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, November 2nd, 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 $2,833,110,895, the rank among other cryptocurrencies (based on the capitalization) is #33. The current rate of 1 XMR is $153.52 USD; converting to the national currency of Singapore, the rate is 210.67 SGD for 1 XMR.
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.
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!
There are some worthy and undoubtedly good, trusted exchanges among the ones with XMR support. As a matter of fact, one of these, Changelly broker is especially notable! Let's check out what makes the Changelly a leading broker for buying, selling and exchanging XMR in Singapore:
CHANGELLY is a Broker; Fintechvision Ltd. (dba Changelly) had started the project back in December 2013. The company is incorporated in the Hong Kong SAR China and headquartered in Hong Kong. The official street address of Changelly is 7/F, Woon Lee Commercial Building, 7-9 Austin Ave, Tsim Sha Tsui, Kowloon. This is a highly trusted, a long-standing, settled service. Broker works with 43 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BCHSV, BNB, BTC, BTT, DAI, DASH, DOGE, DOT, EOS, ETC, ETH, FIL, ICP, ICX, KSM, LINK, LSK, LTC, MATIC, MIOTA, OMG, SKL, SOL, SUSHI, THETA, TON, TRX, TUSD, UNI, USDC, USDT, VET, WAVES, WBTC, XEM, XLM, XMR, XRP, ZEC, ZRX.
The customers are welcome to buy and sell coins and tokens with 34 national aka fiat currencies: AUD, BGN, BRL, CAD, CHF, COP, CZK, DKK, DOP, EGP, EUR, GBP, HKD, IDR, ILS, JOD, KES, KWD, LKR, MXN, NGN, NOK, NZD, OMR, PEN, PLN, RON, SEK, THB, TRY, TWD, USD, VND, ZAR. Totally 1 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Impressive, right? The features that our users enjoy the most out of this wonderful platform:
Changelly currently provides 1 ways of purchase and sale Moneros in Singapore with the national currencies and the most exciting news are that the payments in Singapore Dollars are possible:
Service of my choice when I need to exchange one coin or token to another one quickly. Yes, you may get a slightly better rate if will check each and every exchanga, etc. but in most of the cases you ll just lose your time. Like save $0.01 but spending a half an hour more.
That's why I recommend using Changelly for exchanges of one coin/token to another one. It's fast, simple and safe and the rate is fait.
Said Hustler
S
from
United Kingdom
at 30 Sep 2019
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 exchanges to buy and sell moneros in Singapore:
Besides the abovelisted great exchanges, serving Singapore and allowing domestic payments in Singapore Dollar among other countries and currencies, there are also very good international ones among the websites exchanging moneros. Hence if you need SGD|XMR exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Monero using USD, etc. or swap it with various coins and tokens, feel free to check this selection of top four highest-ranked XMR exchanges from all around the world:
By the way, exchanges that accept SG, 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
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.
We've compared a lot of offers to find the top ones; right now we have 40 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 Singapore 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 Singapore Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
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 29 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 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 209 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: