How to Swap BNB to XMR?

What should you know before swapping BNB to XMR? What are the best ways to exchange?

How to Swap BNB to XMR?

There are several ways to swap BNB to XMR. The most popular are:

• Cryptocurrency exchanges. Cryptocurrency exchanges allow you to exchange BNB to XMR and other coins at the market rate. As a rule, the commission is 1.5–4%. However, cryptocurrency exchanges also have a number of disadvantages. Among them are time limits, the limits on the maximum amount of cryptocurrency to exchange, the high risk of account hacking, and funds theft. In addition, some cryptocurrency exchanges require verification: send passport data, photo-selfies, confirm residence address. Otherwise, members can not fully use the functionality.
• Anonymous exchangers. It is no need to leave any personal data when conducting BNB to XMR exchange, for example, name or phone number. All you need is to specify the sum of exchange and cryptocurrency wallet address. Anonymous exchangers are popular because of the absolute security of transactions, high transaction speed, and no exchange limit.
• Direct exchange with the help of individuals. The most profitable and risky method. Participants of the transaction independently agree on the rate, the amount to be transferred, choose the payment system for the transfer. It is desirable that the people exchanging the cryptocurrency know each other personally. After all, if a stranger from a forum (social network) decides to cheat, you will find yourself in a hopeless situation.
• P2P-platforms. This method of cryptocurrency exchange combines the advantages of direct exchange and cryptocurrency exchange. That is, you do not lose money on exchange rate differences, while conducting the transaction through a guarantor, minimizing the risks. You only have to pay a symbolic commission for creating the ad or the transaction itself — 0.5–1%.

Often people convert XMR to BNB received from the best cryptocurrency faucets (websites that reward users with certain amounts of crypto for performing some actions). Described above options also can be used for this purpose.

Final Analysis

Anonymous exchangers, cryptocurrency exchanges like Binance, direct exchange, and P2P-platforms — you can use any option to convert BNB to XMR.