Exchange Monero (XMR) with Lowest Fees
Monero is one of the most popular coins, with an enthusiastic community of traders around it. This indicates a large potential growth of the Monero price. Now, the network developers are actively working to promote the currency. The best way to buy Monero is to use an instant, secure cryptocurrency platform. On Changelly, you can buy and sell Monero - one of the top 50 digital currencies by market cap - as well as more than 400 cryptocurrencies quickly and easily.
Price chart
How to exchange XMR
Anyone who makes any operations with cryptocurrency knows for sure about the volatility of the crypto market. For the convenience of our customers, the Changelly team has developed two options for exchanging crypto and fiat currencies. Users can buy Monero at a fixed or floating rate. The first means that the final amount of the cryptocurrency will not be changed due to the market conditions. The second means that the final amount may change in accordance with the market movements.
To buy Monero or convert it to other cryptocurrencies on Changelly, just select the desirable asset you want to swap Monero with and choose either floating or fixed rate. Enter your address and the refund one for the asset of interest. Your coins will arrive in your wallet shortly.
Desktop
Use fixed or floating rates to buy XMR or sell XMR on Changelly at the best rates and with low exchange and network fees.
Mobile
Use the Changelly app for quick, easy, and secure transactions on the go. Enjoy a fully functional cryptocurrency platform on your smartphone!
Don’t have XMR?
That’s ok! You can buy Monero or other cryptocurrencies on Changelly easy and fast. Use your bank card, Apple Pay, or a direct transfer from your bank account to purchase Monero on our platform.
About
What is Monero?
Monero appeared in April 2014 as a fork of ByteCoin. Initially, it was called BitMonero. XMR is an open-source cryptocurrency, the protocol of which implements a number of techniques for anonymous transactions: stealth addresses and ring signatures. Monero is based on the RandomX protocol, which provides a high level of anonymity for each transaction, and works on the Proof-of-work principle. From the above, it is clear that account privacy and anonymity are the main features that attracted clients to the Monero community.
For the first couple of years, the project stayed low-key. But then, in 2017, researchers highlighted three major threats, which the team quickly addressed. The new developments and technologies introduced at the time caught the attention of users and, most importantly, traders.
From that point on, the project entered a new, more exciting phase with drastic ups and downs. The highest point for the Monero price was 517.62 USD on May 07, 2021. The daily trading volume at the time was almost 825 million USD. The market cap for that period is hard to track, but it was already in the top 50 of the largest cryptocurrencies.
It’s also important to mention some of the controversies for historical context. Monero has been somewhat popular on the darknet (although not as popular as Bitcoin). One notable instance was a cryptocurrency ransomware attack in 2017 called WannaCry by the Shadow Brokers.
How Is the Monero Network Secured?
Monero’s cryptography is considered conservative, sound, and robust when you compare it to other altcoins. But if you compare it to major currencies like Bitcoin, some security mechanisms are more primitive, and some are more advanced. Some choices deliberately go against the standard - specifically, the CryptoNote protocol, which is covered in the documentation.
The security of the network can also be highlighted through comparison with Ethereum. There have been stories when Ethereum’s lead developers confiscated money from someone’s account. Not to mention, this didn’t even take much effort. In contrast, Monero devs cannot do that. Even if they wanted to, they wouldn’t have any data because of shielded addresses and some additional obfuscation.
The main privacy-enhancing technologies that the project utilizes are:
- RingCT (Ring Confidential Transactions) - hides transaction amounts;
- Stealth Addresses - obscure public access to the parties involved;
- Ring Signatures - an endorsement from any member of a particular set of users;
- Transactions over Tor/I2P - anonymous access to information and communications online
- Dandelion++ - lightweight and straightforward protocol, upgrade to the original Dandelion proposal
What Makes Monero Unique?
Monero doesn’t have a maximum supply, which means the total supply increases indefinitely through mining. The current circulating supply (end of 2021) is 18,047,655.14 XMR. But that’s not the most interesting thing about this network. Below are five unique characteristics that this project offers:
- Privacy: Monero became one of the most popular coins thanks to its ability to obscure user data on the blockchain, making its users private and more difficult to trace.
