Buy Monero 2021 – Our guide to buying XMR safely & cheaply!

Table of Contents

 Since 2014 there has been a very special online currency: Monero. 

The specialty : With this privacy coin, the main focus is on data security and the anonymity of the users. Here's how and where to best buy / sell Monero !

You can also find out important information about which exchanges are available and whether you can also get the XMR Coins with PayPal, Credit Card and other payment methods

 

Buy Monero: What should you look out for in order to buy Monero cheaply & safely?

Since Monero has some differences to Bitcoin in terms of privacy, scalability and data security , there are also some differences in buying / selling. Above all, one should pay attention to the following factors:

  • Where are the best places to trade Monero? Our recommendation is clearly in favor of Capital.com. In contrast to many other providers in the market, the broker has an extremely low fee model and offers access to trading in CFDs.
  • Should I hold Monero for the long term, use it for IoT applications or speculate on the course? How best to deal with Monero depends on my own investment goals. If you believe in a glorious future, then a long-term strategy makes perfect sense. In that case, it is worth buying the tokens directly and stowing them in a wallet.
  • How does a Monero wallet work? The wallet is the digital purse. It is used to store the cryptocurrencies, but also gives the user the address for sending and receiving the coins. There are different types of wallets that are best studied separately.
  • Is it worth investing in Monero? Monero is undoubtedly interesting. Investors should keep in mind that cryptocurrencies are always high-risk investments. Often these have paid off in the crypto industry. Unfortunately, this does not give any guarantees for future developments.

 

 

How to buy Monero with Euro in Germany? Buy Monero Beginner's Guide with Capital.com

If you have decided to trade Monero, we will now show you in detail how to add Monero to your portfolio. We use the broker Capital.com for this, as it stands out in terms of customer support, security and secure payment options such as PayPal.

First step: Registering with a CFD broker

First, you register with a broker.

For our example we have chosen Capital.com, because here we can buy / sell Monero with the best customer support, EU coverage up to € 20,000 and with many payment options.

First, let's click the link to register from Capital.com:GO TO CAPITAL.COM REGISTRATION FORM

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

In the form you wear email OR phone number and a password  and accept the Terms and Conditions:

Capital.com registration

We then receive an email or SMS for verification in which we click on the link to confirm the account.

Second step: top up your account

If you previously had your account as a test account, you still have to confirm your data. Simply fill out the questionnaire.

Every CFD broker in the EU is legally obliged to check their customers in order to enable EU buyer protection. To do this, simply answer a few quick questions.

Your account will then be activated if you have not already done so. Now click on “Funds” on the left and a selection window will appear. There you can make deposits and withdrawals. Select the item “Deposits” and deposit the desired amount using the desired method such as PayPal.

Capital-com deposit

Buy / sell Monero with PayPal, Sofortüberweisung and more

In our example we show trading with credit cards. Capital.com also offers other ways to deposit :

Payment option Capital.com
Buy / sell Monero with credit card ✔️
Buy / Sell Monero with PayPal X
Buy / sell Monero with SOFORT Überweisung ✔️
Buy / Sell Monero with Rapid Transfer X
Buy / Sell Monero with Skrill ✔️
Buy / sell Monero with wire transfer ✔️
Buy / Sell Monero with Neteller ✔️
Buy / sell Monero with UnionPay X

Third step: Buy Monero online with euros

Now that we have funded our account, we can begin the actual Monero buying / selling . To do this, we click in the search field above and enter “XMR” there.

Then we go down to the “Buy XMR” field and enter the amount for which we want to buy Monero or “Sell XMR” if we want to sell.

Capital-com buy Monero

Then we have the Monero in our portfolio, the trade is complete!TO REGISTER AT CAPITAL.COM

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Buying Monero with Euro in Germany: Are there differences in Switzerland & Austria?

trade bitcoin for free

As a decentralized commodity , it shouldn't make a big difference which country you're operating from. So you can easily buy Monero with euros through the broker Capital.com.

This works in Germany as well as in Austria and Switzerland. But let's dig a little deeper into the matter.

Because if you take it seriously, you should also clarify tax issues . Since three different authorities are responsible, it is important to carefully check which information has to be provided. A tax lawyer can help here.

