Follow these three easy steps.
Sign up using Email or Google
Redeem Coupon Code "BUYUCOINFREEBTC" in reward section
Your Free Bitcoin will be added in your wallet.
Enter your email down here and you can find free cryptocurrency scratch card worth upto 2000 in your inbox
Easily Buy, Sell, and Hold Monero at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best credit card offers to buy Monero using a credit card today.
Easily Buy, Sell, and Hold Monero at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best debit card offers to buy Monero using debit cards today.
Easily Buy, Sell, and Hold Monero at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best MobikWik offers to buy Monero using Mobikwik today.
Easily Buy, Sell, and Hold Monero at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best Bank offers to buy Monero using Bank transfer today.
Trade on BuyUcoin with investment of 5000 or more and Get Cashback to be used in future trading and Orders. Cashback available one-time on OTC and multiple on Classic Trade.Save Now
Easily Buy, Sell, and Hold Monero at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best IMPS to offer to buy Monero using IMPS transfer today.
With the advancements in the field of blockchain, developers are expanding the presence of the technology into various fields and are trying to tap into the vast potential that blockchain holds. Over the few years, blockchain has evolved from being a substitute to fiat currency and has created a platform of its own where applications and programs can be developed, bought, and sold. Monero aims to create a foothold in the cryptocurrency industry by providing users with unparalleled privacy-oriented features on its platform. With a lot of multi-national software companies facing data breaches and data theft either from the hands of third-party hackers or by the company itself, privacy has become a vital component when using or investing in software.Earn Free Monero
If you are looking for the latest and cheapest Monero price USD or Monero price in India, search no more, as we have added more than 101 ways to Buy and Sell Monero in India at the cheapest and latest price. At BuyUcoin you can buy at the latest Monero and other cryptocurrencies at the latest Monero price without KYC at 0% Trading Fee.BUY Monero Here
Digital Gold of the Future, Monero is an asset that has provided financial freedom to millions across the globe. So if you believe in it, storing your Moneros is a good option.
You can trade Monero for your other favorite Defi Tokens or Alt Coins to make short term portfolio advancements and higher profits as per your needs.
Trade on BuyUcoin OTC Platform to Direct Buy/Sell [Token] and Save both Time & Money. Pair Available in INR Pairs Only!Trade Now
