Monero (XMR) is an open-source cryptocurrency launched in 2014 to achieve anonymity, decentralization, and scalability. Today it’s among the top cryptocurrencies users seek to buy for trading or investment purposes. Here are some platforms where you can purchase or sell Monero:
- Changelly
If you’re new to the world of cryptocurrency, Changelly is the simplest and most convenient way to get Monero coins. For crypto-to-crypto exchanges, Changelly has some of the lowest fees.
The entire buying process takes only a few minutes on the platform. To buy Monero, choose the fiat money you wish to use and follow the steps outlined below:
- Log in to your existing account or create a new one for free.
- Choose the trading pair and the country in which you wish to dwell.
- Select one of the best deals provided by their reputable partners like MoonPay, Indacoin, or Banxa, who accept major fiat currencies such as USD.
- Provide the Monero wallet address to which the coins will be delivered.
- Finish the verification process and make a deposit using one of their payment options. Changelly allows you to buy Monero using credit cards, debit cards, Apple Pay, and bank transfers.
- Once the transaction is finished, your Monero coins will be credited to the designated wallet.
In contrast to other exchanges, the only personal information you must submit when using Changelly is your email address. Changelly is a non-custodial cryptocurrency exchange. That means it never keeps any of your money or cryptocurrency on its servers.
- Binance
Since its launch in 2017, Binance has been one of the leading cryptocurrency exchanges for the purchase and sale of Monero (XMR). To purchase Monero on Binance, you must first purchase Binance-listed cryptocurrencies by transferring funds from your account to the providers of these coins. The cryptocurrencies can then be used to purchase XMR on the Binance exchange.
Binance also provides smartphone apps that are both user-friendly and strong, allowing consumers to purchase cryptocurrencies on the go.
- Kraken
Kraken is ranked as one of the safest and most reliable cryptocurrency exchanges. Kraken allows you to purchase Monero with fiat currencies like USD or EUR or exchange other cryptocurrencies such as Bitcoin and Ethereum for Monero. To buy Monero at the exchange, follow the steps outlined below:
- Create an account on the Kraken exchange using your email address, username, and a secure password.
- Verify your account information.
- Pass the “Identity Check” verification process and submit all required documents.
- Load up funds in your account via the “Deposit” or “Funding” section.
- Enter the required quantity of Monero and verify the XMR purchase in the “Trades” section.
- Gate.io
Gate.io is a blockchain asset trading platform that advertises minimal withdrawal fees, a cold storage wallet, and inexpensive trading fees. To purchase Monero on gate.io, follow the steps outlined below:
- Sign up and create an account on gate.io.
- Authenticate your gate.io account by email.
- Set up two-factor authentication on your account
- Deposit to your gate.io account.
- Purchase Monero (XMR) with your gate.io account.
Conclusion
Monero is gaining popularity as a cryptocurrency to invest in among crypto lovers. It is more private, offers easier market liquidity, and contributes to your current portfolio of crypto assets. Before purchasing Monero, conduct your research and select the best platform based on the information provided above.