How You Can Buy Monero in the UK

Our best choice:

libertex
Overall Rating: 
5/5 stars

Quality

speed

cost

Since 2014, there has been a very special online currency: Monero. The special feature: With this privacy coin, the main focus is on data security and the anonymity of the users. Here you can find out how and where you can best buy/sell Monero!

You can also find important information here about which exchanges are available and whether you can also get XMR coins with PayPal, SOFORT transfer and the like.

Buy Monero

Buy Monero: What should you look out for to buy Monero cheaply & safely?

As Monero has some differences to Bitcoin in terms of privacy, scalability as well as data security, there are also some differences when buying/selling. Above all, you should pay attention to the following factors:

  • Where is the best place to trade Monero? Our recommendation clearly goes in favour of Libertex. Unlike many other providers in the market, the broker has an extremely favourable fee model and offers access to CFD trading.
  • Should I hold Monero for the long term, use it for IoT applications or speculate on the price? The best way to deal with Monero depends on your own investment goals. If you believe in a glorious future, then a long-term strategy makes sense. In this case, it is worth buying the tokens directly and storing them in a wallet.
  • How does a Monero wallet work? The wallet is the digital wallet. It serves to store the cryptocurrencies, but also gives the user the address for sending and receiving the coins. There are different types of wallets, which are best studied separately.
  • Is an investment in Monero worthwhile?Monero is undoubtedly interesting. Investors should bear in mind that cryptocurrencies are always risky investments. Often, these have paid off, especially in the crypto sector. Unfortunately, this does not give any guarantees for future developments.

Where to buy cheap Monero? Our broker and exchange comparison - buy Monero with the lowest fees:

1. fully regulated broker
2. numerous awards
3. Libertex experience for more than twenty years

1. user-friendly platform
2. 0% commissions
3. deposit from 20€

1. many tradable assets
2. excellent trading platform
3. European licence

1. Many cryptos to choose from
2. High security
3. Integrated trading tools

bittrexs

1. Huge selection of coins
2. Own wallet
3. Good user interface

Buy Monero at Coinbase, Binance, Bison & Comdirect - Why we alternatively recommend Libertex

As you can see from the overview above, there are several providers in the market. So why do we recommend Libertex of all places?

The best way to explain this question is to compare different trading platforms that offer similar, but not always the same services.

Coinbase

The basic structure of Coinbase's offer is very attractive. Here, the focus is really on easy handling.

But that doesn't help us either, as we couldn't discover any Monero coins even after intensive research.

And so we have to continue our search, as Coinbase also fails as a Monero provider.

Binance

Binance is considered the world's largest crypto exchange. So we are finally dealing with a provider that can show various XMR currency pairs.

These include, for example, trading pairs with the Binance Coin, with Ethereum or also with Bitcoin.

However, the platform still lacks an EU licence. It relies on a Chinese company, which we can only recommend to a limited extent.

Bison

We would also like to mention Bison. After all, this is a offering from the Stuttgart stock exchange. So accordingly, a lot of quality is to be expected, right?

Basically yes, but not when it comes to trading Monero. The cryptocurrency is simply not included in the offer.

Comdirect

comdirect logoOne or the other crypto index can indeed be found in the portfolio of comdirect Bank. However, coins from the second tier tend to be neglected. Thus, we do not find an option to invest in Monero here.

But we would not really have expected this.

Libertex

Libertex AppLibertex can simply circumvent the weaknesses of the other platforms.

Although you have to compromise with CFD securities, you are on the safe side from a legal point of view and have the opportunity to trade the XMR cryptocurrency at all.

Our recommendation for the broker is correspondingly clear.

Should you buy Monero or not? Our reasons for buying!

No other privacy coin convinces as many investors as Monero. With its sophisticated system of ring signatures and stealth addresses, Monero has become one of the best-established cryptocurrencies on the market - as evidenced by its good ranking on CMC: according to Marketcap, Monero is in 12th place in December 2018. For the current ranking, visit CMC.

If the crypto exchanges experience hype again, it is almost certain that Monero will benefit from it, probably more than other privacy coins such as Verge or Zcash. The spread of Monero as a means of payment, for example in the dark net, and generally for confidential financial transactions, suggest that the cryptocurrency will be relevant for a long time to come.

In our view, there is little to be said against investing in Monero - apart from the general volatility of the cryptocurrency market. Given the very favourable prices in December 2018 compared to the previous year, the timing could be just right for an investment in Monero. However, it is also conceivable that prices will fall even further and that a renewed hype will not emerge.

