Want to buy Monero?Looking for best Monero exchanges?
Some cryptocurrencies don’t really require much introduction. That is because they are the pioneers and also doing some things that no other crypto is. And without a doubt, Monero cryptocurrency is one of those and is also one of my favorite anonymous currencies out there.
For those of you who don’t know about Monero, here is a brief intro to it:
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that doesn’t take Bitcoin core’s code to start with their cryptocurrency.
Monero should be a part of your portfolio because if and when governments around the world launch a crackdown on cryptocurrencies, Monero-like anonymous coins will have great use cases to offer.
And precisely because of all these reasons, many investors want to buy it. Therefore, in this post, I will tell you different ways by which you can buy Monero.
How To Buy Monero (XMR)
1. MyCoinChain
If you are buying/trading cryptocurrencies for the first time, MyCoinChain is the best and the easiest option for you to trade for your Monero coins.
To do this, you will need the following things:
First, get your Monero address ready where you would like to receive your Monero. You can alternatively create a Monero wallet on their site.Second, you should have some bitcoins/altcoins to exchange for Monero.
Head to my blog post and follow the step by step process I’ve given in this guide.
Note: Though the guide shows how to buy Bitcoin(BTC) in exchange for Monero(XMR), the process is exactly the same to buy Monero (XMR) with any other altcoin.
2. ChangeNOW
ChangenNOW is an instant crypto exchange platform, and here you can exchange or buy XMR (Monero) without needing to register an account. This is a huge advantage, as you may want to stay anonymous when getting Monero.
The process of acquiring Monero (XMR) is simple, and all you need to do is,
Head over to ChangeNOW websiteSelect the primary coin (ex: BTC, ETH) and select XMR (you get)
On the next page, you need to enter your XMR address on which you want to receive the XMR.
On the final page, send BTC or your primary selected coin, and ChangeNOW will instantly exchange that into XMR.
You also have an option to buy Monero using credit card or debit card via ChangeNOW, as highlighted in the above screenshot.
3. Binance
Binance, one of the busiest cryptocurrency exchanges out there today, has supported the buying/selling of Monero (XMR) ever since its launch in 2017.
However, Binance is a crypto-to-crypto exchange which means fiat currencies like USD, EUR are not supported. Here you can deposit BTC, ETH etc to convert it into Monero cryptocurrency. Following are the supported pairs on Binance exchange for Monero:
XMR/BTCXMR/ETH
They also have user-friendly and robust mobile apps to help people trade cryptocurrencies on the go.(Android App | iOS App) Here is a short video explaining how to trade on Binance mobile apps. The process is same when you trade on Binance’s web version.
4. Huobi
Huobi Pro is a leading global digital asset exchange serving global traders since 2013.
To make the exchange autonomous and governable they have introduced HT tokens so that’s why in sort they are decentralized governed platform.
The volume at the time of writing on this exchange is 91000 BTC which I think is very good with 34 cryptocurrencies/crypto assets listed on it.
Following are the supported pairs on Huobi exchange for Monero:
XMR/BTCXMR/ETH
5. Bitfinex
Bitfinex is one of the largest and the most popular cryptocurrency exchange that offers many popular coins for buying/selling.
It is based out of Hong Kong and has been operational since 2014. It gives its users the option to trade more than 30 cryptocurrencies/pairs in exchange of USD, EUR, ETH or BTC. That’s why, unlike other exchanges, it is not limited to be a crypto-to-crypto exchange.
Following are the supported pairs on Bitfinex exchange for Monero:
XMR/BTCXMR/USD
And whenever you get bored with the web version or want to trade on-the-go, you can use Bitfinex’s Android and iOS mobile apps. They are quite handy and user-friendly.
5 Best Sites To Buy Monero (XMR)- Best Monero Exchanges was originally published in The Moon on Medium, where people are continuing the conversation by highlighting and responding to this story.
