Monero (XMR)<\/strong><\/a> is a decentralized privacy coin. It can be used to conduct completely anonymous cryptocurrency transactions. Monero is one of the best-known examples of <strong>privacy assets<\/strong> that are completely decentralized and difficult to trace back. You can see the most up-to-date Monero price performance data using the dynamic chart above.<\/p>\r\n<h2>Who Developed Monero?<\/h2>\r\n<p>The developers of Monero, referred to as <strong>the Core Team<\/strong>, have chosen to remain anonymous. The whitepaper was published by Nicolas van Saberhagen, although it’s presumed that this is a pseudonym. One of the co-founders, Riccardo Spagni, known as Fluffypony, was charged with fraud in South Africa.<\/p>\r\n<p>The project did not hold an initial coin sale (ICO). Since its launch, the Monero price has been notably volatile. This may be due to the changing market conditions since crypto is considered to be a high-risk investment.<\/p>\r\n<p>The idea for a privacy coin was initially proposed by the user <em>thankful_for_today<\/em> on the Bitcointalk forum. According to the user, one of Bitcoin’s (BTC) biggest flaws was its traceability, as all transactions are recorded on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledger<\/strong><\/a> and accessible to all members of the blockchain.<\/p>\r\n<p>Monero aims to improve on two aspects of digital currency – <strong>anonymity and privacy. <\/strong>Despite the presumed anonymity of Bitcoin, transactions can still be traced to specific wallets that belong to individuals. Due to the fact the initial <strong>BitMonero project<\/strong> was seen as controversial in the Bitcoin community, <em>thankful_for_today<\/em> created the Monero fork in 2014.<\/p>\r\n<p>At the time of its launch, one XMR coin was valued at around <strong>$2<\/strong>. As of June 2022, the all-time high was reached in January 2018, exceeding <strong>$540<\/strong>. The lowest-ever recorded Monero price was <strong>$0.22<\/strong> in January 2015.<\/p>\r\n<p>In the years since its launch, Monero has amassed the third-biggest developer community in the world, falling behind only Bitcoin and Ethereum (ETH). The exact number of developers involved in the project is unknown, although it’s believed to be hundreds.<\/p>\r\n<h2>What Are the Key Features of Monero?<\/h2>\r\n<p>Based on the protocol, <strong>Monero has an unlimited coin supply. <\/strong>This ensures the lack of scarcity of the privacy product. Although the Monero price is not directly impacted by the available supply in circulation, it’s susceptible to general market trends.<\/p>\r\n<p>The Monero crypto platform uses the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work (PoW)<\/strong><\/a> consensus mechanism to mine new coins. This system is also employed by Bitcoin which Monero directly competes against in the market. The platform aims to be completely decentralized and trustless. New blocks are mined roughly <strong>every two minutes.<\/strong><\/p>\r\n<p>Monero uses <strong>advanced cryptographic technology<\/strong> to ensure that the data related to both ends of the transaction is obscured. This makes it difficult and, in many cases, nearly impossible to track down the wallet addresses of the sender and the recipient.<\/p>\r\n<p>The platform has implemented several technologies that help obfuscate transaction data, including <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-ring-signature/">ring signatures<\/strong><\/a> and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-zero-knowledge-proof/">zero-knowledge proof (ZKP)<\/strong><\/a>. Besides, Monero uses a method of information concealment, known as <strong>Bulletproof<\/strong>, which proves that a transaction has taken place without revealing its actual value.<\/p>\r\n<p>Each transaction is conducted by using decoy transaction addresses, known as <strong>stealth addresses<\/strong>. They are single-use and help prevent external parties from linking different transactions to each other.<\/p>\r\n<h2>Monero and Criminal Activity<\/h2>\r\n<p>Monero has been linked with illicit online activities, malicious attacks, and other forms of cybercrime. The rise of criminal activities involving the privacy asset has been particularly notable with the increased attempts to set up cryptocurrency regulations. While some of the XMR price changes reflect some market trends, others are impacted by the negative press.