- Fungibility: It is the only fungible cryptocurrency. This means that its individual units are capable of mutual substitution, i.e., any tome XMR coins can be substituted with no difference between them.
- Dynamic scalability: The network has a block reward-penalty system. It ensures that miners won’t mine blocks excessively just for profitability, thus discouraging spam transactions.
- ASIC resistance: It uses an alternate hashing algorithm that can be used as efficiently on CPUs and GPUs as on ASIC mining gear.
- Multiple keys: Unlike most blockchain projects that use one pair of keys, this one uses a public view key, a private view key, and both public and private spend key.
What is the Monero exchange rate?
As with any cryptocurrency, the rate at which you can trade Monero constantly changes. The highest price point for Monero against the dollar was 182.88 USD (on December 17, 2021), and the value has decreased two-fold since then. If you’re interested in other fiat currencies, the exchange rate for one XMR coin is 161.53 EUR (Euro), 137.55 GBP (British Pound), and 20,722.04 JPY (Japanese Yen).
You can also trade XMR against other cryptocurrencies. Some of the most popular trading pairs are Monero against Tether 182.58 (USDT), Bitcoin (0.0039 BTC), and Ethereum (0.048367 ETH). Just like crypto-to-fiat transactions, the price against other digital currencies constantly fluctuates. This information is quickly updated online, which should be useful if you’re into short-term strategies.
We’re unlikely to see sudden spikes in the value. Because Monero doesn't have a cap on the total supply, the changes in the trading rate should be gradual.
Can I exchange XMR for real money?
You can easily convert Monero to a fiat currency of your choice on cryptocurrency exchanges. Changelly supports multiple currency pairs, all available on the scroll-down menu. So if you think your cryptocurrency investment will be better off in USD, for example, that is possible at any time and from anywhere in the world. If you’re curious about the Monero price at a given moment, we always feature it at the top of the page.
But who says Monero isn’t “real money”? You can spend it on online (Njalla, HostNesta, Azur Samui, AUGET Paris, Coincards, Monero Style, Veldt Gold, NordVPN, and many more) and some offline services as well (varies from country to country). In addition to using Monero for payments, you can lend it on P2P platforms and earn interest. Some lenders started accepting Monero as collateral for crypto-to-fiat loans. So, your Monero can come in useful in many forms.
If you have already bought crypto on our platform, you will find it easy to sell it, too. As already mentioned, we have different rates to ensure the most favorable conditions, whether you’re a buyer or a seller. For example, you can set the condition that a successful deal will only be possible when the required amount of crypto is offered at the required price.
How to exchange XMR for cash?
The easiest way is to convert crypto to fiat (USD or other traditional currencies), send it to your bank account, and cash out at your local ATM. All of this can be done on Changelly in a few clicks. Just go on our website or app and sell Monero practically instantly. We offer the best trading fees so you’ll be guaranteed a good deal.
There have been talks about Monero ATMs similar to Bitcoin ATMs, or BTMs. However, that concept is still in the works, and even if brought to life, it’s unlikely to surpass the convenience of our platform.
Of course, there are many reasons to convert Monero into cash. For example, you bought it at the low and want to sell it at a high. But don’t rush into withdrawing your coins too soon - the crypto market is known for sharp price increases. If you see the XMR price rise, look at the forecasts and analysts’ recommendations before selling. Thanks to Monero’s superior mining algorithm, adaptive block size limit, and impressive integration, the project has huge potential. Wait for the right moment to turn your crypto into fiat.
How to move Monero from exchanges to wallets?
On all platforms, you will have an address associated with your account. You will need this information to send Monero or other coins to your wallet. It doesn’t even matter which wallet you use because this applies to all services.
Thanks to the development of cross-chain technology, many crypto wallets on the market today can support multiple cryptocurrencies, so you can easily move all your coins to a third-party app.
With most services, you will first need to verify your account to start using the wallet. This is a standard procedure done to prevent fraud and other illegal activities. This shouldn't come as a big inconvenience, especially when you store multiple currencies in one place.