{"id":1496,"date":"2021-06-01T16:31:13","date_gmt":"2021-06-01T14:31:13","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?page_id=1496"},"modified":"2023-12-09T16:39:15","modified_gmt":"2023-12-09T15:39:15","slug":"jak-koupit-monero","status":"publish","type":"post","link":"https:\/\/simplecryptoguide.com\/cs\/how-to-buy-monero\/","title":{"rendered":"Jak koupit Monero"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Domains&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;150px||||false|false&#8221; custom_margin_tablet=&#8221;100px||||false|false&#8221; custom_margin_phone=&#8221;100px||||false|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; header_2_font_size=&#8221;14px&#8221; header_font_size_phone=&#8221;32px&#8221; header_2_font_size_tablet=&#8221;12px&#8221; header_2_font_size_phone=&#8221;10px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2><span><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/span><\/h2>\n<h1 class=\"sc-bdfBwQ Text-msjfkz-0 Heading-juwhnu-0 cnOLEs bjHQTa\">How To Buy Monero (XMR)?<\/h1>\n[\/et_pb_text][et_pb_divider show_divider=&#8221;off&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;3px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/08\/Monero-500&#215;286-1.png&#8221; title_text=&#8221;Monero 500&#215;286&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p>A common question you often see on social media from crypto beginners is \u201cWhere can I buy Monero?\u201d Well, you\u2019ll be happy to hear it is actually quite a simple and straightforward process.\u00a0<\/p>\n<h2><strong>Step 1: Create an account on an exchange that supports Monero (XMR)<\/strong><\/h2>\n<p>First, you will need to open an account on a cryptocurrency exchange that supports Monero (XMR).<br \/>We recommend the following based on <strong>functionality<\/strong>, <strong>reputation<\/strong>, <strong>security<\/strong>, <strong>support<\/strong> and <strong>fees<\/strong>:<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;affiliate3&#8243; _builder_version=&#8221;4.17.0&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;45%&#8221; width_phone=&#8221;80%&#8221; width_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;||||true|true&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||13px|||&#8221; link_option_url=&#8221;https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW&#8221; link_option_url_new_window=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"icon-circle\">1<\/p>\n<p><strong>\u00a0Binance<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/10\/Create-Binance-Account.png&#8221; title_text=&#8221;Create Binance Account&#8221; url=&#8221;https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;65%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Register&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; button_text_size=&#8221;14px&#8221; button_bg_color=&#8221;#35b782&#8243; button_font=&#8221;ABeeZee|700||on|||||&#8221; custom_css_main_element=&#8221;width: 100%;&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover=&#8221;#2e9e71&#8243; button_bg_enable_color__hover=&#8221;on&#8221; filter_brightness__hover_enabled=&#8221;on|hover&#8221; filter_brightness__hover=&#8221;100%&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_text content_tablet=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span> <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>               <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"label\"><span style=\"color: #a0a0a0;\">Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-family: ABeeZee; font-weight: normal; font-size: small;\"><strong>0.075%*-0.1%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span> <span style=%22font-size: medium;%22> <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>        <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Cryptocurrencies <\/span><\/span><br \/><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-size: medium;\">\u00a0 \u00a0 \u00a0<strong>500<\/strong><\/span><\/span><strong><span style=\"font-family: ABeeZee;\"><span style=\"font-size: medium;\">+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0;\"><span style=\"color: #a0a0a0; font-size: small;\">Sign-up bonus<\/span> <\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">\u00a010% reduced trading fees*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Available in<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.17.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||13px|||&#8221; link_option_url=&#8221;https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG&#8221; link_option_url_new_window=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"icon-circle\">2<\/p>\n<p><strong>\u00a0MEXC<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/04\/Create-MEXC-Account.png&#8221; alt=&#8221;Create MEXC Account&#8221; title_text=&#8221;Create MEXC Account&#8221; url=&#8221;https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; width=&#8221;65%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Register&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; button_text_size=&#8221;14px&#8221; button_bg_color=&#8221;#35b782&#8243; button_font=&#8221;ABeeZee|700||on|||||&#8221; custom_css_main_element=&#8221;width: 100%;&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover=&#8221;#2e9e71&#8243; button_bg_enable_color__hover=&#8221;on&#8221; filter_brightness__hover_enabled=&#8221;on|hover&#8221; filter_brightness__hover=&#8221;100%&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_text content_tablet=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>                                                                                         <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>               <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"label\"><span style=\"color: #a0a0a0;\">Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-family: ABeeZee; font-weight: normal; font-size: small;\"><strong>0.2%*-0.2%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>                                                              <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>        <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Cryptocurrencies <\/span><\/span><br \/><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-size: medium;\">\u00a0 \u00a0 \u00a0<strong>1500<\/strong><\/span><\/span><strong><span style=\"font-family: ABeeZee;\"><span style=\"font-size: medium;\">+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0;\"><span style=\"color: #a0a0a0; font-size: small;\">Sign-up bonus<\/span> <\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">\u00a010% reduced trading fees &amp; up to $170 in USDT vouchers*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Available in<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">North America, South America, Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.17.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||13px|||&#8221; link_option_url=&#8221;https:\/\/www.gate.io\/signup\/7022521&#8243; link_option_url_new_window=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"icon-circle\">3<\/p>\n<p><strong>\u00a0Gate.io<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/10\/Create-Gate.io-Account.jpg&#8221; alt=&#8221;Create Gate.io Account&#8221; title_text=&#8221;Create Gate.io Account&#8221; url=&#8221;https:\/\/www.gate.io\/signup\/7022521&#8243; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;65%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/www.gate.io\/signup\/7022521&#8243; url_new_window=&#8221;on&#8221; button_text=&#8221;Register&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; button_text_size=&#8221;14px&#8221; button_bg_color=&#8221;#35b782&#8243; button_font=&#8221;ABeeZee|700||on|||||&#8221; custom_css_main_element=&#8221;width: 100%;&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover=&#8221;#2e9e71&#8243; button_bg_enable_color__hover=&#8221;on&#8221; filter_brightness__hover_enabled=&#8221;on|hover&#8221; filter_brightness__hover=&#8221;100%&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_text content_tablet=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span> <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>               <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"label\"><span style=\"color: #a0a0a0;\">Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-family: ABeeZee; font-weight: normal; font-size: small;\"><strong>0.2%*-0.2%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span> <span style=%22font-size: medium;%22> <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>        <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Cryptocurrencies <\/span><\/span><br \/><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-size: medium;\">\u00a0 \u00a0 <\/span><\/span><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">1000+<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Sign-up bonus<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">\u00a0Up to $100 in USDT vouchers*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.17.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Available in<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p>In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.<\/p>\n<p><strong>Note:<\/strong><span>\u00a0<\/span>On specific exchanges, you might need to complete a<span>\u00a0<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/k\/knowyourclient.asp\" target=\"_blank\" rel=\"noopener\">Know Your Customer (KYC)<\/a>\u00a0procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.<\/p>\n<h2><strong>Step 2: Deposit funds into your account<\/strong><\/h2>\n<p>Many cryptocurrency exchanges will allow you to purchase Monero (XMR) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.<\/p>\n<p><strong>Note:<\/strong><span>\u00a0<\/span>Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.<\/p>\n<h2><strong>Step 3: Buy Monero (XMR)<\/strong><\/h2>\n<p>This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Monero (XMR) or Monero (XMR) trading pairs. Look for the section that will allow you to buy Monero (XMR), and enter the amount of the cryptocurrency that you want to spend for Monero (XMR) or the amount of fiat currency that you want to spend towards buying Monero (XMR). The exchange will then calculate the equivalent amount of Monero (XMR) based on the current market rate.<\/p>\n<p><strong>Note:<\/strong><span>\u00a0<\/span>Make sure to always double-check your transaction details, such as the amount of Monero (XMR) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or<span>\u00a0<\/span>purchase a hardware wallet<span>\u00a0<\/span>for the highest level of protection.<\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#ff8f00&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<h2><strong>How to create a Binance account<\/strong><\/h2>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/Binance.png%22 width=%22219%22 height=%2239%22 alt=%22Create Binance Account%22 class=%22wp-image-6495 alignnone size-full%22 \/><\/p>\n<p>%91expand title=%22Show Detailed Instructions%22 swaptitle=%22Hide Detailed Instructions%22 tag=%22h4%22 id=%22r2d2wiki2%22%93<\/p>\n<p id=%22odmue%22><strong>Step 1: <\/strong>Go to the <a href=%22https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW%22>Binance<\/a> website.<\/p>\n<p><strong>Step 2:<\/strong> <span>On the registration page, enter your email address, and create a password for your account.<br \/>Then, read and agree to the Terms of Service and click %22Create Account%22.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-2.jpg%22 width=%22345%22 height=%22470%22 alt=%22How To Create a Binance Account Step 2%22 class=%22wp-image-6496 alignnone size-full%22 \/><\/p>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Note: <\/span><\/strong><span class=%22css-1vaed0j%22>Your password must be a combination of numbers and letters.