How to Buy Monero with Credit Card?

“Monero is a secure, private, untraceable currency.”

Some people may think that this definition could be applied to Bitcoin but that is literally not the case when it is about being private and untraceable.

Monero is a digital currency that uses a different sort of cryptography to allow for these specific attributes. This beginner’s guide should help those who are not very familiar with Monero to comprehend the high-level differences between the two.

Without delving deep into the technical details, the way Monero is able to make transactions untraceable is via a technology called ring signatures.

Essentially, it mixes as individual’s set of transactions with others so that it is not clear to the public eye who owns which addresses.

Also, it hides balances through stealth addresses that are random one-time addresses that can’t be connected with an individual publicly.

You May Also Read: How Many Monero Coins Are There?

Monero Team

Monero has a strong team of seven developers, five of whom are pseudonymous, whereas the other two are known to the public as Riccardo Spagni and Francisco Cabañas along with many contributors.

Monero undergoes development updates that are currently planned to happen every 6 months that add new features and security enhancements.

These scheduled updates force Monero to evolve and keep everyone on the same page that there will be consistent updates to the system.

Buying Monero Using Credit Cards

CoinSwitch offers an easier way to buy Monero with Credit Card (Master or VISA) anywhere in the world at the best possible rates.

At CoinSwitch, you can compare current Monero rates across all major exchanges, and buy Monero with credit card instantly in just a few clicks of your mouse.

Read below the simple instructions to buy Monero from all the major fiat currencies including the US Dollar (USD), Euro (Euro), Japanese Yen (JPY), Russian Ruble (RUB), and Australian Dollar (AUD).

Step-by-step Guide to buying Monero (XMR)

Step 1: Enter the USD amount that you want to buy Monero for and choose the exchange with the best price.

Step 2: Once done, enter your Monero (XMR) address.

Step 3: It’s time to make the payment with your Credit Card.

That is it!

Once your payment is received, the Monero would be sent to your address.

Monero is an exciting virtual currency with interesting technology running behind it. And, CoinSwitch integrates with major cryptocurrency exchanges to offer its users the best price and place to buy XMR with credit cards anonymously.

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Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.