<\/p>\r\n<p><strong>XMR coins are often used as a payment method on the darknet.<\/strong> Similar to how Bitcoin was used on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-silk-road/">Silk Road<\/strong><\/a>, Monero can be used to pay for illegal goods, such as drugs or weapons. However, unlike Bitcoin, XMR’s obfuscation technology makes it next to impossible to determine who the sellers and recipients are.<\/p>\r\n<p>Monero has also been used by various malicious parties, <strong>accounting for nearly half of all crypto-ransomware attacks in 2018.<\/strong> One of the biggest ransomware attacks involving Monero occurred in 2021. The hackers stole data from the US-based oil pipeline system Colonial Pipeline and demanded $4.4 million worth of cryptocurrency as ransom.<\/p>\r\n<p>Hackers have also involved XMR in the deployment of crypto-mining malware<strong>.<\/strong> Computers that are infected by such viruses contain hidden Monero crypto mining software which can slow down the processes and wear out the hardware faster. This method of hacking is also known as <strong>cryptojacking<\/strong>.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/monero-xmr-price","crypto_currency_info":{"id":8,"crypto_currency_id":179,"description":"Monero (XMR) is a cryptocurrency . Users are able to generate XMR through the process of mining. Monero has a current supply of 18,097,840.26495806. The last known price of Monero is 203.77446255 USD and is up 0.79 over the last 24 hours. It is currently trading on 171 active market(s) with $167,823,327.00 traded over the last 24 hours. More information can be found at https:\/\/www.getmonero.org\/.","tags":"[\"mineable\",\"pow\",\"medium-of-exchange\",\"privacy\",\"ringct\",\"boostvc-portfolio\",\"electric-capital-portfolio\",\"galaxy-digital-portfolio\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/328.png","original_links":"{\"website\":[\"https:\\\/\\\/www.getmonero.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/monero\"],\"message_board\":[\"https:\\\/\\\/forum.getmonero.org\\\/\",\"https:\\\/\\\/forum.monero.space\\\/\"],\"chat\":[\"https:\\\/\\\/telegram.me\\\/monero\"],\"facebook\":[],\"explorer\":[\"http:\\\/\\\/moneroblocks.info\\\/\",\"http:\\\/\\\/chainradar.com\\\/xmr\\\/blocks\",\"https:\\\/\\\/xmr.tokenview.com\\\/\",\"https:\\\/\\\/blockchair.com\\\/monero\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/monero\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/monero-project\\\/research-lab\\\/blob\\\/master\\\/whitepaper\\\/whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/monero-project\\\/monero\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=583449.0\"]}","links":"{\"website\":{\"getmonero.org\":\"https:\\\/\\\/www.getmonero.org\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/monero\",\"forum.getmonero.org\":\"https:\\\/\\\/forum.getmonero.org\\\/\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/monero\"},\"explorer\":{\"moneroblocks.info\":\"http:\\\/\\\/moneroblocks.info\\\/\",\"chainradar.com\":\"http:\\\/\\\/chainradar.com\\\/xmr\\\/blocks\",\"xmr.tokenview.com\":\"https:\\\/\\\/xmr.tokenview.com\\\/\",\"blockchair.com\":\"https:\\\/\\\/blockchair.com\\\/monero\"},\"technical_doc\":\"https:\\\/\\\/github.com\\\/monero-project\\\/research-lab\\\/blob\\\/master\\\/whitepaper\\\/whitepaper.pdf\",\"source_code\":\"https:\\\/\\\/github.com\\\/monero-project\\\/monero\"}","data":"{\"id\":328,\"name\":\"Monero\",\"symbol\":\"XMR\",\"category\":\"coin\",\"description\":\"Monero (XMR) is a cryptocurrency . Users are able to generate XMR through the process of mining. Monero has a current supply of 18,097,840.26495806. The last known price of Monero is 203.77446255 USD and is up 0.79 over the last 24 hours. It is currently trading on 171 active market(s) with $167,823,327.00 traded over the last 24 hours. More information can be found at https:\\\/\\\/www.getmonero.org\\\/.\",\"slug\":\"monero\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/328.png\",\"subreddit\":\"monero\",\"notice\":\"\",\"tags\":[\"mineable\",\"pow\",\"medium-of-exchange\",\"privacy\",\"ringct\",\"boostvc-portfolio\",\"electric-capital-portfolio\",\"galaxy-digital-portfolio\"],\"tag-names\":[\"Mineable\",\"PoW\",\"Medium of Exchange\",\"Privacy\",\"RingCT\",\"BoostVC Portfolio\",\"Electric Capital Portfolio\",\"Galaxy Digital Portfolio\"],\"tag-groups\":[\"OTHERS\",\"ALGORITHM\",\"INDUSTRY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/www.getmonero.