How to Buy Monero (XMR) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Monero and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Monero.
  2. Register a new account.
  3. Fund your account.
  4. Buy Monero.

These steps are simple if you know where to buy Monero cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Monero (XMR) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Monero Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations


We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.




of these exchanges sell Monero.

We then filter down the entire set of possible marketplaces to only the ones that have active XMR markets.




of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.




remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.


Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Kraken

VISIT Kraken Read Review
Reasons we ♥ Kraken
Top-Notch Security
Advanced Trading Options
Educational Commitment
Competitive Fee Structure
Exceptional Customer Support
Bank Transfer (ACH)
Wire Transfer
CHAPS (ClearJunction)
FPS (ClearJunction)

Step 2Register Your New Account

Registering for a Kraken account is a straightforward process designed to give users quick access to its cryptocurrency trading services. The process emphasizes both ease of use and security, ensuring a smooth start for new users.

Here's a step-by-step guide on how to register:

  1. Visit the official Kraken website.
  2. Click on the "Create Account" button located in the upper-right corner of the homepage.
  3. Enter your email address, choose a username (which cannot be changed later), and create a strong password.
  4. Read and agree to Kraken's Terms of Service and Privacy Policy, then click the "Create account" button.
  5. Check your email for an activation message from Kraken, which will include an activation key.
  6. Enter this activation key on the account activation form, or click the link provided in the activation email.
  7. Confirm your password and complete any required captcha verification.
  8. Once these steps are completed, your Kraken account will be successfully created and ready for use.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Monero cryptocurrency.

You can buy Monero on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Monero (XMR)

After registering and funding your account at , you should be able to buy Monero after your deposit finishes processing. After you receive your XMR, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Monero Exchanges

Monero is also available on these exchanges:


Frequently Asked Questions

Yes, Monero is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase, Kraken, KuCoin, Bybit, OKX,, BingX.

You can buy Monero instantly at Zengo, Binance, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) XMR. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Monero, you will need to deposit funds into your exchange account - which usually has no fees - and then buy XMR, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Monero at Zengo, Binance, Coinbase.

Monero Investment & Buying Guide

Diving into the realm of digital currency, you’ve likely encountered Bitcoin and Ethereum, but Monero stands out with its strong emphasis on privacy. Unlike its more mainstream counterparts, Monero ensures your transactions remain completely anonymous and untraceable.

Monero’s unique privacy features stem from sophisticated cryptography, which shields your identity even on a public ledger. It’s a haven for those who prioritize confidentiality in their digital dealings. As you explore Monero, you’ll discover why it’s become the go-to choice for privacy advocates in the crypto community.

What is Monero Cryptocurrency?

Monero is a digital currency that prioritizes your privacy above everything else. Transactions on the Monero network are obfuscated, ensuring your financial activities remain hidden from public view.

How Does Monero Compare to Other Cryptocurrencies?

Monero stands out in the cryptocurrency market due to its exceptional privacy features. Unlike Bitcoin, where transactions are traceable, Monero’s stealth addresses and RingCT technology make tracking funds virtually impossible. It uses unique one-time addresses for each transaction so third parties can’t link them to the actual user.

Further elevating its privacy stance, Monero employs ring signatures, which mix a user’s account keys with public keys obtained from Monero’s blockchain to create a ‘ring’ of signers. This technique obscures the origin of the Monero sent, shrouding the transaction’s trail in anonymity.

Monero’s privacy protocols distinguish it from even privacy-focused coins like Zcash. While Zcash provides the option for transparent transactions, Monero ensures every transaction is private by default.

Security is another cornerstone of Monero. The network undergoes regular updates, called hard forks, to stay ahead of security threats and maintain operational robustness.

When it comes to transaction speeds and fees, Monero often performs favorably. While not the fastest when in high demand, its adaptive block size limit allows it to handle an increasing number of transactions efficiently. This adaptability can lead to lower fees and faster processing times compared to more congested networks like Bitcoin and Ethereum.

