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Buy Monero (XMR)

 

 

 

Monero (XMR) is an open-source cryptocurrency that was launched in 2014. Its main focus is on privacy by obscuring sender, recipient and amount of every transaction made. For this reason it is often preferred by criminals for nefarious purposes. The egalitarian mining process makes it relatively easy to mine. There is even malware that mines Monero on people’s computers and allegedly sends it to North Korea.

 

How to buy Monero:

 

1. Buy Monero with another cryptocurrency. First you need to get Bitcoin, Ether or Litecoin. For the purpose you can sign up with Coinbase, which has a New York license and operates in a lot of countries. There you can buy Bitcoin with a bank card for a relatively low fee of 4%.

 

>>Buy Bitcoin at Coinbase<<

 

2. Then you open an account with a cryptocurrency exchange that offers the option to buy Monero with Bitcoin, for example. Such exchange is Shapeshift, which offers an almost instant service and the fee is low. Another options are Bitsquare, Poloniex or TuxExchange.

 

3. Transfer the Bitcoin from Coinbase to the other exchange where you will buy the Monero. Usually most exchanges do not charge deposit fees for cryptocurrencies.

 

4. Buy Monero with Bitcoin, Ether, Litecoin or whatever other cryptocurrency you have that is supported by the exchange.

 

You can also buy Monero directly with fiat currency. You can do so on Kraken, with USD, EUR, JPY, CAD or GBP via bank transfer or bank deposit. Other options are Bitfinex or AnyCoin, if you reside in the EU.

 

If you want to store your Monero in your own e-wallet, there are several options. There is a Monero wallet by Freewallet, which also has mobile applications for iOS and Android. Another option is MyMonero – a wallet developed by the Monero core team. It is convenient, because you don’t need to download the entire blockchain.

 

If you don’t need to physically own Monero and do not feel like dealing with exchanges, long addresses and wallets, there is the option to make money trading Monero CFDs with a regulated forex broker. The main advantage is that this is less risky because the regulated brokers abide by rules and requirements, whereas the exchanges generally do not. Unfortunately, at this stage, there are no regulated forex brokers who offer trading in Monero CFDs.

 

 

Forex

Buy Monero (XMR)

Broker Country Deposit Fees Trading Fees Review
USA SEPA: free SWIFT: $10 0.26% Review
USA Approx. 1.8% - Review
BVI Wire: 0.1%, min $20 0.20% Review
No info Min 0.0003 BTC Review
Netherlands 0.5% SEPA 1% Review
Switzerland Crypto only Varies Review
Turkey - 0.15% Review
Honh Kong, UK No 0.1% Taker Review
India Review
Russia Unknown 0.30% Review
Bulgaria 3% - Review
UK 0.02% Taker Review
India Bank Transfer: Free 1% Review
Poland, UK - 0.20% Taker; 0.10% Maker Review
Austria 1% SEPA; 2% CC up to 0.50% Review
Turkey - 0.20% Review
Ukraine 2.75% (fiat) 0.1% Review
Argentina 10% (PayPal) 0.20% Review
Poland 1.8% -1.9% (Dotpay & Homepay) up to 0.3% Review
USA Crypto only, free 0.25% Review
Canada Crypto only 0.3% taker Review
South Korea No 0.25% Review
Seychelles Review
UK, Russia 3.00 % (AdcCash) 0.10 – 0.20% Review
Hing Kong No in the spread Review
UK 30% - Review
Unknown Crypto Only: Free 0.20% Review
Japan Free 0.15% Review

Related News

Official Monero wallet compromised, website hacked

Nov 21 2019 16:36:48 Jonathan Smith in Market

  Monero’s website appears to have been hacked this week. The attackers managed to replace the official Monero wallet with a compromised version that steals funds, sending private keys to an external server. Read more

Admiral Markets expands crypto CFD offering with Dash, Monero, Zcash

Feb 12 2018 08:13:07 Jonathan Smith in Brokers

Admiral Markets, a European forex and CFD broker, announced it is expanding its portfolio of cryptocurrency CFDs with Dash, Monero and Zcash. Read more

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