A blanket answer for Germany, Switzerland and Austria and the purchase of Monero with euros is unfortunately not possible.

Buy Monero at Bitcoin.de , Coinbase, Binance, Bison & Comdirect – Why we alternatively recommend Capital.com

As you can see from the overview above, there are several providers on the market. So why do we recommend Capital.com of all places?

We can best explain this question by comparing different trading platforms that offer similar but not always the same services.

BITCOIN.DE

Bitcoin.de logo

Bitcoin.de is a German platform that has established itself as a good crypto exchange. The valuation relates primarily to Bitcoin, but not to less traded tokens such as Monero.

So you can't buy Monero here, which is why Bitcoin.de is dropped from the selection of the best providers for XMR.

COINBASE 

Coinbase logo

Basically, Coinbase's offer is very attractive. Ease of use is really in the foreground here.

But that doesn't help us, as we could n't find any Monero coins even after intensive research .

And so we have to keep looking, since Coinbase as a Monero provider is also failing.

BINANCE

Binance logo

Binance is considered the world's largest crypto exchange. So we are finally dealing with a provider who can show different XMR currency pairs.

These include, for example, trading pairs with the Binance Coin, with Ethereum or with Bitcoin.

However , the platform still lacks an EU license . You can rely on a Chinese company, which we can only recommend to a limited extent.

BISON

bison app

We would also like to mention bison . After all, this is a German offer from the Stuttgart Stock Exchange . So you can expect a lot of quality, right?

Basically yes, but not when it comes to trading Monero. The cryptocurrency is simply not included in the offer.

COMDIRECT

comdirect logo

One or the other crypto index can actually be found in the portfolio of comdirect Bank. However, coins from the second row are often neglected. So we don't find any way to invest in Monero here .

But we really didn't expect this either.

Capital.com

Capital-com logo

Capital.com can simply bypass the weaknesses of the other platforms.

Although you enter into a compromise with CFD papers, you are legally on the safe side and even get the opportunity to trade with the XMR crypto currency.

Our recommendation for the broker is correspondingly clear.BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Should you buy Monero or not? Our reasons for buying!

No other privacy coin convinces as many investors as Monero. With its ingenious system of ring signatures and stealth addresses, Monero has become one of the best established cryptocurrencies on the market – the good ranking on CMC testifies to this: According to Marketcap, Monero ranks 12th there in December 2018. For the current ranking, visit  CMC .

Should the crypto exchanges experience a hype again, it can almost be considered certain that Monero will benefit from it, probably more than other privacy coins such as  Verge or Zcash . The spread of Monero as a means of payment, for example in the Dark Net and generally for confidential financial transactions, suggest that the crypto currency will be of relevance for a long time to come.

From our point of view, there is little that speaks against investing in Monero – apart from the general volatility of the cryptocurrency market. In view of the very low prices in December 2018 compared to the previous year, the time for an investment in Monero could be just the right time. It is also conceivable, however, that prices will fall even further and that renewed hype will not arise.

Buy Monero as CFD or real cryptocurrencies?

Our guide to a Monero investment should make it clear that there are basically two different ways to approach the investment.

So you can either use CFD papers or buy the real cryptocurrency. But what is now suitable for whom?

Basically, we can definitely recommend CFD trading, also because you can use the EU-licensed broker Capital.com for this.

So you move on regulated terrain and find yourself in a familiar environment. A wallet is not even necessary and you don't need a lot of technical knowledge to handle the digital currencies.

What are Monero CFDs?

information

Now we advise you to invest in Monero at Capital.com , a broker that primarily knows its excellent CFD offers .

But what is a Monero CFD anyway? If you are completely new and inexperienced in this field, then it is worth taking a look at our guide on CFD trading .

But here, too, we want to give a brief overview of how trading works in this way.

CFDs are so-called derivatives. These commodities are purely financial products that use the price of certain assets as an underlying.

So you can either bet on rising or falling Monero prices without having to buy the cryptocurrency yourself. This of course reduces the capital to be used, but is also associated with an increased risk of loss.

Ultimately, the return is the difference between the price when the position was opened and the closing price.

On the other hand, such CFDs are primarily suitable for day traders who already have some trading experience . The commodity can involve high risks, also because fees can be incurred when holding positions.