<br \/>It should contain at least 8 characters, one UPPER CASE letter, and one number.<\/span><\/p>\n<p><span class=%22css-1vaed0j%22><\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Step 3:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22><span>Complete the Security Verification.<\/span><\/span><\/p>\n<p><span class=%22css-1vaed0j%22><span><\/span><\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22><span><\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22><span><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-3.jpg%22 width=%22367%22 height=%22375%22 alt=%22How To Create a Binance Account Step 3%22 class=%22wp-image-6497 alignnone size-full%22 \/><br \/><\/span><\/span><span class=%22css-1vaed0j%22><span><\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22><br \/>Step 4:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span>The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can\u2019t find the email in your inbox, check your other mail folders as well, or click %22Resend Email%22<\/span><span> to resend.<\/span><\/div>\n<div class=%22css-3fpgoh%22><span><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-4.jpg%22 width=%22497%22 height=%22426%22 alt=%22How To Create a Binance Account Step 4%22 class=%22wp-image-6498 alignnone size-full%22 \/><\/span><\/div>\n<div class=%22css-3fpgoh%22><span>Congratulations, you have successfully registered on Binance.<\/span><\/div>\n<div class=%22css-3fpgoh%22>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong>How to complete KYC (ID Verification) on Binance<\/strong><\/h2>\n<p><strong><\/strong><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong>Step 1: <\/strong><span>Log in to your Binance account and click %22User Center%22 and then %22<\/span>Identification%22.<br \/><span style=%22font-size: 18px;%22> <\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1.jpg%22 width=%222552%22 height=%22803%22 alt=%22%22 class=%22wp-image-6500 alignnone size-full%22 \/><\/p>\n<p><strong>Step 2: <\/strong><span>click %22Start Now%22<\/span><span> to verify your account.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2.jpg%22 width=%222363%22 height=%221255%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 2%22 class=%22wp-image-6501 alignnone size-full%22 \/><\/p>\n<p><strong>Step 3:<\/strong> <span class=%22css-1vaed0j%22>Select your country of residence.<span><br \/><\/span><\/span><span class=%22css-1vfcfi6%22><strong class=%22css-1lohbqv%22>Ensure that your country of residence is consistent with your ID documents.<\/strong><\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-3.jpg%22 width=%22531%22 height=%22633%22 alt=%22%22 class=%22wp-image-6502 alignnone size-full%22 \/><\/p>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22>You will then see the list of verification requirements for your specific country\/region. Click %22Continue%22.<\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-4.jpg%22 width=%22529%22 height=%22637%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 4%22 class=%22wp-image-6503 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Step 5: <\/span><\/strong>Enter your personal information and click %22Continue.%22<\/p>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22>Make sure that<\/span><span class=%22css-1vfcfi6%22><span> <\/span><strong class=%22css-1lohbqv%22>all the information entered is consistent with your ID documents<\/strong><\/span><span class=%22css-1vaed0j%22>.<br \/>You won\u2019t be able to change it once confirmed.<\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-5.jpg%22 width=%22530%22 height=%22641%22 alt=%22%22 class=%22wp-image-6504 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22>Step 6:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22><span>Next, you will need to upload pictures of your ID documents. Choose the type of ID and the country your documents were issued. Most users can choose to verify with a passport, ID card, or driver\u2019s license.<br \/><\/span><strong class=%22css-1lohbqv%22>Refer to the respective options offered for your country.<\/strong><\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-6.jpg%22 width=%22531%22 height=%22640%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 6%22 class=%22wp-image-6505 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Step 7: <\/span><\/strong>Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.<\/p>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22>For example, if you are using an ID card, you have to take photos of the front and back of your ID card.<\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-7.jpg%22 width=%22532%22 height=%22640%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 7%22 class=%22wp-image-6506 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22>Step 8:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22><span>After uploading the document photos, the system will ask for a selfie. Click %22Upload File%22<\/span><strong class=%22css-1lohbqv%22><span> <\/span><\/strong><span>to upload an existing photo from your computer.<\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-8.jpg%22 width=%22530%22 height=%22639%22 alt=%22%22 class=%22wp-image-6508 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22>Step 9:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22>After that, the system will ask you to complete face verification. Click %22Continue%22 to finish face verification on your computer. <span>Alternatively, you can move your mouse to<\/span><strong class=%22css-1lohbqv%22><span> <\/span><\/strong><span>the QR code on the bottom right<\/span><strong class=%22css-1lohbqv%22><span> <\/span><\/strong><span>to complete the verification on your phone instead. Scan the QR code via your phone&#8217;s camera to finish the face verification process.<br \/><\/span><span class=%22css-1vfcfi6%22><strong class=%22css-1lohbqv%22>Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.<\/strong><\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-9.jpg%22 width=%22531%22 height=%22642%22 alt=%22%22 class=%22wp-image-6509 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22><span class=%22css-1vfcfi6%22>After completing the process, please wait patiently.<br \/>Once your application has been verified, you will receive an email notification.<\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong>How to buy cryptocurrency on Binance<\/strong><\/h2>\n<p><strong>Step 1: <\/strong>Log in to your <a href=%22https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW%22>Binance<\/a> account <span>and click %22Buy Crypto%22 and then %22Credit\/Debit Card%22. <\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1.jpg%22 width=%221988%22 height=%221131%22 alt=%22How To Buy Cryptocurrency on Binance Step 1%22 class=%22wp-image-6512 alignnone size-full%22 \/><\/p>\n<p><strong>Step 2:<\/strong> <span>Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press %22Continue%22.<\/span><\/p>\n<p><span><strong>Note: <\/strong>You might not be able to purchase every cryptocurrency directly using <a href=%22https:\/\/simplecryptoguide.com\/what-is-fiat-currency\/%22>fiat<\/a>, if you&#8217;re looking to purchase something that isn&#8217;t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2.jpg%22 width=%221992%22 height=%221129%22 alt=%22%22 class=%22wp-image-6514 alignnone size-full%22 \/><\/p>\n<p><strong>Step 3:<\/strong> Click %22Add New Card%22. Then enter your credit card details and your billing address.<\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3.jpg%22 width=%221992%22 height=%221124%22 alt=%22%22 class=%22wp-image-6516 alignnone size-full%22 \/><\/p>\n<p><strong>Step 4: <\/strong><span>Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click %22Refresh%22 <\/span><span>to see the latest market price. You will then be redirected to your bank&#8217;s OTP Transaction Page. Follow the on-screen instructions to verify the payment.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4.jpg%22 width=%221990%22 height=%221226%22 alt=%22How To Buy Cryptocurrency on Binance Step 4%22 class=%22wp-image-6518 alignnone size-full%22 \/><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22>\n<h2><strong><span style=%22font-family: inherit;%22><\/span><\/strong><\/h2>\n<h2 id=%225sd6ms%22><strong><span style=%22font-family: inherit;%22>How to Conduct Spot Trading on Binance<\/span><\/strong><\/h2>\n<p><span style=%22font-family: inherit;%22><strong>Step 1: <\/strong>Log in to your <a href=%22https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW%22>Binance<\/a> account.<br \/>Click on %22Classic%22 under %22Trade%22 on the top navigation bar.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1.jpg%22 width=%222535%22 height=%22858%22 alt=%22How to Conduct Spot Trading on Binance Step 1%22 class=%22wp-image-6522 alignnone size-full%22 \/><\/p>\n<p><strong>Step 2: <\/strong>Search and enter the cryptocurrency you want to trade.<\/p>\n<\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2.jpg%22 width=%222540%22 height=%221224%22 alt=%22%22 class=%22wp-image-6523 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><\/strong><\/div>\n<div class=%22css-3fpgoh%22><strong><\/strong><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><br \/>Step 3: <\/strong>Set buying\/selling prices and buying\/selling amount (or exchange total). Then click on %22Buy%22\/%22Sell%22.<br \/>(<strong>Note<\/strong>: The percentages under the %22Amount%22 box refer to percentages of the total account balance.)<\/p>\n<\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-3.jpg%22 width=%221107%22 height=%22487%22 alt=%22%22 class=%22wp-image-6524 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><\/strong><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><br \/>Step 4: <\/strong>If you don&#8217;t want to set a manual price, you can place a %22Market Order%22 to set the buying\/selling price automatically.<span style=%22font-size: 18px;%22> <\/span><\/p>\n<\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-4.jpg%22 width=%221107%22 height=%22417%22 alt=%22How to Conduct Spot Trading on Binance Step 4%22 class=%22wp-image-6526 alignnone size-full%22 \/><\/div>\n<\/div>\n<\/div>\n<h4><span class=%22collapseomatic colomat-close scroll-to-trigger%22 id=%22bot-r2d2wiki2%22>Hide Detailed Instructions<\/span><\/h4>\n<p>%91\/expand%93<\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<h2><strong>How to create a Binance account<\/strong><\/h2>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/Binance.png%22 width=%22219%22 height=%2239%22 alt=%22Create Binance Account%22 class=%22wp-image-6495 alignnone size-full%22 \/><\/p>\n<p>%91expand title=%22Show Detailed Instructions%22 swaptitle=%22Hide Detailed Instructions%22 tag=%22h4%22 id=%22r2d2wiki2%22%93<\/p>\n<p id=%22odmue%22><strong>Step 1: <\/strong>Go to the <a href=%22https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW%22>Binance<\/a> website.<\/p>\n<p><strong>Step 2:<\/strong> <span>On the registration page, enter your email address, and create a password for your account.<br \/>Then, read and agree to the Terms of Service and click %22Create Account%22.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-2.jpg%22 width=%22345%22 height=%22470%22 alt=%22How To Create a Binance Account Step 2%22 class=%22wp-image-6496 alignnone size-full%22 \/><\/p>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Note: <\/span><\/strong><span class=%22css-1vaed0j%22>Your password must be a combination of numbers and letters.<br \/>It should contain at least 8 characters, one UPPER CASE letter, and one number.