Sell Your Moneros to INR in your BuyUCoin Wallet and increase your portfolio buying other cryptocurrencies.
Monero is accepted globally for financial transactions online at various e-commerce sites as a mode of payment.
Don’t Worry If you are new to cryptocurrency. You can learn more about Monero and other cryptocurrencies, look for our price indicators or attend our monthly webinars to be a pro at Monero investing.
|BITCOIN (BTC)||₹ 2947457||Check BTC Price||Get Free BTC||Buy BTC in Real Time||Buy BTC on EZ/OTC Desk|
|ETHEREUM (ETH)||₹ 188807||Check ETH Price||Get Free ETH||Buy ETH in Real Time||Buy ETH on EZ/OTC Desk|
|TETHER (USDT)||₹ 74.33||Check USDT Price||Get Free USDT||Buy USDT in Real Time||Buy USDT on EZ/OTC Desk|
|CARDANO (ADA)||₹ 97.38||Check ADA Price||Get Free ADA||Buy in ADA Real Time||Buy ADA on EZ/OTC Desk|
|RIPPLE (XRP)||₹ 53.84||Check XRP Price||Get Free XRP||Buy XRP in Real Time||Buy XRP on EZ/OTC Desk|
|USD COIN (USDC)||₹ 74.34||Check USDC Price||Get Free USDC||Buy in USDC Real Time||Buy USDC on EZ/OTC Desk|
|DOGECOIN (DOGE)||₹ 15.21||Check DOGE Price||Get Free DOGE||Buy DOGE in Real Time||Buy DOGE on EZ/OTC Desk|
|POLKADOT (DOT)||₹ 1344.54||Check DOT Price||Get Free DOT||Buy in DOT Real Time||Buy DOT on EZ/OTC Desk|
|UNISWAP (UNI)||₹ 1603.96||Check UNI Price||Get Free UNI||Buy in UNI Real Time||Buy UNI on EZ/OTC Desk|
|BITCOIN CASH (BCH)||₹ 39206||Check BCH Price||Get Free BCH||Buy BCH in Real Time||Buy BCH on EZ/OTC Desk|
|CHAINLINK (LINK)||₹ 1618.26||Check LINK Price||Get Free LINK||Buy in LINK Real Time||Buy LINK on EZ/OTC Desk|
|LITECOIN (LTC)||₹ 10416.11||Check LTC Price||Get Free LTC||Buy LTC in Real Time||Buy LTC on EZ/OTC Desk|
|SOLANA (SOL)||₹ 2530.92||Check SOL Price||Get Free SOL||Buy in SOL Real Time||Buy SOL on EZ/OTC Desk|
|POLYGON (MATIC)||₹ 77.31||Check MATIC Price||Get Free MATIC||Buy in MATIC Real Time||Buy MATIC on EZ/OTC Desk|
|ETHEREUM CLASSIC (ETC)||₹ 3735.4||Check ETC Price||Get Free ETC||Buy ETC in Real Time||Buy ETC on EZ/OTC Desk|
|STELLAR (XLM)||₹ 20.38||Check XLM Price||Get Free XLM||Buy in XLM Real Time||Buy XLM on EZ/OTC Desk|
|THETA (THETA)||₹ 427.49||Check THETA Price||Get Free THETA||Buy in THETA Real Time||Buy THETA on EZ/OTC Desk|
|VECHAIN (VET)||₹ 6.34||Check VET Price||Get Free VET||Buy in VET Real Time||Buy VET on EZ/OTC Desk|
|INTERNET COMPUTER (ICP)||₹ 3016.71||Check ICP Price||Get Free ICP||Buy in ICP Real Time||Buy ICP on EZ/OTC Desk|
|FILECOIN (FIL)||₹ 3995.41||Check FIL Price||Get Free FIL||Buy in FIL Real Time||Buy FIL on EZ/OTC Desk|
|TRON (TRX)||₹ 4.68||Check TRX Price||Get Free TRX||Buy TRX in Real Time||Buy TRX on EZ/OTC Desk|
|MONERO (XMR)||₹ 17639.02||Check XMR Price||Get Free XMR||Buy XMR in Real Time||Buy XMR on EZ/OTC Desk|
|AAVE (AAVE)||₹ 23440||Check AAVE Price||Get Free AAVE||Buy in AAVE Real Time||Buy AAVE on EZ/OTC Desk|