So here you should know what you are doing. Beginners should first open a trading demo account before they dare to trade with real money.BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Monero Trading – Should You Hold Monero Long-Term or Trade Short-Term?

Time

In Monero Trading, one asks oneself whether long-term or short-term strategies are better . This is also about the chosen commodity.

The subject has already been dealt with a few times on this page, but we would like to mention it again for the sake of completeness.

The CFD positions are particularly useful for short-term investments . Longer deals are possible, but not always recommended because overnight fees can be incurred.

So if you want the cryptocurrency itself and want to tie it into your own portfolio in the long term, you should open a Monero wallet and store the tokens there.

Does it make sense to invest in Monero?

Whether a Monero investment actually makes sense in the end depends on the one hand on your own expectations and investment goals, but on the other hand clearly on the return.

Before starting a potential trade, you must first define your own goals. Perhaps you are more interested in the technology itself and would like to take advantage of the coins one day.

Then the coins could still be available cheaply now. However, such developments are still a long way off and so let's take a look at alternative assets from the crypto sector that are also attractive.

Buy bitcoin now

Bitcoin logo

You don't really have to introduce the big Bitcoin anymore. As the first crypto currency ever, the BTC token still has the largest market capitalization and is the big draft horse of the entire industry.

Buy Cardano now

Cardano logo

Cardano is something of the cryptocurrency of the hour. For a long time in the shadow of the largest digital currencies, the Ada Coin from Cardano has meanwhile developed into a notable competitor. So-called smart contracts on the blockchain are possible here.

Buy IOTA now

iota logo

Iota is our popular cryptocurrency from Germany, more precisely from Berlin. Instead of the blockchain, a so-called tangle comes into play, which has so far been particularly popular in industry. Again and again new projects and co-operations become known, which give hope for the best.

Buy Ripple XRP now

Ripple logo

Do you like it a little riskier? Then Ripple could be for you. The company behind the XRP token is currently involved in landmark disputes with the US stock exchange regulator. Should the whole thing go well, big price gains should wait.

Buy classic stocks now

logo

The corona crisis has allowed states to pump a lot of money into all markets. There is a threat of inflation, and financial history has shown that stocks in particular have a certain stability in value. In this respect, there is a somewhat more stable alternative to crypto currencies.BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Buy or Sell Monero? Our advantages and disadvantages analysis

There are various arguments in favor of investing in Monero . However, we also want to look at the other side and look at the counter arguments for an investment.

First of all, we are dealing with an extremely experienced development team . This is of essential importance for technology and not every crypto currency is equipped with so much know-how.

As a so-called privacy coin, special attention is paid to data protection and the anonymity of the user. It has long since set itself apart from other tokens that only guarantee apparent anonymity.

All in all, Monero has been established in the market for some time now, which somewhat reduces the risk of the system.

  • Good development team
  • Best established privacy coin on the market
  • Excellent protection of sender and recipient identities
  • Overall, well-established cryptocurrency

  • General risk of the investment

BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Monero (XMR) is a decentralized, blockchain-based cryptocurrency that, as a privacy coin, focuses on data security and the anonymity of its users. In this alone, Monero differs significantly from Bitcoin. Other special features of the Altcoin Monero are the self-developed proof-of-work algorithm CryptoNight, the particularly high scalability, and the decentralized mining of the coin: Monero's storage affinity ensures that specially manufactured mining devices have no advantage over standard home PCs – different than for example with Bitcoin. That is why Monero is also suitable for private individuals for mining. The word “Monero” is taken from the planned language Esperanto and means something like “coin” or “currency”.

According to Monero, over 240 developers were already involved in the project, around 30 of which are referred to as the “core team”. Monero was created in 2014 and has been able to build a stable user base in the past thanks to its reliability and functionality. Over 1.4 billion euros are currently invested in Monero. (Market capitalization – Monero) Thanks to the technology used, Monero encryptions are virtually unbreakable and the transactions are therefore particularly confidential.

The Monero difference

Ring and stealth

Monero uses so-called ring signatures and stealth addresses to protect the identities of both the sender and the recipient of the  cryptocurrency  . Ring signatures publish part of the account key and combine it with public keys from the Monero blockchain. It is therefore impossible for third parties to distinguish which key segments refer to the identities of the participants and which do not. Outsiders can see the transactions on the Monero blockchain, but cannot assign them to anyone.

