BEST MONERO EXCHANGE IN UK

                  BEST MONERO EXCHANGE IN UK

                        Monero (XMR) is a privacy focused cryptocurrency derived from the CryptoNote protocol. The coin is an open source project maintained by a group of dedicated core developers and a community of open source contributors and researchers, XMR has a large number of GitHub activity compared to most coins. Monero’s aim is quite simple, digital currency that has the anonymity of cash, and privacy by default.

Information for traders looking to Invest in Monero:

                        Once Monero hits 18.4 million coins in circulation, the amount of XMR coins supplied will slow down to a rate of 0.3 Moneroy (plural of Monero) a minute. They have chosen to do this to focus on securing the blockchain, and it isn’t that far away.

                        There are currently 15,481,770 XMR in circulation. Just to clarify, unlike Bitcoin which will stop mining new coins when the supply reaches 21 million, Monero will change from a decreasing emission rate to a constant one. So there are gradually less coins being created, and this will settle at a rate of 0.3 coins per minute.

Investing in Monero (XMR) Using J and B Exchange:

                         If you would rather buy Monero directly you need an exchange. I recommend J AND B EXCHANGE because that is what I use. It is a U.K regulated exchange with a wide spread of markets. They don’t trade fiat for cryptocurrencies, so you will need to send currency to a wallet before trading on their cross chain.

Buying Monero on J and B:

                          Other Exchanges only allows you to buy four cryptocurrencies on its platform; bitcoin, ethereum, litecoin and bitcoin cash. Meaning there is no room for Monero or other altcoins. Buying monero directly with fiat currency is difficult, here at J and B Exchange we are yet to find anywhere that we would recommend. We still feel the safest and most reliable process to purchasing monero is to buy bitcoin first and then to exchange it for monero. There are plenty of exchanges on the market at the moment, but we feel J and B offers a great deal of value and security. The issue with buying bitcoin first is that fees can start to rack up in the exchanges between crypto coins.

MONERO EXCHANGE

How Do You Trade Monero?

                            You can buy and sell Monero like any other cryptocurrency on the market. The easiest way to purchase Monero to create an account on J and B exchange that supports fiat currency storage and Monero transfers. 

                              Here’s how it works. First, create an account with your J and B exchange. You may need to provide a bit of personal information (like your address or a scan of your photo ID) before you can start buying and selling coins. Then, link a payment method like a bank account or credit card. Take a look at the market and decide when you want to buy Monero. Then, submit a buy order for the amount of Monero you want.

                                     Cryptocurrency exchanges work in largely the same manner as stock exchanges. The exchange will fill the order on your behalf if someone sells their Monero at the price you specified. Your order may take some time to fill if no one sells their Monero when you place the order.