Cryptocurrency Q&A
Why can't i buy XMR on Binance?
Why can't i buy XMR on Binance?
Sara
Mon Jun 17 2024
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5 answers
1025
I'm curious about something, could you please help me understand? I've been trying to purchase XMR on Binance, but I'm unable to do so. Could you tell me why that is? Is there a specific reason why Binance doesn't offer XMR trading? Is it due to regulatory issues, technical limitations, or some other factor? I'm quite interested in investing in XMR and would appreciate any insight you can provide. Thank you in advance for your assistance.
5 answers
Rosalia
Tue Jun 18 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures contracts, and a digital wallet. Its comprehensive suite of offerings caters to a diverse range of crypto enthusiasts and investors.
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Michele
Tue Jun 18 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at market prices, while its futures contracts provide leveraged trading opportunities. Additionally, the exchange's wallet service offers a secure and convenient way to store digital assets.
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CryptoBaroness
Tue Jun 18 2024
Binance's decision to delist XMR likely stemmed from regulatory concerns associated with the privacy-oriented cryptocurrency. XMR, known for its anonymity features, obscures transaction details to protect user privacy.
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AmyDavis
Tue Jun 18 2024
Despite its appeal to privacy-conscious individuals, the hidden nature of XMR transactions has also attracted scrutiny from regulatory bodies. The lack of transparency in transactions could potentially facilitate illegal activities, such as money laundering or tax evasion.
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lucas_lewis_inventor
Tue Jun 18 2024
Binance, as a leading cryptocurrency exchange, is obligated to comply with regulatory requirements and uphold standards of financial transparency. The exchange must carefully evaluate the cryptocurrencies it lists to ensure they do not violate any legal or regulatory frameworks.
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