How to Buy Monero in the UK 2023

LocalMonero is one of the most popular ways to buy XMR. The peer-to-peer how to buy monero trading platform was built by a group of Monero enthusiasts in 2017.

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• Monero’s unique value proposition lies in its privacy feature.
• The latter option is the preferred choice for most investors, because that way, you get to store the crypto in a wallet over which you have control.
• To purchase Monero, you will need at least Tier 2 verification and to provide your name, date of birth, phone number and address.
• XMR was trading at £130 at the time of writing, down from its May 2021 peak of £340.
• Thus, profits can be directly transferred to the right wallet.
• Some exchanges that provide Monero are HitBTC, Binance, and Kraken.

This is perhaps unsurprising when you consider the anonymity prevents those you pay, such as a landlord, having access to your overall financial picture. There aren’t too many exchanges where you can buy Monero. For example, Coinbase is not an option, despite it being the most popular digital currency exchange.

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It isn’t the only coin that offers these privacy features, however. The likes of Dash and Zcash are similarly privacy-focused, while there are a lot of Bitcoin alternatives like Litecoin that try to solve issues with the top dog. Read more about how we rate, rank and review platforms. If you’d like to file an allegation of infringement, you’ll need to follow the process described in our Copyright and Intellectual Property Policy. Send me exclusive offers, unique gift ideas, and personalised tips for shopping and selling on Etsy. Etsy is no longer supporting older versions of your web browser in order to ensure that user data remains secure. HiDrive Cloud StorageSecure and share your data on the go.

If you’re still struggling after reading our guide, contact us here. Much like other cryptocurrencies, there was a fair bit of movement in XMR to begin with. In other words, as long as people trading in the crypto just do one thing at a time, then Monero is still complying with the travel rule. https://www.tokenexus.com/ The privacy offered makes Monero attractive for traders when compared with other cryptocurrencies. This is a critical step, and make sure to double-check that the withdrawal is done to the accurate address. That way, you can prevent a costly mistake that can result in a wasted investment.

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Then, it’s just a case of exchanging Bitcoin over to Monero – which at Binance, will cost you a commission of just 0.1%. Because Monero is becoming more and more difficult to find on crypto exchanges with a fiat currency, this double conversion method is your best bet.