What Is Monero (XMR)?


Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it's commonly thought that BTC can conceal a person's identity, it's often easy to trace payments back to their original source because most blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.

Buying XMR

Buying XMR is quite easy. The easiest and most popular method would be https://localmonero.co/ or https://bisq.network/ these are both P2P DEXs which means you are buying/selling to other people without any automation. The best method for privacy would be buying Cash By Mail because it's completely anonymous.

Storing XMR

To be able to buy funds from these DEXs you need to have a wallet. I personally use https://www.exodus.com/ because it's got a wide range of coins, is user intuitive and most importantly non-custodial. not your keys, not your coins.

Swapping XMR For BTC or Alts

If you ever need to swap your XMR to a different coin there are many anonymous decentralized exchanges such as my favouite: https://fixedfloat.com/

Selling XMR (For Fiat)

... WiP