🔥 Buy Monero Guide | Paypal, Credit Card & SEPA
Monero is a decentralized crypto currency based on the blockchain - so a comparison with Bitcoin, the mother of all crypto currencies, can be made. However, Monero is placing a much stronger focus on user anonymity and is also paying more attention to privacy. For this reason, Monero is often referred to as a “privacy coin”. This means that a completely different approach is being pursued when it comes to scalability. Incidentally, Monero is derived from the Esperanto language and - unsurprisingly - means coin.
The cryptocurrency is based on the so-called CryptoNote protocol. This protocol is in contrast to some other crypto currencies, which, such as the crypto currency Litecoin, are based on a code that has split off from Bitcoin. In practice, however, Monero really stands out from many other digital currencies, as a strong anonymity is in the foreground, due to the Proof of Work algorithm "Random X", which is easily compatible with commercially available processors as well the constant adjustment of the "mining difficulty" and the algorithm for block size adjustment (scalability). In addition, the Monero code was also recognized by Wladimir J. van der Laan, a maintainer of Bitcoin Core.
Buy Monero from Germany, Austria & Switzerland Instructions:
Anyone interested in the Monero crypto currency and residing in Germany, Austria or Switzerland can easily buy coins. It should be noted, however, that Monero cannot be bought on every crypto exchange. It is therefore necessary to clarify in advance whether the favored crypto exchange even has Monero in its range. A crypto broker through which you can trade Monero coins without any problems (via CFDs) is Libertex.
Step 1: Register with Libertex
If you have called up the Libertex page, you will find the "Register" button at the top right. Just click on it and a new window will open. Now the new customer has to enter an email address and choose a password. The registration process is already over - now, after the first deposit has been made, you can already buy coins of the crypto currency Monero.
Step 2: Deposit with PayPal, credit card or instant transfer
Libertex scores with diversity - not only when it comes to the available crypto currencies, but also when it comes to deposit methods. The following options are available:
- Bank Transfer
- Credit card
- Rapid transfer
- Token wallet
- Bankwire transfer
It should be noted that it is also possible to use PayPal!
Step 3: Buy and Sell Monero (XMR)
Buying or selling Monero is no problem. You can search for the crypto currency using the search function and then select how many coins you want to buy. But you can also enter an amount that is then to be exchanged for the virtual currency. The same route is followed when selling.
However, due to the fact that the crypto market is very volatile, you have to be careful: Prices can always go down as well as up, so it is important to clarify for yourself at what level you want to sell again - this is the only way to prevent one from investing without a plan.
Monero (XMR) buy deposit methods
Libertex offers countless payment methods available, so that you can be sure to choose the one that suits you or your favorite payment method.
Monero (XMR) buy PayPal
Even if PayPal is the best-known online payment service provider on the Internet, many of the crypto exchanges do not offer the option of paying with PayPal. At Libertex, however, this is the exception, as you can deposit with PayPal. Due to the fact that there are enough other payment methods that also guarantee that the money will be available in the desired account a few moments later, Libertex offers a wide range of deposit options.
Buy Monero (XMR) Sofortüberweisung
One of the recommended alternatives is certainly the instant transfer. Here the user only needs to enter IBAN and Swift / BIC. The amount to be transferred is available in a few moments in the Libertex account, so that you can buy Monero coins.
Monero (XMR) buy credit card
You can also top up your Libertex account with your credit card. In this case, the following data must be given: Name of the credit card holder, the credit card number, the check digit on the back and the expiry date of the card. In this case, too, the money is immediately transferred to the Libertex account and is then available for the purchase of Monero Coins.
Buy Monero (XMR) with Paysafecard
This is also the case when you use the Paysafecard. Simply type the code in the field provided and you can buy coins from the Monero crypto currency.
How to buy and sell Monero
Buying the cryptocurrency Monero is not a challenge. Ultimately, the crypto exchange Libertex tries to make the purchase process as simple as possible.
Buy Monero without registration
But you can also buy coins without registering. In this case, this is not possible via a crypto exchange, but via the peer-to-peer route with a private person. That means, you save the registration process.
Buy Monero anonymously
Anonymous buying is also possible, as no private information about the sellers or buyers is stored in the blockchain.
Buy Monero without verification
A verification always means that, as a rule, all functions such as services of the platform are then available. So you can buy coins, but you have to assume that only a fraction of the functions of the platform are available. Many platforms only allow full access after the verification process.
Where to buy Monero (XMR) the cheapest: Crypto exchange fees comparison
Monero may be one of the better known cryptocurrencies, but the digital currency is not listed on every crypto exchange. This means that you not only have to take a look at the fee model in advance, but also at the cryptocurrency offer.
Buy Monero or not: Is it worth buying Monero
Monero set the all-time high in early 2018 - at that time the price of the cryptocurrency was 542 US dollars. In 2015, the price of the cryptocurrency was still at 0,21 US dollars. At the current time (as of mid-November 2020) Monero is 118 US dollars. So there is still enough room for improvement.
And that is exactly what speaks for a current investment. Since there are certainly forecasts that Monero will soar, it is very advisable to invest your money in this crypto currency. However, it should or may only be freely available money - you should never pump money into the crypto market that is needed for the next loan installment, leasing installment or rental requirement.
Other special features of the Monero (XMR) purchase
If you take into account the market capitalization, Monero is currently in 15th place - the market capitalization is 2,109.765.987 US dollars. Monero is repeatedly described as a "recommendable Bitcoin alternative" that could well cause positive surprises in the foreseeable future.
Buy Monero Miner
Mining the cryptocurrency is possible without expensive hardware. It is therefore definitely worthwhile to take part in mining without a powerful computer - but the costs incurred must always be taken into account or compared with the benefits of the mining success.
Buy Monero stock
Since there are no Monero shares, investments can only be made in companies that are involved with Monero or that work with blockchain technology.
Buy Monero Conclusion: This is the best way to buy Monero
If you are ready to invest your money in Monero, you can do so via the crypto exchange Libertex. Based on the forecasts, it may be advisable to invest freely available money in order to be able to achieve attractive returns in the future.