Monero is therefore often used as a means of payment for illegal goods and substances in the dark net as well as presumably a large number of other financial processes that belong to the illegal spectrum. Monero has been used by holders of other cryptocurrencies since 2014 to make transaction relationships unrecognizable, for example by initially exchanging Bitcoin for Monero, which in turn is sold for Bitcoin after a while and then sent to an address that has not been used until then.

Buy / Sell Monero now at Capital.com

  • Excellent 24/7 customer support
  • EU buyer protection
  • Leverage up to x30
  • Simple user interface

TO THE CAPITAL.COM WEBSITE

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Monero wallets: which wallets are useful for storage?

What about the need for a Monero wallet ? Crypto currencies are also characterized by the fact that they are managed in such digital wallets.

Without an electronic wallet, there will be no way to manage, send or receive the cryptic values. If you want to own Monero, you will not be able to avoid looking for a wallet provider .

Since some criteria must be observed here that would go beyond the scope of this article, here is the link to the wallet comparison :TO THE MONERO WALLET COMPARISON

Historical Monero Course: Important Milestones in Monero History

The cryptocurrency has already had a few highs and lows. We show the most important milestones in the history of Monero.

Historical Monero price history

  1. The first Monero Coins were issued in April 2014 for around 16 euros
  2. Due to the hard fork of the new crypto currency MoneroV and the generally flourishing crypto market, Monero wins and jumps from € 90 to an incredible € 400 .
  3. Like all cryptocurrencies, Monero suffers from the slump in Bitcoin and falls to € 80.
  4. Due to the payment option for popular games such as Fortnite, Monero continues to gain in importance and has been leveling off at € 100 to this day.

BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

What does 1 Monero XMR token currently cost?

What does 1 Monero currently cost? You can logically only present a snapshot, which we do with the TradingView chart above.

Here the price for a Privacy XMR Coin is shown in relation to euros. The price is often shown in USD dollars.

Buy Monero Paypal: Where To Buy Ethereum Using Paypal

Paypal logo

This page is all about buying Monero . Again and again one is confronted with the question of whether it is possible to use PayPal for an investment .

The short answer is yes. In any case, we recommend a CFD broker with Capital.com that has PayPal integrated as a payment method. You are limited to derivatives, but these are sometimes very suitable for Monero trading.

With real tokens, the situation gets trickier. Although the payment service provider has now integrated crypto currencies, the company is referring to the largest digital currencies such as Bitcoin or Ethereum.

So if you want to buy Monero with PayPal, you can do so if trading is the main focus. If not, you have to use other payment methods.

Is it possible to buy Monero anonymously?

anonymity

Monero advertises its crypto currency with the extraordinary anonymity , which is said to be significantly higher than other digital currencies. Accordingly, the coin is a so-called privacy coin.

If you complete a transaction in the network, it is hardly possible for third parties to understand who has sent how much to whom. So it is quite possible to buy Monero anonymously . However, the question arises as to where to do that.

Even larger exchanges without an EU license and the obligation of certain regulations now require their users to provide certain data.

If you then buy a Monero token, the transaction is at least known to the operator of the platform. So if you go a little further in search of other options on the Internet to actually buy Monero anonymously, you will find yourself on extremely thin ice.

We advise against such investments , as it can often lead to fraud in this regard. In this respect, it is better to give your data to everyone as part of a verification, and then invest securely and seriously via Capital.com.

Can you buy Monero without verification?

VideoIdent

In the meantime, verification has also found its way into the cryptocurrency market. Be it Coinbase, Binance or other cryptic providers, you have to confirm your account or your identity in some way .

This is also intended to prevent international money laundering. So if you want to buy Monero without verification, then my problem could arise. We will clarify why this is so in the next paragraph.BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Can you buy Monero without registering?

We don't want to repeat ourselves too often. Who asks about the verification, often means a complete registration.

How nice it would be if you could find an offer online and get Monero Coins without entering any further data or creating an account.

But the reality looks different. Safety first and therefore the various platform operators require registration.

