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Buy Monero (XMR) in Canada with CAD with Lowest Fees
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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How to buy Monero in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Monero
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 30 USD or your local currency equivalent.
Why buy Monero on Changelly?
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
All premium offers in one spot
We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.
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 the XMR purchase on Changelly?
We tried to gather all the necessary information about the XMR purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
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.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
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.
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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