How to Buy SCRT on a Centralized Exchange (CEX)

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Secret Network Ecosystem

4 min readMay 19, 2022

SCRT is the native token of Secret Network — the privacy hub for Web3. Learn more about Secret’s powerful use cases here.

In this article, we are going to give a detailed rundown of steps on how to buy and withdraw SCRT from two of the most reputable centralized exchanges. We’ll cover options for US citizens (Kraken) and non-US citizens (Binance).

[Kraken coming soon]

What you’ll need first

A Keplr wallet, the interchain wallet for the Cosmos ecosystem. If you don’t have one yet, follow this video tutorial to set up your Keplr wallet
Own a verified Binance or Kraken account

How to buy SCRT on Binance

For non-US citizens, one of the best exchanges to buy SCRT is Binance. Here we’ll take you through all the steps to do so and port your SCRT over to Secret Network.

Step 1: Buy SCRT with your credit or debit card

Go to the Binance website and log in to your account
Click “Buy Now” on the Homepage

On the screen that shows up, make sure you selected “Buy” at the top
Click on the “fiat picker” (1) to choose which fiat currency you want to buy SCRT with
Enter the amount of fiat you want to spend (2)—you’ll see the amount of crypto you’ll get in return in the “Receive” box

Click on the “crypto picker” in the second box and select SCRT
Adjust the amount of fiat until you’re happy with the amount of SCRT you’ll get
Click “Continue”

Next, you’ll have to choose your payment method. To buy with a credit or debit card, click “Visa/MasterCard” and then “Continue”. Note that Binance will charge 1% of the total amount spent

Follow the instructions and enter your card details. Double-check your details to make sure they’re correct, then click “Next”

Your card will be added. Please check your payment details and click “Continue”
You’ll now be redirected to your bank’s OTP transaction page. Follow the on-screen instructions to verify the payment

After completing the payment, you should see the purchased crypto in your Binance account instantly!

Step 2: Transfer your SCRT to your Keplr wallet

To be able to stake your SCRT and use it for gas fees on Secret Network, you’ll need to transfer your SCRT to your Keplr wallet. To do so, follow these steps:

Select “Withdraw” at the top and click on “Withdraw Crypto”

Click on the “coin picker” and select SCRT

Click on the drop-down underneath “Network” and select Secret
Enter your Secret Network wallet address. 🚨 This address should start with “secret” (if it doesn’t, you accidentally copied a different Cosmos address from your Keplr wallet)

Note: Binance also supports BSC (BNB Smart Chain) for withdrawing SCRT. If you’d like to withdraw to a BSC address, choose the BSC option, but be extra careful! If you withdraw to the wrong address, you might lose your SCRT.

For this transaction, you do not need a MEMO. You need to provide the MEMO when sending SCRT to another Binance account or another exchange.

Enter the amount you’d like to transfer to your Keplr wallet. You’ll see the corresponding transaction fee and the amount you’ll receive after a successful transaction
Click “Withdraw” to proceed

You need to verify the transaction by following the on-screen instructions

Once you’ve followed all these instructions, your SCRT should be in your Keplr wallet in a few minutes!

What’s next?

You now have a great understanding of how to purchase and withdraw your SCRT on Binance, Kraken, and similar exchanges.

Secret is a thriving ecosystem with hundreds of apps and new use cases being unlocked every day.

Owning SCRT is your gateway to participating in governance, earning staking rewards, and participating in DeFi opportunities on the network like SecretSwap, Sienna, and many more.

To learn more about Secret Network:

Visit the Secret Network website
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Join our Discord community