<\/span><\/p>\n<p><span class=%22css-1vaed0j%22><\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Step 3:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22><span>Complete the Security Verification.<\/span><\/span><\/p>\n<p><span class=%22css-1vaed0j%22><span><\/span><\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22><span><\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22><span><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-3.jpg%22 width=%22367%22 height=%22375%22 alt=%22How To Create a Binance Account Step 3%22 class=%22wp-image-6497 alignnone size-full%22 \/><br \/><\/span><\/span><span class=%22css-1vaed0j%22><span><\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22><br \/>Step 4:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span>The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can\u2019t find the email in your inbox, check your other mail folders as well, or click %22Resend Email%22<\/span><span> to resend.<\/span><\/div>\n<div class=%22css-3fpgoh%22><span><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-4.jpg%22 width=%22497%22 height=%22426%22 alt=%22How To Create a Binance Account Step 4%22 class=%22wp-image-6498 alignnone size-full%22 \/><\/span><\/div>\n<div class=%22css-3fpgoh%22><span>Congratulations, you have successfully registered on Binance.<\/span><\/div>\n<div class=%22css-3fpgoh%22>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong>How to complete KYC (ID Verification) on Binance<\/strong><\/h2>\n<p><strong><\/strong><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong>Step 1: <\/strong><span>Log in to your Binance account and click %22User Center%22 and then %22<\/span>Identification%22.<br \/><span style=%22font-size: 18px;%22> <\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<div class=%22css-3fpgoh%22><\/div>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1.jpg%22 width=%222552%22 height=%22803%22 alt=%22%22 class=%22wp-image-6500 alignnone size-full%22 \/><\/p>\n<p><strong>Step 2: <\/strong><span>click %22Start Now%22<\/span><span> to verify your account.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2.jpg%22 width=%222363%22 height=%221255%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 2%22 class=%22wp-image-6501 alignnone size-full%22 \/><\/p>\n<p><strong>Step 3:<\/strong> <span class=%22css-1vaed0j%22>Select your country of residence.<span><br \/><\/span><\/span><span class=%22css-1vfcfi6%22><strong class=%22css-1lohbqv%22>Ensure that your country of residence is consistent with your ID documents.<\/strong><\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-3.jpg%22 width=%22531%22 height=%22633%22 alt=%22%22 class=%22wp-image-6502 alignnone size-full%22 \/><\/p>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22>You will then see the list of verification requirements for your specific country\/region. Click %22Continue%22.<\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-4.jpg%22 width=%22529%22 height=%22637%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 4%22 class=%22wp-image-6503 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Step 5: <\/span><\/strong>Enter your personal information and click %22Continue.%22<\/p>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22>Make sure that<\/span><span class=%22css-1vfcfi6%22><span> <\/span><strong class=%22css-1lohbqv%22>all the information entered is consistent with your ID documents<\/strong><\/span><span class=%22css-1vaed0j%22>.<br \/>You won\u2019t be able to change it once confirmed.<\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-5.jpg%22 width=%22530%22 height=%22641%22 alt=%22%22 class=%22wp-image-6504 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22>Step 6:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22><span>Next, you will need to upload pictures of your ID documents. Choose the type of ID and the country your documents were issued. Most users can choose to verify with a passport, ID card, or driver\u2019s license.<br \/><\/span><strong class=%22css-1lohbqv%22>Refer to the respective options offered for your country.<\/strong><\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-6.jpg%22 width=%22531%22 height=%22640%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 6%22 class=%22wp-image-6505 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong><span class=%22css-1vaed0j%22>Step 7: <\/span><\/strong>Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.<\/p>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22>For example, if you are using an ID card, you have to take photos of the front and back of your ID card.<\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-7.jpg%22 width=%22532%22 height=%22640%22 alt=%22How To Complete KYC (ID Verification) on Binance Step 7%22 class=%22wp-image-6506 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22>Step 8:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22><span>After uploading the document photos, the system will ask for a selfie. Click %22Upload File%22<\/span><strong class=%22css-1lohbqv%22><span> <\/span><\/strong><span>to upload an existing photo from your computer.<\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-8.jpg%22 width=%22530%22 height=%22639%22 alt=%22%22 class=%22wp-image-6508 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><strong><span class=%22css-1vaed0j%22>Step 9:<\/span><\/strong><span class=%22css-1vaed0j%22> <\/span><span class=%22css-1vaed0j%22>After that, the system will ask you to complete face verification. Click %22Continue%22 to finish face verification on your computer. <span>Alternatively, you can move your mouse to<\/span><strong class=%22css-1lohbqv%22><span> <\/span><\/strong><span>the QR code on the bottom right<\/span><strong class=%22css-1lohbqv%22><span> <\/span><\/strong><span>to complete the verification on your phone instead. Scan the QR code via your phone&#8217;s camera to finish the face verification process.<br \/><\/span><span class=%22css-1vfcfi6%22><strong class=%22css-1lohbqv%22>Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.<\/strong><\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-9.jpg%22 width=%22531%22 height=%22642%22 alt=%22%22 class=%22wp-image-6509 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22><span class=%22css-1vaed0j%22><span class=%22css-1vfcfi6%22>After completing the process, please wait patiently.<br \/>Once your application has been verified, you will receive an email notification.<\/span><\/span><\/div>\n<div class=%22css-3fpgoh%22>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong>How to buy cryptocurrency on Binance<\/strong><\/h2>\n<p><strong>Step 1: <\/strong>Log in to your <a href=%22https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW%22>Binance<\/a> account <span>and click %22Buy Crypto%22 and then %22Credit\/Debit Card%22. <\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1.jpg%22 width=%221988%22 height=%221131%22 alt=%22How To Buy Cryptocurrency on Binance Step 1%22 class=%22wp-image-6512 alignnone size-full%22 \/><\/p>\n<p><strong>Step 2:<\/strong> <span>Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press %22Continue%22.<\/span><\/p>\n<p><span><strong>Note: <\/strong>You might not be able to purchase every cryptocurrency directly using <a href=%22https:\/\/simplecryptoguide.com\/what-is-fiat-currency\/%22>fiat<\/a>, if you&#8217;re looking to purchase something that isn&#8217;t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2.jpg%22 width=%221992%22 height=%221129%22 alt=%22%22 class=%22wp-image-6514 alignnone size-full%22 \/><\/p>\n<p><strong>Step 3:<\/strong> Click %22Add New Card%22. Then enter your credit card details and your billing address.<\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3.jpg%22 width=%221992%22 height=%221124%22 alt=%22%22 class=%22wp-image-6516 alignnone size-full%22 \/><\/p>\n<p><strong>Step 4: <\/strong><span>Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click %22Refresh%22 <\/span><span>to see the latest market price. You will then be redirected to your bank&#8217;s OTP Transaction Page. Follow the on-screen instructions to verify the payment.<\/span><\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4.jpg%22 width=%221990%22 height=%221226%22 alt=%22How To Buy Cryptocurrency on Binance Step 4%22 class=%22wp-image-6518 alignnone size-full%22 \/><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22>\n<h2><strong><span style=%22font-family: inherit;%22><\/span><\/strong><\/h2>\n<h2 id=%225sd6ms%22><strong><span style=%22font-family: inherit;%22>How to Conduct Spot Trading on Binance<\/span><\/strong><\/h2>\n<p><span style=%22font-family: inherit;%22><strong>Step 1: <\/strong>Log in to your <a href=%22https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW%22>Binance<\/a> account.<br \/>Click on %22Classic%22 under %22Trade%22 on the top navigation bar.<\/span><\/p>\n<\/p>\n<p><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1.jpg%22 width=%222535%22 height=%22858%22 alt=%22How to Conduct Spot Trading on Binance Step 1%22 class=%22wp-image-6522 alignnone size-full%22 \/><\/p>\n<p><strong>Step 2: <\/strong>Search and enter the cryptocurrency you want to trade.<\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2.jpg%22 width=%222540%22 height=%221224%22 alt=%22%22 class=%22wp-image-6523 alignnone size-full%22 \/><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong>Step 3: <\/strong>Set buying\/selling prices and buying\/selling amount (or exchange total). Then click on %22Buy%22\/%22Sell%22.<br \/>(<strong>Note<\/strong>: The percentages under the %22Amount%22 box refer to percentages of the total account balance.)<\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-3.jpg%22 width=%221107%22 height=%22487%22 alt=%22%22 class=%22wp-image-6524 alignnone size-full%22 \/><strong><\/strong><\/div>\n<div class=%22css-3fpgoh%22>\n<p><strong>Step 4: <\/strong>If you don&#8217;t want to set a manual price, you can place a %22Market Order%22 to set the buying\/selling price automatically.<\/p>\n<p><span style=%22font-size: 18px;%22> <\/span><\/p>\n<\/div>\n<div class=%22css-3fpgoh%22><img src=%22https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-4.jpg%22 width=%221107%22 height=%22417%22 alt=%22How to Conduct Spot Trading on Binance Step 4%22 class=%22wp-image-6526 alignnone size-full%22 \/><\/div>\n<\/div>\n<\/div>\n<h4><span class=%22collapseomatic colomat-close scroll-to-trigger%22 id=%22bot-r2d2wiki2%22>Hide Detailed Instructions<\/span><\/h4>\n<p>%91\/expand%93<\/p>\n<p>&#8221; content_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; custom_margin=&#8221;20px||20px||true|false&#8221; custom_margin_tablet=&#8221;20px||20px||true|false&#8221; custom_margin_phone=&#8221;20px||20px||true|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2><strong>How to create a Binance account<\/strong><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/Binance.png\" width=\"219\" height=\"39\" alt=\"Create Binance Account\" class=\"wp-image-6495 alignnone size-full\" title=\"\"><\/p>\n<h4 class=\"collapseomatic \" id=\"r2d2wiki2\"  tabindex=\"0\" title=\"Show Detailed Instructions\"    >Show Detailed Instructions<\/h4><h4 id='swap-r2d2wiki2'  class='colomat-swap' style='display:none;'>Hide Detailed Instructions<\/h4><div id=\"target-r2d2wiki2\" class=\"collapseomatic_content \">\n<p id=\"odmue\"><strong>Step 1:\u00a0<\/strong>Go to the <a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW\" target=\"_blank\" rel=\"noopener\">Binance<\/a> website.<\/p>\n<p><strong>Step 2:<\/strong> <span>On the registration page, enter your email address, and create a password for your account.<br \/>Then, read and agree to the Terms of Service and click &#8220;Create Account&#8221;.