How to Buy Monero (XMR)
Learn all about Buy Monero
Price of Monero Today (24h)$222
+7.4%Monero (XMR) is a token issued on the Blockchain Network. Through the collective efforts of the Monero development team and community members, the number of applications supporting XMR has been gradually increasing, demonstrating significant potential within the crypto industry. More and more people are becoming interested in Monero. They wish to invest or purchase Monero (XMR), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Monero. Regardless of your location, Bitrue can provide you with a simple and secure way to buy XMR.
Where and how to buy Monero
When it comes to purchasing Monero (XMR), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Monero in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased XMR will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Monero (XMR) through Bitrue.
Steps to Buy Monero (XMR)
01Step 1 Create a Bitrue Account
- - Register through the official website, Bitrue.com.
- - Download the Bitrue App and complete the registration process.
- After successfully registering your Bitrue account, follow the security prompts on the website or app to enable Google 2FA for account dynamic verification.
02Step 2 Complete KYC Verification
Visit the identity verification page on the Bitrue official website or app, select your country or region, upload valid identification documents, and submit a selfie. Once the identity verification is successful, you will receive a notification.
03Step 3 Choose the method to Buy Monero (XMR)
Buy Monero through Spot Markets
- Note: Currently, the most popular Monero spot trading pairs include XMR/USDT and XMR/USDC. Before purchasing Monero (XMR) in the spot market, please ensure that your Bitrue wallet has a sufficient amount of cryptocurrencies (e.g. USDT, USDC). If your account does not have enough cryptocurrencies, you will need to recharge your Bitrue account.
- 1. Click on "Trade" -> "Spot" on the Bitrue official website or app.
- 2. Select Monero (XMR) from the list of cryptocurrencies.
- 3. Enter the quantity of XMR you want to purchase, either at the market price or set a target price for buying Monero.
- 4. Confirm the purchase order.
- 5. Transaction completed.
- If Bitrue exchange currently does not support the above methods for purchasing Monero (XMR), users can only deposit XMR assets into their Bitrue accounts through a cryptocurrency wallet or choose a decentralized exchange (DEX) that supports XMR trading pairs for purchasing.
04Step 4 Successful Purchase
- The purchased Monero assets are stored by default in your Bitrue cryptocurrency wallet or trading account. You can use Bitrue to trade other cryptocurrencies, stake for passive income, or withdraw it to an external Monero cryptocurrency wallet.
- Note: If you have not received your Monero (XMR), visit the help center or contact online customer support for assistance.
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Alternative methods to acquire Monero
Apart from directly buying Monero (XMR), what are the alternative methods to acquire Monero ?
Fixed Auto-Investment in XMR
Regularly invest a fixed amount at scheduled intervals in Monero (XMR) digital assets, enjoying both short-term returns and long-term benefits.
Staking XMR
Flexible staking of Monero (XMR) digital assets to earn interest or high returns in other cryptocurrencies.
POW Mining
Monero miners choose mining rigs or cloud mining with high GPU and CPU configurations, configure mining software, select mining pools, and start mining to earn XMR rewards.
Get Monero (XMR) for free
If you have enough time, you can obtain Monero for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Monero (XMR).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Monero.
- All cryptocurrency airdrops and rewards can be exchanged for XMR through coin-to-coin exchange or spot trading.
How to keep your Monero safe and secure
Once you have purchased Monero, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Monero and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Monero wallets, you also have the option to store Monero (XMR) separately in a personal encrypted wallet. This wallet serves to keep your Monero secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Monero, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Monero encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
Why Bitrue is the Best Platform for Buying Monero (XMR)
User-friendly Interface
Trading cryptocurrencies on Bitrue is a breeze, requiring just a few simple steps to instantly purchase Monero.
Swift Deposits and Withdrawals
Our efficient real-time trading system ensures your Monero assets are instantly depositable and withdrawable.
Security and Stability
With dual-factor authentication, multi-signature support, and cold-hot wallet segregation technology, we ensure the systematic security of Monero.
Get XMR with Bitrue
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Some market stats about XMR
Price Analysis
XMRMonero Price Now:
$222+7%24H
Monero is rising this week.
The price of Monero has increased by 7.24% in the last 7 days. It has seen a 7.4% increase in the past 24 hours and a 0% increase in just the last hour. The current price is $222 per XMR. Monero is dropped -56.95% from its all-time high of $515.71.
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Calculate the Returns on Your Monero Investment
How much profit would I have if I bought $ worth of Monero in ?
CalculateReturns based on the average Monero price for that year. Not financial advice.
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
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FAQ About Buy Crypto
What is Monero?
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.
Why are people buying Monero?
People buy Monero for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Monero serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Monero include investment, risk diversification, and trust in new digital assets.
Should I buy Monero?
Deciding whether to buy Monero depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Monero investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Monero (XMR) may be a suitable investment choice. However, remember that all investments come with risks.
How much does it cost to buy 10 XMR?
To purchase 10 XMR, the cost in USD would be $2220.
What are the fees for buying Monero?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies here.
How to use Apple Pay to buy XMR?
Currently, Bitrue does not support purchasing XMR or adding fiat currency using Apple Pay.
How to use Google Pay to buy XMR?
Currently, Bitrue does not support purchasing XMR or adding fiat currency using Google Pay.
How to use Paypal to buy XMR?
Currently, Bitrue does not support purchasing XMR or adding fiat currency using Paypal.
What can I do with Monero?
You can use Monero to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Monero?
If your Bitrue wallet does not hold Monero, you need to deposit XMR into your Bitrue account. If you already have XMR, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of XMR you want to sell, select the selling price, confirm the sell order, and once your XMR is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Monero (XMR) worth 1 US dollar?
In theory, Monero (XMR) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for XMR is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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