Monero Trading in 2021: How To Get a Monero?

Monero (XMR) is the dominant cryptocurrency that specialises in developing transactions and financial information safe and private. It is one of the renowned privacy coins in the market created to address other cryptocurrencies’ perceived issues. Unlike other cryptocurrencies like BitCoin and Ethereum, Monero uses cryptography to hide the sender’s address, receiver’s address, and the amount transacted. It is an open-source community cryptocurrency that offers fast and inexpensive online payment, plus it is safe from capital controls that can restrict the flow of digital transactions. Let’s see how to get a Monero wallet!

Getting a Monero Wallet:

First of all, you’ll need to register yourself on any crypto exchange that can help you buy, sell, and trade your digital assets from a secured location. Select a cryptocurrency exchange for Monero and buy a wallet to start trading Monero. Mostly hardware, software, mobile, paper wallet, and web are used by crypto traders as they help people to store their digital assets in a private and safe location. Once you’ve registered your account with an exchange, you can browse through hundreds of cryptocurrencies available for trade. Now enter Monero in the search bar, buy it, and you’re ready to make the trade. 

How to trade Monero in 2021?

Looking for the best trade for Monero is a daunting task, so here we’re going to share our top picks where you can get your Monero (XMR)!

1. KRAKEN:

Kraken is a user-friendly platform, and its security is one of the biggest reasons for selling points worldwide. It is one of the excellent cryptocurrency exchanges that can’t be hacked and complies with all the regulations.  Here, you need to go through the KYC process, and then you can select the complexity of the trades you’re making. You can buy Monero here by using BTC as your only crypto option; however, you can choose between EUR and USD if you’re using fiat. 

2. BINANCE:

It is the biggest crypto exchange by 24-hour trading volume and occupies the largest Monero markets. It is the best place to start learning how to trade like a pro as it offers ease of access and beginner-friendly tutorials with a professional interface. Moreover, it is accessible through different devices from browsers to apps and also supports avalanche exchange plus the fees are on the lower end. Here, you can trade Monero through multiple cryptocurrencies such as BTC, BNB, BUSD, USDT, and ETH, or buy it by Fiat currencies. 

3. HitBTC:

It is another cryptocurrency exchange platform for Monero, but it requires more trading experience because its interface might be a little confusing for newcomers. You don’t need to go through any KYC process on HitBTC; hence traders who value their privacy the most will feel at home. Moreover, the fees are very low, and the choice of altcoins is high so that you can trade Monero through any cryptocurrency like ETH, BTC, USDT, EURS, EOS, BCH, and DAI many others. 

4. KuCoin:

KuCoin is a vast cryptocurrency exchange platform available worldwide and offers you both altcoins and other fiat payment options. It also provides tools such as margin trading and skating to experienced traders to try their hands on these tools. KuCoin also gives advanced security measures with non-custodial trading, and so it’s the best platform for those who take their security seriously. Here, you can trade Monero to BitCoin (BTC), ETH, and USDT, or buy it with any fiat options as well. 

So in this article, we’ve shared the top crypto exchanges platforms for Monero, giving the most experience levels, payment options, and array of financial instruments.