How to Buy Monero (XMR): A Step-by-Step Guide

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 Guide

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.
Platform Coin Price
Kraken Monero (XMR) 192.64
BTSE Monero (XMR) 191.3
Bitmart Monero (XMR) 192.54
MEXC Global Monero (XMR) 193.31
BingX Monero (XMR) 161.9
Gate.io Monero (XMR) 192.9
See all 13 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
Kraken Monero (XMR) 192.64
BTSE Monero (XMR) 191.3
Bitmart Monero (XMR) 192.54
MEXC Global Monero (XMR) 193.31
BingX Monero (XMR) 161.9
Gate.io Monero (XMR) 192.9
See all 13 prices
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 Wirex or Trezor.

Platform	Coin	Price
Kraken	Monero (XMR)	192.64
BTSE	Monero (XMR)	191.3
Bitmart	Monero (XMR)	192.54
MEXC Global	Monero (XMR)	193.31
BingX	Monero (XMR)	161.9
Gate.io	Monero (XMR)	192.9

Platform	Coin	Price
Kraken	Monero (XMR)	192.64
BTSE	Monero (XMR)	191.3
Bitmart	Monero (XMR)	192.54
MEXC Global	Monero (XMR)	193.31
BingX	Monero (XMR)	161.9
Gate.io	Monero (XMR)	192.9

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 $192.86 with a 24-hour trading volume of $118.17M. In the last 24 hours, Monero has seen an increase of 1.66%. The market cap of Monero stands at $3.56B, with $18.45M XMR in circulation. For those looking to buy or trade Monero, Kraken offers avenues to do so securely and efficiently}

Market cap: $3.56B
24h volume: $118.17M
Circulating supply: $18.45M

See latest information

Frequently Asked Questions About Buying Monero (XMR)

What factors influence Monero's price?: Monero's price is influenced by market demand, supply, regulatory news, technological developments, and overall sentiment in the crypto market. Stay informed using Bitcompare's real-time price comparisons and sentiment analysis.
How can I check the real-time price of Monero?: Use Bitcompare's real-time price comparison tool to keep track of Monero's current price across various trusted exchanges and make well-informed decisions.
Where can I find the latest Monero news?: Bitcompare offers the latest Monero news events to ensure you're updated on developments that may affect its price. Regular checking and bookmarking the page can be helpful.
How can I set up alerts for Monero price changes?: Use Bitcompare's email alerts to get notified about Monero price changes. This feature helps you stay ahead of the rapidly changing cryptocurrency market.
Why is it important to compare Monero prices on different exchanges?: Prices can vary across exchanges due to differences in demand, fees, and liquidity. Bitcompare provides tools for comparing prices to ensure you get the best rate for Monero.
How does sentiment analysis affect Monero trading?: Sentiment analysis gauges the overall market mood towards Monero, which can influence buying and selling decisions. Bitcompare's sentiment analysis tool helps you interpret market fluctuations.
Is Monero's price stable?: Like many cryptocurrencies, Monero's price can be volatile. Monitoring tools on Bitcompare help users stay informed and manage risks by tracking real-time prices and market trends.
How often should I check Monero's price?: Frequent checking is advisable due to the dynamic nature of cryptocurrency markets. By bookmarking Bitcompare's page, you can easily access real-time updates and make informed decisions.