Monero (XMR)

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Monero is an open-source, privacy-oriented cryptocurrency that was launched in April 2014. The developers involved introduced this innovative cryptocurrency without setting aside any for themselves, and the team has relied on donations and the broader community to further development.

Monero leverages ring signatures and stealth addresses to obscure the identity of senders and recipients. Ring signatures combine or ‘mix’ a user’s account keys with public keys obtained from monero’s blockchain to create a ‘ring’ of possible signers, meaning outside observers cannot link a signature to a specific user.

The concept of a ring signature was first described by academics from MIT and The Weizmann Institute in a 2001 paper, and using the technology has helped provide legitimacy for monero at a time when much of the cryptography used in blockchains is new and has not withstood the test of time.

Monero price

Monero Wallets

One of the most important aspects of owning cryptocurrencies is storage. Down below you will find carefully selected wallets. Remember, a hardware wallet is always advised!
Since Monero is a very specific cryptocurrency focused on private transactions, a very special kind of wallet has to be used. MyMonero offers high privacy but also ease of use.

MyMonero

Where to buy Monero?

  • binance - Monero (XMR)
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    Binance
    Exchange rating:
    10
    Binance is world's largest altcoin exchange. It offers many cryptocurrency markets with high liquidity and low fees. Every cryptocurrency enthusiast should have a Binance account!
  • bitmex - Monero (XMR)
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    BitMEX
    Exchange rating:
    8
    BitMEX is an exchange geared to more advanced cryptocurrency traders. It offers high liquidity and a range of cryptocurrency derivatives as futures. However, it can also be used for just buying cryptocurrencies.
  • changelly - Monero (XMR)
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    Changelly
    Exchange rating:
    7
    Changelly offers an easy to use interface for exchanging a wide variety of cryptocurrencies. It combines rates from different exchanges to offer you the best price.
  • litebit - Monero (XMR)
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    LiteBit
    Exchange rating:
    8
    Litebit is a Euro based exchange where many different cryptocurrencies can be bought directly. It offers many payment methods and is very beginner friendly.
  • anycoin - Monero (XMR)
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    Anycoin
    Exchange rating:
    8
    Anycoin is a Dutch cryptocurrency broker which allows you to buy multiple cryptocurrencies directly with a wide variety of payment options. Easy user interface makes it beginner friendly.
  • cointed - Monero (XMR)
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    Cointed
    Exchange rating:
    6
    Cointed is a Austrian based exchange offering euro markets for a variety of cryptocurrencies. This exchange allows for direct buying or for trading on the exchange offering an integrated wallet.
  • Bittrex - Monero (XMR)
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    Bittrex
    Exchange rating:
    8
    Bittrex is a cryptocurrency only exchange. It is used by most seasoned traders and offers many advanced tool. Because of the many users most cryptocurrency markets have high liquidity.
  • kraken - Monero (XMR)
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    Kraken
    Exchange rating:
    8
    Kraken offers cryptocurrency markets for multiple fiat currencies. It is a highly financed and trusted exchange and often publishes audits of its funds.
  • Bitfinex - Monero (XMR)
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    Bitfinex
    Exchange rating:
    7
    Bitfinex is a widely used cryptocurrency exchange. It offers very low fees and high liquidity. For traders and large buyers this is a go to exchange as it offers fair market prices, even for big amounts.
  • shapeshift - Monero (XMR)
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    ShapeShift
    Exchange rating:
    9
    Directly exchange cryptocurrencies with shapeshift. The elegant user interface makes it easy for beginner to exchange their cryptocurrencies against fair market prices.