How to exchange Monero (XMR)

Monero (XMR) is a privacy cryptocurrency: amounts and addresses on the network are hidden by default. Because of the privacy, some services handle XMR under special rules, so there may be fewer directions and exchangers. You can exchange it for rubles, USDT or other coins via the monitor.

Step 1. Pick a direction

Open the Monero page and look at the available directions and reserves — for XMR there are usually fewer than for BTC/USDT.

Step 2. Compare exchangers

Compare the rate, reserve and rating. How to choose — 7 signs of a reliable exchanger.

Step 3. Privacy-coin specifics

• XMR transactions are private — the exchanger relies on its own confirmations, so follow its instructions.
• Because of the privacy, address AML scoring usually does not apply to XMR — the counterparty and exchanger are assessed instead.

Common mistakes

• Expecting XMR to be accepted everywhere — there are fewer directions, check in advance.
• Ignoring the reserve: for XMR it is often limited.
• Calculating with an outdated rate.

In short

• XMR is a privacy coin; there are fewer directions and reserves.
• Check availability of the needed direction and the reserve in advance.
• Compare rate + reserve + rating.

Current rates — on the Monero page. Terms — in the exchange glossary.