From an adoption standpoint, Monero is gradually gaining traction due to its privacy narrative. While yet to reach the widespread use of Bitcoin, retailers and service providers valuing confidentiality are starting to recognize Monero’s potential.

The table below summarizes some key differences between Monero and other major cryptocurrencies based on privacy, transaction speed, and adaptability:

Feature Monero Bitcoin Ethereum Zcash
Default Privacy Yes No No Optional
Transaction Speed Moderate Moderate Fast Fast
Adaptability High Low Moderate Moderate

In terms of market capitalization, Monero might not be in the top few but its technological advancements and privacy guarantees keep it relevant. Investors and enthusiasts are watching Monero closely as it navigates the evolving crypto landscape.

Monero History & Growth

Monero was launched in April 2014 as a fork of Bytecoin. Initially named BitMonero, the community quickly shortened it to Monero, which means “coin” in Esperanto. The currency’s beginnings were rooted in decentralization and privacy, differing from the transparent blockchain of Bitcoin. Privacy and security have always been paramount, with Monero using advanced cryptography to secure transactions.

The developmental strides of Monero have been consistent since its inception. Community-driven initiatives have regularly updated the protocol to stay ahead of potential vulnerabilities. Significant growth milestones include the integration of Kovri, a project aimed at obscuring transactions even further by hiding transaction broadcast origins. Such advancements have solidified Monero’s commitment to anonymity.

Adoption rates for Monero have seen a notable increase over the years. The currency is increasingly accepted among online retailers and services that prioritize privacy. Statistically, the number of Monero transactions per day has grown, reflecting a robust and active community. Engagements on digital currency forums and Monero-dedicated social media channels reflect a loyal user base.

Technology upgrades have driven Monero’s market performance. With hard forks like the one in 2018, Monero has weathered the tasks of scalability and security, maintaining its position among the top privacy-centric cryptocurrencies. Industry reports highlight Monero’s steady climb in valuation and user adoption, pointing to a growing trend of value appreciation over time.

Buying Monero with Different Payment Methods

Buying Monero with a Credit Card

Purchasing Monero (XMR) with a credit card is a fast and convenient option offered by many online exchanges. Transaction fees may be higher due to processing charges, but you’ll benefit from instant settlements.

Buying Monero with a Debit Card

Using a debit card to buy Monero can be less costly than a credit card and is a direct withdrawal from your bank account. It’s widely accepted on cryptocurrency platforms and provides prompt access to your purchased XMR.

Buying Monero with Apple Pay

Apple Pay is emerging as a modern way to acquire Monero, ensuring swift and secure transactions with your connected devices. Some exchanges might limit availability, but where supported, user convenience is significantly enhanced.

Buying Monero with Paypal

PayPal’s recent forays into cryptocurrencies allow you to purchase Monero with minimal hassle. Be aware of potential restrictions and fees associated with converting funds on platforms that accept PayPal for crypto transactions.

Buying Monero with a Bank Transfer

Bank transfers to buy Monero are considered one of the safest payment methods with relatively low fees. Settlement times can vary from immediate to a few business days depending on your bank and the exchange.

Keeping Your Monero Safe

When engaging with cryptocurrencies like Monero, safeguarding your assets is paramount. Security measures are essential for peace of mind and to prevent unauthorized access to your funds.

Software Wallets

Monero software wallets offer convenience and easy access to your funds. These digital wallets allow you to send, receive and store Monero on your computer or smartphone. Security features like password protection and a recovery seed ensure that even if your device is compromised, you can regain access to your assets. It’s crucial to download software wallets from reputable sources and ensure your computer or smartphone has robust anti-virus and anti-malware protection.

Hardware Wallets

Hardware wallets provide the highest level of security for your Monero by storing your private keys offline. They’re virtually immune to online hacking attempts, as they require physical interaction for transactions to be authorized. Popular hardware wallets compatible with Monero include Ledger and Trezor, both offering robust security features and simplicity in managing your digital currency. It’s important to keep your hardware wallet’s firmware updated and store it in a secure location to prevent theft or damage.

