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.

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

EXMO Exchange – Buy and Sell Monero

exmo exchange logo

EXMO is an exchange platform comprising of enthusiastic and committed professionals team, which are assembled from all over the world. The financial advisors are from Singapore, USA and Lithuania and their programmers are from Thailand, Spain, India, and Russia. Their primary goal is to create a convenient and secure cryptocurrency trading platform in the whole world. EXMO exchange supports the Monero, Dash, Bitcoin, Dogecoin, Ruble, Dollar, Litecoin, Ethereum and Euro wallets. The supported coins are Dash, Dogecoin, Bitcoin, Ethereum, and Litecoin.

EXMO Registration

The section will provide an overview of regarding registration process of EXMO account on EXMO.com:

Registration & Login Process

  • Open a new tab and type EXMO.com. Press the enter key, and the homepage will open.
    EXMO Sign up page
  • You can type your email address in the text field with sign-up button, or you can click on the Sign-up button on the top right corner of the website. When you go down to the website, there’s a “Register an account” button to create your free account on the site.
    EXMO Register Account
  • The registration page will open where you will enter your email, username, password and confirm password details.
  • There should be more than five Latin characters in the login section, and the password length should comprise of at least seven Latin characters.
    EXMO Registration Form
  • After Entering the Register button, you will receive the account activation mail in your email-id.
  • When you click the link, your account will get activated, and the message will appear as given below:
    EXMO Account Activation
  • Press the login button to redirect yourself to a login page. After that, the dashboard will open displaying the trading interface of the EXMO bitcoin. If you will log out and try to log in again, the email text field will show “check your email” message in-case you insert wrong email address, or it is empty. You don’t have to fill username in it. Instead, you will fill your email address on which it has been registered.
  • After login in, the dashboard will appear displaying Buy & Sell, Exchange, and Finance menu items.

EXMO Congratulations

EXMO Account Verification

EXMO Authorization

For managing the transactions, especially when you have to make bank deposits, EXMO verification is necessary. The following steps will provide you with the detailed information about how to verify your account:-

  • Go to your user-name menu and click on “Account Verification.”
  • After that, the following form will appear, and you have to fill the following fields:-
    • First Name
    • Last Name
    • Date of Birth
    • Document Series and Number
    • ID Document Expiration Date
    • Color Scan Copy of the Documents

    EXMO verification

    The following list shows the documents requirements that are mandatory for verifying your account on the EXMO:-

    • The duplicates or scanned copies of your documents must be of high quality. Details must be clearly visible for verification.
    • You have to submit colored scan copies, and it must be in the uniform background.
    • All four angles of the documents should be visible. Cropping is not allowed.
    • There must be no irrelevant article or object on the document, which doesn’t have a place with the first. For instance, cuts, fingers, and so forth.
    • Altered or graphically altered reports and the records containing examining/photographic impacts such as blurring and flashlights are not acknowledged.
    • Image format accepted are png, jpg, and size ranging from 500kb to 5mb.

    EXMO Document Requirements

    EXMO Private Messages

    • Click on the “private messages” tab to open your message section.
    • Your messages will be displayed in this section.

    EXMO Referral ProgramEXMO Referral Program

    The reason why users prefer to do their business on EXMO is that of its affiliate referral program. If you introduce your friends to EXMO, you can earn 25% commission, generated by their EXMO transactions. Just follow the following steps:-

    • Click on “Referral Program” tab.
    • Copy your referral code and share it with friends.

    EXMO pays 25% commission when your friend will register on EXMO website with your referral code and make exchange transactions.

    In case you want to add the EXMO bitcoin banner on your website, copy the banner code and add in the code of your site.

    EXMO Cashback

    EXMO Cash back

    Cashback is the part of the commission refund which is paid for the exchange. You will be paid back a small part of the commission generated by the exchanges. It will rely upon a volume of operations conferred as per the exhibited table. Cashback is aggregated through the span of a month and deposited in your account on the first day of the following month. Accumulations for all exchanges will be done in BTC. Operations in different cryptocurrencies or standard currencies will automatically change to BTC.

