Smart investors like to diversify their portfolios, making the question of where to buy Monero a valid one lately. One of the biggest cryptocurrency events has happened this month with Bitcoin’s 4th halving. And while this crypto giant has a loyal following, investors want to branch out to other tokens like Monero. Diversity is key when examining investments, and Monero can give crypto enthusiasts what they are looking for.
What is Monero Exactly?
The Monero (XMR) cryptocurrency token is quite popular in the digital finance world. Since its launch in 2014, Monero is an open-source crypto token created for users specializing in privacy and decentralization. By using an obfuscated public ledger, users on the network can create transactions, but observers aren’t able to see details. Without the ability to view others’ information on the network, Monero is one of the most popular privacy coins today.
Breaking free of the cryptocurrency standard of having payments and account balances visible, Monero gives users the privacy they seek. One major complaint of cryptocurrency is privacy, so Monero aims to use their secure Proof of Work system for results. If you are looking for an alternative to the wide-open network of cryptocurrency, Monero (XMR) could be for you.
Where to Buy Monero?
The Monero (XMR) token can be found in several cryptocurrency exchanges online. But because of its privacy, some exchanges do not list it due to regulatory issues. Exchanges on where to buy Monero can be sold by trading pairs including BTC/XMR or USD/XMR. This list of where to buy Monero as a trading pair isn’t a complete one, but a start for investors:
Some central exchanges do not offer much privacy, defeating the purpose of Monero’s security. On where to buy Monero securely and privately, investors should stick to decentralized exchanges, like the ones listed below:
Advanced Security of Monero
Back in 2018, Monero adapted to using Bulletproofs as an added security measure for their crypto network. This cutting-edge technology combats the many privacy challenges that several Blockchain platforms struggle with today. With this added layer of security, Monero ensures there is no false information within the network regarding transactions.
As the world of cryptocurrency advances and grows, Monero is continually exploring ways to keep users safe and secure. Using technology like hard forks and other advanced security measures, where to buy Monero will become a common question. Investors are always seeking a better, more secure way to do transactions online and Monero can give them that protection.
Is Monero Right for You?
When exploring the numerous cryptocurrencies available today, many investors ask if Monero is right for them. This is not a Yes or No question, but rather it will depend on several individual factors. The ability to have Monero in your portfolio alongside other large-name competitors like Bitcoin can prove profitable. Other factors to consider can include your short or long-term investment goals. One thing is for sure; you can’t go wrong with a secure and private cryptocurrency on the market today.