Monero (XMR)

$ 42,99
Mkt. Cap.
$ 715.279 M
Vol. 24h
$ 1.321 M
Open 24h
$ 43,72
Low/High 24h
$ 42,07 - $ 44,65
Since
02/06/2014
Circulating Supply
16 638 262
Hash Algorithm
CryptoNight-V7
Generation
PoW
Difficulty Adjustment
2 blocks
Block R.R.
-
Block №
1 578 987
Network H/s
405 504 601
Block Revard
4.553774975811

XCOINS.IO

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5 1
Margin Trading
No

A Guide to Monero: Everything You Should Know

Monero is project associated with a large community of researchers, cryptography experts and engineers. More than 240 professionals have contributed into its coding and development. Monero does not have any centralization and therefore cannot be limited by specific governmental structures or any legal jurisdiction.

Monero is a unique phenomenon of the cryptocurrency world. This digital currency is absolutely untraceable and confidential. No third parties can see your account or financial transactions; instead, you become your own bank. Using Moneo, you are the only person, who takes responsibility for your funds and control them entirely.

How does it work?

Because Monero is a community, every new user is strongly encouraged to interact with other members. To start your work with Monero, you should download an official wallet to store your coins secure. Once you have registered a wallet, you can purchase Monero for cryptos or cash (EU/USD). In addition, you might start mining Monero; however, this is a less efficient way for those who are looking forward to get some real income. The problem is that a single miner cannot beat the competition on the current market due to a large number of powerful mining corporations. Once you have bought yourself some Monero coins, you can send and receive it or pay for services and items.

To receive money from another user, you just need to give your payment ID to him. This is a number with 64 characters randomly created by you. Monero uses a blockchain technology, therefore security of the network is supported by users themselves. The crypto operations performed within a network serve to ensure security of all transactions.

How to buy Monero?

If you are an experienced user, who knows how exchanges work, then we recommend you to buy Monero from Binance. Newcomers may find this website a little bit complicated, while professional traders will surely benefit from a wide range of tools and functions it offers. This platform allows you to change your BTC or ETH to XMR, so make sure buy some digital currency in advance.

Exmo is a cryptocurrency exchange with the lowest fees available at the market. They support many withdrawal and deposit options, so you can get buy XRM for other cryptos or use your credit/debit card.

If you are looking for a multi-cryptocurrency platform with a wide range of coins, then you should try LiveCoin. This website will satisfy both newcomers and professional traders. There you will find services for regular users and cryptocurrency developers, like swaps, ICOs, etc.

Conclusion

Monero is a growing community that invites every willing person to become a part of something large. This currency is a perfect option for those who are looking for some anonymity in their transactions. Some other currencies offer stealth addresses as an additional service, however with Monero it is a default option.