Buy Monero | The best Monero Exchanges
Do you want to buy Monero? Then there are several websites where this can be done. Above you will find the best exchanges to buy- or sell Monero. Bitvavo is one of the largest exchanges in the Netherlands and our favorite because of its user-friendliness and convenience. Conveniently, Bitvavo allows you to pay with iDEAL. This way you have immediate access to Monero and can buy and sell from the wallet on the website. A transaction at Bitvavo is subject to a maximum trading fee of 0.25%.
You can buy Monero at Bitvavo by logging into your account, or creating an account at www.bitvavo.com. You can then transfer euros to your Bitvavo wallet using one of 8 payment methods. Users can use iDEAL and Bancontact, among others. Euros are then transferred directly to the account. Bitvavo allows you to exchange euros for Monero next. You can then trade the currency, keep it and use it as a means of payment or easily sell it when it has risen. Read more below about the different pros and cons and the new developments going on at Monero (XMR).
A complete explanation about Monero | What is Monero?
Monero was launched in 2014, which was allowed to serve not only as a cryptocurrency, but also as a digital payment system. For this purpose, it uses the blockchain technology. This should ensure fast transactions and sufficient security for users of the network. As a result, Monero is also always 100 percent anonymous. The anonymity is pleasant for many users, but can also lead to the illegal circuit. Especially on the Dark Web it is often used and illegal goods and services can be obtained with these crypto currencies. Therefore, it is often necessary to be careful.
Monero works on the basis of a Proof of Work principle. The crypto coins are obtained by mining. This requires a lot of computing power and strong hardware to get everything working. The people who unravel the solutions to the formulas are also rewarded for this. After that, everyone enjoys complete anonymity and the blocks can be resized. This makes it a scalable alternative to other cryptocurrencies, which could open up more possibilities for the future. After all, more users can start trading on the network.
In addition, every transaction of Monero is completely untraceable. As a result, you always have a secure solution. It is also decentralized. There is no third party control on the payment system. The independent blockchain system also gives you many more options and can ensure that transaction speeds go up. However, as mentioned, mining must be used. This is where Monero differs from the bigger names such as Bitcoin, for example. Virtually any average computer can do this, which means there will be less high utility bills.
In addition, Monero is a unique concept. Where many cryptocurrencies have been committed to certain transaction speeds, low costs and a certain block size, with this crypto currency you are dealing with a changeable concept. The coin will therefore always change with the needs of users. Therefore, the coin really needs the input of users, because only then the good changes can take place again. After all, the coin must maintain its unique concept and this is only possible if the identity is preserved.
The pro’s and cons of Monero
Monero has several advantages over other cryptocurrencies. First, you have to deal with the transaction speed. This is many times higher than that of Bitcoin. Where you normally have to wait over 10 minutes to see the payment on an account, here you have the money in the account almost immediately. In addition, you also have to deal with lower transaction fees. When you transfer money to another account you don’t have to worry about another large amount disappearing.
Another advantage of Monero is the way the solutions are found on the blockchain. With most cryptocurrencies, only the most powerful computers can be used, which means that utility bills add up quickly. With Monero, you can even get started using your own laptop or computer, so you can start to be richly rewarded. Being energy efficient also makes it instantly more popular and ensures that the crypto currency is scalable.
Scalability is also a good one to keep in mind with Monero. Often a certain block size is chosen and cannot be changed. With this cryptocurrency, however, it is customizable. For example, the number of MBs can be increased when needed. This also allows you to have many more transactions per second. For the future, this could allow for more users on the network. However, in this case the network still needs to be developed better and the changes need to continue to take place for a good result.
This also keeps the company in a constant state of flux. Together with the users, the network is constantly changed and problems are fixed based on the wishes of all investors. Therefore, the input remains an important aspect and the developers can work with it again.
The price prediction of Monero for 2021 till 2025 | Monero Forecast
When you keep the developments in mind, there is a lot about to happen with Monero. Therefore, the prices will also start to change a lot. This was very visible from the beginning. As soon as the launch took place, many people purchased the cryptocurrency. This was immediately visible in the value. The prices shot up. When many users start selling their coins, the value will automatically go down again. Therefore, it is not always easy to make a prediction.
Several experts did try to predict the price expectations. Monero has, thanks to the large amount of developments and changes that have already taken place, a future with a high value. Precisely because the block size can be adjusted and a safe environment is created, the value will fluctuate less than, for example, with other cryptocurrencies. The investors in the cryptocurreny will therefore also be able to achieve a higher return, which makes it even more attractive. However, you should keep in mind that you should not only look at the expectations of experts.
Monero Price | Now and in the future
The Monero exchange rate has experienced strong growth in recent times. Currently, Monero can be found in the top 25 largest cryptocurrencies coins in the world. At the time of writing, Monero has a market value of over 3 billion Dollars, a market value that is still rising strongly.
There are 17,840,896 Monero coins in circulation, most of which are traded on the Binance exchange. On the Binance exchange it is also possible to keep an eye on the current Monero price.
The past period Monero has often been in the news in a positive way, this has had a positive influence on the Monero price and price. Thus, many hold it for the long term.
To stay informed of the most current Monero price, we recommend you keep a close eye on this page. Here you will find, among other things, a Monero price chart that shows the history of the Monero price.
The market cap of Monero in comparison to Bitcoin is still small, which can mean that the price can still rise a lot when the market value increases. The maximum number of XMR that will be released is unknown.
The latest Monero news and price expectations
Every month we try to bring you up to date with the latest current news surrounding Monero. So that you can have a better idea of the XMR expectation over the long term. It’s good to be aware of the price, but it’s more important to be aware of the latest developments, roadmap and other issues going on. This way you can better anticipate the Monero price forecast of 2021, 2022 and beyond. Below you can see the current Monero price.