Buy Monero as a CFD or real cryptocurrencies?

Our guide to a Monero investment should make it clear that there are basically two different ways to approach the investment.

You can either use CFD securities or buy the real cryptocurrency. But what is suitable for whom?

Basically, we can recommend CFD trading, also because you can use the EU-licensed broker Libertex.

This means you are on regulated terrain and in a familiar environment. A wallet is not even necessary and you do not need any great technical knowledge to handle the digital currencies.

Buy Monero

What are Monero CFDs?

Now we advise you to invest in Monero with Libertex, a broker that is primarily known for its excellent CFD offers.

But what is a Monero CFD anyway? If you are still completely new and inexperienced in this field, then it is worthwhile to take a look at our guide to CFD trading.

But here we also want to give a brief overview of how trading in this way works.

CFDs are so-called derivatives. This trading commodity is purely financial products that use the price of certain assets as the underlying.

This way, you can either bet on rising or falling Monero prices without having to buy the cryptocurrency yourself. This of course reduces the capital to be invested, but is also associated with an increased risk of loss.

In the end, the return is the difference between the price at the opening of the position and the closing price.

On the other hand, such CFDs are primarily suitable for day traders who already have some experience in trading. The trading commodity can involve high risks, also because fees can arise when holding positions.

So here you should know what you are doing. Beginners should therefore first visit a trading demo account before they dare to trade with real money.
monero-xmr-cryptocurrencies

Monero Trading - Should you hold Monero long term or trade short term?

In Monero trading, the question is whether long-term or short-term strategies are better. This is also a question of the commodity you choose to trade.

This topic has already been dealt with a few times on this page, but we would like to mention it again for the sake of completeness.

CFD positions are mainly useful for short-term investments. Longer deals are possible, but not always recommended because overnight fees can be incurred.

So if you have your sights set on the cryptocurrency itself and want to tie it into your portfolio for the long term, you should open a Monero wallet and store the tokens there.

Does it make sense to invest in Monero?

Whether a Monero investment actually makes sense in the end depends on one hand on one's own expectations and investment goals, but on the other hand clearly on the return.

Before making a potential trade, it is therefore important to define your own goals first. Perhaps one is more interested in the technology itself and would like to use the coins one day.

In that case, the coins could still be available at a favourable price. However, such developments are still dreams of the future, so let's take a look at alternative assets from the crypto sector that also seem attractive.

Buy or Sell Monero? Our pros & cons analysis


There are various arguments in favour of investing in Monero. However, we also want to look at the other side and thus look at the counter-arguments for an investment.

First of all, we are dealing with an extraordinarily experienced team of developers. This is essential for the technology and by far not every cryptocurrency is equipped with so much know-how.

Pros

  •    Good developer team
  •     Best-established privacy coin on the market
  •     Excellent protection of sender and recipient identities
  •     Overall well established cryptocurrency

Cons

  • General risk of the investment

As a so-called privacy token, there is a special focus on data protection and the anonymity of the users. Thus, it has long since set itself apart from other tokens that only guarantee apparent anonymity.

All in all, Monero has also been established on the market for some time now, which reduces the risk of investment somewhat.


Monero (XMR) is a decentralised, blockchain-based cryptocurrency that, as a privacy coin, focuses on data security and the anonymity of its users. In this respect alone, Monero is clearly different from Bitcoin. Other special features of the altcoin Monero are the self-developed proof-of-work algorithm CryptoNight, the particularly high scalability, and the decentralised mining of the coin: Monero's memory affinity ensures that separately manufactured mining devices do not gain any advantage over commercially available home PCs - unlike Bitcoin, for example. This is why Monero is also suitable for private individuals to mine. The word "Monero" is taken from the planned language Esperanto and means something like "coin" or "currency".

According to Monero, over 240 developers have already been involved in the project, around 30 of whom are referred to as the "core team". Monero was created in 2014 and has been able to build up a stable user base in the past thanks to its reliability and functionality. Currently, more than 1.4 billion euros are invested in Monero. (Market capitalisation - Monero) Thanks to the technology used, Monero encryption is considered virtually unbreakable and the transactions are therefore particularly confidential.

Buy Moneros

Ring and stealth

Monero uses so-called ring signatures and stealth addresses to protect the identities of both senders and recipients of the cryptocurrency. Ring signatures publish a part of the account key and combine it with public keys from the Monero blockchain. It is therefore impossible for third parties to distinguish which key segments point to the identities of the parties involved and which do not. Outsiders can view the transactions on the Monero blockchain, but they cannot assign them to individuals.

