How does Bitcoin anonymity differ from privacy coins like Monero?
A post by William Parvez
1 Monero equals $0 BTC
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Platform | Monero | Bitcoin |
---|---|---|
Kraken | 1 XMR | 0 BTC |
BTSE | 1 XMR | 0 BTC |
Bitmart | 1 XMR | 0 BTC |
Kucoin | 1 XMR | 0 BTC |
Gate.io | 1 XMR | 0 BTC |
CoinEx | 1 XMR | 0 BTC |
Bitfinex | 1 XMR | 0 BTC |
FMFW.io | 1 XMR | 0 BTC |
To buy Monero using Bitcoin, first, find a cryptocurrency exchange that supports the XMR/BTC trading pair, such as Kraken or BTSE. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the XMR/BTC pair on the trading platform and place an order to exchange your Bitcoin for Monero. If the XMR/BTC pair is unavailable, you can first exchange Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Monero. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Monero for Bitcoin, first, find a cryptocurrency exchange that supports the XMR/BTC trading pair, such as Kraken or BTSE. Create an account, verify your identity, and deposit your XMR into your exchange wallet. Locate the XMR/BTC pair on the trading platform and place a sell order to exchange your Monero for Bitcoin. If the XMR/BTC pair is unavailable, you can first sell Monero for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.