|EOS (EOS)||₹ 292.67||Check EOS Price||Get Free EOS||Buy in EOS Real Time||Buy EOS on EZ/OTC Desk|
|FTX TOKEN (FTT)||₹ 2580.02||Check FTT Price||Get Free FTT||Buy in FTT Real Time||Buy FTT on EZ/OTC Desk|
|COSMOS (ATOM)||₹ 912.87||Check ATOM Price||Get Free ATOM||Buy in ATOM Real Time||Buy ATOM on EZ/OTC Desk|
|SHIBA (SHIB)||₹ 0.0005||Check SHIB Price||Get Free SHIB||Buy in SHIB Real Time||Buy SHIB on EZ/OTC Desk|
|NEO (NEO)||₹ 3267.95||Check NEO Price||Get Free NEO||Buy NEO in Real Time||Buy NEO on EZ/OTC Desk|
|THE GRAPH (GRT)||₹ 47.47||Check GRT Price||Get Free GRT||Buy in GRT Real Time||Buy GRT on EZ/OTC Desk|
|LEO TOKEN (LEO)||₹ 224.13||Check LEO Price||Get Free LEO||Buy in LEO Real Time||Buy LEO on EZ/OTC Desk|
|BITCOIN SV (BSV)||₹ 10458.38||Check BSV Price||Get Free BSV||Buy BSV in Real Time||Buy BSV on EZ/OTC Desk|
|MAKER (MKR)||₹ 213408||Check MKR Price||Get Free MKR||Buy in MKR Real Time||Buy MKR on EZ/OTC Desk|
|ALGORAND (ALGO)||₹ 60.5||Check ALGO Price||Get Free ALGO||Buy in ALGO Real Time||Buy ALGO on EZ/OTC Desk|
|TEZOS (XTZ)||₹ 218.69||Check XTZ Price||Get Free XTZ||Buy in XTZ Real Time||Buy XTZ on EZ/OTC Desk|
|IOTA (MIOTA)||₹ 64.56||Check MIOTA Price||Get Free MIOTA||Buy in MIOTA Real Time||Buy MIOTA on EZ/OTC Desk|
|COMPOUND (COMP)||₹ 29854||Check COMP Price||Get Free COMP||Buy in COMP Real Time||Buy COMP on EZ/OTC Desk|
|DECRED (DCR)||₹ 11155.61||Check DCR Price||Get Free DCR||Buy in DCR Real Time||Buy DCR on EZ/OTC Desk|
|BITTORRENT (BTT)||₹ 0.2131||Check BTT Price||Get Free BTT||Buy in BTT Real Time||Buy BTT on EZ/OTC Desk|
|KUSAMA (KSM)||₹ 15086.86||Check KSM Price||Get Free KSM||Buy in KSM Real Time||Buy KSM on EZ/OTC Desk|
|DASH (DASH)||₹ 11718.94||Check DASH Price||Get Free DASH||Buy in DASH Real Time||Buy DASH on EZ/OTC Desk|
|SUSHISWAP (SUSHI)||₹ 625.61||Check SUSHI Price||Get Free SUSHI||Buy in SUSHI Real Time||Buy SUSHI on EZ/OTC Desk|
|SYNTHETIX NETWORK (SNX)||₹ 697.33||Check SNX Price||Get Free SNX||Buy in SNX Real Time||Buy SNX on EZ/OTC Desk|
|WAVES (WAVES)||₹ 1170.4||Check WAVES Price||Get Free WAVES||Buy in WAVES Real Time||Buy WAVES on EZ/OTC Desk|
|NEM (XEM)||₹ 12.55||Check XEM Price||Get Free XEM||Buy in XEM Real Time||Buy XEM on EZ/OTC Desk|
|CHILIZ (CHZ)||₹ 19.71||Check CHZ Price||Get Free CHZ||Buy in CHZ Real Time||Buy CHZ on EZ/OTC Desk|
|ZCASH (ZEC)||₹ 8552.7||Check ZEC Price||Get Free ZEC||Buy ZEC in Real Time||Buy ZEC on EZ/OTC Desk|
|Enjin Coin (ENJ)||₹ 102.11||Check ENJ Price||Get Free ENJ||Buy in ENJ Real Time||Buy ENJ on EZ/OTC Desk|
|YEARN.FINANCE (YFI)||₹ 2348083||Check YFI Price||Get Free YFI||Buy in YFI Real Time||Buy YFI on EZ/OTC Desk|
|XINFIN (XDC)||₹ 5.87||Check XDC Price||Get Free XDC||Buy XDC in Real Time||Buy XDC on EZ/OTC Desk|
|ZILLIQA (ZIL)||₹ 5.89||Check ZIL Price||Get Free ZIL||Buy in ZIL Real Time||Buy ZIL on EZ/OTC Desk|