Monero is therefore often used as a means of payment for illegal goods and substances in the dark net, as well as presumably a variety of other financial processes that belong to the illegal spectrum. Since 2014, Monero has been used by holders of other cryptocurrencies to make transaction relationships unrecognisable, for example by first exchanging Bitcoin for Monero, which in turn is sold for Bitcoin after some time and finally sent to a previously unused address.

Monero Wallets: Which wallets are useful for storage?

What about the need for a Monero wallet? Crypto currencies are characterised by the fact that they are managed in such digital wallets.

So without an electronic wallet, one will have no way to manage, send or receive the crypto assets. Anyone who wants to own Monero will therefore have no choice but to look for a wallet provider.

Which wallets are useful

Historical Monero exchange rate: Important milestones in the history of Monero

The cryptocurrency has had its share of highs and lows. We show the most important milestones in the history of Monero.

Historical Monero exchange
  •    Release of the first Monero Coins in April 2014 for around 16€.
  •     Due to the hard fork of the new cryptocurrency MoneroV and the generally burgeoning crypto market, Monero gains and jumps from €90 to an incredible €400.
  •     Like all cryptocurrencies, Monero suffers from the collapse of Bitcoin and falls to €80.
  •     Due to the payment option in popular games such as Fortnite, Monero continues to gain in importance and has now settled at €100.

Monero Buy Paypal: Where to buy Ethereum with Paypal

This page is all about buying Monero. Again and again we are confronted with the question whether it is possible to use PayPal for an investment.

The short answer is: Yes. In any case, we recommend Libertex, a CFD broker that has integrated PayPal as a payment method. Although you are limited to derivatives, they are sometimes very suitable for Monero trading.

With real tokens, the situation becomes more tricky. Although the payment service provider itself has now integrated cryptocurrencies, the company refers to the largest digital currencies such as Bitcoin or Ethereum.

So if you want to buy Monero with PayPal, you can do so if trading is the main focus. If not, you have to resort to other payment methods.

Is it possible to buy Monero anonymously?

Monero advertises its cryptocurrency with the extraordinary anonymity, which is supposed to be significantly higher than with other digital currencies. Accordingly, the coin is a so-called privacy coin.

If you complete a transaction in the network, it is hardly traceable for third parties who has sent how much to whom. So it is definitely possible to buy Monero anonymously. However, the question is where to do it.

Even larger exchanges without an EU licence and the obligation to comply with certain regulations now require their users to provide certain data.

So if you buy a Monero token, the transaction is at least known to the operator of the platform. If you go a little further in your search for other ways to actually buy Monero anonymously on the internet, you are sometimes on extremely thin ice.

We advise against such investments, as fraud can often occur in this regard. In this respect, it is better to give your data to everyone in the context of a verification and then invest safely and seriously via Libertex.

Can you buy Monero without verification?

VideoIdentIn the meantime, verification has also found its way into the cryptocurrency market. Be it Coinbase, Binance or other crypto providers, with all of them you have to confirm your account or identity in some way.

This is also intended to prevent international money laundering. So if you want to buy Monero without verification, you might have a problem. We will explain why in the next paragraph.

Can I buy Monero without registering?

We don't want to repeat ourselves too often. Those who ask for verification often mean complete registration.

How nice it would be to find an offer online and be able to get Monero coins there without providing further data or creating an account.

However, the reality is different. Security comes first and therefore the various platform operators require registration.

Buying Monero without registration is thus theoretically only possible if you can turn to friends or acquaintances who have an XMR balance. Then you could buy their coins from them.


81ijwC5VFmL._AC_SX425_

Is it possible to buy Monero offline?

If you use the method described above, you can also buy Monero offline. Nevertheless, it is doubtful that you will find someone who has cryptocurrencies in his portfolio at all.

If you do find someone who owns Monero and wants to sell their tokens, you can buy XMR offline.

This is also the only way we can recommend in good heart. There are no ATMs for Monero, as we know them from Bitcoin, for example.

If you discover offers on the internet, be it on the dark web or in classified ads, you should avoid them as soon as possible.

Too often there is crypto fraud, which is even more difficult to detect, especially with Monero, because the fraudsters can remain quite anonymous.

Alternatives to Monero: trade other cryptocurrencies or shares

In various forums, people like to discuss how to trade Monero shares. Such interested traders are a little ahead of their time.

