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Buy Monero (XMR) in Canada with CAD with Lowest Fees
Buy XMR in Canada on Changelly, a cryptocurrency exchange with over 7 years of industry experience. Our cryptocurrency exchange platform partners with the leading fiat-to-crypto platforms for XMR purchases. You can purchase Monero with Canadian dollars or USD. Enjoy the convenience of multiple payment methods like credit cards, bank transfers, Apple Pay, and more. Our platform is 100% non-custodial, giving you complete control over your Monero transactions.
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Monero Price Chart
Monero Market Data
updated at 21:32Monero Price
$351.29
24H % Change
-0.91%
Market Cap
$6.48B
24H Volume
$227.54M
Circulating Supply
18.45M
The current price of Monero is $351.29. The price of Monero has changed by 0.33% in the last hour and changed by -0.91% in the past 24 hours. Monero's price has also changed by 3.29% in the past week.
How to buy Monero in Canada in 5 easy steps
Set the Pair
Select the Monero you want to purchase. If you’re in Canada, choose your local currency and confirm your country of residence. Compare the available offers and pick the one that best fits your needs.
Explore Offers
Review the amount of Monero you’ll receive and browse offers from our trusted payment providers to make an informed choice.
Select a Payment Method
To buy Monero in Canada with your credit or debit card, select the bank card payment option. For transactions over $150, you may need to complete a quick KYC verification for added security. The required verification amount may vary depending on your country and provider.
Enter Card Details
Enter your card details — including the number, expiration date, and CVV — and double-check all information for a smooth checkout process.
Popular payment methods to buy Monero in Canada
Bank transfer
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy XMR with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy XMR and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Monero Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 5 USD or your local currency equivalent.
Countries and regions you can buy Monero
FAQ
Can I Buy Less Than 1 XMR in Canada?
Yes, advanced traders can buy Monero for any amount. However, when working with vendors and Changelly exchange, a minimum transaction amount dictates the amount of XMR you can receive. For instance, most of our partners set minimum purchase amounts of $20 to $30. Spending the minimum amount means that you’ll buy less than 1 XMR.
Where can I store Monero (XMR)?
After buying Monero in Canada, it’s essential to store it securely. This is quite easy. Just find a crypto wallet. It stores your private keys and utilizes passwords to secure your cryptocurrencies.
What are the taxes to buy Monero in Canada?
The Canada Revenue Agency (CRA) considers Monero as a digital representation of value in regard to taxation purposes. Their official policy is that individuals should treat gains from crypto transactions as business income or capital gain. But they still note that not all people using crypto may be doing it to trade cryptocurrencies. If you’re using Monero to pay for goods and services, it’s treated as a barter transaction.
How is the price of Monero determined?
Monero’s price is simply tied to supply and demand. If more people are looking to buy XMR, its market price will increase. When more holders want to sell, its value decreases. The cryptocurrency’s untraceability and strong privacy features have contributed to its broad appeal. The network is much safer and truly permissionless, fulfilling the fundamental values of decentralized cryptocurrency.
Which XMR wallet can I use in Canada?
If you purchase Monero in Canada, you need to store it securely. You have a choice of hardware wallet, web, mobile, paper, desktop, and exchange wallets. Top XMR hardware wallets for Canada include Ledger and Trezor. Some other wallets trusted by the Monero community include Monerujo (Android), Cake (iOS), Edge (Android and iOS), MyMonero (Web), and Exodus (Desktop).
Can I buy Monero in Canada with PayPal?
It may be possible to buy Monero Canada using PayPal. However, note that there are not as many platforms offering crypto exchanges for this payment method, Changelly included. You can, however, find individual sellers on p2p exchanges willing to accept your PayPal balance.
Can I buy Monero in Canada with a credit card?
Anyone can buy Monero with their credit cards on Changelly with the lowest fees. The process is highly-secure as we work with fiat-to-crypto partners that implement advanced cryptography. You may be required to pass a KYC step.
How to cash out Monero (XMR) in Canada?
Cashing out Monero means converting it to CAD or an equivalent fiat currency. To get fiat currencies, find a trusted exchange offering XMR to fiat conversions. Or, you can use p2p platforms to interact with individual sellers.
Changelly supports some crypto-to-cash transactions. But you may need to first convert Monero to BTC, ETH, or other supported currencies for cash payouts (See our Sell-Crypto page FAQ). Crypto-to-cash transfers are paid out through bank transfers by our payment partner Mercuryo.
Do I need a crypto exchange account to buy XMR in Canada?
Yes, the only thing you need to start working with the cryptocurrency is to create an exchange account. But first, you should find a reliable exchange platform to make a good investment. Consider creating an account on Changelly for access to all the greatest features of the service.
What crypto assets can be exchanged on Monero?
You can exchange Monero for various currencies, including Canadian dollar, and other national currencies. Of course, you can also exchange XMR for other crypto assets that are available on the Changelly platform, simply choose an exchange pair to see all the options.
Got any questions about buying Monero (XMR) on Changelly?
We’ve gathered all the essential information about purchasing XMR in Canada right here on this page. If you have any questions, visit our FAQ page or reach out to Changelly’s 24/7 support team — we’re always here to help.
Keep your Monero safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
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What is Monero (XMR)?
Every cryptocurrency platform taunts its unique qualities. For Monero, keeping your personal finance confidential and private is its core mission. It differs from cryptos like Bitcoin with transparent blockchains, where real-world identities may be established by closely tracking transactions and wallets.
Monero implements robust privacy-boosting technologies to safeguard its user's identities. Stealth addresses enforce single-use addresses for each transaction.
Ring signatures further guarantee untraceability. The concept relies on having a signature produced from a group of keys. For an outside observer, it’s difficult to determine the identity of the key used to create the signature. Amounts sent over Monero remain private too. Ultimately, Monero strives to be an inexpensive electronic payment system.
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Is Monero (XMR) Legal in Canada?
While Monero is not a legal tender in Canada, investing in cryptocurrency is perfectly legal by buying and cold storage of coins. What about the recent news about Canada banning Monero? Well, it was not a blanket ban targeting all Monero users.
In February 2022, Canada’s prime minister proposed measures to restrict funding to the Canadian Freedom Convoy. Monero happened to be included in the Emergencies Act after it emerged as one of the currencies used in crypto donations, estimated to surpass $1 million.
All that said, and according to the Financial Consumer Agency of Canada, investing in Monero and other digital assets remains legal.
How to Invest in XMR in Canada?
You can easily buy Monero directly. Start by creating a Monero wallet. Use the generated address to buy XMR from Changelly global exchange account. You just have to wait until the value of XMR surpasses the initial purchase amount. Selling your XMR coins will then yield a profit.
Can Foreigners Buy Monero in Canada?
Yes. There are no restrictions against foreigners buying XMR. However, keep in mind the tax implications of buying digital currencies. The CRA considers any income from buying and selling XMR as business income or capital gains.
Still, it’s essential to consider if you’re deemed a resident of Canada for tax purposes despite being a non-resident or whether you have been deemed a non-resident without any tax obligations.
Where to Buy Monero in Canada?
There are many options for the ideal place to buy Monero in Canada. You can buy from exchanges, over-the-counter vendors, p2p exchanges (directly trading with other buyers), and brokers (maybe faster than exchanges).
We can speak for ourselves. Changelly exchange has become one of the leading destinations to buy cryptocurrencies, serving millions of customers from across the globe.
You can directly buy Monero, and see one rate, inclusive of all the charges. We pull offers from our leading partners, and our calculator highlights the best rates and best amount to spend to get more cryptos for your money.
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