Is there a specific payment ID for Monero on Binance?
Kidd LaugesenFeb 22, 2025 · 8 months ago3 answers
I'm wondering if there is a specific payment ID for Monero when using Binance as the exchange platform. Can anyone provide some insights on this?
3 answers
- Malcom RoyalJul 01, 2020 · 5 years agoYes, there is a specific payment ID for Monero on Binance. When making a Monero deposit or withdrawal on Binance, you need to provide a payment ID along with the destination address. The payment ID is used to identify the recipient and ensure that the funds are correctly credited to the intended account. It is important to double-check the payment ID before initiating any transactions to avoid any issues.
- Haaning OrrMar 25, 2024 · 2 years agoAbsolutely! If you're using Monero on Binance, you'll need to include a payment ID when making deposits or withdrawals. The payment ID is a unique identifier that helps Binance associate the transaction with your account. Without a payment ID, Binance may not be able to credit the funds to your account correctly. So make sure to include the payment ID when performing any Monero transactions on Binance!
- isiya usmanSep 03, 2022 · 3 years agoYes, there is a specific payment ID for Monero on Binance. When sending Monero to Binance, you can find the payment ID in the deposit section of your Binance account. It is important to use the correct payment ID to ensure that your funds are properly credited to your account. Remember to always double-check the payment ID before initiating any transactions.
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