Alex Tamm Table of Contents
Since its inception in 2014, Monero has quickly gained public attention and became one of the most popular altcoins on the market. Due to its unique characteristics, such as privacy and untraceability, Monero is stably included in the top 15 cryptocurrencies by market capitalization and remains in the investment portfolio of many experienced traders. Before we will share a list of the best crypto exchanges where to buy and sell Monero in 2020 let’s find out why the hype around this altcoin shows no signs of abating.
Monero key facts
Monero XMR is an open-source altcoin that focuses on anonymity and decentralization as its key features. This cryptocurrency employs an innovative type of cryptography to make sure that 100% of its transactions stay completely untraceable and unlinkable.
Modernized blockchain, secure encryption, and limitless supply make it an influential coin with a stable future and great investment prospects. In February 2020, coinmarketcap.com ranks Monero 14th in the list of the top 100 cryptocurrencies with the market capitalization of $1,410,163,711.
Find out How to earn Monero (XMR) in 2020
Crypto exchanges to get Monero
Godex
Godex.io is a cryptocurrency exchange which focuses on safety, anonymity, and efficiency of crypto trading. Unlike the majority of exchanges, which require time-consuming verification procedure, Godex does not ask for personal details, accounts or registrations. With powerful security protocols and protection from DDoS attacks, this crypto exchange allows to buy and sell Monero in a fast and secure manner.
Check our guide How to exchange Monero via Godex.io
Coinbase
Coinbase is one of the most popular cryptocurrency exchanges which was established in 2012 with a headquarter in San Francisco. It has a great reputation and only features the most influential cryptocurrencies which ensure exchange’s high trading volumes. In order to start trading, you will have to verify your identity and provide contact details first. You will also be asked to register Poloniex account and transfer your crypto to it. By doing that, you will be able to use one exchange to buy Monero with fiat (USD, EUR, etc) and another one to trade for this crypto.
Kraken
Being one of the most well-known American crypto exchanges, Kraken has announced Monero trading in 2017. Nowadays, you can trade this coin in pairs XMR/XBT, XMR/EUR and XMR/USD with a possibility of margin trading. Most Kraken clients store their crypto assets in cold wallets and apply PGP mechanism to protect private data from hackers.
Binance
Since its launch in 2015, Binance has earned a reputation as one of the most trusted and secure cryptocurrency exchanges in the world. Its American branch was opened in autumn 2019 with a headquarter in San Francisco. The exchange processes over 1 000 000 requests per second which turns it into the biggest platform in the USA.
Poloniex
Poloniex is the other large US-based cryptocurrency exchange with a good reputation and a great accessibility. With a variety of advanced trading tools, data analysis algorithms, 24/7 support and a cold storage option, it became attractive to both newbies and experienced traders. In order to trade Monero, you will either have to analyze order books listed by other users or set up a new listing and check whether anyone would like to purchase XMR from you.
In conclusion
With its great features and a well-established community, Monero is definitely worth exploring and adding into your investment portfolio. Due to a good reputation and growing trade volumes, the majority of cryptocurrency exchanges are offering to buy and sell XMR for Bitcoin, Ethereum or a variety of other fiat currencies.
Get
Start a Cryptocurrency exchange. Try our crypto exchange platform
Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.
Read more
In today’s virtual currency market, new additions are constantly emerging, with eCash being one of the latest. Traders are showing keen interest in the cryptocurrency XEC, looking forward to understanding its nature, unique attributes, and future growth potential. ECash serves as a cryptocurrency platform, representing one of the stages – possibly the final fork – […]
Amidst the flurry of crypto activity, TRON (TRX) and its impressive performance are in the spotlight. The TRX token’s underlying blockchain, TRON, has been stirring up excitement in cryptocurrency circles. Recent data shows a surge in daily transactions, hitting a record-breaking 7.2 million. This 50% increase from last year has caught the attention of investors […]
There are over 10,000 cryptocurrencies globally, with a total value of $2 trillion. Bitcoin holds the top spot with a market cap of $1.3 trillion, while Ethereum follows closely at $387 billion, recognized for its trendsetting technology and diverse range of applications. The project community has made network upgrades and is eagerly anticipating the introduction […]
Quant aims to enhance manipulations spanning multiple blockchains and support the growth of decentralized applications. It is created by a team dedicated to advancing the Overledger operating system, which enhances blockchain interoperability. The native cryptocurrency associated with the Quant project is QNT. This piece will delve into the core of Quant, exploring eventual QNT price […]
On May 27, 2024, the crypto world witnessed a remarkable event as PEPE, the meme-inspired cryptocurrency, soared to its all-time-high. However, the euphoria was short-lived. In just a month, the coin’s value plummeted by 30.34%, leaving investors scratching their heads. Now, everyone’s asking the same question: Is it still worth buying PEPE? To answer this, […]
The Tellor price prediction is the number one research term if you’re about to trade the coin. But what’s behind the coin and the project? Traditionally, accessing reliable market data for cryptocurrencies requires navigating various exchanges or APIs. Tellor simplifies this process by consolidating all necessary data within Ethereum smart contracts through its Oracle feeds. […]