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-2.jpg\" width=\"345\" height=\"470\" alt=\"How To Create a Binance Account Step 2\" class=\"wp-image-6496 alignnone size-full\" title=\"\"><\/p>\n<div class=\"css-3fpgoh\">\n<p><strong><span class=\"css-1vaed0j\">Note: <\/span><\/strong><span class=\"css-1vaed0j\">Your password must be a combination of numbers and letters.<br \/>It should contain at least 8 characters, one UPPER CASE letter, and one number.<\/span><\/p>\n<p><span class=\"css-1vaed0j\"><\/span><\/p>\n<\/div>\n<div class=\"css-3fpgoh\">\n<p><strong><span class=\"css-1vaed0j\">Step 3:<\/span><\/strong><span class=\"css-1vaed0j\">\u00a0<\/span><span class=\"css-1vaed0j\"><span>Complete the Security Verification.<\/span><\/span><\/p>\n<p><span class=\"css-1vaed0j\"><span><\/span><\/span><\/p>\n<\/div>\n<div class=\"css-3fpgoh\"><span class=\"css-1vaed0j\"><span><\/span><\/span><\/div>\n<div class=\"css-3fpgoh\"><span class=\"css-1vaed0j\"><span><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-3.jpg\" width=\"367\" height=\"375\" alt=\"How To Create a Binance Account Step 3\" class=\"wp-image-6497 alignnone size-full\" title=\"\"><br \/><\/span><\/span><span class=\"css-1vaed0j\"><span><\/span><\/span><\/div>\n<div class=\"css-3fpgoh\"><strong><span class=\"css-1vaed0j\"><br \/>Step 4:<\/span><\/strong><span class=\"css-1vaed0j\"> <\/span><span>The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can\u2019t find the email in your inbox, check your other mail folders as well, or click &#8220;Resend Email&#8221;<\/span><span>\u00a0to resend.<\/span><\/div>\n<div class=\"css-3fpgoh\"><span><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-4.jpg\" width=\"497\" height=\"426\" alt=\"How To Create a Binance Account Step 4\" class=\"wp-image-6498 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-4.jpg 497w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Binance-Account-Step-4-480x412.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 497px, 100vw\" \/><\/span><\/div>\n<div class=\"css-3fpgoh\"><span>Congratulations, you have successfully registered on Binance.<\/span><\/div>\n<div class=\"css-3fpgoh\">\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong>How to complete KYC (ID Verification) on Binance<\/strong><\/h2>\n<p><strong><\/strong><\/p>\n<\/div>\n<div class=\"css-3fpgoh\">\n<p><strong>Step 1:\u00a0<\/strong><span>Log in to your Binance account and click &#8220;User Center&#8221; and then &#8220;<\/span>Identification&#8221;.<br \/><span style=\"font-size: 18px;\">\u00a0<\/span><\/p>\n<\/div>\n<div class=\"css-3fpgoh\"><\/div>\n<div class=\"css-3fpgoh\"><\/div>\n<div class=\"css-3fpgoh\"><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1.jpg\" width=\"2552\" height=\"803\" alt=\"\" class=\"wp-image-6500 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1.jpg 2552w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1-1280x403.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1-980x308.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-1-480x151.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2552px, 100vw\" \/><\/p>\n<p><strong>Step 2:\u00a0<\/strong><span>click &#8220;Start Now&#8221;<\/span><span>\u00a0to verify your account.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2.jpg\" width=\"2363\" height=\"1255\" alt=\"How To Complete KYC (ID Verification) on Binance Step 2\" class=\"wp-image-6501 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2.jpg 2363w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2-1280x680.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2-980x520.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-2-480x255.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2363px, 100vw\" \/><\/p>\n<p><strong>Step 3:<\/strong> <span class=\"css-1vaed0j\">Select your country of residence.<span><br \/><\/span><\/span><span class=\"css-1vfcfi6\"><strong class=\"css-1lohbqv\">Ensure that your country of residence is consistent with your ID documents.<\/strong><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-3.jpg\" width=\"531\" height=\"633\" alt=\"\" class=\"wp-image-6502 alignnone size-full\" title=\"\"><\/p>\n<div class=\"css-3fpgoh\"><span class=\"css-1vaed0j\">You will then see the list of verification requirements for your specific country\/region. Click &#8220;Continue&#8221;.<\/span><\/div>\n<div class=\"css-3fpgoh\"><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-4.jpg\" width=\"529\" height=\"637\" alt=\"How To Complete KYC (ID Verification) on Binance Step 4\" class=\"wp-image-6503 alignnone size-full\" title=\"\"><\/div>\n<div class=\"css-3fpgoh\">\n<p><strong><span class=\"css-1vaed0j\">Step 5: <\/span><\/strong>Enter your personal information and click &#8220;Continue.&#8221;<\/p>\n<div class=\"css-3fpgoh\"><span class=\"css-1vaed0j\">Make sure that<\/span><span class=\"css-1vfcfi6\"><span>\u00a0<\/span><strong class=\"css-1lohbqv\">all the information entered is consistent with your ID documents<\/strong><\/span><span class=\"css-1vaed0j\">.<br \/>You won\u2019t be able to change it once confirmed.<\/span><\/div>\n<div class=\"css-3fpgoh\"><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-5.jpg\" width=\"530\" height=\"641\" alt=\"\" class=\"wp-image-6504 alignnone size-full\" title=\"\"><\/div>\n<div class=\"css-3fpgoh\"><strong><span class=\"css-1vaed0j\">Step 6:<\/span><\/strong><span class=\"css-1vaed0j\">\u00a0<\/span><span class=\"css-1vaed0j\"><span>Next, you will need to upload pictures of your ID documents. Choose the type of ID and the country your documents were issued. Most users can choose to verify with a passport, ID card, or driver\u2019s license.<br \/><\/span><strong class=\"css-1lohbqv\">Refer to the respective options offered for your country.<\/strong><\/span><\/div>\n<div class=\"css-3fpgoh\"><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-6.jpg\" width=\"531\" height=\"640\" alt=\"How To Complete KYC (ID Verification) on Binance Step 6\" class=\"wp-image-6505 alignnone size-full\" title=\"\"><\/div>\n<div class=\"css-3fpgoh\">\n<p><strong><span class=\"css-1vaed0j\">Step 7: <\/span><\/strong>Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.<\/p>\n<div class=\"css-3fpgoh\"><span class=\"css-1vaed0j\">For example, if you are using an ID card, you have to take photos of the front and back of your ID card.<\/span><\/div>\n<div class=\"css-3fpgoh\"><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-7.jpg\" width=\"532\" height=\"640\" alt=\"How To Complete KYC (ID Verification) on Binance Step 7\" class=\"wp-image-6506 alignnone size-full\" title=\"\"><\/div>\n<div class=\"css-3fpgoh\"><strong><span class=\"css-1vaed0j\">Step 8:<\/span><\/strong><span class=\"css-1vaed0j\">\u00a0<\/span><span class=\"css-1vaed0j\"><span>After uploading the document photos, the system will ask for a selfie. Click &#8220;Upload File&#8221;<\/span><strong class=\"css-1lohbqv\"><span>\u00a0<\/span><\/strong><span>to upload an existing photo from your computer.<\/span><\/span><\/div>\n<div class=\"css-3fpgoh\"><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-8.jpg\" width=\"530\" height=\"639\" alt=\"\" class=\"wp-image-6508 alignnone size-full\" title=\"\"><\/div>\n<div class=\"css-3fpgoh\"><strong><span class=\"css-1vaed0j\">Step 9:<\/span><\/strong><span class=\"css-1vaed0j\">\u00a0<\/span><span class=\"css-1vaed0j\">After that, the system will ask you to complete face verification. Click &#8220;Continue&#8221; to finish face verification on your computer. <span>Alternatively, you can move your mouse to<\/span><strong class=\"css-1lohbqv\"><span>\u00a0<\/span><\/strong><span>the QR code on the bottom right<\/span><strong class=\"css-1lohbqv\"><span>\u00a0<\/span><\/strong><span>to complete the verification on your phone instead. Scan the QR code via your phone&#8217;s camera to finish the face verification process.<br \/><\/span><span class=\"css-1vfcfi6\"><strong class=\"css-1lohbqv\">Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.<\/strong><\/span><\/span><\/div>\n<div class=\"css-3fpgoh\"><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Complete-KYC-ID-Verification-on-Binance-Step-9.jpg\" width=\"531\" height=\"642\" alt=\"\" class=\"wp-image-6509 alignnone size-full\" title=\"\"><\/div>\n<div class=\"css-3fpgoh\"><span class=\"css-1vaed0j\"><span class=\"css-1vfcfi6\">After completing the process, please wait patiently.<br \/>Once your application has been verified, you will receive an email notification.<\/span><\/span><\/div>\n<div class=\"css-3fpgoh\">\n<h2><strong><\/strong><\/h2>\n<h2><strong><\/strong><\/h2>\n<h2><strong>How to buy cryptocurrency on Binance<\/strong><\/h2>\n<p><strong>Step 1: <\/strong>Log in to your <a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW\" target=\"_blank\" rel=\"noopener\">Binance<\/a> account <span>and click &#8220;Buy Crypto&#8221; and then &#8220;Credit\/Debit Card&#8221;.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1.jpg\" width=\"1988\" height=\"1131\" alt=\"How To Buy Cryptocurrency on Binance Step 1\" class=\"wp-image-6512 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1.jpg 1988w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1-1280x728.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1-980x558.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-1-480x273.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1988px, 100vw\" \/><\/p>\n<p><strong>Step 2:<\/strong>\u00a0<span>Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press &#8220;Continue&#8221;.<\/span><\/p>\n<p><span><strong>Note:\u00a0<\/strong>You might not be able to purchase every cryptocurrency directly using <a href=\"https:\/\/simplecryptoguide.com\/what-is-fiat-currency\/\">fiat<\/a>, if you&#8217;re looking to purchase something that isn&#8217;t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2.jpg\" width=\"1992\" height=\"1129\" alt=\"\" class=\"wp-image-6514 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2.jpg 1992w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2-1280x725.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2-980x555.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-2-480x272.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1992px, 100vw\" \/><\/p>\n<p><strong>Step 3:<\/strong> Click &#8220;Add New Card&#8221;. Then enter your credit card details and your billing address.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3.jpg\" width=\"1992\" height=\"1124\" alt=\"\" class=\"wp-image-6516 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3.jpg 1992w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3-1280x722.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3-980x553.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-3-480x271.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1992px, 100vw\" \/><\/p>\n<p><strong>Step 4:\u00a0<\/strong><span>Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click &#8220;Refresh&#8221; <\/span><span>to see the latest market price. You will then be redirected to your bank&#8217;s OTP Transaction Page. Follow the on-screen instructions to verify the payment.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4.jpg\" width=\"1990\" height=\"1226\" alt=\"How To Buy Cryptocurrency on Binance Step 4\" class=\"wp-image-6518 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4.jpg 1990w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4-1280x789.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4-980x604.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Buy-Cryptocurrency-on-Binance-Step-4-480x296.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1990px, 100vw\" \/><\/p>\n<\/div>\n<div class=\"css-3fpgoh\">\n<h2><strong><span style=\"font-family: inherit;\"><\/span><\/strong><\/h2>\n<h2 id=\"5sd6ms\"><strong><span style=\"font-family: inherit;\">How to Conduct Spot Trading on Binance<\/span><\/strong><\/h2>\n<p><span style=\"font-family: inherit;\"><strong>Step 1:\u00a0<\/strong>Log in to your <a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW\" target=\"_blank\" rel=\"noopener\">Binance<\/a> account.