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/monero\"],\"message_board\":[\"https:\\\/\\\/forum.getmonero.org\\\/\",\"https:\\\/\\\/forum.monero.space\\\/\"],\"chat\":[\"https:\\\/\\\/telegram.me\\\/monero\"],\"facebook\":[],\"explorer\":[\"http:\\\/\\\/moneroblocks.info\\\/\",\"http:\\\/\\\/chainradar.com\\\/xmr\\\/blocks\",\"https:\\\/\\\/xmr.tokenview.com\\\/\",\"https:\\\/\\\/blockchair.com\\\/monero\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/monero\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/monero-project\\\/research-lab\\\/blob\\\/master\\\/whitepaper\\\/whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/monero-project\\\/monero\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=583449.0\"]},\"platform\":null,\"date_added\":\"2014-05-21T00:00:00.000Z\",\"twitter_username\":\"monero\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88\",\"platform\":{\"name\":\"Secret\",\"coin\":{\"id\":\"5604\",\"name\":\"Secret\",\"symbol\":\"SCRT\",\"slug\":\"secret\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:16.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"},"social_profile":{"id":175,"profilable_type":"CryptoCurrency","profilable_id":179,"twitter":"{\"name\":\"Monero (XMR)\",\"username\":\"@monero\",\"follower_count\":483540,\"following_count\":17,\"tweet_count\":5780,\"created_at\":\"2014-05-05 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"stars\":8308,\"watchers\":496,\"forks\":3593,\"language\":\"C++\",\"license\":\"Other\",\"repo_name\":\"monero-project\\\/monero\",\"repo_link\":\"https:\\\/\\\/github.com\\\/monero-project\\\/monero\",\"public_repos\":18,\"bio\":null,\"type\":\"Organization\",\"username\":\"monero-project\",\"user_link\":\"https:\\\/\\\/github.com\\\/monero-project\",\"created_at\":\"2014-04-30 00:00:00\"}","telegram":null,"domain":"{\"domain_rating\":80,\"ahrefs_top\":12721,\"traffic\":81131.05444222495,\"website\":\"https:\\\/\\\/www.getmonero.org\"}"},"buy_page":{"id":8,"crypto_currency_id":179,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/kraken","slug":"monero-xmr","created_at":"2020-12-29T08:37:49.000000Z","updated_at":"2024-01-10T08:05:28.000000Z","content":"<h2>Where to Buy Monero (XMR)?<\/h2>\n<p>One of the top places to buy Monero is <a href=https://www.bitdegree.org/"//crypto//goon//kraken/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Kraken<\/strong><\/a>. Buying Monero on established crypto exchanges has many benefits. For one, it's a <strong>secure way<\/strong> to buy XMR because Kraken has rigorous security standards.<\/p>\n<p>Secondly, buying crypto on Kraken is very <strong>easy and convenient<\/strong>. You can do that on both - desktop and mobile versions of the platform. The process is beginner-friendly and only takes a couple of minutes.<\/p>\n<p>Lastly, Kraken is one of the top places where to buy Monero because it offers <strong>exceptional customer support service<\/strong>. Thus, you'll never be left hanging if you face any issues while trying to buy XMR.<\/p>","middle_cta_text":"Buying Monero with credit or debit cards does bring a lot of perks to the table. Most of these perks, however, revolve around the simplicity and speed of such transactions. If you buy XMR with debit card instantly, you can expect to receive your coins in but a few minutes from starting the transaction, most of the time. It\u2019s also a very straightforward process to follow - you shouldn\u2019t run into any difficulties or confusing issues. Finally, buying Monero with fiat money is one of the safer ways to do it - this is especially true if you use a high-end exchange.","introduction":"People who buy Monero with a credit card usually fall into a very specific group of crypto enthusiasts - namely, those who are concerned with the privacy and anonymity of their transactions. Monero and similar altcoins are centered around these two specific aspects.","reasons":{"titles":["The Most Private Cryptocurrency on the Market","Advanced Scalability Features","Intricate Public Key Technology","A Huge Range of Trading Pairs","What Can Monero & Similar Altcoins Be Used For?"],"texts":["If you decide to buy XMR with credit card