Monero (XMR) is an open source cryptocurrency (accessible to everyone) that primarily focuses on privacy and decentralization. Monero is a private, secure, and untraceable cryptocurrency. With Monero, you are solely in control and responsible for your funds, so it becomes your bank. Your account and transactions will be kept safe and protected from third party eyes.
Founded in April 2014, Monero utilizes a public ledger to record transactions as new units are generated through the mining process. Monero aims to extend current cryptocurrency designs by obfuscating the sender, receiver, and size of transactions made on the blockchain, making the mining process more open-ended.
Decentralized consensus confirms all transactions and records them untraceably on the blockchain. You don't need to trust third parties to keep Monero safe. The emphasis on privacy has prompted illegal use by people interested in evading law enforcement. A fair mining process would make mining unnecessary for both sanctioned online publishers and malicious hackers who secretly embed mining code into platforms such as apps and websites, opening up new means of financing. I did. Monero features ring signatures, private ring transactions, and secret addresses to obscure the source, amount, and destination of every transaction. Monero offers all the benefits and benefits of a decentralized cryptocurrency without the usual privacy concessions.
Monero price was $13.352 on January 1, 2017. After just about a year of rapid growth in value, the price as of January 11, 2018 is now $384.00. On December 21, 2017, it traded as low as $10.495 on January 16, 2017. The price of Monero at the end of 2017 was $348.25, and the price of Monero in 2017 increased by 2508.223%. The starting investment amount was $100. In 2017, you would have earned more than $2,500.00.
How to buy Monero (XMR) from Changelly
Although Changelly does not accept cash directly on its platform, you can purchase some cryptocurrencies on the Changelly platform using a debit card associated with your bank account, or a credit card, Master Card, or Visa.
Steps to purchase MONERO with USD credit card
You can buy Monero with your USD credit card by simply entering the amount in USD on the Changelly homepage. There you will see real-time rates for all currencies, including the Monero XMR price. This rate changes instantly as the amount of this digital coin increases or decreases.
- On the home page, select USD from the dropdown in the first box and XMR in the other box. Enter the amount you want to purchase in the USD field, and the other field will generate the amount of Monero that you can purchase with the USD you entered. Click “Exchange!”
- Review the amount and estimated rate and click Next to proceed to the next step.
- Specify your Monero wallet and enter the recipient address. You may need to add a payment ID if your wallet requires it. Otherwise, this feature is optional and you do not need to enter it. Then click Next.
- Before processing, please carefully cross-check all details provided to avoid errors. Click “Confirm and pay”.
- This page requires you to enter your credit card details. To do this, enter your credit card number. You will also need to enter your credit/debit card expiry date and CVC number. This information is located on the back of the card. Once you have entered all the information, click the “Pay” button. This will show you the amount in USD that Changelly will deduct from your credit card.
- Please wait for a while until the transaction is completed.
- If the transaction is successful, “Transaction completed” will be displayed and a receipt will be issued. For security reasons, be sure to write down your transaction ID.
You should get Monero into your designated Monero wallet within the next 30 minutes maximum. Please make sure that the wallet address you entered is correct and that it is a Monero wallet address and not another coin. If you do not verify and enter the correct wallet address, you will lose your Monero coins.