    EXMO Exchange

    EXMO is among the top ten digital currency trade that enables clients to exchange crypto coins and various fiat monetary forms, for example, the USD (U.S. dollar) and EUR (euros):

    • If you’re XMR cryptocurrency user, you may wish to begin by trading fiat currency with primary currency, for example, bitcoin.
    • It’s conceivable to perform EXMO deposits and withdrawals on exchange portal, store your XMR crypto coins in EXMO’s improved secure wallet, or execute exchanges and arbitrage openings on the brought together EXMO exchange mode stage.

    When performing the exchange of your Monero coins, follow the given steps:-

    • Click the “Exchange” tab.
    • Select the XMR (Monero) that you will be giving.
    • Then select the currency with which you want to exchange your XMR coin with.
    • Press the exchange button.

    Your available balance and the balance after exchange will get displayed on every exchange you are going to make. The exchange history is also given.

     

    EXMO Monero (XMR) Withdrawals & Deposits

    XMR or Monero addresses comprises of 95 characters string, which starts with number 4. Ensure that a four must lead the address you expect to send your XMR tokens to or else, the exchange will fail. A PaymentID is necessary to connect your exchange with your record along with Monero. PaymentID is 64 characters in length and ought to go with trades.

    If you want to perform XMR deposit, follow the given steps:-

    • Click the “Finance” tab.
    • Go down the screen and click the Deposit button given in front of XMR option.
    • Generate the Monero address by pressing “Create Address” button.
    • The minimum deposit amount is 0.1 XMR.
    • Your Monero Address will get generated, which you can copy and use for refilling your account.

    For making Monero withdrawal, follow the given steps:-

    • Click the “Finance” tab.
    • Click the withdraw button in front of XMR option.
    • Fill the withdrawal amount, and the amount that you’ll get is displayed below that.
    • Insert the wallet address that you generated.
    • Click the “withdraw” button.

    XMR Buy / XMR Sell / XMR Trading

    EXMO exchange is one of the trusted cryptocurrency exchange portals. You can buy and sell XMR (Monero) with either BTC (Bitcoin), EURO (EUR) or US Dollars (USD). EXMO clients often comment on how rapidly exchanges are executed. Clients somewhere else tend to grumble about abating affirms as the quantity of blockchain exchange has expanded.

    XMR/USD

    You can change the week trading to day, month, or year trading comparison also. To make the XMR/USD trade, follow the given steps:-

    • Click on the XMR menu as shown in the above figure and then select XMR/USD option.
    • Now, select the limit order section if you want to make limit order trade.
    • In case you want to buy Monero, then fill the total amount you want to purchase. The price will be automatically calculated.
    • Also, the total commission amount will be displayed that will go to the EXMO exchange.
    • If you desire to sell the XMR, then fill the total amount you want to sell in “Sell, XMR” section. The commission will get calculated, and you can sell your Monero.

    For making instant order trade, follow the given steps:-

    • Select the “instant order tab.”
    • Fill the amount you want to buy.
    • Its total cost will be displayed.
    • Then press the “Buy XMR” button.
    • In case you want to sell your Monero; then fill the amount in “Sell, XMR” section.
    • Then press the “Sell XMR” button.

    XMR/EUR

    You can change the week trading to year, day, or month trading comparison also. To make the XMR/EUR trade, follow the given steps:-

    • Click on the XMR menu as shown in the above figure and then select XMR/EUR option.
    • Now, select the limit order section if you want to make limit order trade.
    • In case you want to buy Monero, then fill the total amount you want to purchase. The price will be automatically calculated.
    • Also, the total commission amount will be displayed that will go to the EXMO exchange.
    • If you desire to sell the XMR, then fill the total amount you want to sell in “Sell, XMR” section. The commission will get calculated, and you can sell your Monero.

    For making instant order trade, follow the given steps:-

    • Select the “instant order tab.”
    • Fill the amount you want to buy.
    • Its total cost will be displayed.
    • Then press the “Buy XMR” button.
    • In case you want to sell your Monero; then fill the amount in “Sell, XMR” section.
    • Then press the “Sell XMR” button.