instantly, you\u2019ll be supporting one of the most (<em>if not THE most<\/em>) <strong>privacy-oriented cryptocurrencies<\/strong> on the market. Monero allows you to remain completely anonymous while performing your cryptocurrency transactions online.","Something that\u2019s extremely important for all successful cryptocurrencies on the market is <strong>scalability<\/strong>. Choosing to buy Monero with a debit card, you should be aware of the fact that it\u2019s actually <strong>a very scalable crypto coin<\/strong> - the transaction speeds are going to be great!","Monero offers users some <strong>advanced public key sharing technology<\/strong>. If you buy Monero with a credit card and then use it as payment with your transactions, you\u2019ll be able to share that transaction information with the parties that you wish to do so. This means that you can remain anonymous in a general sense, and still let a select group of people know about your transactions.","Choosing to buy XMR with credit card, you\u2019ll open up a huge world of different crypto trading pairs. What this means is that you\u2019ll be able to <strong>trade your Monero coins for other cryptos<\/strong> - coins that you might not be able to purchase with different means, fiat or otherwise. That\u2019s definitely a legitimate reason to buy Monero with a debit card instantly!","Monero (<em>and similar altcoins<\/em>) have one, core feature that they serve - to provide users with <strong>the highest level of privacy and anonymity<\/strong> that crypto technology can bring. Buying Monero and then using it in your transactions, you\u2019ll be able to retain complete control over your own, private and identifiable information."]},"benefits":{"texts":["Once you buy Monero with a credit card, you\u2019ll have a few different options of how you can use your new coins. One of these options would involve <strong>trading XMR for some other cryptocurrency<\/strong>! As mentioned already, Monero is a popular crypto coin - in return, this means that you\u2019ll be able to trade it for <a href=https://www.bitdegree.org/"//crypto//best-altcoins/">many different altcoins<\/a>, on some of the most-reliable exchanges on the market. Check out some trading pairs, and start trading!","Monero is <em>a super privacy-concerned cryptocurrency<\/em> - that\u2019s a fact. However, in order to use the coin correctly, and be sure that nothing will happen to your assets once you\u2019ve decided to buy XMR with debit card, you\u2019ll need to use <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">a high-end cryptocurrency wallet<\/a> for storage. We\u2019d recommend using <strong>a hardware wallet<\/strong> - namely, your best options are going to be either <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//ledger-nano-x/" target=\"_blank\" rel=\"nofollow noindex noopener\">the Ledger Nano X<\/a>, or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//trezor-model-t/" target=\"_blank\" rel=\"nofollow noindex noopener\">Trezor Model T<\/a>. Make sure your cryptos are safe!","Many people who buy Monero with a credit card instantly might be doing so in order to then <strong>spend the coins for some specific goods or services<\/strong>. This is the case simply because they\u2019d like to remain anonymous while doing so - whether it be due to a wish to protect their privacy, hide their personal information, or else. If you\u2019re an XMR fan, and do a lot of shopping online, spending Monero might just be the way to go!","One of the biggest attractions of why people buy Monero with debit cards is the fact that they can then <strong>send the coins to their friends or relatives in a completely discreet and anonymous way<\/strong>. The other person(s) should naturally have <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">an appropriate wallet<\/a> where they could store the XMR coins in, but once you have that sorted, you can be sure that the whole transaction procedure is going to be completely and utterly private.","A very popular reason why crypto enthusiasts nowadays buy Monero with a debit card is because they want to <strong>invest in the coin and the technology behind it<\/strong>. With crypto markets, in general, experiencing some unprecedented price swings, it makes perfect sense, too! Selling Monero some time after buying it can be pretty risky, but it can