Where to Buy Monero Coin XMR Crypto (& How To): Guide 2022

Where to Monero XMR

This section is our top picks of where and how to buy the Monero XMR Crypto token. We chose these based on our experience of using them and considered fees, security, payment options and reputation.

• Binance: Largest Crypto Exchange with Low Fees
• Kraken: Great Exchange for Newbies & Advanced Users
• Kucoin: Highly Regarded and Easy to Use for Beginners
• Bitfinex: Well Established & Trusted Exchange

Binance: Reputable Exchange with High Liquidity

Binance is the largest cryptocurrency trading exchange in daily trade volumes. The exchange offers investors full access to trade over 600 crypto assets.

The renowned platform also features a well-detailed learning curve and advanced trading tools that support well-experienced traders and investors looking to learn how to buy different cryptos. Although Binance features a user-friendly interface that facilitates a great user experience, it is more suited for well-experienced traders.

Read: Our Full Binance Review Here

Binance has a minimum deposit of $10. This enables investors to kickstart their investing journey with low fees. Investors can also initiate deposits through seamless payment methods like wire transfers, credit/debit cards, peer-to-peer (P2P) payments, and other e-wallet solutions.

Binance deposits come with a fee that varies based on the payment method used. For instance, the global exchange charges a standard fee of up to 4.50% for all deposits made with a debit/credit card.

All investors enjoy very low fees when trading on Binance, as it charges a standard trading fee of 0.1%. For investors that buy using Binance token (BNB), a discount of 25% on trading fees will be applied.

In addition, investors can rest assured that their funds and data are well protected whenever they trade on Binance. The broker features top-notch security measures like two-factor authentication (2FA), cold storage to keep most coins, whitelisting, and advanced data encryption to protect funds and data. Binance functions effectively in over 100 countries and has a spin-off regulated platform (Binance.US) that tends to US-based traders and investors.

Pros

• Trading fees at 0.01%
• High liquidity
• Wide range of payment methods
• 600+ crypto assets in library

Cons

• Interface is suited for advanced traders
• US-based customers cannot trade most coins via its subsidiary

Kraken: Top Crypto Platform with High Liquidity

Founded in 2011, Kraken is one of the oldest and most popular cryptocurrency exchanges currently in operation.

The exchange has built a reputation as being a secure destination for anyone interested in trading cryptocurrencies and it is also a popular choice for both traders and institutions across a variety of locations.

Read: Our Full Kraken Review Here

Kraken retains an international appeal and provides efficient trading opportunities in numerous fiat currencies. Kraken is also the current world leader in terms of Bitcoin to Euro trading volumes.

Kraken is most well known for its Bitcoin and Ethereum to cash (EUR and…