      XMR/BTC

      In the limit order section, there’s a limit for buying and selling of XMR. You need to define the amount and price of the Monero for buying or selling of XMR. The commission of EXMO exchange will automatically be deducted from the balance.

      The instant order section is divided into four quadrants, two is for “Buy, XMR,” and 2 is for “Sell, XMR” section.

    EXMO Customer Support

    If you can have doubts regarding the exchange or other information, then you can get the help of EXMO support team. There are also few frequently asked questions-answers, which can resolve your doubt in few moments. If you are still not satisfied with the answer, then you can proceed with “online chat” or “create a ticket” option.

    When you click on “online chat” button, the following page will open, where can chat and ask questions from EXMO officials sitting over another end.

    In case you decide to generate the ticket, then click on “create a ticket” option and you will be directed to the forum page. Here, you must fill your email address, login, subject, and then in a description, fill your query or request. You can also attach attachments, and then click on submit button.

    Conclusion

    It is a user-friendly exchange platform with a simple user interface, and it is also light-weighted, which means it runs smoothly on every device. EXMO allows an exchange of multiple cryptocurrencies with multiple payment methods. For trading of Monero currency, you need to create a Monero address for deposit and withdrawal processes. The limited and instant exchanging are sufficiently basic for tenderfoots while there are various cryptos offered. Business clients won’t be happy with limited exchanging as EXMO’s functionalities are not too complicated.

    PROs

    • EXMO Monero service is available globally.
    • The website supports the multiple crypto coins, payment methods, and fiat currencies.
    • It also has IP approval function.
    • The website user interface is customer friendly and easily understandable.

    CONs

    • High Fees.
    • Not mobile device friendly.
    • It requires scanned IP for cards and bank transfers.
    • Margin trading too simplified.

Bittrex Exchange – Buy and Sell Monero

bittrex logo

At some point in every cryptocurrency trader’s career, they realize that the coin selection on the exchange they put their fiat into (ahem, Coinbase) leaves a bit to be desired.  Would-be Monero traders are no exception.  In the time that it took for this humble reviewer to get everything together to buy his first unknown amount of Monero, the price had nearly doubled.

The first exchange I used to purchase Monero was an exchange called Bittrex.  Bittrex was founded in 2014 by Bill Shihara, Richie Lai, and Rami Kawach, all former security professionals from Amazon or Microsoft.  Shihara and Lai ran GiftcardBTC prior to starting Bittrex.  Bittrex grew quickly, and as of the end of 2017, it has become one of the largest American exchanges, with nearly 200 individual coins listed.

Bittrex’s user interface is very easy on the eyes.  Viewing the various pairings on the exchange is simple, and the exchange automatically moves the pairings with the greatest trading volume and pairings with the greatest percent change to the front page, so there’s always a pump and dump for you to lose your hard-won crypto on!  The scrolling bar at the top shows the top winners out of all of the coin pairings, as well, so if choosing a random pump off the front page just wasn’t a risky enough investment (I get it.  Really, I do.  If cryptocurrency didn’t exist I’d probably just play blackjack margin trade silver futures), you can always choose the biggest daily pump.

Bittrex Example Trade Price

I’ve never heard of UnbreakableCoin, and Verge is a dogecoin fork, but this almost makes me want to buy some of both.  A dangerous scrollbar, to be sure.

Bittrex is unfortunately only available in English.  It has a very user-friendly mobile browser interface.  It loads quickly and has no issues fitting the screen of an Android.  I find that I prefer making trades on my mobile device to making trades on my PC, but either interface is easy enough to use without issue.  It is, however, worth noting that I sometimes have issues withdrawing from a mobile device.  On the mobile version of the exchange, the bar to insert your Google Authenticator code doesn’t always appear correctly.  Switching to the desktop version of the site fixes this issue.