also grow your financial portfolio, too. Make sure to consult with a financial expert!","Something that is often underestimated is the importance of you taking the time and studying Monero\u2019s technology, and <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">the cryptocurrency market<\/a>, in general. Sure, you could just go out and buy XMR with credit card instantly, but if you do also put some time aside in order to study blockchains and the intricacies of Monero even further, you\u2019ll develop a much better understanding of how things work - check out <a href=https://www.bitdegree.org/"//crypto//tutorials/">our guides<\/a>, if you\u2019re interested!"]},"faq":{"answers":["<a href=https://www.bitdegree.org/"//crypto//monero/">Monero/strong>/a> is the blockchain technology behind the cryptocurrency called <strong>XMR<\/strong>. In its own right, Monero is focused on one, single aspect - <strong>privacy<\/strong>. It aims to be <strong>the most private and anonymous cryptocurrency on the entire crypto market<\/strong>, allowing its users to participate in completely anonymous, yet safe transactions online. All of this is very important to know for anyone who’s interested in purchasing XMR coins!","If you’re looking to buy Monero with debit card, you probably already know that this particular crypto in question is <strong>one of the most privacy-concerned coins on the whole market<\/strong>. It’s actually the main feature that makes Monero stand out of the crowd of other coins, too - <em>few <strong><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">cryptocurrencies/a>/strong> out there offer such anonymity as XMR.<\/em>","For starters, the obvious - Monero is <strong>completely private<\/strong>, and using it will allow you to perform anonymous transactions that cannot be traced back to you. However, the technology behind this coin does allow you to <strong>make some select transactions public<\/strong> - this is amazing for any company that wants to use Monero, but still declare their financial dealings to relevant institutions. XMR is also <strong>highly liquid<\/strong>, which means that you shouldn’t face any issues <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">trading the crypto coin on an exchange<\/strong><\/a>.","The primary use of Monero is to <strong>advance the concept of decentralization<\/strong>, and allow holders and cryptocurrency enthusiasts to <strong>maintain their privacy and anonymity while performing<\/strong> (<em>or participating in<\/em>) <strong>transactions online<\/strong>. If you’re a huge crypto enthusiast and advocate user data privacy as one of the core features of <a href=https://www.bitdegree.org/"//crypto//tutorials//blockchain-explained/">the cryptocurrency technology<\/strong><\/a>, then chances are that you’ll want to buy XMR with a credit card.","Monero has huge value to those who want to keep their privacy <em>in-tact<\/em> while buying or selling something online, or simply <strong>sending or receiving cryptocurrencies<\/strong>, in general. Even if you’re not looking to <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">invest in the crypto coin<\/strong><\/a> while buying Monero with a debit card instantly, the aforementioned fact means that there will always be a demand for XMR, and thus, it’s certainly worth checking out and utilizing.","Same as <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">most other cryptocurrencies<\/strong><\/a>, XMR can be bought in a few different ways. You could always purchase it from an individual person, or trade other cryptocurrencies for XMR coins. That being said, the best way to go about it is to <strong>buy Monero with a credit card<\/strong>. This guarantees that your transactions are going to be <strong>secure<\/strong> (<em>granted that you’re using a high-end cryptocurrency exchange, of course<\/em>), <strong>fast<\/strong>, <strong>and as simple as they can be<\/strong>. <em>Perfect for beginner traders and experts, alike!<\/em>"],"questions":["What is Monero?","How does Monero differ from other cryptocurrencies?","What are the main features of Monero?","What can Monero be used for?","Is Monero worth buying?","What is the best way to buy Monero?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-monero-xmr"},"halving_page":null}"
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