|BAT (BAT)||₹ 47.87||Check BAT Price||Get Free BAT||Buy BAT in Real Time||Buy BAT on EZ/OTC Desk|
|DECENTRALAND (MANA)||₹ 51.33||Check MANA Price||Get Free MANA||Buy in MANA Real Time||Buy MANA on EZ/OTC Desk|
|HARMONY (ONE)||₹ 5.65||Check ONE Price||Get Free ONE||Buy in ONE Real Time||Buy ONE on EZ/OTC Desk|
|SIACOIN (SC)||₹ 1.18||Check SC Price||Get Free SC||Buy in SC Real Time||Buy SC on EZ/OTC Desk|
|QTUM (QTUM)||₹ 548.99||Check QTUM Price||Get Free QTUM||Buy QTUM in Real Time||Buy QTUM on EZ/OTC Desk|
|DIGIBYTE (DGB)||₹ 3.71||Check DGB Price||Get Free DGB||Buy in DGB Real Time||Buy DGB on EZ/OTC Desk|
|0X (ZRX)||₹ 56.98||Check ZRX Price||Get Free ZRX||Buy in ZRX Real Time||Buy ZRX on EZ/OTC Desk|
|ICON (ICX)||₹ 71.63||Check ICX Price||Get Free ICX||Buy in ICX Real Time||Buy ICX on EZ/OTC Desk|
|RAVENCOIN (RVN)||₹ 4.75||Check RVN Price||Get Free RVN||Buy in RVN Real Time||Buy RVN on EZ/OTC Desk|
|OMISEGO (OMG)||₹ 315.02||Check OMG Price||Get Free OMG||Buy OMG in Real Time||Buy OMG on EZ/OTC Desk|
|IOST (IOST)||₹ 1.87||Check IOST Price||Get Free IOST||Buy in IOST Real Time||Buy IOST on EZ/OTC Desk|
|UMA (UMA)||₹ 661.82||Check UMA Price||Get Free UMA||Buy in UMA Real Time||Buy UMA on EZ/OTC Desk|
|VOYAGER TOKEN (VGX)||₹ 168.43||Check VGX Price||Get Free VGX||Buy in VGX Real Time||Buy VGX on EZ/OTC Desk|
|LISK (LSK)||₹ 245.2||Check LSK Price||Get Free LSK||Buy LSK in Real Time||Buy LSK on EZ/OTC Desk|
|1INCH (1INCH)||₹ 171.98||Check 1INCH Price||Get Free 1INCH||Buy in 1INCH Real Time||Buy 1INCH on EZ/OTC Desk|
|REN (REN)||₹ 31.83||Check REN Price||Get Free REN||Buy in REN Real Time||Buy REN on EZ/OTC Desk|
|BITCOIN DIAMOND (BCD)||₹ 149.15||Check BCD Price||Get Free BCD||Buy BCD in Real Time||Buy BCD on EZ/OTC Desk|
|GOLEM (GLM)||₹ 27.19||Check GLM Price||Get Free GLM||Buy in GLM Real Time||Buy GLM on EZ/OTC Desk|
|KAVA (KAVA)||₹ 392.66||Check KAVA Price||Get Free KAVA||Buy in KAVA Real Time||Buy KAVA on EZ/OTC Desk|
|PUNDI X (PUNDIX)||₹ 103.77||Check PUNDIX Price||Get Free PUNDIX||Buy in PUNDIX Real Time||Buy PUNDIX on EZ/OTC Desk|
|PAXG (PAXG)||₹ 134689||Check PAXG Price||Get Free PAXG||Buy in PAXG Real Time||Buy PAXG on EZ/OTC Desk|
|WINKLINK (WIN)||₹ 0.0266||Check WIN Price||Get Free WIN||Buy in WIN Real Time||Buy WIN on EZ/OTC Desk|
|IEXEC RLC (RLC)||₹ 248.67||Check RLC Price||Get Free RLC||Buy in RLC Real Time||Buy RLC on EZ/OTC Desk|
|OCEAN PROTOCOL (OCEAN)||₹ 39.62||Check OCEAN Price||Get Free OCEAN||Buy in OCEAN Real Time||Buy OCEAN on EZ/OTC Desk|
|POLYMATH (POLY)||₹ 19.84||Check POLY Price||Get Free POLY||Buy in POLY Real Time||Buy POLY on EZ/OTC Desk|
|BALANCER (BAL)||₹ 1583.6||Check BAL Price||Get Free BAL||Buy in BAL Real Time||Buy BAL on EZ/OTC Desk|
|TOMOCHAIN (TOMO)||₹ 194.12||Check TOMO Price||Get Free TOMO||Buy in TOMO Real Time||Buy TOMO on EZ/OTC Desk|