Getting Started

Bittrex is, as of writing (12/24/17), not accepting new users until after a pending database upgrade.  This decision was made because of the influx of new users that have been seen on nearly all of the exchanges in the last two months.  While this is far from a popular decision, it’s welcoming to see an exchange attempt to deal with problems before they arise.  Only time will tell if the new database can help prevent the DDoS attacks that seem to plague other exchanges.  Bittrex seems to have very little downtime as is, though, so it is at the moment, not an issue.

Monero Account Verification

Despite this, when Bittrex is processing new users, their registration/verification process is one of the fastest I’ve seen on any exchange.  It took around 15 minutes from submitting pictures of my documents (ID and a selfie) for my account tier to be upgraded to “Enhanced” and my daily withdrawal limit increased to 100 BTC.  Interestingly, the “Basic” verification, requiring only a few lines of personal information, failed to verify entirely.  This seems to be a common experience on Bittrex, but the enhanced verification bypasses the basic verification entirely and is so quick-to-use that it shouldn’t make a difference.

Bittrex has an automatic IP address verifying feature that requires you to verify your Bittrex login from the email address you have linked to your account, which is a nice touch.  Also available is two-factor authentication through Google Authenticator.  Google Authenticator is a much more secure answer to the SMS two-factor authentication used by many exchanges.  For this reason, it’s becoming more and more common.  One minor annoyance is that Bittrex requires you to input your Google Authenticator code prior to checking your IP address, meaning that if your IP address needs to be verified, you’ll have to log in and put in an Authenticator code a second time.  This is, nonetheless, a minor gripe.  More security is rarely a bad thing, especially when it comes to managing your Bittrex Monero wallet.

Monero Trading

Bittrex has several different trading pairs for Monero.  You can buy Monero with Bitcoin, Ethereum or USD Tether.  With tx fees on the Bitcoin network being as high as they are, you’ll probably want to use either Tether or Ethereum.  As someone who avoids Tether like the plague (A story for another day), that leaves Ethereum.  Ethereum’s lower tx fees and faster tx times make it the obvious choice for purchasing Monero with as few fees as possible.  Bittrex’s fees are 0.25% on all trades.  Bittrex does not allow trading in fiat, meaning you’ll have to put coins from other sources onto the exchange to be able to trade.

Bittrex Order Book

The order book is nice and tidy, and you can copy the price of a bid into your own order simply by clicking on the price.  If the bid price is changing faster than you can type your order, though, you might be better off waiting for the panic to end.

Monero Withdrawal

Bittrex Monero deposits are simple.  You’ll pay a standard Monero tx fee to the network for deposits.  The Monero will post to your Bittrex Monero wallet as soon as its received.

Monero Withdrawal Form

Oh, my.  I get the feeling that that withdrawal price is a holdover from the times of a sub-$30 Monero price.

Withdrawals are where things start to get hairy.  As per the image of Bittrex’s Monero Payment ID screen above, Bittrex Monero withdrawal fees are sitting at 0.04 XMR at present.  At Bittrex’s own Monero price, that comes out to USD value of about $13.50 for withdrawals of any size.  This is extremely unfortunate.  Bittrex seems to be managing everything else regarding the exchange of Monero very well – why are the withdrawal fees an exception?  For reference, Cardano withdrawal fees are currently sitting at 0.2 ADA.  That comes to a USD value of under 9 cents.  Privacy isn’t free, but this is ridiculous.

Conclusion

PROs:

  • 0.25% Transaction fees makes trading on Bittrex an attractive choice
  • Ethereum/Monero trading pairs. The price of Ethereum is typically more stable, and has lower tax fees/times compared to Bitcoin, making it a far better choice for trading pairs
  • The some of the fastest verification times I’ve seen on any exchange
  • Easy to understand user interface

CONs:

  • 0.04 XMR withdrawal fees are absolutely insane
  • Not currently accepting new users
  • Has USD Tether pairings, as opposed to fiat pairings (If you’re engaging in arbitration, this is probably a positive)
  • If you cancel an order that is partially filled, or have a large order filled by multiple people, you can sometimes end up paying a small bit more than the 0.25% transaction fee.

