Monero is a Cryptocurrency, the network powered by PoW (consensus mechanism based on mining) algorithm. The original software was developed by thankful_for_today & Nicholas van Saberhagen and first released April 18th, 2014. The coin is Privacy-focused. The official Monero website is https://www.getmonero.org.
As of today, June 29th, 2022, out of totally available ∞ XMR, 18,141,040 are in circulation. It's possible to mine moneros. The total market capitalization of monero is $2,203,269,322, the rank among other cryptocurrencies (based on the capitalization) is #28. The current rate of 1 XMR is $121.51 USD.
Monero's mission is to create a secure, privacy-focused and decentralized payment system. The privacy is achieved by obscuring the sender, receiver and the amount of every transfer made. Unlike most of the cryptocurrencies that are built as a fork of the Bitcoin (or Litecoin) software, Monero is based on the CryptoNote protocol, the key features of which are special algorithms related to blockchain obfuscation. The project started in 2014 and the privacy was further strengthened in 2017 by the adoption of Bitcoin Core developer Gregory Maxwell's algorithm Confidential Transactions, hiding the amounts being transacted.
There are also so-called "stealth addresses" generated for each transaction. It's impossible to discover the actual destination of the transaction by anyone else but the address owner. All these make Monero different from cryptocurrencies providing public access to the blockchain ledger, where addresses associated with some specific activity can be marked, the payments can be and traced and the addresses blacklisted by the network modes. Such features make XMR rather a popular payment system in the Darknet.
Monero is currently supported by 35% of exchanges (6 of 17) currently having active orders at ExchangeRates.Pro: 4 Exchange Brokers, 2 Trading Platforms have offers, allowing you to buy and sell XMR. Let's check and compare which of these exchanges will suit you the best, dear visitor!
There are some worthy and undoubtedly good, trusted exchanges among the ones with XMR support. One of them, Kraken trading platform, is really special! Our visitors and the ranking algorithms came to this conclusion while comparing and reviewing the websites and apps exchanging Monero. The service is extraordinarily fine, very few of the rest 331 exchanges and 14 trading platform sites we compare could receive such kind words in the testimonials and so impressive numbers in the results. It's so good that we feel obliged to share our experience with you, dear guest! Let's mention the key fact and describe the most important features making Kraken an ideal trading platform for buying, selling and exchanging XMR in United States:
KRAKEN is a Trading Platform; Payward, Inc. (dba Kraken) had started the project back in July 2011. The company is incorporated in the United States and headquartered in San Francisco. The official street address of Kraken is 237 Kearny Street Suite 102 San Francisco, CA 94108. The operational entity is a registered, regulated and licensed financial company. License granted by the FinCEN, the Firm is holding the Money Transmission license. FINCEN registration number 31000176593851. This is a highly trusted, undoubtedly a reputable, a long-standing, settled service. Trading Platform works with 33 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BTC, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICP, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, UNI, USDC, USDT, WAVES, WBTC, XLM, XMR, XRP, ZEC, ZRX.
The customers are welcome to buy and sell coins and tokens with 7 national aka fiat currencies: AUD, CAD, CHF, EUR, GBP, JPY, USD. Totally 10 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Apart from the currencies conversion operations, kraken.com is offering some other services, that could be interesting for crypto-users, like Mobile wallet, OTC trading, Margin Trading, Futures Trading, Staking, MasterNodes, etc. (passive income opportunity). Impressive, right? The features that our users enjoy the most out of this wonderful platform:
Kraken currently provides 3 ways of purchase and sale Moneros in United States with the national currencies and the most exciting news are that the payments in US Dollars are possible:
Sweet! Buying and selling with fiat aside, there are 31 cryptocoins and tokens exchangeable with XMR: AAVE, ADA, BCHABC, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, UNI, USDC, USDT, WAVES, WBTC, XLM, XMR, XRP, ZEC, ZRX can be converted to Monero and vice versa any time you please.
Our own examination and the analysis of a community vote concludes this trading platform stands out from the competition. Hence we award Kraken with a special status: the best Trading Platform in North America! A magnificent outcome and it's fairly earned; it says a lot bearing in mind that we rate and compare 332 exchange websites and apps! Summing up, both together our algorithms and the actual users choosing Kraken as one of the most trusted, convenient and credible services operating in North America. It surely deserves a try!
Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap xmr with fiat (national) currencies. Here are the top three exchanges to buy and sell moneros in United States:
Are you looking for the best place to buy moneros? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell XMR, based on your location and preferences.
At this moment, there are 3 offers to buy Monero in United States. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:
We've compared a lot of offers to find the top ones; right now we have 2 ways for you to purchase monero available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with US Dollar, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase XMR crypto:
Even the greatest XMR HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell moneros to US Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
There are currently 3 opportunities to cash out your monero coins in US. You'd likely need to out-exchange the crypto to pay for some local expenses, shopping, etc. It's reasonable to choose the safest and most comfortable option — a local bank you are using, your preferred payment system or cash in your city. Here is our top list of the ways other people in United States prefer to exchange monero to fiat:
Sometimes you may need to transfer the money to another country. If you are holding XMR, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 2 options to out-exchange the xmr to fiat; the most frequently used banks, money transfer operators and global payment systems are:
Did you know that it's possible to exchange XMR to 47 other cryptocurrencies? It's possible to convert Monero to/from 96% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 208 swap possibilities with XMR and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap XMR with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: