Buy Monero in India
Buy Monero with BuyUcoin in less than 10 minutes and kickstart your crypto portfolio. Check XMR to INR price, choose one of the payment methods and buy Monero at the best rates.Buy Monero Now
Monero Price Today in India
Monero Price Analysis Chart
Change in %: ▲ 0.94%
1 XMR = ₹15,562
1 XMR to INR
Current Price of 1 XMR = 600,000 INR
For 100 INR you will get = 0.00045 XMR
How to Buy Monero in India?
Buy and Sell Monero in India with just 4 steps. Create your BuyUcoin Account, complete the KYC, add money with various different payment methods and buy Monero to create your first crypto portfolio. Earn free Monero worth INR 100 on signup. Now, that’s an offer you can’t miss!
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What Payment Methods to use to buy Monero in India?
Instantly Buy Monero in India using Credit Card or Debit Card and start earning. Invest in Cryptocurrency with Credit card and Avail for best offers Today.
Using Virtual Account
Use BuyUcoin’s specially curated, highly secure virtual account powered by Yes Bank to Quickly Buy, Sell, and Hold Monero within seconds.
Just add your UPI id and with one click transfer INR in your BuyUcoin wallet and invest in Monero and your favorite Cryptocurrency.
Mobikwik is one of the quickest way to buy Monero and cryptocurrency with amazing offers and cashbacks.
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.What you can buy with Monero?
Yes, Monero is legal in India, and users can purchase and sell it on the BuyUcoin - One of the Most secure crypto exchange in India. Monero is also seen as a valuable store of value. Recently, the Govt. of India introduced crypto taxation i.e. 30% tax on the profit you earn which shows the Government of India is not in favor of banning crypto in India rather than on the path to adopt it .You can easily buy Monero in India with an INR pair at trusted exchanges such as BuyUcoin. There has been an increase in the amount of users using the Blockchain wallet to store Monero. Monero, on the other hand, does not discriminate against anyone and gives everyone an equal opportunity to use its services.
Monero has swept the Indian market in recent years, with people eager to buy it in order to profit handsomely. Monero has generated speculative returns since its beginning and is currently trading at ₹15,562. There has been an increase in the amount of users using the Blockchain wallet to store Monero. The value of any cryptocurrency is derived from two factors: the hype and fundamental value that it provides; Monero possesses both and you can easily buy Monero in India at BuyUcoin. According to historical data cryptocurrency has given highest ROI on Investment, so now you can choose any crypto plan for SCIP and stand a chance to get highest return in the long-term investment.
Why Choose BuyUcoin to Buy Monero?
Top Cryptocurrency to Invest in 2022
Get an eye on Top Cryptocurrency to invest in 2022 with BuyUcoin’s Personalised Curated List of Top gainers. Stay Updated with Latest Monero News and Price Prediction that provides you extra edge before deciding your next investment.
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What to do after I buy Monero?
Frequently Asked Questions
How to mine Monero?
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.
What are the benefits of Monero?
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.
Monero Market Trends & Cap
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.