Beginners guide to buy Monero
Buying your first Monero can be stressful as you think of many things that
can go wrong, but with a little help it will be easier than it looks.
Firstly, before choosing the right exchange for Monero is important to
research enough information across the web for any alerts of fraud or
security problems on the exchange. You can also use our exchanges tab for
Monero where you can find a list of recommended exchanges.
Next, register with all your basic information. (first and last name, email,
After that, you’ll need to verify your identity with an ID card or passport,
and finally you’ll set up a password and a phone number which will verify
your identity when signing in or will help you with recovery in the case of
a lost password.
If you would like to stay anonymous for your own reasons, some exchanges
offer trading without disclosing private information. Some exchanges like
Binance and Poloniex have a limit of withdrawal without verification but
some are also unlimited (Etherdelta).
You’re all set! Now you can start buying Monero! Now choose the payment
option that suits you the most. Each payment option has different fees which
can range between 1-4%. Usually most exchanges will support card or bank
transfer and some even paypal for deposits. For buying altcoins you’ll need
to first buy or deposit Bitcoin or Ethereum for buying cryptos like ripple
or monero. For withdrawals you’ll need to navigate in your exchange
interface to a withdrawal request and fill in your bank account
Our top pick exchange for Monero would be Kraken and with the best price of
Monero is Kraken, Bitfinex.