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I just bought Monero on Binance exchange and a warning came up saying I need both a payment address and payment ID, or my money spent will be lost. This didn't happen with other transactions.

Please help me. I can't afford to lose my investment in Monero!

Thank you!!!

Stopher
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Typically when you 'join' an exchange, everyone's coin is in a single address/wallet run/owned by the exchange. The payment ID is a way to keep records of who owns what. Kinda like a sub wallet. Or your account number. The exchange should give you a payment ID to use for the transfer.

Dave
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Looks to me that you need a wallet for XMR. You can use wallet from freewallet.org for yours phone so you will get payment address and payment ID when yours wallet is activated.

Amit Vujic
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