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Monero (XMR) exchanges in Ethiopia: buy, sell & swap

Monero (XMR) key market data:

  • type: Cryptocurrency
  • consensus: PoW
  • Privacy-focused
  • market cap: $2,889,877,625
  • market rank: #34
  • supply total: 18,444,108
  • supply available: 18,445,342
  • mineable
  • XMR/USD: $156.56

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, July 14th, 2024, out of totally available 18,444,108 XMR, 18,445,342 are in circulation. It's possible to mine moneros. The total market capitalization of monero is $2,889,877,625, the rank among other cryptocurrencies (based on the capitalization) is #34. The current rate of 1 XMR is $156.56 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 mined by the means of an accessible “Proof of Work” algorithm; it's rather easy to mine Monero on consumer-grade hardware (average laptops, office PCs, etc.), which makes it more difficult for someone to purchase a large amount of mining power. After the release of the JavaScript implementation of Monero miner Coinhive, the egalitarian mining process makes XMR mining a new way for the website operators to monetize the content. It was used by both the legitimate online publishers and hackers who embed the code to third party websites and/or were using this model without informing the visitors; as a result, the in-browser miners are blocked by many browser extensions, ad blockers, etc.

Top Monero exchanges

Monero is currently supported by 50% of exchanges (5 of 10) currently having active orders at ExchangeRates.Pro: 3 Exchange Brokers, 1 Trading Platforms, and 1 P2P Marketplaces 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!

Top XMR exchanges to buy/sell in Ethiopia

Ethiopia flag

Sorry, at the moment there are no active exchanges with live offers to buy/sell Monero with fiat currencies in Ethiopia. Our teams tries our best to add some ASAP!

The rest of safe, fast, easy to use XMR exchanges worldwide

exchanges worldwide

Besides the abovelisted great exchanges, serving Ethiopia and allowing domestic payments in US Dollar among other countries and currencies, there are also very good international ones among the websites exchanging moneros. Hence if you need USD|XMR exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Monero using other fiat currency, etc. or swap it with various coins and tokens, feel free to check this selection of top five highest-ranked XMR exchanges from all around the world:

  1. Kraken a Trading Platform started business July, 2011. A reputable company holding all the government permissions for doing business; is licensed, etc. There are 2 payment systems to buy and sell Monero with USD. Apart from that, feel free to swap XMR to/from 26+ coins and tokens. KYC (identification process) is necessary to become a client of this service provider. | 3 testimonials, 100% gave maximal rank
  2. Changelly a Broker started business December, 2013. There are 1 payment systems to buy and sell Monero with USD. Apart from that, feel free to swap XMR to/from 38+ coins and tokens. | 17 testimonials, 94% gave maximal rank
  3. AlfaCashier a Broker started business May, 2012. Unfortunately no fiat payments for your currencies this time, but feel free to swap XMR to/from 16+ coins and tokens. | 2 testimonials, 100% gave maximal rank
  4. Bitpapa a P2P Marketplace started business May, 2020.
  5. changeNOW a Broker started business September, 2017. Unfortunately no fiat payments for your currencies this time, but feel free to swap XMR to/from 39+ coins and tokens.

By the way, exchanges that accept ET, but don't allow fiat payments there are also in this list. So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell monero using the bank account or local payment system from there) or if you are looking for an exchange for someone else, this list will work great for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either

  • find the best ones yourself from all offers available at our comparison @ ExchangeRates.Pro. For example, if you are looking for an exchange for Kenya assuming that you have a local bank account there, an address confirmation, etc: compare rates to buy and sell Monero in Kenya
  • ...or just explore the great websites listed above to find out which one you prefer!

Where to buy XMR

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.

Where can you buy XMR in Ethiopia

At this moment, there are 4 offers to buy Monero in Ethiopia. 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:

  • Paypal in USD, although can be used in any currency: payments by e-wallet. Can be also paid from some other countries. Offered 2 times
  • Skrill in USD: payments by e-wallet. A global payment system, available worldwide. Offered 1 times
  • Razer Gold Gift Card in USD, although can be used in any currency: payments by Gift Cards. A global payment system, available worldwide. Offered 1 times

Easiest, safest, fastest ways to buy xmr worldwide

We've compared a lot of offers to find the top ones; right now we have 24 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:

