Today’s pick is Monero Exchange. The question is as simple as, why you choose Monero while there are many others Cryptocurrencies to choose from.
Here is the answer.
I think you are scrolling this page because you are a Cryptocurrency trader/investor or wannabe. And of course, you are aware of the huge market of Cryptocurrencies. You love Cryptos cause, they are secure, they are free from bankruptcy, they are free from any governing body.
Are they really as independent as you think?
No, they are not. Not all Cryptocurrencies are anonymous. Specially Bitcoins. Any government can crackdown Bitcoins and other non-anonymous Cryptocurrencies. Here Monero can help us a lot and the reason is, it’s totally decentralized anonymous nature.
Here is the Brief introduction to Monero-XMR
Monero(XMR) is created in April 2014 as an open source Cryptocurrecny. Its creator mainly focused on privacy and decentralization and as a result, we got a very secure, anonymous and totally decentralized Crypto coin.
Monero is one of the best Cryptocurrency which can save you when the government of your country launches a crackdown on Cryptos. If you will have Monero as a part of your portfolio, you will not get in trouble.
These are the core reasons why you should invest in Monero. Today many investors invest in Monero for their future use and you should also. Therefore, today, I came with 5 best places to buy Monero. Let’s have a look.
Best 5 Monero exchange sites you Should try
As counted in most popular and largest Cryptocurrency exchange, Bitfinex offers many popular cryptocurrencies for investing.
This is a Hongkong based company and established in 2014. Since then it has been grown like a beast. And, today it is quite popular among Crypto savvy peoples.
The best thing I like about Bitfinex is, it has more than 30 currency pairs. It is not only limited to crypto to crypto exchange. Unlike other exchanges, you can exchange cryptos with legal tenders (USD) too.
For Monero below are the currency pairs they offer
And the good news is, with Bitfinex, you can trade on the go. Don’t be bored on the front of the computer screen while trading. Use their Android/iOS mobile apps and trade when you are traveling. They have a powerful and user-friendly mobile version of their trading platform which you can use on the go.
Binance is an another best cryptocurrency exchange, especially for Monero. In 2017 when it was launched it offers to buy and sell in Monero. In just one year of launch, it draws much attraction of Investors. And, today is one of the busiest crypto exchange in the world.
Apart from Bitfinex, Binance doesn’t support physical currencies like USD, EUR etc, but still, it is good to choose for crypto trading. To buy Monero you should have BTC (Bitcoin) & ETH (Ethureum) Cryptocurrencies in your wallet.
Here are the supported currency pairs for Monero which Binance provides.
And the goodness is, just like Bitfinex, it also has a mobile app for trading on the go. It is equipped with a powerful and user-friendly mobile app which supports Android and iOS mobiles.
MoneroForExchange is the only exchange that is specially dedicated to Monero/XMR. For serious Monero buyers, this will be the best choice.
They Support Fiat currencies so you can use any physical currencies to buy Monero. The best feature it has, you can buy and sell Monero XMR directly with another person. But beware, as it is person to person buying/selling platform so it is not an escrow-like other exchange services.
As any other advertising website, MonerForCash is a platform where Buyer and sellers can advertise they’re and find each other and finalize a deal.
MoneroForCash has no native Monero Wallet so you have to exchange directly with the customer. The advantage of direct dealing is it doesn’t charge any commision and you get the full exchange rate.
Changelly is best for new buyers/investors. It is designed to serve the simplicity which a user expect from a platform. It is a perfect fit for those peoples. You can exchange Monero with few popular Cryptocurrencies like Bitcoin and altcoin.
But before using this platform to exchange your cryptos, you should have your own Monero wallet where you could receive your Monero coins.
Also, You should have Bitcoins and altcoins and other cryptocurrencies in your wallet receive Monero.
You can exchange any cryptocurrency with Monero as well as any other in Changelly. Unlike other cryptocurrency exchanges, they charge only 0.5% fee for exchanging any currency which is quite low as compared to others.
There is a wide range of currency pair available in Changelly.
And the best thing is that they support direct exchange from physical currencies like USD and EUR. You can use your VISA debit or credit card to exchange your physical currencies with Monero and other cryptos.
The only demerit which I realized is they don’t have any mobile app which could be better for their users.
In 2017 Gate.io got a traffic boom when started getting traction by the Cryptocurrency users. especially in the last quarter of 2017 when the traffic was the highest on this site.
Personally, I am the big fan of Get.io. If you wanna exchange Monero then this is the great platform for you.
I have been using this exchange for a while and didn’t get in any trouble. I am satisfied with its neat and clean user interface which is quite easy to use for newbies also.
It has many more features then exchanging cryptos like Trading, wallet facility, and crypto charts etc.
The only demerit of this cryptocurrency exchange is they don’t support any physical currencies so you have to deposit BTC or USDT to buy Monero XMR.
The supported currency pairs for Monero in Gate.io are,
Some Other Websites You Might Consider
If you are in search of some other Monero Exchanges, you can try one of them shown below. In addition to the above 5 Monero exchange platforms, they are among the few more reliable Monero exchanges.
- Bittrex: Supported pairs XMR/BTC, XMR/USDT, XMR/ETH
- Poloniex: Supported pairs XMR/BTC, XMR/ETH
- Cryptopia: Supported pairs XMR/USDT, XMR/LTC, XMR/BTC, XMR/DOGE
- Livecoin: Supported pairs XMR/BTC, XMR/USDT
- Kraken: Supported pairs XMR/USD, XMR/EUR, XMR/BTC
- LiteBit: Supported pairs (XMR/EUR)
But Be Careful
OK. I know you are very excited to try them out, but beware, don’t use the wallets provided by these exchanges your permanent wallet either you could lose your money.
The wallets provided by these Monero exchanges can be only used for exchange and not suitable for holding your money. The reason is if the exchange bankrupt you will lose your money.
So, I have advised that don’t use their wallet to hold your money for a while, instead, use them only for exchanging and after the exchange has done withdraw the money as soon as possible.
Monero is an ideal cryptocurrency if you want to be hidden and independent. It is anonymous, free from any country’s guidelines, safe and decentralized.
You should use this as an investment if you wanna play a long game in Cryptocurrency market.
At the last, I would expect you will share this useful article on Monero XMR with your friends on Facebook, Twitter, and Pinterest.