How To Buy Monero (XMR)

guide on how to buy monero xmr cryptocurrency

Monero (XMR) cryptocurrency appeared as a result of Bytecoin fork on April 18th, 2014. The main feature of cryptocurrency is its complete anonymity of all participants in the process. The biggest part of the development team consists of anonymous employees. However, we know two of them, Riccardo Spagni and Francisco Cabañas. 

Monero gained quite a wide popularity over five years of existence. Now Monero (XMR) is on the 13th place among all cryptocurrencies. Monero is a great long-term investment for both beginners and pros. Are you interested? Let’s find out how to buy Monero with other cryptocurrencies (e.g. BTC), credit card, or even PayPal!

Monero Brief Overview

As I have already mentioned, Monero cryptocurrency is all about anonymity. The system mixes transactions and hides user balances through randomly generated addresses to provide more safety. Thus, it is impossible to track a transaction in the Monero network. 

Project nameMonero
Stock SymbolXMR
Asset TypeCoin
Network typeBlockchain
Curr. Price$55.44
Curr. Supply17,237,731 XMR
ROI since launch2,141.29%
Launch date2014
Official Websitehttps://web.getmonero.org/

Where to Buy Monero (XMR) Cryptocurrency

Here we will talk about the ways of purchasing XMR coins. First of all, you can buy Monero (XMR) via the cryptocurrency exchanges. There is a list of the most popular exchange and pairs available to buy both in crypto and fiat. 

#1. Buy Monero via Crypto Exchange

It’s easy to purchase DOGE due to the significant amount of exchanges which listed the coin. You can buy XMR for cryptocurrencies (BTC, ETH, USDT), as well as for fiat currencies (USD, EUR). Monero’s daily trading volume is $71,017,360. 

ExchangeBTCETHUSDTUSDEUR
Binance
HitBTC
Exrates
Kraken

#2. Buy Monero with Credit Card

You can easily buy XMR coins with your credit card at Changelly! We provide the fastest receipt of funds in the account as well as a user-friendly interface. Here is the guide on how to buy Monero online instantly. 

  1. Sign in or sign up in your Changelly account. The service doesn’t require verification to buy Monero. 
  2. Enter the amount of fiat currency and crypto. Proceed as in the example: 
buy monero with Credit card
Buy Monero (XMR) with Credit Card Instantly at Changelly

#3. Exchange Any Cryptocurrency to Monero (XMR)

At Changelly you can exchange any represented coin for XMR coins, starting with the most popular cryptocurrencies (BTC, ETH, LTC, BCH, etc.) and ending with poorly-known altcoins (CVC, DENT, FUN, etc.).

Here you can explore the list of supported coins.

Below you can see an example of how to buy Monero with Bitcoin.

Buy Monero with BTC
Buy Monero (XMR) with Bitcoin via Changelly

#4. Buy Monero (XMR) with PayPal

You can’t buy Monero directly from PayPal. First of all, you need to purchase Bitcoins on any of the following services. They all accept PayPal payment: 

After you purchase the coins, you can go back to the third point and exchange your BTC to XMR at Changelly. 

Where to Store Monero Cryptocurrency

We have a big article about Best Monero Wallets, where you can find out all the technical things and exciting facts about storage. Here is our brief summary. 

You can store Monero (XMR) cryptocurrency in a hardware wallet (Ledger Nano S), in a mobile wallet for iOS and Android (Edge, Cake Wallet) or only for Android (Monerujo). 

You can also use a desktop wallet. Monero team developed a Monero GUI wallet to store your XMR coins more securely. If you want to create a paper wallet, you can generate a key offline here

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements.  Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.


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