<br \/>Click on &#8220;Classic&#8221; under &#8220;Trade&#8221; on the top navigation bar.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1.jpg\" width=\"2535\" height=\"858\" alt=\"How to Conduct Spot Trading on Binance Step 1\" class=\"wp-image-6522 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1.jpg 2535w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1-1280x433.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1-980x332.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-1-480x162.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2535px, 100vw\" \/><\/p>\n<p><strong>Step 2:\u00a0<\/strong>Search and enter the cryptocurrency you want to trade.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2.jpg\" width=\"2540\" height=\"1224\" alt=\"\" class=\"wp-image-6523 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2.jpg 2540w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2-1280x617.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2-980x472.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-2-480x231.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2540px, 100vw\" \/><\/p>\n<p><strong>Step 3: <\/strong>Set buying\/selling prices and buying\/selling amount (or exchange total). Then click on &#8220;Buy&#8221;\/&#8221;Sell&#8221;.<\/p>\n<\/div>\n<div class=\"css-3fpgoh\">\n<p>(<strong>Note<\/strong>: The percentages under the &#8220;Amount&#8221; box refer to percentages of the total account balance.)<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-3.jpg\" width=\"1107\" height=\"487\" alt=\"\" class=\"wp-image-6524 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-3.jpg 1107w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-3-980x431.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-3-480x211.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1107px, 100vw\" \/><\/p>\n<p><strong>Step 4: <\/strong>If you don&#8217;t want to set a manual price, you can place a &#8220;Market Order&#8221; to set the buying\/selling price automatically.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-4.jpg\" width=\"1107\" height=\"417\" alt=\"How to Conduct Spot Trading on Binance Step 4\" class=\"wp-image-6526 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-4.jpg 1107w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-4-980x369.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Binance-Step-4-480x181.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1107px, 100vw\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<h4><span class=\"collapseomatic colomat-close scroll-to-trigger\" id=\"bot-r2d2wiki2\">Hide Detailed Instructions<\/span><\/h4>\n<\/div>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; custom_margin=&#8221;20px||20px||true|false&#8221; custom_margin_tablet=&#8221;20px||20px||true|false&#8221; custom_margin_phone=&#8221;20px||20px||true|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2><strong>How to create a Gate.io account<\/strong><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6450 size-full\" title=\"Gate.io\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/Gate.io_.png\" alt=\"Gate.io\" width=\"228\" height=\"41\" \/><\/p>\n<h4 class=\"collapseomatic \" id=\"r2d2wiki\"  tabindex=\"0\" title=\"Show Detailed Instructions\"    >Show Detailed Instructions<\/h4><h4 id='swap-r2d2wiki'  class='colomat-swap' style='display:none;'>Hide Detailed Instructions<\/h4><div id=\"target-r2d2wiki\" class=\"collapseomatic_content \">\n<p id=\"odmue\"><strong>Step 1:\u00a0<\/strong>Go to the\u00a0<a href=\"https:\/\/www.gate.io\/active_signup\/signup\/10m-users?ch=10musers&amp;ref=7022521\" target=\"_blank\" rel=\"noopener\">Gate.io<\/a> website.<\/p>\n<p><strong>Step 2:<\/strong>\u00a0Choose your username, your email address and your password. Then check &#8220;I certify that I am 18 years of age or older, and I agree to the Gate.io User Agreement Privacy Policy&#8221; and click &#8220;NEXT&#8221;.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate-io-Account-Step-1.jpg\" width=\"632\" height=\"431\" alt=\"How To Create a Gate.io Account Step 2\" class=\"wp-image-6421 alignnone size-full\" title=\"\"><\/p>\n<p><strong>Step 3:<\/strong>\u00a0Set your fund password and click &#8220;Create account&#8221;.<br \/><strong>Note:<\/strong> Your fund password must contain at least 6 characters and can not be the same as your login password.<br \/><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate-io-Account-Step-2.jpg\" width=\"529\" height=\"396\" alt=\"How To Create a Gate.io Account Step 3\" class=\"wp-image-6423 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate-io-Account-Step-2.jpg 529w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate-io-Account-Step-2-480x360.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 529px, 100vw\" \/><br \/><strong>Step 4:<\/strong> An activation email will be sent to your email address. Complete the rest of the registration process by following the instructions in the email to activate your account. Once this is done done, click &#8220;Email activated, please log in&#8221;.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6447 size-full\" title=\"How To Create a Gate.io Account Step 4\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate.io-Account-Step-3.jpg\" alt=\"How To Create a Gate.io Account Step 4\" width=\"531\" height=\"294\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate.io-Account-Step-3.jpg 531w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-To-Create-a-Gate.io-Account-Step-3-480x266.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 531px, 100vw\" \/><\/p>\n<h2><strong>How to complete KYC (ID Verification) on Gate.io<\/strong><\/h2>\n<p>In order to ensure the safety of your assets, and to reduce fraud, money laundering, blackmail, and other illegal activities, Gate.io makes it mandatory that all users obtain KYC ID Verification. Only after your account has obtained KYC ID verification, can you withdraw funds or use credit cards or debit cards to buy cryptocurrencies.<\/p>\n<p><span style=\"font-size: 18px;\"><strong>Step 1: <\/strong>Log in to your <a href=\"https:\/\/www.gate.io\/active_signup\/signup\/10m-users?ch=10musers&amp;ref=7022521\" target=\"_blank\" rel=\"noopener\">Gate.io<\/a><\/span><span style=\"font-size: 18px;\">\u00a0account.<br \/><\/span><span style=\"font-size: 18px;\">Place your cursor on the top-right profile icon and go to &#8220;KYC (ID Verification)&#8221;<br \/><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-1.jpg\" width=\"2546\" height=\"760\" alt=\"How To Complete KYC (ID Verification) on Gate.io Step 1\" class=\"wp-image-6426 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-1.jpg 2546w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-1-1280x382.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-1-980x293.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-1-480x143.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2546px, 100vw\" \/><\/p>\n<p><strong><\/strong><\/p>\n<p><strong>Step 2: <\/strong>Click &#8220;Individual (Verify now)&#8221;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-2.jpg\" width=\"2053\" height=\"776\" alt=\"How To Complete KYC (ID Verification) on Gate.io Step 2\" class=\"wp-image-6428 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-2.jpg 2053w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-2-1280x484.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-2-980x370.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-2-480x181.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2053px, 100vw\" \/><br \/><strong><\/strong><\/p>\n<p><strong><\/strong><\/p>\n<p><strong>Step 3:<\/strong> Select your country, input your full legal name (twice), fill in your ID information, upload photos of both sides of your ID card, and a photo of you holding your ID together with your User ID (UID) for Gate.io. You will see your User ID by placing the cursor on the top-right profile icon on the main page. Make sure everything is filled in correctly and then click on &#8220;Confirm and Submit&#8221;.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6430 size-full\" title=\"How To Complete KYC (ID Verification) On Gate.io Step 3\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-3.jpg\" alt=\"How To Complete KYC (ID Verification) On Gate.io Step 3\" width=\"530\" height=\"484\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-3.jpg 530w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-3-480x438.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 530px, 100vw\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6431 size-full\" title=\"How To Complete KYC (ID Verification) On Gate.io Step 4\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-4.jpg\" alt=\"How To Complete KYC (ID Verification) On Gate.io Step 4\" width=\"533\" height=\"410\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-4.jpg 533w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-4-480x369.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 533px, 100vw\" \/><\/p>\n<p><strong><\/strong><\/p>\n<p><strong>Step 4: <\/strong>After you have submitted all the requested information, you will see the pending approval.<br \/>Approval can take anywhere from a few hours to a few days to complete.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6433 size-full\" title=\"How To Complete KYC (ID Verification) On Gate.io Step 5\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-5.jpg\" alt=\"How To Complete KYC (ID Verification) On Gate.io Step 5\" width=\"749\" height=\"354\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-5.jpg 749w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-COMPLETE-KYC-ID-VERIFICATION-ON-GATE.IO-Step-5-480x227.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 749px, 100vw\" \/><\/p>\n<p>Once the KYC is approved, you&#8217;re ready to make your first cryptocurrency purchase.<\/p>\n<h2><strong>How to buy cryptocurrency on Gate.io<\/strong><\/h2>\n<p><strong>Step 1: <\/strong>Log in to your <a href=\"https:\/\/www.gate.io\/active_signup\/signup\/10m-users?ch=10musers&amp;ref=7022521\" target=\"_blank\" rel=\"noopener\">Gate.io<\/a> account.<br \/>Then in the Menu Bar at the top of the page, click &#8220;Buy Crypto&#8221; and select &#8220;Credit Card&#8221;.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-1.jpg\" width=\"2550\" height=\"631\" alt=\"How To Buy Cryptocurrency on Gate.io Step 1\" class=\"wp-image-6436 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-1.jpg 2550w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-1-1280x317.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-1-980x243.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-1-480x119.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2550px, 100vw\" \/><\/p>\n<p><strong>Step 2: <\/strong>Enter the amount you wish to spend in the \u201cBuy with Fiat Currency&#8221; tab and select the cryptocurrency that you want to buy under the &#8220;Currency Purchased&#8221; field. Then select one of the &#8220;Service Providers&#8221; below and click the &#8220;Place Order&#8221; button to enter the confirmation page.<\/p>\n<p><strong>Note:\u00a0<\/strong>You might not be able to purchase every cryptocurrency directly using <a href=\"https:\/\/simplecryptoguide.com\/what-is-fiat-currency\/\">fiat<\/a>, if you&#8217;re looking to purchase something that isn&#8217;t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-2.jpg\" width=\"1574\" height=\"1084\" alt=\"How To Buy Cryptocurrency on Gate.io Step 2\" class=\"wp-image-6437 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-2.jpg 1574w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-2-1280x882.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-2-980x675.