Buying Monero without registration is theoretically only possible if you can contact friends or acquaintances who have an XMR credit. Then you could buy their coins from them.

Can you buy Monero offline?

Buy crypto offline

If you use the method described above, you can also buy Monero offline. Nevertheless, it is questionable that someone will be found who has cryptocurrencies in their portfolio at all.

If you actually find someone who still owns Monero and wants to sell his tokens, then you can buy XMR offline.

This is also the only path that we can recommend with a good heart. There are no ATMs for Monero , as we know them from Bitcoin, for example.

Should you discover offers on the Internet, be it on the dark web or in classified ads, then you should avoid them as soon as possible.

Too often there is crypto fraud, which is even more difficult to uncover, especially with Monero, as the fraudsters can remain quite anonymous.BUY MONERO NOW

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Alternatives to Monero: trade other cryptocurrencies or stocks

In various forums people like to discuss how to trade Monero stocks. Such interested dealers are a little ahead of their time.

So far, Monero has actually had to be content with tokens . But it is not said that one should not be given the opportunity in the future. In order to be kept up to date, it is worthwhile to regularly check out the news in the crypto scene.

Alternative 1: Monero stocks

One option would be to invest now in corporations that have started a cooperation with Monero . Such as Tencent or the Epic share

  • Epic Share : Through the partnership with Epic Games Studio, it is possible to buy games like Fortnite with Monero. This is how these two stocks are related.
  • Tencent shares: Tencent is invested in many companies which issue games and which can be paid for with Monero. It can be assumed that the success of Tencent shares will continue to have a positive impact on Monero and will gain even more acceptance.

Alternative 2: Opportunities in the field of cryptocurrencies

Otherwise there are also other cryptocurrencies that have potential :

  • Buy Bitcoin : The top dog among cryptocurrencies is seen by many as the “digital gold” and one of the most stable cryptos.
  • Buy Ripple : With the support of many banks, Ripple is a good alternative to Monero
  • Buy Ethereum : Ethereum is the solution for smart contracts and, in the broadest sense, follows an approach similar to Monero

Alternative 3: crypto stocks

Another alternative are crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have so far posted strong profits.

  • Bitcoin stocks : If you think that Bitcoin will outperform Monero, Bitcoin stocks are a good alternative
  • NVIDIA stocks : NVIDIA manufactures important graphics chips especially for mining – if the crypto boom continues, NVIDIA is certainly a good investment

How to Resell Monero: Our Guide to Capital.com

Capital.com logo

At the beginning of this page we dealt with the topic of buying Monero and presented you with instructions.

Now let's check how to sell Monero again. So there is another guide at the end.

First step: Register at Capital.com

If you have not yet registered, the first thing you should do is create an account. Then you use the login window to get to the trading overview with your user name (email) and password .

Capital-com registration

Second step: Navigate to the trading window

Now we have to navigate to the cryptocurrency. It's easy to do by typing either “Monero” or “XMR” into the appropriate search field.

Capital-com buy Monero

You can of course also use the general overview of the crypto markets to simply scroll through the offer.

Finally, there are other digital currencies as well.

Third step: close a Monero short or buy position

After dealing with CFDs, we now have two options to actively sell Monero. The first option doesn't even require a previous investment in XMR.

One speaks of so-called short positions . These are made possible by means of derivatives, even if you do not own the assets. One hopes for a price decline in order to benefit from it.

Capital-com sell Monero

The other possibility is if you have previously opened a buy position. To realize profits (or minimize losses), you close this buy position.

The difference between the opening and closing prices is then entered into the account.TO REGISTER AT CAPITAL.COM

67.7% of retail investor accounts lose money trading CFDs with this provider. CFDs are complex instruments that have a high risk of losing money quickly due to leverage.

Conclusion: buy Monero or not?

Monero is an exciting cryptocurrency. After intensive research, it became clear to us that the best way to invest is through CFDs from the broker Capital.com.

This is particularly suitable for short-term positions that in some cases enable strong returns . However, you should always pay attention to a balanced portfolio and a healthy risk distribution.

The Privacy Coin is particularly good in a multi-asset portfolio that may consist of cryptocurrencies as well as other assets, such as stocks. Capital.com offers attractive access to all of these goods.

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