|BAND PROTOCOL (BAND)||₹ 457.32||Check BAND Price||Get Free BAND||Buy in BAND Real Time||Buy BAND on EZ/OTC Desk|
|SWIPE (SXP)||₹ 163.79||Check SXP Price||Get Free SXP||Buy in SXP Real Time||Buy SXP on EZ/OTC Desk|
|SERUM (SRM)||₹ 282.86||Check SRM Price||Get Free SRM||Buy in SRM Real Time||Buy SRM on EZ/OTC Desk|
|STEEM (STEEM)||₹ 35.95||Check STEEM Price||Get Free STEEM||Buy in STEEM Real Time||Buy STEEM on EZ/OTC Desk|
|STRATIS (STRAX)||₹ 137.46||Check STRAX Price||Get Free STRAX||Buy in STRAX Real Time||Buy STRAX on EZ/OTC Desk|
|CIVIC (CVC)||₹ 19.64||Check CVC Price||Get Free CVC||Buy CVC in Real Time||Buy CVC on EZ/OTC Desk|
|ARK (ARK)||₹ 82.39||Check ARK Price||Get Free ARK||Buy in ARK Real Time||Buy ARK on EZ/OTC Desk|
|REPUTATION (REP)||₹ 1892.93||Check REP Price||Get Free REP||Buy in REP Real Time||Buy REP on EZ/OTC Desk|
|DODO (DODO)||₹ 86.48||Check DODO Price||Get Free DODO||Buy in DODO Real Time||Buy DODO on EZ/OTC Desk|
|KYBER NETWORK (KNC)||₹ 113.86||Check KNC Price||Get Free KNC||Buy in KNC Real Time||Buy KNC on EZ/OTC Desk|
|BELDEX (BDX)||₹ 6.58||Check BDX Price||Get Free BDX||Buy BDX in Real Time||Buy BDX on EZ/OTC Desk|
|AMPLEFORTH GOVERNANCE TOKEN (FORTH)||₹ 1109.06||Check FORTH Price||Get Free FORTH||Buy in FORTH Real Time||Buy FORTH on EZ/OTC Desk|
|BITSHARES (BTS)||₹ 3.06||Check BTS Price||Get Free BTS||Buy in BTS Real Time||Buy BTS on EZ/OTC Desk|
|THORCHAIN (ERC20) (RUNE)||₹ 470.33||Check RUNE Price||Get Free RUNE||Buy in RUNE Real Time||Buy RUNE on EZ/OTC Desk|
|DIVI (DIVI)||₹ 2.98||Check DIVI Price||Get Free DIVI||Buy DIVI in Real Time||Buy DIVI on EZ/OTC Desk|
|PACCOIN (PAC)||₹ 0.4284||Check PAC Price||Get Free PAC||Buy in PAC Real Time||Buy PAC on EZ/OTC Desk|
|MANTRA DAO (OM)||₹ 9.38||Check OM Price||Get Free OM||Buy in OM Real Time||Buy OM on EZ/OTC Desk|
|PIVX (PIVX)||₹ 40.95||Check PIVX Price||Get Free PIVX||Buy in PIVX Real Time||Buy PIVX on EZ/OTC Desk|
|SOLVE CARE (SOLVE)||₹ 3.54||Check SOLVE Price||Get Free SOLVE||Buy SOLVE in Real Time||Buy SOLVE on EZ/OTC Desk|
|DENTACOIN (DCN)||₹ 0.0018||Check DCN Price||Get Free DCN||Buy DCN in Real Time||Buy DCN on EZ/OTC Desk|
|SCALA (XLA)||₹ 0.174||Check XLA Price||Get Free XLA||Buy XLA in Real Time||Buy XLA on EZ/OTC Desk|
|NXT (NXT)||₹ 1.08||Check NXT Price||Get Free NXT||Buy in NXT Real Time||Buy NXT on EZ/OTC Desk|
|FACTOM (FCT)||₹ 101.25||Check FCT Price||Get Free FCT||Buy in FCT Real Time||Buy FCT on EZ/OTC Desk|
|MAHADAO (MAHA)||₹ 290.92||Check MAHA Price||Get Free MAHA||Buy MAHA in Real Time||Buy MAHA on EZ/OTC Desk|
|FUNJO (FUNJO)||₹ 3.12||Check FUNJO Price||Get Free FUNJO||Buy FUNJO in Real Time||Buy FUNJO on EZ/OTC Desk|
|HEY BITCOIN (HYBN)||₹ 10.05||Check HYBN Price||Get Free HYBN||Buy HYBN in Real Time||Buy HYBN on EZ/OTC Desk|