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/HOW-TO-BUY-CRYPTOCURRENCY-ON-GATE.IO-Step-2-480x331.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1574px, 100vw\" \/><\/p>\n<p><strong>Step 3: <\/strong>On the confirmation page, select &#8220;Buy Crypto&#8221; or the &#8220;Create Order&#8221; button to complete the payment.<\/p>\n<p><strong>Note: <\/strong><span style=\"font-size: 18px;\">To ensure a quick and secure way of receiving the order, users might need to conduct an additional Identity Verification (KYC) with a third-party service provider. Once successfully verified, the service provider will immediately transfer the cryptocurrencies to your Gate.io account.<\/span><\/p>\n<h2 id=\"5sd6ms\"><strong><span style=\"font-family: inherit;\">How to Conduct Spot Trading on Gate.io<\/span><\/strong><\/h2>\n<p><strong>Step 1:\u00a0<\/strong>Log in to your <a href=\"https:\/\/www.gate.io\/active_signup\/signup\/10m-users?ch=10musers&amp;ref=7022521\" target=\"_blank\" rel=\"noopener\">Gate.io<\/a> account.<br \/>Click on &#8220;Spot Trading&#8221; under &#8220;Trade&#8221; on the top navigation bar.<br \/>You can either choose &#8220;standard&#8221; or &#8220;professional&#8221; version. This tutorial uses the standard version.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-1.jpg\" width=\"2548\" height=\"789\" alt=\"How to Conduct Spot Trading on Gate.io Step 1\" class=\"wp-image-6440 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-1.jpg 2548w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-1-1280x396.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-1-980x303.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-1-480x149.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2548px, 100vw\" \/><strong><\/strong><\/p>\n<p><strong>Step 2: <\/strong>Search and enter the cryptocurrency you want to trade.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-2.jpg\" width=\"1816\" height=\"1049\" alt=\"How to Conduct Spot Trading on Gate.io Step 2\" class=\"wp-image-6441 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-2.jpg 1816w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-2-1280x739.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-2-980x566.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-2-480x277.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1816px, 100vw\" \/><\/p>\n<p><strong>Step 3: <\/strong>Set buying\/selling prices and buying\/selling amount (or exchange total). Then click on &#8220;Buy&#8221;\/&#8221;Sell&#8221;.<br \/>(<strong>Note<\/strong>: The percentages under the &#8220;Amount&#8221; box refer to percentages of the total account balance.)<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-3.jpg\" width=\"1436\" height=\"621\" alt=\"How to Conduct Spot Trading on Gate.io Step 3\" class=\"wp-image-6442 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-3.jpg 1436w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-3-1280x554.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-3-980x424.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-3-480x208.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1436px, 100vw\" \/><\/p>\n<p><strong>Step 4: <\/strong>If you don&#8217;t want to set a manual price, you can click on the last prices on the order book to set the buying\/selling price automatically.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-4.jpg\" width=\"2187\" height=\"1193\" alt=\"How to Conduct Spot Trading on Gate.io Step 4\" class=\"wp-image-6443 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-4.jpg 2187w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-4-1280x698.jpg 1280w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-4-980x535.jpg 980w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-4-480x262.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 2187px, 100vw\" \/><strong><\/strong><\/p>\n<p><strong>Step 5: <\/strong>Confirm the price and amount. Then click on &#8220;Place Order&#8221; to place the order, followed by &#8220;Confirm Order&#8221; to confirm it.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-5.jpg\" width=\"643\" height=\"327\" alt=\"How to Conduct Spot Trading on Gate.io Step 5\" class=\"wp-image-6445 alignnone size-full\" title=\"\" srcset=\"https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-5.jpg 643w, https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/01\/How-to-Conduct-Spot-Trading-on-Gate.io-Step-5-480x244.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 643px, 100vw\" \/><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"collapseomatic colomat-close scroll-to-trigger\" id=\"bot-r2d2wiki\">Hide Detailed Instructions<\/span><\/h4>\n<\/div>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span>For more in-depth instructions, our &#8216;<a href=\"https:\/\/simplecryptoguide.com\/the-absolute-beginners-guide-to-cryptocurrency-investing\/\">Absolute Beginner&#8217;s Guide To Cryptocurrency Investing<\/a>&#8216; will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.<br \/>And if you&#8217;re completely new to crypto our <a href=\"https:\/\/simplecryptoguide.com\/\">beginner, intermediate and advanced level articles<\/a>\u00a0will get you up to speed with everything you need to know about the cryptocurrency space starting out.\u00a0<\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;3px||2px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;16px&#8221; header_2_font_size=&#8221;14px&#8221; header_2_font_size_tablet=&#8221;42px&#8221; header_2_font_size_phone=&#8221;32px&#8221; header_2_font_size_last_edited=&#8221;off|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Simplecryptoguide.com<\/h2>\n<h3>What Is Monero (XMR)?<\/h3>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;2px|||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Public <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchains<span>\u00a0<\/span><\/a>are inherently transparent. For <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchains<\/a> to function in a decentralized environment, any peer must be able to independently verify all of its transactions. A quick look at<span>\u00a0<\/span><a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<span>\u00a0<\/span><\/a>or<span>\u00a0<\/span>Ethereum<span>\u00a0<\/span>is enough to see just how public their databases are.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Such an infrastructure provides several advantages, but it often compromises privacy and anonymity. Observers can link <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchain<\/a> transactions and<span>\u00a0<\/span>addresses<span>\u00a0<\/span>to potentially deanonymize address owners.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">These so-called pseudonymous<span>\u00a0<\/span>cryptocurrencies<span>\u00a0<\/span>are useful for a myriad of applications. However, privacy coins may be more desirable for those seeking true financial confidentiality. And when it comes to private cryptocurrencies, few are as well-known as Monero.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Monero (the Esperanto word for &#8220;money&#8221;) is a<span>\u00a0<\/span>cryptocurrency<span>\u00a0<\/span>built on the principles of<span>\u00a0<\/span><em>unlinkability<\/em><span>\u00a0<\/span>and<span>\u00a0<\/span><em>untraceability<\/em>. In plain English, this means that you should not be able to make a connection between two Monero transactions, nor should you be able to determine the source or destination of funds.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">This is Monero&#8217;s appeal. It still uses a <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchain<\/a> to track the movement of funds, but it leverages some neat cryptography to obscure transaction sources, amounts, and destinations.<\/p>\n<h2 id=\"a-very-brief-history-of-monero\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>A very brief history of Monero<\/strong><\/h2>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Monero is a fork of Bytecoin, a privacy-oriented cryptocurrency released in 2012. Bytecoin was the first protocol based on<span>\u00a0<\/span>CryptoNote, an<span>\u00a0<\/span>open-source<span>\u00a0<\/span>technology that aimed to solve some of <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin&#8217;s<\/a> shortcomings. Namely, those shortcomings are<span>\u00a0<\/span>ASIC<span>\u00a0<\/span>mining (the use of specialized<span>\u00a0<\/span>mining<span>\u00a0<\/span>hardware) and lack of privacy in transactions. CryptoNote now forms the basis of many cryptocurrencies seeking to emphasize confidentiality.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">In 2014, developers that were unhappy with the initial distribution of Bytecoin<span>\u00a0<\/span>forked<span>\u00a0<\/span>it into a new project known as<span>\u00a0<\/span><em>Bitmonero<\/em>. The name was later changed, dropping the &#8220;Bit&#8221; to reach what we know today as<span>\u00a0<\/span><em>Monero<\/em>.<\/div>\n<h2 class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iHaJKc\"><strong><\/strong><\/h2>\n<h2 id=\"header-2\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iHaJKc\"><strong>How does Monero work?<\/strong><\/h2>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">When researching Monero, you&#8217;ll stumble across the terms &#8220;ring signature&#8221; and &#8220;stealth address.&#8221; These are two of the key innovations that underpin the anonymity of Monero transactions. In this section, we&#8217;ll give a high-level overview of both concepts.<\/p>\n<h2 id=\"ring-signatures-and-confidential-transaction\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>Ring signatures and Confidential Transactions<\/strong><\/h2>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">A ring signature is a<span>\u00a0<\/span>digital signature<span>\u00a0<\/span>created by someone in a specified group. Given the signature and the group members&#8217;<span>\u00a0<\/span>public keys, anyone can verify that one of the participants provided the signature. But they can&#8217;t tell<span>\u00a0<\/span><em>which<\/em><span>\u00a0<\/span>one did.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">The 2001<span>\u00a0<\/span>How to Leak a Secret<span>\u00a0<\/span>paper that detailed this construct uses the example of a government cabinet. Suppose that a member of this cabinet \u2013 Bob \u2013 has some incriminating evidence about the Prime Minister. Bob wants to prove to a journalist that he is indeed a member of the cabinet, but he wants to remain anonymous.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Bob wouldn&#8217;t be able to do this with a regular digital signature. By comparing it with his public key, anyone could say with certainty that only Bob&#8217;s <a href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">private key<\/a> could have produced the signature. He could face severe consequences for blowing the whistle on the Prime Minister&#8217;s activities. However, if the other cabinet members&#8217; keys were used in a ring signature scheme, you couldn&#8217;t determine which one sent the message. Still, you could say that a cabinet member leaked the information, thus proving its authenticity.<\/p>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">This technique is used every time you create a transaction, providing you with plausible deniability. While constructing it, your Monero<span>\u00a0<\/span>wallet<span>\u00a0<\/span>pulls other users&#8217; keys from the <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchain<\/a> to form a ring. These keys effectively act as decoys \u2013 it appears to an observer that anyone in the ring could have signed your transaction. As a result, an outsider can never determine whether an<span>\u00a0<\/span>output<span>\u00a0<\/span>has been spent or not. <span>We refer to the number of dummy outputs as the\u00a0<\/span><em>mixin<\/em><span>.