- Want to buy Monero?
- Looking for best Monero exchanges?
Read on…
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.
Also, read:
- Monero Cryptocurrency: Everything You Need To Know
- 9 Anonymous Cryptocurrencies You Should Know About
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.
Page Contents
Where & How To Buy Monero (XMR)
1. 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 is 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/BTC
- XMR/ETH
They also have user-friendly and robust mobile apps to help people trade cryptocurrencies on the go. Here is a beginners guide to Binance:
Note: You can also claim 25% discount on your trading fee by holding native BNB tokens of the Binance exchange.
2. Changelly
If you are buying cryptocurrencies for the first time, Changelly is the best and the easiest option for you to buy 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.
- Second, you should have some bitcoins/altcoins to exchange for Monero.
Head to CoinSutra’s Cryptocurrency Exchange – Changelly and follow the steps given in this guide.
Note: Though the guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy Monero (XMR).
3. 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 website
- Select the primary coin (ex: BTC, ETH) and select XMR (you get)
On the next page, you need to enter the XMR wallet 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.
Note: Ledger Nano X wallet offers Monero wallet.
4. HTX
HTX 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 HTX exchange for Monero:
- XMR/BTC
- XMR/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/BTC
- XMR/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.
6. Gate.io
Gate.io started getting a lot of traction starting the last quarter of 2017. That is because users began to realize how great a platform it was to trade dominant cryptocurrencies like Monero.
I have been using the exchange for the last 2 months and have no complaints. It has an enormous volume and a neat UI for beginners too.
This too, like Binance, is a crypto-to-crypto exchange. Here too, you need to deposit cryptocurrencies like BTC, ETH etc to buy Monero (XMR). Following are the supported pairs on Gate.io exchange for Monero:
- XMR/BTC
- XMR/USDT
Note: They are running a promo where they are offering an exclusive 10% discount on trading fees.
Bonus Additions: Best Sites To Buy Monero Cryptocurrency (XMR)
Monero cryptocurrency is rather famous, especially in the dark markets but it has other use cases of privacy, security, and fungibility also. And that is why, in last 3-4 years, it has developed a significant market share and is also being traded on many exchanges.
Some other exchanges/websites that you can use to buy Monero cryptocurrency:
- Bittrex: Supported pairs XMR/BTC, XMR/USDT, XMR/ETH
- Poloniex: Supported pairs XMR/BTC, XMR/ETH
- Kraken: Supported pairs XMR/USD, XMR/EUR, XMR/BTC
But one word of caution:
- Don’t use these exchanges as a wallet to HODL your cryptos.
It is okay if you intend to store the cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading. Storing your cryptos on them for any longer can put you in losses.
Therefore, you should get a secure wallet for your Monero cryptocurrency too. You can find the details here – Monero Wallet: How to Create & Use Monero Wallet Address Online; and here.
Time for you to share: Do you own any Monero yet? If not, where do you intend to buy your first XMR coin from? Do you see it becoming one of the next big altcoins? Share your views in the comments section below!
If you like this post, do share it with your friends on Facebook & Twitter!
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About Harsh Agrawal :
An award-winning blogger with a track record of 14+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who believes in blockchain and the crypto world.
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Expertise:
Harsh has experience of 12+ years in Fintech and 7+ years in Blockchain and Bitcoin. He has also moderated the panel of Blockchain experts and attended international blockchain events like BTCMiami, and Token2049.
Hi Sudhir,
That was quite an informative article considering Monero is still underrated in comparison of other altcoins such as Dash, Lightcoin, and Ripple. But in the real world, I would Monero is the real cryptocurrency even better than Bitcoin as far as secrecy factor is concerned.
I agree with you!!
Thanks, Sudhir for this useful article. I think these type of article helps Crypto buyers a lot. But I have a question about. What is the future of Monero Coins? I have also written a similar article on Monero exchanges but didn’t give any information on future of Monro as I was in suspect too.
What is your point of view?
My thoughts on Monero here- https://coinsutra.com/monero-cryptocurrency/
Perfect article! I am just buying Monero and this helped me a lot. Thanks.
You mention MoneroForCash, but how come you don’t mention LocalMonero? They’ve been operating for almost a year now and have been endorsed by Monero core dev team members and are trusted by the community.
Thanks for the great article! This helped me a lot. I found linkkoin.com website and I bought Monero thanks to you!