Introduction
When purchasing Monero, there are several factors to consider, including choosing an exchange to purchase it from and transaction method. Fortunately, we’ve compiled a bunch of reputable exchanges to help you with the process.
Step-by-step
- 1
Choose an exchange
Research and select a cryptocurrency exchange that operates in the in your country and supports Monero trading. Consider factors such as fees, security, and user reviews.
- 2
Create an account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
- 3
Fund your account
Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.
- 4
Navigate to the Monero market
Once your account is funded, search for "Monero" (XMR) in the exchange’s marketplace.
- 5
Choose a transaction amount
Enter the desired amount of Monero you wish to purchase.
- 6
Confirm purchase
Preview the transaction details and confirm your purchase by clicking the "Buy XMR" or equivalent button.
- 7
Complete transaction
Your Monero purchase will be processed and deposited into your exchange wallet within minutes.
- 8
Transfer to a hardware wallet
It’s always best to keep your crypto in a hardware wallet for security reasons. We always recommend Ledger or Trezor.
What to be aware of
When purchasing Monero, it’s important to choose a reputable exchange that is easy to use, and has reasonable fees. Once you’ve done this, always transfer your crypto a hardware wallet. That way, no matter what happens to that exchange, your crypto is safe.
Latest movements
Monero (XMR) is currently priced at $122.5, with a 24-hour trading volume of $44.56M. In the last 24 hours, Monero has experienced a decrease to -0.57. The market cap of Monero stands at $2.27B, with 18.43M in circulation. For those looking to buy or trade Monero, reputable platforms like BTSE and Kraken offer avenues to do so securely and efficiently.
- Market cap
- $2.27B
- Volume
- $44.56M
- Circulating supply
- $18.43M