|LPNT TOKEN (LPNT)||₹ 394.24||Check LPNT Price||Get Free LPNT||Buy LPNT in Real Time||Buy LPNT on EZ/OTC Desk|
|ADORE FINANCE TOKEN (XFA)||₹ 0||Check XFA Price||Get Free XFA||Buy XFA in Real Time||Buy XFA on EZ/OTC Desk|
|VALOBIT (VBIT)||₹ 0.5145||Check VBIT Price||Get Free VBIT||Buy VBIT in Real Time||Buy VBIT on EZ/OTC Desk|
|MAKE MORE MONEY (M3C)||₹ 0||Check M3C Price||Get Free M3C||Buy M3C in Real Time||Buy M3C on EZ/OTC Desk|
|BITICA COIN (BDCC)||₹ 31.31||Check BDCC Price||Get Free BDCC||Buy BDCC in Real Time||Buy BDCC on EZ/OTC Desk|
|FACE KINDLE (FKD)||₹ 0||Check FKD Price||Get Free FKD||Buy FKD in Real Time||Buy FKD on EZ/OTC Desk|
|BITCOIN HEDGE (BTCHG)||₹ 225.91||Check BTCHG Price||Get Free BTCHG||Buy BTCHG in Real Time||Buy BTCHG on EZ/OTC Desk|
|COINLANCER (CL)||₹ 0.9635||Check CL Price||Get Free CL||Buy CL in Real Time||Buy CL on EZ/OTC Desk|
|BUYUCOIN TOKEN (BUC)||₹ 0.0018||Check BUC Price||Get Free BUC||Buy BUC in Real Time||Buy BUC on EZ/OTC Desk|
|BITRON COIN (BTRN)||₹ 0.05||Check BTRN Price||Get Free BTRN||Buy BTRN in Real Time||Buy BTRN on EZ/OTC Desk|
|KOEL COIN (KOEL)||₹ 0.0435||Check KOEL Price||Get Free KOEL||Buy KOEL in Real Time||Buy KOEL on EZ/OTC Desk|
|BACKPACKER (BPC)||₹ 11.31||Check BPC Price||Get Free BPC||Buy BPC in Real Time||Buy BPC on EZ/OTC Desk|
|TENXPAY (PAY)||₹ 4.72||Check PAY Price||Get Free PAY||Buy in PAY Real Time||Buy PAY on EZ/OTC Desk|
|SMARTOFGIVING (AOG)||₹ 5.93||Check AOG Price||Get Free AOG||Buy AOG in Real Time||Buy AOG on EZ/OTC Desk|
|CLOAKCOIN (CLOAK)||₹ 18.95||Check CLOAK Price||Get Free CLOAK||Buy in CLOAK Real Time||Buy CLOAK on EZ/OTC Desk|
|BINTEX FUTURES (BNTX)||₹ 72.55||Check BNTX Price||Get Free BNTX||Buy BNTX in Real Time||Buy BNTX on EZ/OTC Desk|
|HYDRO (HYDRO)||₹ 1.83||Check HYDRO Price||Get Free HYDRO||Buy HYDRO in Real Time||Buy HYDRO on EZ/OTC Desk|
|THE CHAMP COIN (TCC)||₹ 0.1856||Check TCC Price||Get Free TCC||Buy TCC in Real Time||Buy TCC on EZ/OTC Desk|
|C2C TOKEN (C2C)||₹ 0.0011||Check C2C Price||Get Free C2C||Buy C2C in Real Time||Buy C2C on EZ/OTC Desk|
Monero is a decentralized, open-source, and privacy-oriented cryptocurrency that utilizes the technology of blockchain to operate its network. It was launched in 2014 and since then has amassed quite a following due to its leanings towards complete privacy. The blockchain forms the foundation of the cryptocurrency and is used to store the public ledger of its user’s activities and all the transactions that occur on the platform. The developers of Monero intentionally made the network’s blockchain entirely opaque. This way, personal details such as transactions and the identities of the sender and receiver remain secure and private while the amount involved in the transaction is also anonymous. The platform does this by disguising the addresses of the sender and recipient.
