binance.com Funding

how to fund binance.com account

  • Go to the “funds” tab and click “Deposits & Withdrawals.”
  • Now, search for the coin XMR (Monero) and click.
  • Click the “deposit” button. A message will appear stating why it is necessary to have a withdrawal address for depositing XMR.
    binance.com xmr deposit
  • Click “I understand. Continue” button.
  • Two different address will appear, showing “XMR deposit address” & XMR “deposits.” You can only send Monero currency to these addresses. If you attempt to send another currency to these address, it will result in loss of your Binance.com deposits. Copy or scan the QR code to make the XMR deposit.
  • If you click the withdrawal tab, it will ask for SMS or Google Auth. If you haven’t done it, it is strongly recommended that you verify yourself using any of these two methods.
  • When you click “Trade” button, two options will appear, XMR/BTC and XMR/ETH.
    binance.com xmr trade options

When you select any of the options, it will take you to the trading page. Let us say you select XMR/BTC, it will open the following page:-The “History” tab will comprise of your withdrawal and deposit history.

  • You can even export your complete deposit or withdrawal history if you like.

Binance.com Order

  • Go to “Order” tab and click on “Open Orders” button.
  • The list of your open orders will get displayed if you have any.
  • The “order history” section will display the details of all the orders you have made.
  • Trade history will display the withdrawals and deposit history.

Binance.com Trading

how to trade on binance.com

  • Click the “Exchange” tab and select the “Basic” menu. The following screen will appear:-
  • Don’t worry about the graph and numbers displaying. They may seem to be overwhelming, but you can ignore them.
  • The XMR will always appear in a pair such as XMR/BTC, XMR/ETH.

Searching XMR coin

  • Search for the XMR coin in the search bar on the right side of the screen.
  • Select the ETH tab for opening XMR/ETH data.

Buying XMR Coin

  • Select the Market tab.
  • Now, set the amount accordingly. It can be some coins or the percentage of your ETH wallet.
  • Click “Buy XMR.” Now you know how to buy XMR using ETH.

Selling XMR to BTC

  • Click the BTC menu next to ETH menu.
  • Search for XMR in the search bar as shown in above figure.
  • Click on XMR/BTC pairing.
  • Now, go to “market” tab.
  • Enter the amount of XMR or XMR balance percentage you want to sell.
  • Click on “Sell XMR.”

buying xmr selling xmr binance.com

Limit Order

Limiting XMR trades binance.com

  • Search for the XMR in the Search bar as described in the above sections.
  • Select the XMR/ETH pairing.
  • Now, click the “Limit” order section.
  • Now enter the amount you want to sell or buy.The price being displayed is the limit put on the amount of XMR you want to sell or buy.
  • The total cost will be automatically calculated.
  • Click the “Buy XMR” or “Sell XMR” button to make your trade.
  • Same is with making Limit Order trade with XMR/BTC.

Stop-Limit

  • Select the “Stop-Limit” section, next to the “Market” section.
  • Let us say that you are going with XMR/BTC pairing.
  • Now, put the stop value of your ETH balance in “Buy XMR” section. Or, put the stop value of ETH value in the Sell XMR section if you want to sell your Monero.
  • Set the limit of the ETH.
  • Now, fill the total amount of Monero you want to sell or buy, in their perspective sections.
  • Press the “Buy XMR” or “Sell XMR” button according to your selections.

Binance Coin Exchange Advance Menu

ethxmr trading

  • Go to the Exchange menu and click “advance” tab.
  • A dark colored screen will open displaying graph and numbers in systematic order.
  • You can select the XMR/ETH or XMR/BTC by going to the drop-down menu, next to the “Account” option.
  • Search for the XMR and then select the XMR/BTC option.
  • The Limit, Market, & Stop-Limit sections function same just like the “Basic” section works.
  • The trading fees of Binance.com crypto exchange is 0.1%.
  • Withdrawal fees of Monero is 0.04.
  • Let us say you want to make Monero trade using BTC.
  • Then, choose the “Limit” order section, and fill all the necessary details.
  • Click the “Buy XMR” or “Sell XMR” button to make your trade.

Conclusion

The Binance Exchange is known for its fast processing speed, and its myriad of coins and low trading fees is unmatchable. It is capable of processing over 1.4 million transactions/second. In the blockchain community, Binance.com coin exchange is viral these days. The other cool thing about this company is the financial support it provides to other start-up companies, although it is in cryptocurrency.

Pros

  • There’s a Binance android app to run the exchange on smartphones. It is also compatible with iOS.
  • The site supports multiple languages.
  • It also offers BNB tokens to reduce your trading fees
  • Significant amount of transactions( over 1.4 million) get processed each second
  • Provides two modes of exchange views: Basic and Advanced
  • There are low Binance fees for withdrawals and purchases.

Cons

  • Right now, two-factor authentication is only supported by Chinese phone numbers
  • It does not support Fiat money transfers
  • The company is Chinese based, so there’s no guarantee that how Chinese Government regulatory actions can impact the exchange
  • Few issues have been reported in the Android version of application
  • Reports of withdrawing delays for specific coins from Binance