How to buy Monero

Buying Monero is just as easy as acquiring any other cryptocurrency; at the time, you can even buy them directly using dollars or euros.

But not long ago I wondered about the same things you are probably asking yourself right now, so I have tried to create an easy guide for you to be able to buy your currency as soon as possible.

Where can I buy Monero?

How to buy MoneroYou can buy it at a great number of exchanges. Monero is a private cryptocurrency that has seen a growing demand in the last year; therefore, all exchanges are interested in carrying it.

These exchanges are as easy to use as an online bank account or an e-mail. You just need to create an account, deposit the amount you wish to invest in Monero and continue by placing your purchase order.

Coinbase

I recommend this site if what you want is to buy Monero using your credit card. All you need to do is sign up and buy Bitcoins with your card; once you have them, you can transfer them to exchanges such as Kraken, Bitfinex or Bittrex, where you will be able to buy Monero tokens using your Bitcoins.

Local Monero

The advantage of this site is that you can use several payment methods and start trading in seconds. It is not even required to enter an e-mail to register, so by selecting the right payment method, your privacy will be guaranteed.

The best part is that you can even find sellers in your vicinity that accept payment in cash and others that can be paid via Cash by mail and other payment methods. As far as we can tell, it is a website where you will be able to engage in private transactions.

BITFINEX

This exchange is one of the most important at the time and is always ranked among the top three based on Monero transaction volumes. In my opinion, it is one of the best websites for buying cryptocurrencies or trading.

  • You can make deposits in dollars and cryptocurrencies.
  • They offer the following trade opportunities:

XMR/USD
XMR/BTC

Kraken

Making your deposit via bank transfer and purchasing XMR is quite easy. But I place it last because it isn’t one of the simplest exchanges to use, and experiences many failures when there are many users online.

  • You can make deposits in dollars and cryptocurrencies.
  • You can trade in the following currency pairs:

XMR/BTC
XMR/USD
XMR/EUR

FAQ

Can I buy Monero using USD?

Yes. There are currently many exchanges that let you deposit funds in their platform and buy Monero directly using dollars.

Can I buy Monero using PayPal?

The quick answer is yes. You can find sellers in LocalMonero or open a VirWox account, where you can trade your PayPal balance for SLL, used on the Second Life platform.

Once you have the SLL, you can sell them over that same platform and obtain Bitcoins. You can now transfer them to any exchange to purchase Monero.

Can I buy Monero using a Credit or Debit Card?

While you cannot buy them directly, you can acquire Bitcoins at Coinbase and then use them to buy Monero at any exchange.

Safety Tips

As I always say, the safest place to keep your currencies is in your own wallet. So before or after buying your Monero tokens, the best idea is for you to install their node on your computer or store them in MyMonero, which is a highly recommended web-based version.

How to buy Monero
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