Monero was originally launched by pseudonymous author Nicolas van Saberhagen in October 2013. It was originally launched by a Bitcointalk forum user only known as 'thankful_for_today' under the name BitMonero that is a compound of Bit (as in Bitcoin) and Monero (literally meaning 'coin' in Esperanto). Five days later, the currency's supporters opted for the name to be shortened to Monero. In September 2014, Monero was attacked and a flaw in CryptoNote that permitted the creation of two subchains that refused to recognize the validity of transactions on each other. CryptoNote later released a patch for the flaw, which Monero implemented.Monero experienced rapid growth in market capitalization and transaction volume during the year 2016, partly due to adoption in 2016 by major darknet market AlphaBay On January 10, 2017, the privacy of Monero transactions were further strengthened by the adoption of Bitcoin Core developer Gregory Maxwell's algorithm Confidential Transactions and hiding the amounts being transacted, in combination with an improved version of Ring Signatures.
In India you can Buy Monero through BuyUcoin easily using credit/debit card, UPI, mobikwik wallet and more in less than 10 minutes. Try Now! Your crypto investment is a click away
In India you can Sell Monero through BuyUcoin easily and withdraw INR directly into your bank account, no questions asked. The whole process will not take more than 10 minutes. Try Today!
Other than the privacy factor, Monero follows an egalitarian perspective towards business and ensures that all its users and investors get equal opportunities. The developers of the Monero blockchain did not reserve stakes of the blockchain network themselves and instead relied on public and community fundings and contributions to develop the cryptocurrency. A fine example of their egalitarian outlook is evident in the mining process that the platform has implemented in order to accommodate everyone, irrespective of their hardware. The network allows its users to join mining pools to earn XMR coins without having to invest in expensive equipment for mining, or they can mine individually to have the lion’s share of the profit and a higher chance of earning XMR coins. Also, the platform enables users to mine on standard computers and does not require expensive and dedicated hardware products such as application-specific integrated circuits (ASIC) that are usually a necessity while mining cryptocurrencies such as Bitcoin and Ethereum.
One of the biggest benefits of investing in Monera is the security and privacy that the network provides to its users. Besides using the standard security measures that are common among most cryptocurrencies, the Monero network utilizes the concept of ring signatures in order to make users anonymous. The ring signatures enable the sending participant to conceal their identity among a group of other users. They are anonymous signatures that verify the validity of the transaction without revealing which member signed it. In order to generate a ring signature, the blockchain network combines the sender’s personal account key from a public key that is chosen from a plethora of choices that are available on the network, thus making the signature unique as well as private. This procedure hides the identity of the sender as it makes it impossible to decipher as to which of the member’s user key was used to create the ring signature.
Stealth addresses add another layer of security and privacy to the network as it helps in hiding the identity of the people on either end of the transaction by creating a unique one time use identity that is used for enabling the transaction. The stealth address conceals the actual destination of the transaction and hence maintains the privacy of both the parties involved.
Another advantage of Monero is its fungibility. This means that every denomination of XMR coin is not unique, that is, XMR coins of the same values are exactly the same. On the other hand, fiat currencies and even certain cryptocurrencies like Bitcoin are non-fungible as every BTC coin is unique in nature, even if they are of the same denomination. This particular nature of XMR coins makes them virtually untraceable as the transactions that are done in XMR coins do not have any transaction history. The best comparison of XMR coins is with that of gold bricks of the same weight and carat.
Since its launch in 2014, Monero created a ripple in the cryptocurrency exchange market with its revolutionary network and huge importance to privacy. As soon as it was created, the XMR coins in terms of BTC were valued at 0.007 per XMR coin, although the market cap and price against the dollar remained significantly low. In September 2016, the price of XMR coins in BTC peaked at 0.022 BTC per XMR coin while the Monero market cap went up to $168,619,001 USD. While the market cap and the BTC value of XMR fluctuated, its values against the dollar remained substantially low. In January 2018, the Monero cryptocurrency broke records by peaking its market cap at $7,106,525,755 USD while the price of XMR coin in USD stood at a massive $456.29 USD per XMR coin. But due to the subsequent crypto exchange market crash of 2018, the value of Monero as well as its market cap plummeted.
As of 18th July 2020, the Monero market cap is at $ 1,196,292,747 USD while the price of XMR coins in USD stands at $67.84 USD per XMR coin.