Monero is an open source cryptocurrency that take cares of privacy and decentralization. Its main purpose is to make better the existing cryptocurrency. It has an untraceable system. The world is becoming transparent rampantly, so people want privacy. Monero is resolving this issue. Monero is an open source cryptocurrency that take cares of privacy and decentralization. Its main purpose is to make better the existing cryptocurrency. It has an untraceable system. The world is becoming transparent rampantly, so people want privacy. Monero is resolving this issue.
Once you have bought monero, it is completely yours, viz you have complete control over monero. No one can find where you are spending your money.The two qualities, mentioned above, attracted people towards monero in a large number.
There are two ways of getting monero:
Direct and Indirect
Through the direct method, you can purchase monero for money, cash payment of EUR, GBP, USD, CAD, & CNY.Through adopting indirect method, you first need to buy bitcoin. Once you have bitcoin, the leading cryptocurrency, you can exchange monero for bitcoin by using some main exchanges, that are listed below:
For buying bitcoins, the best places are Coinbase and CoinMama.
Buying monero on ShapeShift or Changelly
These two are best and simplest methods to buy Monero. Monero can be acquire by following the steps given below.
• The consumer must own bitcoin, that can be acquired by many ways, in which Coinbase, Coinhako, Circle, Huobi, BTC-E, or Bitstamp are easy and simple methods. Once, you have bitcoin, you can easily exchange it for monero.
• For receiving monero, you must have a monero address. Monero address can be obtained from MyMonero.com. There is also an alternative solution of monero address, that is you can also open an account on Poloniex.
• After that, you will deposit bitcoin and will receive monero as payment. • You must also have a bitcoin address, because if the transaction is failed due to some reasons, you will get back your deposited bitcoin in your bitcoin address. So, for receiving back your bitcoin, you must own a bitcoin address.
• At the end, you will deposit your bitcoin to ShapShift or Changelly provided address. The deal will process in a very shortly after and you will get ownership of Monero.
Buy Monero on Poloniex
Poloniex is the best exchange market for monero. The best method for buying monero is as follows:
• At first you need to create an account on poloniex, for which basic information is required, such as user name and email address.
• Secondly, you will go to a page called “Balances, Deposits & Withdrawals”. One can easily get access to this page merely by clicking “Account” button, that is given on the top right menu.
• For obtaining bitcoin address, the user must have to click on the “Deposit” link from BTC. By clicking this one link, the user’s funds will deposit to poloniex. May be this deposit will take some time.
• Lastly, the user will go for XMR/BTC exchange page, where he/she will see the fluctuating prices of monero both historically and graphically.For XMR/BTC great exchange pair these steps should be follow:
• Click on the number that is given ahead the option “You have”, that will take in your complete bitcoin balance and will set your trade.
• Next, click on the number that is given beside the link “Lowest ask”, that will set your trade price.
• Click on “Buy” and there you go.
Buy monero on Bittrex and Bitsquare
If you want to get Bittrex or Bitsquare services for buying monero, you must follow the instructions that are given by these websites in order to open the accounts.
Bittrex and Bitsquare provide different conditions for getting monero, for the reason that the user must have to accomplish other market vendors sell orders for purchasing monero. This is due to fluctuating values, that are extensive at some times.If a buyer has changed his/her mind and do not want to get monero, then ShapeShift is a better option, for the reason that it guaranteed purchasing price.
You can also purchase monero at Bitfinex or Kraken.
Buy monero at Bitfinex
Bitfinix deals for XMR/BTC and XMR/USD exchange pairs, opened in November 2016, and is the pioneer of providing XMR combinations.
Buy monero at Kraken
In January 2017 Kraken started dealing for these crypto exchange pairs:
You can exchange monero from Kraken for any of these currencies mentioned above.
Monero is continually growing cryptocurrency and getting high attention of crypto buyers. So, it is a great time for buying monero because it will turn out in a great benefit. People are giving their high attention and energy toward monero due to its consistently growing value and magnificence. It is the right time for the right job to be done, that is purchasing monero.