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How to Buy Monero (XMR)



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Monero (XMR) was one of the first privacy coins in the world. This unique cryptocurrency pioneered multiple technologies to accomplish this critical task. To learn more visit our Investing in Monero guide.

We list the top 3 exchanges that offer the ability to buy Monero (XMR) cryptocurrency with a credit card, debit card or Bitcoin (BTC).


Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Monero (XMR) here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.

This exchange is best for Australia, Canada, Singapore, UK & international users. They do not sell Monero (XMR) to USA residents.

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.


Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.

From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including Monero (XMR).

The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.

This is our most recommend exchange for USA investors to buy Monero (XMR).

Read our Kraken Review or visit Kraken.


Huobi Global was established in 2013, they’ve since become one of the world’s largest digital asset exchanges with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the world. It should be noted that they do not accept USA residents.

They are one of the top exchanges that currently offers Monero (XMR) trading opportunities.

Read our Huobi Global Review or visit Huobi Global.

What is Monero (XMR)?

Monero is a decentralized, open-source cryptocurrency, which was established in 2014.  This digital currency is widely known as the most popular ‘privacy-coin’.

What does it do?

Monero provides its users with a means to efficiently transfer value, through the use of privacy centric digital coins under the ticker ‘XMR’.  Its development, and launch, was widely due to deficiencies in privacy on the Bitcoin network.

Unlike various rivals, privacy features on the Monero blockchain are inherent, and cannot be turned off – Every transactions is as private as the one before it.

How does Monero work?

Much like many other popular cryptocurrencies, Monero relies upon a ‘proof-of-work’ structuring to underpin its network.  Notably, developers which contribute to Monero have worked to keep mining of this asset profitable on GPUs.  While ASIC devices are required to be profitable on cryptocurrencies like Bitcoin, Monero regularly adapts its mining algorithms to dissuade their use.

While use of Monero is much the same as most cryptocurrencies, it achieves its unmatched privacy in a unique manner.

  • Ring signatures
  • Fungibility (No identifying factors between coins)
  • Stealth Addresses (Untraceable history)

Projected developments?

Development of Monero is community driven, rather than solely a small group of dedicated developers.

Arguably the biggest development on the Monero roadmap, is the implementation of second layer solutions.  A prime example of this would be the usage of the Lightning Network.  By utilizing this solution, Monero would then benefit, primarily, from the ability to complete atomic swaps.

Underlying Ideology?

There is one clear ideology, which has driven development of Monero – privacy.  In a world becoming increasingly connected, society has less privacy than ever.  Undoubtedly, this is the driving appeal behind Monero, as it is able to give back some of what we have lost in recent years, in the name of connectivity.

Acceptance and Controversies?

Due to the nature of Monero, there are various governments that do not condone its use.  This is due to the privacy afforded to the user, essentially, making this attribute a double edged sword.

This is a difficult issue to overcome. On one hand, people are entitled to privacy, while on the other, some may abuse Monero for illicit activities.


While the majority of nations have stayed silent on their view of Monero, there are a select few which have spoken against its use.  The most prominent example of this is in Japan; As a result, various exchanges looking to maintain licensure in the nation have delisted Monero and similar coins.

Who Made It?

Monero is widely believed to have been created by 7 individuals.  Keeping in line with their privacy focused creation, 5 of these individuals have not revealed their identities, to this day.  The other two are as follows,

  • Riccardo Spagni
  • David Latapie

Interestingly, there is a growing belief that the author of the original Monero Whitepaper, Nicolas van Saberhagen, may be the infamous Satoshi Nakamoto.  This belief is founded on the past writings known to be Satoshi, which detail ideas such as ring signatures, stealth addresses, etc. – the very unique traits that were imbued within Monero a mere 3 years after Bitcoin came into existence.  This belief, however, has not been proven to be fact, but simply conjecture, at this time.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

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