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