Monero (XMR) is an innovative cryptocurrency based on blockchain technology, which aims to provide maximum anonymity of personal data and transactions using the CryptoNote protocol. It has nothing in common with Bitcoin and uses ring signatures to ensure absolute anonymity, while the creation of one-time keys for each transaction makes it impossible to track the transaction.
Monero was presented in April 2014. The encryption protocol used in Monero was created by the world’s leading cryptography experts, and the algorithm was proposed by the famous mathematician Daniel Bernstein. In 2014, this project was subjected to a planned hacker attack, after which the developers took even more serious measures to ensure the maximum level of system security.
Is Monero A Good Buy?
To know is Monero a good buy, users should be aware of these features:
- Through the presence of ring signatures, the CryptoNote protocol and passive blending, the highest degree of anonymity and privacy is ensured.
- Monero is an open-source cryptocurrency, which allows independent developers to refine and create individual projects based on it.
- Monero is decentralized. It cannot be affected by the global banking system and government organizations, and therefore it is not subject to inflation.
- There are two private keys, one of which is used for browsing and the other for transactions.
Where To Buy Monero XMR?
To buy XMR currency, know what is Monero coin worth, Monero price prediction and read about how to mine Monero, use StealthEX. It provides fast transactions and allows users to choose from hundreds of digital tokens.
How To Buy Monero?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to Monero. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose XMR coin in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of XMR coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the Monero coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Here you can revise the address provided and the amount of XMR cryptocurrency you will receive. Don’t forget to read and check the Terms of Use and Privacy Policy box. Without checking the box you will not be able to continue the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your XMR coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive Monero crypto to the address provided. To be sure that XMR token was sent to your wallet you can also use the Output hash shown on this page and check it in the Monero blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Monero wallet to be surprised at how fast you got XMR coin. Usually, the process is quite rapid so you won’t need to wait long.
And by the way, don’t forget that now our users can purchase cryptocurrencies using fiat and we still offer the opportunity to buy crypto at fixed rates!
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
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