How to Buy Monero?
Monero (XMR) offers users complete
privacy, standing out as a leading privacy-
focused cryptocurrency. It is not only the
most widely used among its peers but also boasts the largest market value. In Turkey,
Monero enjoys significant popularity and usage.
The price of Monero fluctuates according
to the privacy demands of its users. As more people buy Monero or the number of discussions around Monero increases, its
price and usage rate adapt accordingly.
So, what exactly is Monero Coin, which
manages to be well-known and widely
used despite its privacy focus, and what do the discussions reveal about this project?
What is Monero Coin?
The answer to what Monero is and how it came about can be traced back to the need for 100% privacy, a major lacking feature in Bitcoin and other cryptocurrencies. Although Bitcoin was initially presented as a privacy-oriented currency, it was known to leak certain information and offer excessive transparency due to blockchain technology.
If a user can determine the owner of a BTC wallet, they can easily access all the financial records associated with that
person's cryptocurrency dealings. This
sparked a need for privacy-focused
cryptocurrencies like Monero, leading to its
creation.
Buying Monero.
Monero can be easily purchased from Binance, one of the world's largest cryptocurrency exchanges by trading volume, in just a few simple steps.
The steps to buy Monero on Binance are as follows:
• To buy XMR, you first need to deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. Start by visiting the Binance homepage and clicking on the "Buy Crypto" option at the top left, then select the "Credit/Bank Card" tab.
• In the opened tab, choose how much USD you want to spend, and then select USDT, or Tether, in the Coin section.
• After purchasing USDT, preview the "Buy-Sell" option at the top left and click on the "Classic" tab.
• In the new section, select the USDT tab at the top right, type XMR in the search button, and choose the XMR/USDT pair that appears below.