Monero uses unique cryptography to keep its transactions 100% private and anonymous.
Monero is an open-source project that anyone can use, with its development based on donations and a dedicated solid community.
Every time anyone sends and receives funds in Monero, a new one-time address is generated. This improves your anonymity as only the sender and receiver will know the actual address from where the payment was sent.
Monero price chart (XMR / NZD)
Step 1: Register with a cryptocurrency exchange
To participate in the world of crypto-trading, you first need to sign up with a cryptocurrency exchange. These platforms are where you can buy, sell, and hold cryptocurrency.
There are plenty of cryptocurrency scams out there, so be sure to buy and sell on a reputable exchange.
Binance is one of the best places to buy Monero, especially if you live in the New Zealand. Registration is quick and simple, and the XMR is very easy to buy with NZD.
Why is Binance the best?
Low transactions fees of 0.1% and below
25% on trading fees paid with the BNB token
Binance is available all over the world
Supports a wide selection of over 500+ crypto assets
Over 50+ fiat currencies supported
Binance staking allows users to earn rewards on their crypto holdings
More trading options, including spot trading, margin trading, P2P, and futures trading
NFT marketplace to buy and sell NFTs
Different trading interfaces to accommodate every users’ trading experience
The Binance mobile app enables users to access their accounts and trade on the go
Binance Visa Card to spend your crypto hassle-free
The Binance Trust Wallet supports 53 blockchains and 1M+ assets.
Unfortunately, Binance is not available in the United States, and Americans can only trade on Binance.US, a Binance version that’s compatible with U.S. regulation.
How to Register on Binance
Firstly, click on the button below to register with Binance, it’s free and easy
Important: Use our unique link and get 15% off commissions on Binance.
To get started, just enter your email address, create a password for your account and click [Create Account].
Your password should be a combination of numbers and letters. It should contain at least 8 characters, 1 upper case letter and 1 number for security.
For security verification, drag the puzzle piece to the right until it fits into its slot.
A 6-digit code will be sent to you via email. Enter it in the next screen.
Finally, you will reach the Welcome to Binance screen. This screen will outline some of the core features.
Step 2: Verify Your Account
Verification is a process used by exchanges to establish the identity of customers. It is necessary for any kind of financial transaction, especially those with higher levels of security or legitimacy. Any user who wants to trade crypto on exchanges must go through verification.
For new users, you may click [Get verified] on the homepage directly.
Click [Start Now] to verify your account.
Select your country (In your case New Zealand) of residence. You will then see the list of verification requirements for your country. Click [Continue].
Enter your personal information and click [Continue].
Next, you will need to upload pictures of your ID documents. Most users can choose to verify with a passport, ID card, or driver’s license.
After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.
After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer.
After you complete the process, please wait for Binance to review your data promptly. Once your application has been verified, Binance will send you an email notification.
Cryptocurrencies and blockchain continue to be favored targets for criminal activity. The ability to make anonymous transactions can allow criminals to engage in financial transactions with more impunity. KYC protocols and identity verification is an essential element for policing the market and protecting crypto investors from theft.
Step 3: Fund Your Account and buy Monero
To invest in Monero, you’ll need to deposit some money into your account.
Log in to your account, head over to the “Buy Crypto” section on the Binance toolbar, and choose the “Credit/Debit Card” option.
Select Monero and enter your order amount. The total price with fees will be calculated in the second bar.
After that, you will be prompted to enter your card details and after confirmation, you will finally buy your first Monero. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.
How to Save 40% on Fees When Buying Monero
One way you can lower your trading fee is by keeping some Binance Coin in your account at all times so your fees can be taken from that. Doing this gets you 25% off all trading fees.
In total, you get a 40% discount on all transaction fees!
Alternative ways to buy Monero
If you were unable to buy Monero on the exchange using NZD, you can buy it using another cryptocurrency, such as Bitcoin. You can always buy BTC for the first time using platforms such as LocalBitcoins, then transfer your BTC to a Binance to buy Monero. In this case, you can further reduce costs.
Below are a few of the sellers in the New Zealand who sell bitcoins with NZD.
I’m accepting New Zealand national bank transfer as payment method to buy Bitcoin from me
I am active and ready to reply to chats
If you can’t find me active,
Text me on here :
⥤ Online now and will respond within minutes! More BTC than this ads limit is always available on request; please ask
Fast, easy, and local (based in Christchurch). You'll always be guaranteed safe, consistent and hassle-free trades. Check out my trading feedback over the years from Kiwis like you
New users welcome!
► Payment must be made from your own personal New Zealand bank account under your own name.
► If we have not traded before you will need to send a single clear, unmodified photo of yourself holding together a readable New Zealand ID and a handwritten note saying "Buying Bitcoin from Pana951 on Localbitcoins.com [Today's Date]" before trading. Please have this ready when you open the trade.
* I reserve the right to decline trades, even if the above has been provided.
► BTC will be released to you from escrow as soon as I can verify the payment has cleared into my bank account, usually within 5 minutes of the deposit clearing or less. Online transfers from some banks are instant, while others will take around 90 minutes to clear [Mon-Fri].
► When you open a new trade, please let me know which bank you’ll be transferring from in your first message
► If you have any questions, don't hesitate to contact me here: https://tawk.to/pana951
[This ad is for Localbitcoins users with a valid New Zealand Passport, New Zealand Drivers Licence or 18+ card (Kiwi Access Card) only - Please note I don't accept cash trades in-person or over the counter at a bank branch]