Beaxy allows you to trade XMR with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. Reduce your risk by storing XMR in our custodied wallets.
To access all of Beaxy’s features:
– Register at Beaxy.com/register
– Complete Verification
– Fund your account – Make a deposit or buy crypto with your credit or debit card
– Start Trading!
Beaxy provides all of the tools you need to trade XMR. Traders of all skill sets can benefit from AI signals provided on Trender. You can access industry-leading market data through TradingView charts that are integrated onto the exchange. Our trading API allows you to automate your trading strategy on Beaxy.
Converting XMR to other currencies
Want to convert XMR to FIAT? Check the converter above to see what the conversion rate is. Simply select the FIAT currency you use to see what the price of monero is. The best part is you can place an order for XMR directly from the converter once you select your currency!
Monero is a privacy-focused digital asset that was created in 2014 as a fork of the Bytecoin protocol. The project is funded through the Forum Funding System, a donation based crowdfunding source. Monero uses enforced privacy for every transaction. This ensures that no user can be accidentally or deliberately discovered on the Monero ledger. Monero uses Nakamoto consensus that considers the valid chain to be the chain with the most accumulated proof-of-work (POW). XMR achieves privacy-preservation and transaction speed by utilizing bulletproofs, a zero-knowledge proof. Bulletproofs cut the size of transactions by at least 80 percent, significantly increasing transaction efficiency. The Monero block reward will continue to decrease until 2022, when the block reward reaches 0.6 XMR. The Monero protocol performs a planned hard fork every six months. This enables the platform and digital currency to consistently evolve and improve while leaving Monero participants with plenty of time to update before the protocol gets forked into a new network. In an effort to make Monero more decentralized for miners, the protocol’s proof-of-work algorithm is adjusted via hard forks to guarantee that Monero remains ASIC resistant and available for those using less powerful equipment. Similar to Bitcoin, Monero mining nodes perform the task of emptying the transaction mempool. They do so by ordering transactions that will be moved to a block based on the network fee attached to the transactions. Higher fee transactions are cleared first.
There are approximately 17,500,000 XMR tokens in the circulating supply. Monero (XMR) reached it’s all-time high price of $495.84 per coin on January 7th, 2018. Being one of the most traded digital currencies, and the most popular privacy-focused coins, Monero consistently generates more than $100,000,000 in global trading volume each day.
You can get Monero (XMR) when you make a trade on Beaxy. Trading of Monero on Beaxy began in 2019. Create an account today or log in if you’re already set up. If you want to acquire Monero (XMR), make sure that you have BTC, USDT, or USDC deposited into your account. If you have BTC, you can go straight to the XMR-BTC trading pair and enter the amount of Monero (XMR) you would like to buy with your BTC. The amount of BTC you will pay to purchase the XMR coins will be displayed on the order form. If you only have USDT or USDC in your account, you can swap them for BTC by using the USDC-BTC or USDT-BTC pair. If you already have Monero (XMR) and would like to exchange it for BTC, revisit the XMR-BTC trading pair and enter the amount of XMR you would like to sell. The amount of BTC you will receive will be displayed on the order form. Once you have acquired Monero (XMR) coins on the Beaxy Exchange, you can store them securely in your Beaxy wallet that has enhanced security through Curv’s custody solution. Curv adds an additional layer of security on the assets you hold on Beaxy by covering them with a distributed security model.