How to Buy Monero (XMR)

XMR offers tech-savvy users a number of features that enhance privacy, and the project has shown a commitment to being among the first to add the latest cryptographic advances. (You can find more details on Monero’s technology and history in our ‘What is Monero?’ guide.)

So, if you’re already sold on Monero, this guide will teach you how to buy XMR on Kraken, the trusted digital asset exchange, taking you from funding your account to executing your order.

Still, if you’re new to the market, you may want to first read our guides on other privacy cryptos like Zcash and Dash, which are both available on our exchange, before buying XMR. 

If you’re a tech lover eager to understand cutting-edge advances in cryptography, XMR may be a cryptocurrency that can capture your imagination and attention. 

Likewise, if you’re simply an opportunistic investor who believes crypto users will continue to seek assets with strong privacy, you can place a speculative bet on that future on Kraken. 
 

Sure, you can search online for an individual seller or drive to a crypto-enabled ATM, but the most convenient way to buy XMR might be through a trusted exchange like Kraken. 

Kraken is consistently rated one of the most secure and trusted crypto exchanges in the world, and we’re continuously looking for new assets that meet our listing guidelines. This means you’ll be able to buy and sell the market’s latest innovations with ease on our platform. 

At Kraken, we take security seriously using battle-tested techniques and procedures that have been proven to protect client funds. We don’t spare expenses on security and we believe you shouldn’t settle for anything less. 

1. Sign up for an account
   Enter an email address on our sign-up page, select a new username and be sure to create a strong password for security.

2. Verify your account
   The easiest way to get started might be to purchase XMR with a currency you already own (like GBP, USD or EUR). However, in this case, you’ll need to provide supporting documents verifying your identity and linking external accounts. For more details about our onboarding process, check out our verification levels documentation.

   You can also buy XMR with other cryptocurrencies like bitcoins or litecoins by providing your full name, date of birth, country of residence and phone number.

3. Deposit crypto or fiat currency
   For purchases with fiat currencies, we offer a variety of funding methods depending on where you live and your account preferences. (Before getting started, browse through our support documents to find the best option for you.)

   To deposit crypto, you’ll just need to begin by generating a deposit address and sending the funds from your existing wallet to that address.

4. Buy XMR!
   Once your funds are transferred to your Kraken account, you’re all set to buy XMR. Simply open the New Order page, fill out the order form and click BUY. With your Kraken account, we also provide access to 24-hour global client support, advanced order types, charting tools and leveraged trading options

Monero may be private by default, but that doesn’t automatically make it secure. This means that once you’re done buying XMR, you’ll need to take steps to secure your funds. 

The best way to do this is with a Monero wallet, which will allow you to send, receive and store your XMR. There are many types of wallets you can choose from to secure your XMR. The option you select will depend on your security and spending preferences. 
 

If you’re ready to take the next step and want to buy XMR, click the button below! Still have questions on how to proceed? Contact our 24-hour global client support.