Monero (XMR) is one of the world's first privacy coins. This unique cryptocurrency has pioneered multiple technologies to accomplish this important task.
For more information, check out our guide to investing in Monero.
How to buy Monero (XMR) in 4 steps
The entire process takes just 10 minutes. Here's what you need: smartphone or computer, photo identification, and means of payment.
- Compare virtual currency exchanges – List of top cryptocurrency exchanges where you can buy Monero (XMR). Cryptocurrency.
- Create an account – Verify your email address and identity.
- I will make a deposit – Debit card, credit card, wire transfer, or Bitcoin.
- buy monero – Purchase using funds XMR.
We are listing the top 5 exchanges that offer you the ability to buy cryptocurrency Monero (XMR) using your credit card, debit card, or Bitcoin (BTC).
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry, with over 9 million users and over $207 billion in quarterly trading volume.
Kraken started small but now offers over 200 digital assets, including Monero (XMR). For more sophisticated investors, Kraken also offers futures trading and margin trading.
Kraken continues to evolve its platform and remains committed to the industry by being one of the first exchanges to offer new token purchase opportunities.
Kraken offers trading access to over 190 countries, including Australia, Canada, and Europe. Most recommended exchange for US residents. (Excludes New York and Washington states)
Read our review of Kraken or visit Kraken.
KuCoin is a well-known name in the industry and one of the most competitive when it comes to fees and transaction costs. The exchange has rapidly grown from its early days of offering only cryptocurrencies to trading between cryptocurrencies. It now offers a variety of services, including P2P exchange functionality and credit and debit card purchases.
KuCoin currently offers Monero (XMR) cryptocurrency trading and over 300 other popular tokens. In many cases, we will be the first to offer you the opportunity to purchase new tokens.
US residents are prohibited.
Read our KuCoin review or visit KuCoin.
Founded in 2013, Gate.io has grown into a well-respected trading platform. Although not the most popular exchange, it provides users with an easy-to-use interface for beginners while maintaining robust and advanced charts for a variety of skill levels, including technical traders. The exchange boasts a large number of altcoins, including Monero (XMR), and is often the first exchange to add new tokens. In particular, Gate.io maintains a strong stance against market manipulation of any kind.
Currently this exchange is We accept residents of Australia and the UK.
Residents of the United States and Canada are prohibited.
Read our Gate.io review or visit Gate.io.
Founded in 2013, HTX has since become one of the world's largest digital asset exchanges with cumulative trading volume reaching USD 1 trillion. His HTX, which once accounted for half of the world's digital asset transactions, now serves more than 5 million users in more than 130 countries around the world.Furthermore, at present, HTX is Residents of the United States or Canada are not accepted.
HTX is one of the top exchanges currently offering Monero (XMR) trading opportunities.
Read our HTX review or visit HTX.
Founded in 2018, WazirX is India's largest crypto exchange with over 6 million users and is rapidly expanding. It is currently one of the most reputable exchanges offering Monero (XMR) trading opportunities and currently accepts clients from all over the world. This exchange is part of the Binance Group, which guarantees high standards of quality.
US residents are prohibited.
Read our WazirX review or visit WazirX
What is Monero (XMR)?
Monero is a decentralized open source cryptocurrency founded in 2014. This digital currency is widely known as the most popular “privacy coin”.
What is it for?
Monero provides users with an efficient means of transferring value through the use of privacy-focused digital coins under the ticker “XMR.” Its development and launch was largely due to privacy flaws on the Bitcoin network.
Unlike various competitors, the privacy features of the Monero blockchain are unique and cannot be turned off. All transactions are as private as previous transactions.
How does Monero work?
Like many other popular cryptocurrencies, Monero relies on a “proof-of-work” structure that underpins its network. In particular, the developers contributing to Monero have been working to keep mining this asset profitable on GPUs. While ASIC devices need to make money with cryptocurrencies such as Bitcoin, Monero regularly adjusts its mining algorithms to discourage its use.
Monero is used in much the same way as most cryptocurrencies, but uniquely offers unparalleled privacy.
- ring sign
- Fungibility (no distinguishing factor between coins)
- Stealth address (untraceable history)
What are the expected developments?
Monero development is community-driven, not just a small group of dedicated developers.
Perhaps the biggest development on Monero's roadmap is the implementation of a second-tier solution. A prime example of this is the use of the Lightning Network. With this solution, Monero will primarily benefit from the ability to complete atomic swaps.
An underlying ideology?
There is one clear ideology that drove the development of Monero. It's privacy. As the world becomes increasingly connected, society has less privacy than ever before. Undoubtedly, this is the driving appeal behind Monero, as it allows us to regain some of what we have lost in recent years in the name of connectivity.
Acceptance and controversy?
Due to the nature of Monero, there are various governments that do not condone its use. This is because it gives users privacy, so basically this attribute is a double-edged sword.
This is a difficult problem to overcome. While people have the right to privacy, some people misuse their Monero for illegal activities.
Regulation?
Although the majority of countries have remained silent about their views on Monero, a select few have opposed its use. The most obvious example is Japan. As a result, various exchanges seeking to maintain their licenses in the country have delisted Monero and similar coins.
Who made it?
Monero is widely believed to have been created by seven individuals. In keeping with the production's focus on privacy, five of these individuals have not revealed their identities to this day. The remaining two are as follows:
- Riccardo Spagni
- David Latapy
Interestingly, there is a growing belief that the original author of the Monero White Paper, Nicolas van Saberhagen, may be the infamous Satoshi Nakamoto. This belief is based on previous writings known as Satoshi, including ideas such as ring signatures and stealth addresses, very unique properties that he incorporated into Monero just three years after Bitcoin was created. ideas are explained in detail. However, this idea has not been proven to be true and is just speculation at this point.
