Why buy Monero with Kraken?

About Monero

What can you do with Monero?

Swap Monero for other assets

Learn more about Monero

1. How does Monero work?

   Unlike traditional currencies, Monero is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Monero. This decentralization means the holders and users of Monero can help to maintain the network.

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2. Where can I buy Monero?

   Most find that the easiest and most secure way to purchase Monero is through a reliable cryptocurrency platform like Kraken. While Monero can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Monero.

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3. How much does it cost to buy 1 Monero?

   At the current market rate, it costs $198.91 to purchase one XMR. Kraken makes it easy to buy & sell Monero with confidence.

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4. Can I buy $100 worth of Monero?

   Yes, Kraken offers a secure and easy to buy $100 worth of Monero. At its current price, $100 equals 0.5 XMR.

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5. Is Monero safe to buy?

   The Monero price can change dramatically based on market conditions. You should do your own research on Monero before buying.

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6. Is Monero available to buy and sell in my country?

   To find out if Kraken offers Monero in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Monero a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Monero may be a worthwhile purchase.

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8. Can I purchase Monero using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Monero?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Monero I can buy?

    You can buy as little as $10 worth of Monero on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Monero regularly.

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11. Can I buy Monero with a debit card?

    You can buy Monero using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Monero with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Monero using hundreds of other cryptocurrencies. Browse the Monero markets available on Kraken to see how much it costs to buy Monero with other cryptocurrencies.

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13. How can I keep my Monero safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Monero. When you choose to keep your Monero on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Monero?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Monero from Kraken to my crypto wallet?

    Yes, the Monero you buy on Kraken is yours. Kraken makes it easy to withdraw your Monero to any hot wallet or cold wallet that supports Monero. Simply enter the external wallet address and your Monero will be in your wallet a few moments later.

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16. Is it safe to leave my Monero on Kraken?

    We take every measure possible to keep the Monero you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Monero. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Monero?

    The current circulating supply of Monero is 18,428,056 XMR.

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