Livecoin Exchange – Buy and Sell Monero

livecoin.net logo

Livecoin is a cryptocurrency exchange platform that provides the service of many currency pairs, including Monero trading. Other trades range in altcoins and multiple fiat currency. Livecoin.net founded in 2013, and its servers are in Metairie, Louisiana, in the United States. Livecoin.net exchange reviews suggest that the best Monero trading is XMR/BTC and XMR/USD which are both offered on this platform.

Getting Started Livecoin.net

Livecoin.net Registration

  • Open the new-tab in your browser and type Livecoin.net. Then press the enter key on your keyboard.
    Livecoin.net opening an account
  • Click on “open account” or “open trade account” for opening the Livecoin.net registration page.
    livecoin registration
  • Now, enter your user-name, password you want to set, your email id where you will receive a confirmation code, and the referral code, which is optional.
    Livecoin.net Email verification letter
  • After agreeing to terms and conditions, press the continue button. Remember, the length of the user-name must be minimum 8, and the password length should be 12 characters minimally. The password must comprise of 1 small letter, one capital letter and one numeric character.
  • In case your password length is less than 12 characters or the correct numeric format, your account will not create and a warning message will be displayed.
    Livecoin.net opening an account
  • After that, enter the confirmation code that you receive in your email-id that you entered on the registration page.
    livecoin.net verification page
  • Now press the confirm button. You will get successfully registered on Livecoin.net. Now you must move forward to the Livecoin.net login page to start trading.
  • After logging into your account, you will be asked to generate the PIN to secure your transactions. Enter the four-digit PIN to do so.

livecoin.net pin code

Monero Account Verification – Security Measures

For handling the transaction of cryptocurrencies or digital transactions, your Livecoin account verification should be done as quickly as possible. The process comprises of two levels or tiers, which can be completed in the security menu.

  • When you generate the PIN, your dashboard will display on the screen.
  • Go to the Account Menu at the top-right corner of the website, and go to security sub-menu.

livecoin account verification

Level 1 – Basic Livecoin.net Account Verification

livecoin security level 1 verifcation

The Security panel of the account will get displayed. Level 1 comprises of basic security settings. To verify your account, go to “verification to restore access to your account” setting and click on “verify an account.” No matter what your account will notify you that it is yet to be verified.

an unverified livecoin.net account

Now, upload your image to continue with the verification process. Make sure to read the terms and conditions of this verification process. The resolution of the picture should not be less then 1920×1080 pixels. If you will try to upload the image less then given pixel density, it will automatically reject the image. After uploading the image, press the “Verify Account” button. Your application will get under review for further steps.

livecoin verification review

Level 2 – Livecoin.net Advanced Security Verification

It is the advanced level security that works with the Google Authenticator and QR code scanner. You will be given your secret code and the Token code also, which you will use to scan to generate one-time Google Authenticator code.

livecoin advanced security level 2 verification

  • Click the “Continue” button to install new token.
  • Enter the confirmation code, which is sent to you already in your email with ID.
  • Then enter the 4-digit PIN code that you created after logging your account.
  • Enter the one-time password generated in the Google Authenticator App.
  • Now, press the “Continue” button to continue with the Livecoin exchange verification process.

Livecoin verification details

Livecoin.net Verification

The Livecoin.net exchange verification process is necessary if you want to deposit your funds through bank transfer. But if you do not use bank transfer, then there’s no need of it.

There’s no explanation about the verification process on the website, but you can check it on Bitcointalk forum, uploaded by Livecoin customer service personnel. However, the Livecoin verification is required for the individuals planning to use bank transfers for placing deposits. It is not present publicly, and whenever the user tries to verify their account, they are redirected to contact page. Note that there’s no trading limit needed for verification.

Livecoin Notifications

Livecoin notifications

In the Account Menu, click the “Notification” bar for selecting your notification preferences. You can select the type of notifications, which you want to receive.

Livecoin Referral Program

Livecoin referral program

The site offers the opportunity for its users to generate income by getting new customers to join the Livecoin exchange platform. You will be given your referral link, code, and a banner achieve also. You can download banners of different sizes, and can also set up a customised widget for your website. Also, you must select the referral rate before enabling your referral link to work. The commission fees will get credit in your account until its time-period expires.