<\/span><\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">It used to be that the outputs included in the ring had to be the same size. Otherwise, it would be easy to figure out what was going on, as transaction amounts were visible. For instance, you might have a ring where only outputs of 2 XMR were included or one where only 0.5 XMR forms the ring.<\/p>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">The upgrade to RingCT (<em>Ring Confidential Transactions<\/em>) changed that. It incorporated<span>\u00a0<\/span>Confidential Transactions, a technique where transaction amounts are obfuscated. Its integration into the Monero protocol was a major privacy boost, as it means that you no longer need to work with set denominations. You can now construct a ring with outputs of different sizes without revealing any information that could be used to deanonymize you.<\/div>\n<h2 class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong><\/strong><\/h2>\n<h2 id=\"stealth-addresses\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>Stealth addresses<\/strong><\/h2>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Ring signatures hide where funds are coming from, but with regular<span>\u00a0<\/span>public addresses, you&#8217;d still be able to see where they&#8217;re going. That could be problematic if your identity is tied to one of your <a href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">blockchain addresses<\/a>.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Suppose that you use the same address for your e-commerce store for every order. Anyone that made an order could see the balance you&#8217;re holding and tell other people that it&#8217;s your business&#8217;s address. This could make you a target.<\/p>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Stealth addresses hide the destination of funds. They do this by having the sender generate a one-time address based on a public address used solely for that transaction. The public address might look something like this:<\/p>\n<pre class=\"sc-bdnxRM cnSqff\"><code class=\"sc-bdnxRM Text-msjfkz-0 dXYkLC\"><strong>41mT1gUnYHK6mDAxVsKeB7SP9hVesbESbWcupd7mMYC73GL4nSgsEwTGKHGT7GKoSEdMKvs8Fdu1ufPJbo5BV4d1PfYiEew<\/strong><\/code><\/pre>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">If you search for the address in a Monero<span>\u00a0<\/span><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/moneroblocks.info\/\" class=\"sc-bdnxRM Text-msjfkz-0 bUPXym\">block explorer<\/a>, you&#8217;ll see that you can&#8217;t tie any transactions to it. That&#8217;s because when a sender wants to send you funds, they create a stealth address by doing some mathematics with the one above. When they send XMR, they send it to a new address on the <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchain<\/a>. Each created address will be different from the previous one, and they cannot be linked together.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">However, you have two pieces of information that you can use: the<span>\u00a0<\/span><strong>private view key<\/strong><span>\u00a0<\/span>and the<span>\u00a0<\/span><strong>private spend key<\/strong>. As the names indicate, the view key allows you to see all of the transactions associated with your address. You can give this to others (your accountant, for instance) to audit the funds you&#8217;ve received. The spend key is what you&#8217;d normally think of as your<span>\u00a0<\/span><a href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">private key<\/a><span>\u00a0<\/span>\u2013 you use it to spend your<span>\u00a0<\/span>coins.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Monero has a<span>\u00a0<\/span><em>privacy by default<\/em><span>\u00a0<\/span>policy, meaning that you can&#8217;t opt out of using a stealth address. So while the public ledger is automatically obscured, you can still make your transactions transparent to parties of your choosing.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\"><\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">\n<h2 class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iHaJKc\"><\/h2>\n<h2 id=\"header-3\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iHaJKc\"><strong>Monero vs. Bitcoin \u2013\u00a0what&#8217;s the difference?<\/strong><\/h2>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">As cryptocurrencies, Monero and <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> present some similarities. But in reality, there are many aspects unique to both.<\/p>\n<h2 id=\"fungibility\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>Fungibility<\/strong><\/h2>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Fungibility<span>\u00a0<\/span>is a source of major disagreement in the <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> sphere. It refers to the interchangeability of a good with another good of a similar kind. Gold, for example, is considered fungible because you can swap an ounce of yours with someone else&#8217;s, and it will still be functionally identical. The same goes for cash \u2013 you can exchange a ten-dollar bill for another. Conversely, a unique piece of art like the Mona Lisa isn&#8217;t fungible as there isn&#8217;t another unit like it.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">In many digital currencies, it gets a bit more challenging to determine fungibility. Units in <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> are fungible at the protocol level, as the software doesn&#8217;t make any distinction between each BTC unit. Where it gets more ambiguous is at the social and political levels. Some contend that <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> is <a href=\"https:\/\/simplecryptoguide.com\/what-is-a-non-fungible-token-nft\/\">non-fungible<\/a> because each output is unique, whereas others argue that it doesn&#8217;t matter.<\/p>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Because <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin&#8217;s<\/a> <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchain<\/a> is transparent, transaction details like amounts and destinations can be tracked. Suppose that you received a five-dollar bill as change at a grocery store. That bill could have been used in a criminal transaction ten transactions ago, and it wouldn&#8217;t have any impact on the usability of the bill now. With <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a>, there have been incidents where<span>\u00a0<\/span>coins<span>\u00a0<\/span>have been refused or confiscated based on their &#8220;tainted&#8221; history. Even if users are unaware of past transactions, chain surveillance can blacklist coins and impact their usability as currency. And this is why some consider <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> a <a href=\"https:\/\/simplecryptoguide.com\/what-is-a-non-fungible-token-nft\/\">non-fungible asset<\/a>.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">In some circles, it&#8217;s thought that these practices could break some of the properties that make public ledger cryptocurrencies appealing. &#8220;Clean&#8221; coins that have been freshly mined (and thus, have no history) could be seen as more valuable than older &#8220;dirtier&#8221; ones.<\/p>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Those that oppose coin profiling believe that it uses unreliable and subjective techniques for analysis. Indeed, tools for<span>\u00a0<\/span>coin mixing and CoinJoining<span>\u00a0<\/span>are being made increasingly accessible to end-users, both of which obfuscate the source of funds.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Monero avoids these shortcomings from the get-go. Since observers can&#8217;t tell where funds came from or where they&#8217;re going, it&#8217;s perhaps more akin to cash than to non-privacy coins. Even in businesses with rigorous analysis policies, XMR from questionable transactions can be exchanged without issue.<\/p>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Monero&#8217;s added privacy does come at a cost, though. Transactions are much larger in size, meaning that there are some significant hurdles to overcome before the system can<span>\u00a0<\/span>scale<span>\u00a0<\/span>to accommodate the masses.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Interestingly, its strong fungibility has even earned the cryptocurrency a certain degree of notoriety, surpassing <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> as the money of choice for cybercriminals engaging in<span>\u00a0<\/span>cryptojacking,<span>\u00a0<\/span>ransomware, and dark web transactions.<\/div>\n<h2 class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong><\/strong><\/h2>\n<h2 id=\"blocks-and-mining\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>Blocks and mining<\/strong><\/h2>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Like <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a>, Monero uses<span>\u00a0<\/span>Proof-of-Work<span>\u00a0<\/span>to add blocks of transactions to the <a href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain\/\">blockchain<\/a>. As with all CryptoNote-based protocols, though, it&#8217;s designed to be<span>\u00a0<\/span>ASIC-resistant. The aim behind this is to prevent the dominance of<span>\u00a0<\/span>mining pools<span>\u00a0<\/span>running specialized, high-performance mining hardware.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Monero&#8217;s Proof-of-Work algorithm (recently changed from CryptoNight to RandomX) aims to make the system fairer by favoring<span>\u00a0<\/span>CPU<span>\u00a0<\/span>mining and weakening GPUs&#8217; effectiveness. The logic behind this is that mining will be better distributed as consumer-grade PCs remain competitive. Despite this,<span>\u00a0<\/span>hashing power<span>\u00a0<\/span>remains relatively concentrated in a handful of<span>\u00a0<\/span>mining pools.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Regarding<span>\u00a0<\/span>block<span>\u00a0<\/span>size, Monero does not have a fixed cap, unlike <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin&#8217;s<\/a> 4 million in<span>\u00a0<\/span><em>block weight<\/em><span>\u00a0<\/span>units. Instead, it has a<span>\u00a0<\/span><em>dynamic block size<\/em>, meaning that blocks can expand to accommodate increased demand. Accordingly, if demand is reduced, the permitted size will shrink. The size is calculated by looking at the median size of the previous hundred blocks (which are mined every two minutes, on average). Miners can produce blocks that exceed the limit, but they&#8217;ll be penalized with a reduced reward.<\/div>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">It&#8217;s worth noting that the<span>\u00a0<\/span>supply<span>\u00a0<\/span>is not finite, as is the case in <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a>. Monero has a decreasing<span>\u00a0<\/span>block reward<span>\u00a0<\/span>schedule, too, but it doesn&#8217;t tend towards zero over time. Instead, the block subsidy will indefinitely remain at a fixed amount to incentivize participants to keep mining blocks.<\/div>\n<h2 class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong><\/strong><\/h2>\n<h2 id=\"hard-forks\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>Hard forks<\/strong><\/h2>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">You can observe another interesting difference between <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> and Monero at the governance level. <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> is somewhat averse to<span>\u00a0<\/span>forks<span>\u00a0<\/span>to the extent that even simple upgrades are discussed for a long time before they&#8217;re implemented. But there is a reason for this. <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> developers need to be conservative at times to ensure the system remains stable, secure, and decentralized.