  • Western Union in USD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Ethiopia, South Sudan, Somalia, Sudan, Kenya, Eritrea, Djibouti, etc. are covered. Suggested in 3 offers
  • MoneyGram in USD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Ethiopia, Eritrea, South Sudan, Djibouti, Sudan, Kenya, Somalia, etc. are covered. Suggested in 2 offers
  • Remitly in USD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Ethiopia, Eritrea, Somalia, Kenya, Djibouti, Sudan, South Sudan, etc. are covered. Suggested in 1 offers
  • RIA money transfer in USD you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Ethiopia, Sudan, Djibouti, Eritrea, Somalia, South Sudan, Kenya, etc. are covered. Suggested in 1 offers
  • SWIFT Transfer in USD Actually it's a multi-currency option, you are supposed to pay by the International Bank Transfers. This way to send fiat money will work worldwide. Ethiopia, Djibouti, South Sudan, Somalia, Eritrea, Kenya, Sudan, etc. are covered. Suggested in 1 offers
  • Transferwise in USD an international payment system. This way to send fiat money will work worldwide. Ethiopia, Kenya, Eritrea, South Sudan, Djibouti, Somalia, Sudan, etc. are covered. Suggested in 4 offers
  • Payeer in USD an international payment system. This way to send fiat money will work worldwide. Ethiopia, South Sudan, Sudan, Djibouti, Eritrea, Kenya, Somalia, etc. are covered. Suggested in 3 offers
  • Advanced Cash in USD an international payment system. This way to send fiat money will work worldwide. Ethiopia, Somalia, Eritrea, Kenya, Sudan, Djibouti, South Sudan, etc. are covered. Suggested in 3 offers
  • WorldRemit in USD an international payment system. This way to send fiat money will work worldwide. Ethiopia, Sudan, Eritrea, Kenya, Djibouti, Somalia, South Sudan, etc. are covered. Suggested in 2 offers
  • Payoneer in USD an international payment system. This way to send fiat money will work worldwide. Ethiopia, Eritrea, Djibouti, Somalia, Kenya, South Sudan, Sudan, etc. are covered. Suggested in 2 offers

Where to sell XMR

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.

Where can you sell XMR in Ethiopia

There are currently 5 opportunities to cash out your monero coins in ET. 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 Ethiopia prefer to exchange monero to fiat:

  • NETELLER in USD: you will receive money using the e-wallet. Besides, you can transfer money to other countries. Proposed by 2 buyers
  • Skrill in USD: you will receive money using the e-wallet. Can also send money to any other location. Proposed by 2 buyers
  • Paypal in USD, works with several currencies: you will receive money using the e-wallet. Besides, you can transfer money to other countries. Be careful with such payments at the P2P marketplaces! This type of transfer can be reversed! Proposed by 1 buyers

Easiest, safest, fastest ways to sell XMR worldwide

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 28 options to out-exchange the xmr to fiat; the most frequently used banks, money transfer operators and global payment systems are:

  • Western Union in USD, can be also used with any of other currencies; to any country in the world including Ethiopia, Eritrea, Somalia, Djibouti: the funds will be sent by the Money Orders. You can transfer money wherever you need! Suggested in 3 deals
  • MoneyGram in USD, can be also used with any of other currencies; to any country in the world including Ethiopia, Eritrea, Somalia, South Sudan: the funds will be sent by the Money Orders. You can transfer money wherever you need! Suggested in 2 deals
  • SWIFT Transfer in USD, can be also used with any of other currencies; to any country in the world including Ethiopia, Kenya, Eritrea, Sudan: the funds will be sent by the International Bank Transfers. You can transfer money wherever you need! Suggested in 3 deals
  • Advanced Cash in USD to any country in the world including Ethiopia, Eritrea, Sudan, Kenya: a global payment method. You can transfer money wherever you need! Suggested in 5 deals
  • Payeer in USD to any country in the world including Ethiopia, Djibouti, Somalia, Eritrea: a global payment method. You can transfer money wherever you need! Suggested in 4 deals
  • WebMoney in USD to any country in the world including Ethiopia, Djibouti, South Sudan, Sudan: a global payment method. You can transfer money wherever you need! Suggested in 3 deals
  • Transferwise in USD to any country in the world including Ethiopia, South Sudan, Somalia, Djibouti: a global payment method. You can transfer money wherever you need! Suggested in 3 deals
  • Perfect Money in USD to any country in the world including Ethiopia, Kenya, Djibouti, South Sudan: a global payment method. You can transfer money wherever you need! Suggested in 2 deals
  • Payoneer in USD to any country in the world including Ethiopia, Kenya, South Sudan, Somalia: a global payment method. You can transfer money wherever you need! Suggested in 2 deals
  • Etana in USD to 217 countries: a global payment method. Suggested in 1 deals

Where to swap XMR

Did you know that it's possible to exchange XMR to 49 other cryptocurrencies? It's possible to convert Monero to/from 98% 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 190 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:

  • Bitcoin (BTC): that's a popular Cryptocurrency. There are 7 proposals (4 allow to convert from BTC to XMR and 3 that are converting in opposite direction.
  • Chainlink (LINK): that's a popular Token. There are 6 proposals (3 allow to convert from LINK to XMR and 3 that are converting in opposite direction.
  • Wrapped Bitcoin (WBTC): that's a popular Token. There are 6 proposals (3 allow to convert from WBTC to XMR and 3 that are converting in opposite direction.
  • MakerDAO (DAI): that's a popular Stablecoin. There are 6 proposals (3 allow to convert from DAI to XMR and 3 that are converting in opposite direction.
  • Litecoin (LTC): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from LTC to XMR and 3 that are converting in opposite direction.
  • Ripple (XRP): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from XMR to XRP and 3 that are converting in opposite direction.
  • Zcash (ZEC): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from XMR to ZEC and 3 that are converting in opposite direction.
  • TRON (TRX): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from TRX to XMR and 3 that are converting in opposite direction.
  • Polkadot (DOT): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from DOT to XMR and 3 that are converting in opposite direction.
  • Ether (ETH): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from ETH to XMR and 3 that are converting in opposite direction.

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