#XMR You're asking about Monero (XMR). Monero is a cryptocurrency that focuses on privacy, aiming to provide secure, private, and untraceable transactions. It was launched in 2014 and uses advanced cryptographic technologies like ring signatures, stealth addresses, and RingCT to conceal transaction details such as amounts, senders, and receivers. This makes Monero's blockchain opaque, unlike many other cryptocurrencies with transparent blockchains like Bitcoin and Ethereum.
Regarding Monero (XMR) on Binance:
You can buy Monero (XMR) on Binance. The process generally involves signing up for a Binance account, completing verification, funding your account (often with other cryptocurrencies like BTC or ETH as Binance does not support direct fiat transactions for XMR in all regions), and then trading for XMR.
Binance previously had trading pairs for Monero against Bitcoin, Ethereum, and Tether. However, it's important to note that Binance announced the delisting of Monero (XMR) on February 6, 2024.
While Monero might not be directly available for trading against fiat currencies like USD on Binance, you could potentially convert Monero into other cryptocurrencies that can then be converted to fiat, depending on your region.
Due to its privacy-focused nature, XMR is not listed on all major exchanges. The regulatory landscape for privacy coins like Monero is evolving, and some exchanges have delisted them to comply with stricter regulations.