So you are planning to buy monero but don’t know which is the best way to buy it? Then you are in the right place In this post I am listing all possible ways to buy monero. There are lots of ways to monero but which one to choose fully depends on you.
But before buying monero you will need a wallet to keep your monero secured. To get wallet you can head over to MyMonero and get monero wallet. Unfortunately, hardware wallet doesn’t support monero so you have a very limited option.
So now you had got your wallet then lets directly jump on the topic
How to buy monero
1. Buy monero with credit or debit card
You can’t buy monero directly with a credit card or debit card. For purchasing monero you have to first buy some bitcoin and then exchange it with monero by using exchanges like Bitfinex and Changelly.
For purchasing bitcoin you can use sites like Coinbase, Zebpay depending upon your location.
For USA users Coinbase is the best option to buy Bitcoins. You can also use Paxful.
If you some other cryptocurrency like litecoins, dash, ethereum, etc and want to exchange it with monero you can do so by using the sites like Changelly and Bifinex.
For that head over to Changelly, Bitfinex or any trusted exchange and deposit cryptocurrency in a wallet address which they give to you and exchange it with monero.
Frequently Asked question
Which is the best wallet to store monero?
As the hardware wallet doesn’t support monero you have a very limited option. the best wallet for monero is software wallet but if you are planning to hold monero for a long time then you can consider paper wallet. You can read more about monero wallet here.
Buying and holding monero is the easiest option to invest in Monero but mining monero or any cryptocurrency require technical knowledge and expensive hardware. So if you are serious about mining then invest in it but if you just want monero then directly buy it.
Why doesn’t hardware wallet support monero?
I don’t know any specific reason for this. But I think monero will soon support hardware wallet.
I am Jitendra Dhage founder of innovativetricks.com. I am a mechanical engineer by education but my interest in technology brings me in the field of cryptocurrencies. I started this blog to share my knowledge and experience about cryptocurrency.