Livecoin.net offers some amazing bonuses for affiliates. The referral program can earn you as little as 10% permanently, to 20% and even 50% of what your referrals make on trades. A lot of money is to be made just by bringing people into the exchange.

How to Trade Monero – Start Trading XMR

Buying Monero (Buying XMR)

buy and sell monero button

The trading platform of Livecoin.net is quite similar to other cryptocurrency exchanges. As compared to multi-asset trading platform, it does not offer too many features when it comes to analysis and charting tools. It is intuitive and easy to use and displays price chats, trading history, nice instrument list, and order book. You can see the graphical data for Livecoin Monero (XMR) in the following figure:

Live Monero Updates

  • For buying Monero, you need to click on “Buy/Sell” tab on the top-middle of the site. Then click on “trading” sub-menu.
  • Select the XMR in the left portion of the page. You can display the graph of XMR/USD or XMR/BTC as per your choice. The selling and buying of Monero boxes will change according to your choice.
  • In the “Buy XMR For BTC” or “Buy XMR for USD” box, fill the number of XMR you want to get for yourself. The price per XMR is already present in the box.
  • For buying XMR, the fees charges go up to 0.18%, which can vary according to volume trade.
    Livecoin.net Monero FeesBuying XMR USD
  • The payable amount will be automatically displayed on the USD column, including fee percentage. The fees charge percentage is the same as that of BTC.
  • You can deposit or withdraw BTC, as per your choice.
  • The amount of USD or BTC you have will also get displayed in the bottom of the box.

Selling Monero (Selling XMR)

This will be the same process as above. However, you simply choose the selling option. The fees remain the same too. You will not be charged any differently when you sell versus buying.

selling xmr usd card

Selling xmr btc card

You can deposit or withdraw XMR, as per your choice. If you want to deposit Monero, then click on “Deposit XMR” button and proceed with the payment. In case you don’t have the PaymentID, then your transaction will not proceed. The XMR deposit will go through 10 confirmations on the Monero blockchain.

Monero Fees – Withdrawal Fees / Deposit Fees

There are multiple payment options available on the site such as Wire transfer, Payoneer, OkPay, etc. The deposit and withdrawal of Livecoin.net cryptocurrencies are free of any charges. But for fiat currencies, you must pay minimal transaction and even foreign fees.

Deposit Fees:

  • BTC-E Vouchers:-5% in EUR, 2.5% in RUR and USD
  • Payoneer- 7.5%
  • SWIFT or Wire Transfer- 10 EUR or 50 USD
  • OkPay- 1%

Withdrawal Fees:

  • SWIFT or Wire Transfer- 1.5%+9 US$ or 15 EUR
  • OkPay- 2.25% with minimum 0.1US$
  • net Card- 0.99 EUR or US$
  • PerfectMoney- 1% with 1US$ (minimum)
  • net- No Charge
  • Payeer- 1%

Livecoin.net Review

It is an incredible exchange portal with massive support and very few competitive fees. Livecoin.net allows the exchange of multiple cryptocurrencies that you can trade with different payment methods. The site also allows you to do bank transfers.

Be careful about the maintenance break, which we discovered while writing this review. A 5-minutes warning will appear on your screen instructing you to finish or abort any and all trades that are open. If you do not close the trade, you will be kicked off the site and it will not process. Only people who follow twitter may have known in advance:

PROs

  • The site offers support for Monero on two trading platforms, XMR/BTC and XMR/USD.
  • Deposits and Withdrawals made easy.
  • 2FA-authentification security and multiple confirmations in place to protect your funds.
  • As compared to its competitors, LiveCoin.net displays limit order, pending orders and regular market orders.
  • No withdrawal limits.
  • Incredible referral program with 10/20/50% bonus options
  • Social media options, including Livecoin.net Facebook and Twitter

CONs

  • There are no mobile applications.
  • The website does not provide any information about the company.
  • The customer service is slow to respond to issues.
  • Maintenance is not permanently scheduled and you can randomly be kicked off the site.