<\/div>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Of course, forks are just protocol upgrade mechanisms. They&#8217;re often necessary to resolve critical bugs or to add new features. In <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a>, though, users prefer to avoid them as they can cause division, and may pose a threat to decentralization. Generally, hard forks in <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a> arise when a group wants to create a new cryptocurrency from the existing network. Other than that, they&#8217;re usually reserved for patching urgent vulnerabilities.<\/p>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">In Monero, however, frequent hard forks are very much a part of the roadmap. This ensures that the software can quickly adapt to changes and roll out security upgrades. Some view &#8220;mandatory&#8221; protocol updates as a weakness, though Monero hard forks don&#8217;t really carry negative connotations as they sometimes do in other cryptocurrencies. That&#8217;s not to say that they&#8217;re foolproof \u2013\u00a0frequent hard forks increase the risk of a vulnerability going unnoticed, and can push non-upgraded users off the network.<\/p>\n<h2 id=\"monero-developments\" class=\"sc-bdnxRM Text-msjfkz-0 Heading-juwhnu-0 dbXIgF iVYfC\"><strong>Monero development<\/strong><\/h2>\n<p class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">As with <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\">Bitcoin<\/a>, Monero&#8217;s development is open to all. Anyone can contribute to the source code and documentation. The community decides which features to add, remove, or amend. At the time of writing, the project has over 500 contributors. The Core development team is made up of developers such as Riccardo Spagni (aka\u00a0<a href=\"https:\/\/github.com\/fluffypony\" target=\"_blank\" rel=\"noopener\">FluffyPony<\/a>), Francisco Caba\u00f1as (<a href=\"https:\/\/github.com\/ArticMine\" target=\"_blank\" rel=\"noopener\">ArticMine<\/a>), and pseudonymous devs\u00a0NoodleDoodle,\u00a0othe, and\u00a0binaryFate.<\/p>\n<div class=\"sc-bdnxRM Text-msjfkz-0 Renderer___StyledText-mfgg8t-2 FzXtN\">Alongside sponsorships, the<span>\u00a0<\/span><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/ccs.getmonero.org\/\" class=\"sc-bdnxRM Text-msjfkz-0 bUPXym\">Community Crowdfunding System<\/a><span>\u00a0<\/span>(CCS) is used to fund development. Users can pitch ideas that, if selected by the community, undergo a crowdfunding period. Once certain milestones have been hit in bringing the project to fruition, the funds are paid out to those responsible.<\/div>\n<\/div>\n<\/div>\n<\/div>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243; locked=&#8221;off&#8221;]\n<h2>Monero development updates in 2023<\/h2>\n<p>Monero (XMR) has undergone several significant developments in 2023, further solidifying its position as a leading privacy-centric cryptocurrency. Here&#8217;s an overview of these developments:<\/p>\n<ul>\n<li>\n<p><strong>GUI Software Enhancement<\/strong>: Monero introduced an updated version of its GUI software (v0.18.3.1), which greatly improved the user experience, especially for Mac users. This update, launched by October 7th, 2023, included full compatibility with macOS ARM devices, improved error messaging, a new Ledger Stax display option, and enhanced messages for P2Pool failures\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/cryptomode.com\/5-major-developments-for-monero-xmr-in-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>DeFi Integration<\/strong>: Monero expanded its utility by integrating into the DeFi ecosystem. This integration allows users to engage in anonymous trading on decentralized exchanges, partake in privacy-preserving loans, and contribute to liquidity pools, all while maintaining their anonymity\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/cryptomode.com\/5-major-developments-for-monero-xmr-in-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Community-Driven Development<\/strong>: Monero continues to benefit from its decentralized, community-driven approach to development. The community actively contributes to the network\u2019s enhancement, maintaining its ethos of privacy and decentralization. This includes the development of anti-ASIC mining algorithms to resist centralization\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/cryptomode.com\/5-major-developments-for-monero-xmr-in-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Security Resilience<\/strong>: In September 2023, Monero faced a significant security breach, resulting in the unauthorized withdrawal of a substantial amount of XMR from the Monero Community Crowdfunding System (CCS). Despite this, the Monero market showed resilience with an increase in its value following the incident\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/cryptomode.com\/5-major-developments-for-monero-xmr-in-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Privacy and Security Advancements<\/strong>: Monero continued to advance its privacy and security features. Implementations such as ring signatures and stealth addresses play a critical role in concealing transaction details and user identities, maintaining Monero\u2019s status as a leader in private digital currencies\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/cryptomode.com\/5-major-developments-for-monero-xmr-in-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>New Miner and Community Concerns<\/strong>: Bitmain announced the launch of the Antminer X5, the first professional Monero miner. This development raised concerns within the Monero community regarding the potential centralization of mining power. Monero has historically resisted ASIC mining to maintain decentralization, and this new development poses challenges to that ethos\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/ambcrypto.com\/monero-a-new-miner-growing-concerns-and-the-current-state-of-the-xmr-token\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<\/ul>\n<p>These developments reflect Monero\u2019s ongoing commitment to enhancing its ecosystem while staying true to its core principles of privacy and security. The community&#8217;s involvement and resilience in the face of challenges continue to be key drivers in Monero&#8217;s evolution and adaptation in the dynamic world of cryptocurrencies.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><strong>Official website<\/strong>: <a href=\"https:\/\/www.getmonero.org\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.getmonero.org\/<\/a><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;15px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||-2px|||&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2><strong>Best cryptocurrency wallet for Monero (XMR)<\/strong><\/h2>\n<p><span>There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. <\/span><span>There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.<\/span><\/p>\n<h2><strong>HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Monero (XMR)?<\/strong><\/h2>\n<p><span>Deciding which type of wallet to use depends on a variety of factors, including:<\/span><\/p>\n<ul>\n<li><b>How often you trade.<span>\u00a0<\/span><\/b><span>In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.\u00a0<\/span><\/li>\n<li><b>What you want to trade.<span>\u00a0<\/span><\/b><span>As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.<\/span><\/li>\n<li><b>Your peace of mind.<\/b><span>\u00a0For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.<\/span><\/li>\n<li><b>How much it costs.<\/b><span> It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.<\/span><\/li>\n<li><b>What it can do.<span>\u00a0<\/span><\/b><span>While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features,\u00a0<\/span><span>insights into the crypto market<\/span><span>, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.<\/span><\/li>\n<\/ul>\n<p><em>For a more in-depth overview of cryptocurrency wallets visit our <a href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">\u201cCryptocurrency Wallets Explained\u201d<\/a>\u00a0guide.<\/em><\/p>\n<p><strong><\/strong><\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span>If you\u2019re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.<br \/><\/span>Most widespead examples of this being the<span>\u00a0<\/span><a href=\"https:\/\/shop.ledger.com\/?r=6ea78e5561ed\" rel=\"nofollow noopener\" target=\"_blank\">Ledger Nano<\/a><span>\u00a0<\/span>and the<span>\u00a0<\/span><a href=\"https:\/\/trezor.io\/?offer_id=12&amp;aff_id=8526&amp;aff_unique1=simplecryptoguide\" rel=\"nofollow noopener\" target=\"_blank\">Trezor<\/a>.<\/p>\n<p><a href=\"https:\/\/shop.ledger.com\/?r=6ea78e5561ed\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Ledger<\/strong><span>\u00a0<\/span><\/a>manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it.<span>\u00a0<\/span>Ledger<span>\u00a0<\/span>offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).<\/p>\n<p><a href=\"https:\/\/trezor.io\/?offer_id=12&amp;aff_id=8526&amp;aff_unique1=simplecryptoguide\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Trezor<\/strong><span>\u00a0<\/span><\/a>is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community\u2019s respect over the years.<span>\u00a0<\/span>Trezor<span>\u00a0<\/span>offers two main models \u2013 The Trezor One and Trezor Model T (which has a built in touch screen).<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/11\/Ledger.jpg&#8221; alt=&#8221;Ledger Hardware Wallet&#8221; title_text=&#8221;Ledger Hardware Wallet&#8221; url=&#8221;https:\/\/shop.ledger.com\/?r=6ea78e5561ed&#8221; url_new_window=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/11\/Trezor.jpg&#8221; alt=&#8221;Trezor Hardware Wallet&#8221; title_text=&#8221;Trezor Hardware Wallet&#8221; url=&#8221;https:\/\/trezor.io\/?offer_id=12&#038;aff_id=8526&#038;aff_unique1=simplecryptoguide&#8221; url_new_window=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Features&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; header_2_font_size_tablet=&#8221;42px&#8221; header_2_font_size_phone=&#8221;32px&#8221; header_2_font_size_last_edited=&#8221;off|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Market Overview<\/h2>\n<h3><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\">Coinmarketcap.com<\/a><\/h3>\n<div class=\"VwiC3b yXK7lf MUxGbd yDYNvb lyLwlc lEBKkf\"><span>Find the latest <a href=\"https:\/\/coinmarketcap.com\/currencies\/monero\/\" target=\"_blank\" rel=\"noopener\">Monero (XMR) price chart<\/a>, trade volume, market cap, and\u00a0other vital information to help you with your cryptocurrency trading and investing.<\/span><\/div>\n<div class=\"jYOxx\"><\/div>\n<p><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\">Coinmarketcap<\/a> will be your cryptocurrency go-to for just about everything. Here you can see the following:<\/p>\n[\/et_pb_text][et_pb_blurb title=&#8221;Market Capitalization And Daily Trading Volume&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;1em&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; icon_font_size=&#8221;22px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blurb][et_pb_blurb title=&#8221;Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;1em&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; icon_font_size=&#8221;22px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blurb][et_pb_blurb title=&#8221;Circulating And Total Supply&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; 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