What Is XMR? How to Buy Monero? How to Convert to Any Cryptocurrency?
What Is XMR?
XMR uses the CryptoNote protocol, which is based on ring signatures. In addition, the blockchain uses the technology of hidden addresses and additional obfuscation of transactions. As a result, all transactions in the system are completely anonymous: it is almost impossible to establish the sender, recipient and transaction amount.
Why Monero Is Better Than Bitcoin
In addition to the almost complete opacity of transactions, Monero has other advantages over Bitcoin. Among them:
● Energy efficiency. Mining Monero is less energy intensive than Bitcoin vs Litecoin mining.
● Flexible block size limit. The creation of a Monero block takes about 2 minutes, which means that transactions are verified faster than in the Bitcoin blockchain.
● Further enhancing the level of confidentiality. Monero plans to launch the Invisible Internet Project. The introduction of I2P will make it possible to hide not only transactions, but also the very fact of using Monero.
How to Buy Monero
If you know where to go, it is not difficult to buy Monero. Moreover, XMR can be bought in several ways. The easiest way to act is for those who already have Bitcoin or Ethereum. Converting these coins to XMR is available on many custodian exchanges, notably HitBTC, Kraken and Exmo. You will need to choose an exchange with the conditions that are most suitable for you and create an account. In addition, many sites will require an account confirmation.
Also note that all exchange transactions are performed with fees. The main advantage of custody services is a wide range of payment methods. Such sites often provide for the possibility of direct exchange of fiat currency for digital. Replenishment of a dollar deposit is possible in different ways: by bank transfer, from a credit card, through electronic payment systems.
It is much easier to buy Monero using the capabilities of the Letsexchange non-custodial service. All transactions are performed without registration and are completely anonymous.
There are no commission fees and restrictions on the number and amount of transactions on the platform.
To buy XMR just go to the trade widget and follow these steps step by step:
● In the upper field, select the coin to sell and enter the amount.
● In the lower field, select the XMR to buy in the same way. The search for the most favorable current exchange rate and all necessary calculations are performed automatically.
● Enter the address of your wallet for crediting the exchanged funds.
● Make the deposit.
How to Convert XMR to Other Cryptocurrencies
Converting XMR to ANKR or another cryptocurrency follows the same algorithm. All the differences in the process come down to filling in the fields of the widget. To exchange XMR for the assets you need, select Monero in the upper field of the widget, and in the lower field, indicate the name of the coin you are interested in.
You do not need to look for a trading platform where the cryptocurrency pair you need is traded - this will be done automatically by the smart search system. The LetsExchange platform supports about 300 coins and tokens and the conversion of any pair is performed in a matter of seconds.
Read more : http://www.hsvbuddies.com/blog/cheating-and-getting-cheated-on-information-to-know/
LetsExchange is a one-stop multicurrency exchange service free of registration, limits, and complications.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What Is XMR? How to Buy Monero? How to Convert to Any Cryptocurrency? here
News-ID: 2448746 • Views: 1051
More Releases for Monero
TapJets - Private Jet Instant Booking Platform now accepts Monero ($XMR) as a pa …
TapJets - Private Jet Instant Booking Platform now accepts Monero ($XMR) as a payment form and stops accepting Ripple ($XRP). Since its inception, TapJets accepted cryptocurrency as a form of payment for flights and services. Given our clients' heightened desire for confidentiality, the Monero is the best payment form to meet these needs. HOUSTON, TX – March 3rd, 2021, since its formation in late 2015, TapJets has offered clients an option
What’s driving the Crypto-Currency Market growth? With Top Profiled – Bitcoi …
The ‘Crypto-Currency Market’ research report assembled by Market Study Report, LLC, delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business. The 2018 study has 299 pages, 78 tables and figures. Worldwide markets are poised to achieve continuing growth as
Crypto-Currency Market Size Detail Analysis focusing on Key Players like Bitcoin …
The Crypto-Currency market study formulated by Market Study Report, LLC, presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. The study explicitly illustrates the competitive standing of key players over the projected timeline while incorporating their individual portfolios & geographical expansion. The 2018 study has
Global Crypto-Currency Market Size Brief Analysis by Top Key Players - Bitcoin, …
This detailed presentation on ‘Crypto-Currency market’ accumulated by Market Study Report, LLC, features an exhaustive study conveying influential trends prevailing in the global business sphere. The report also presents significant details concerning market size, market share and profit estimations to offer an ensemble prediction about this business. Moreover, this report undertakes an accurate competitive analysis emphasizing growth strategies espoused by market leaders. The 2018 study has 299 pages, 78 tables and
Crypto-Currency and Cyber-Currency Market to 2018 - 2024: Bitcoin, Ethereum, Rip …
Researchmoz added Most up-to-date research on "Crypto-Currency and Cyber-Currency: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024" to its huge collection of research reports. The 2018 study has 299 pages, 78 tables and figures. Worldwide markets are poised to achieve continuing growth as the advantages of digital currency move away from the drug dealers and the criminals to mainstream activities like supply chain management and IoT communications. Cyber
Cryptocurrencies Market in Terms Of Revenue: Worldwide Key Vendors Bitcoin, Ethe …
In fairness, all currencies are a confidence trick. The US dollar, British pound, and the Euro all depend on nothing more than market confidence for their value. The extent to which a currency works effectively is a function of a range of factors and this report sets out to determine whether cryptocurrencies represent a serious alternative to the established fiat currencies and tests some the claims made on behalf of