Selling & Withdrawing Monero

When you decide to sell your Monero, numerous exchanges support XMR transactions. You’ll find that each platform has its own process, but typically, selling Monero involves depositing the coins into an exchange and converting them to fiat currency or another cryptocurrency.

To withdraw Monero, you must transfer your XMR from your wallet to an exchange that allows withdrawal in your desired currency. Withdrawal times can vary from one exchange to another, with some completing the process in under 24 hours, while others may take a few days.

Transaction fees when selling or withdrawing Monero are variable and depend on the network congestion at the time of your transaction. Make sure to review the fee structures of different platforms to avoid any surprises.

Always prioritize security measures such as two-factor authentication (2FA) and withdrawal whitelisting to protect your assets. Keep in mind that although Monero transactions are private, exchange platforms may require identity verification to comply with regulations.

For a smooth selling experience, keep your Monero in a wallet that’s compatible with popular exchanges. This ensures quicker access to the market when you’re ready to sell. Remember, market volatility can impact Monero’s value, so timing does matter when you decide to sell or convert your XMR.

If you’re planning to convert your Monero to another cryptocurrency, research the pairings available on exchanges to find the most advantageous rates. This step can maximize your returns and minimize losses.

Is Monero a Good Investment?

When considering Monero as an investment, privacy is a unique selling point. Unlike many cryptocurrencies, Monero’s transactions are confidential and untraceable due to its advanced cryptography. This level of anonymity has attracted a dedicated user base that values privacy, potentially increasing demand and value over time.

Market volatility affects Monero like any other cryptocurrency. It’s essential to consider that while privacy coins have their niche, regulatory pressures can influence their value significantly. In terms of historical performance, Monero has shown resilience and has experienced substantial growth since its inception.

Diversification is a key investment strategy; including Monero can add privacy-focused diversification to your portfolio. Cryptocurrency experts often suggest that a diverse portfolio can help mitigate risk in a volatile market.

Investment potential in cryptocurrencies hinges on adoption and technology advancements. Monero’s continuous upgrades and increasing acceptance could bolster its long-term investment case. Remember, it’s crucial to conduct thorough research and consider your risk tolerance before investing.

Monero Price Predictions

When exploring Monero’s future, it’s crucial to consider expert analyses and market trends. Historical data shows Monero has weathered market fluctuations with resilience, often rebounding with vigor.

Price prediction models factor in Monero’s privacy features as a unique selling point that could drive future demand. With the increasing public concern for digital privacy, Monero’s value proposition becomes more compelling. Security enhancements and community-driven developments are poised to add value to Monero’s market price in the coming years.

Crypto analysts draw attention to the scalability upgrades on Monero’s roadmap which may influence price positively. Scalability improvements could lead to increased adoption rates, potentially boosting the XMR price trajectory.

Monero’s robust privacy protocol positions it distinctively among cryptocurrencies, potentially leading to spikes in its valuation as the sector matures. Remember, the volatile nature of crypto markets makes predictions speculative, but informed estimates rely on underlying technology and market dynamics.

Expect the unexpected in the unpredictable world of cryptocurrency, where Monero’s fate is as encrypted as its transactions. Keep in mind that investment in crypto, including Monero, should be weighed against individual risk profiles and market analysis.

Additional Info

You’ve now delved into the world of Monero and uncovered its commitment to privacy and security. With its unique privacy features and steady market growth, Monero stands out as a potential asset for your investment portfolio. Remember that the inclusion of Monero could help diversify your holdings and possibly mitigate risk in a turbulent market. It’s essential to weigh the privacy advantages and technological advancements against the inherent volatility of the crypto space. As you consider adding Monero to your investment strategy, keep in mind the importance of aligning with your risk tolerance and conducting comprehensive market research. Stay informed about Monero’s scalability plans and how they may influence its future value. Your savvy investment decisions should always be informed by meticulous analysis and an understanding of the ever-evolving cryptocurrency landscape.

Monero (XMR)
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