So far, you actually have to make do with the tokens in Monero. But it is not said that one should not get the opportunity in the future. To be kept up to date, it is worth regularly checking the crypto scene news.

Alternative 1: Monero shares

One option would be to invest now in such corporations that have started a cooperation with Monero. Like Tencent or the Epic share, for example.

    Epic share: Through the partnership with the Epic Games Studio, it is possible to buy in games like Fortnite with Monero. So these two shares are connected.
    Tencent share: Tencent is invested in many companies that publish games in which you can pay with Monero. It can therefore be assumed that the success of the Tencent share will continue to positively affect Monero and gain even more acceptance.

Alternative 2: Opportunities in the field of cryptocurrencies

Apart from that, there are also other cryptocurrencies that definitely have potential:

    Buy Bitcoin: The top dog among cryptocurrencies is considered by many to be the "digital gold" and one of the most stable cryptos in terms of value.
    Buy Ripple: With the backing of many banks, Ripple is a good alternative to Monero
    Buy Ethereum: Ethereum is the solution for smart contracts and follows a broadly similar approach to Monero

Alternative 3: Crypto stocks

Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have been able to post strong profits so far.

    Bitcoin shares: If you think that Bitcoin will outperform Monero, Bitcoin shares are a good alternative.
    NVIDIA shares: NVIDIA produces important graphics chips especially for mining - if the crypto boom continues, NVIDIA is certainly a good investment.

How to sell Monero again: Our Libertex guide

At the beginning of this page, we looked at how to buy Monero and presented you with a guide on how to do so.

Now let's review how to sell Monero again. So, to conclude, here is another guide.

First step: registering with Libertex

If you have not registered yet, the first step is to create an account. Then use the login window to access the trading overview by means of user name (e-mail) and password.

Second step: Navigate to the trading window

Now we need to navigate to the cryptocurrency. This is easily done by typing either "Monero" or "XMR" into the appropriate search box.

Of course, you can also use the general overview of the crypto markets to simply scroll through the offer here.

After all, you can also find other digital currencies.

Third step : Shorten Monero or close Buy position

Now that we are dealing with CFDs, we have two options to actively sell Monero. The first option does not even require a previous investment in XMR.

These are called short positions. These are made possible by means of derivatives, even if one does not own the assets. In this way, one hopes for a price decline in order to profit from it.

The other possibility is when one has previously opened a buy position. To realise profits (or minimise losses), one closes this buy position.

The difference between the opening and closing price is then entered into the account.

Conclusion: To buy Monero or not?

Monero is an exciting cryptocurrency. After intensive research, it became clear to us that the best way to invest is via CFDs from the broker Libertex.

This is particularly suitable for short-term positions, which sometimes allow strong returns. However, a balanced portfolio and a healthy distribution of risk should always be taken into account.

The Privacy Coin therefore looks particularly good in a multi-asset portfolio that may consist of cryptocurrencies as well as equities and ETFs. Libertex offers attractive access to all these assets.


Recommendation: Buy Crypto at Libertex

  •    Top Crypto Broker
  •     Premium Plus Partner Valencia FC
  •     Mobile Apps
  •     213 Cryptos & other assets
  •     0 Spread
libertex

FAQ

How to trade Monero?

You can trade Monero with real money via instant transfer, SEPA and other payment methods on the AnycoinDirect platform described above.

Alternatively, if you already have Bitcoin, you can exchange XMR for Bitcoin instead. You can buy/sell Monero with Bitcoin on Libertex, for example. On both crypto exchanges you can also trade other cryptocurrencies such as Ethereum.

Is it possible to buy/sell Monero with a credit card?

Despite a long search, we could not find an exchange on which it is possible to buy/sell Monero with a credit card directly.

However, you can trade Monero with a credit card in a roundabout way by first buying Bitcoin and then exchanging it for XMR. You can find out how to do this in our instructions at the top of this page.

Is it possible to trade Monero with Paypal?

Unfortunately, buying Monero with Paypal is not possible on any of the exchanges we use.  

Will Monero continue to increase in value?

Monero is expected to benefit when the market as a whole starts to grow again.

Do I need a Monero Wallet?

Not mandatory, but we recommend it.

However, some crypto exchanges also require it. For example, if you use AnycoinDirect, which we recommend, you have to create a wallet beforehand. A wallet also protects you from eventualities such as the unexpected insolvency of your exchange platform. Without a wallet, you can hold Monero on Kraken, for example.

Can I use my Bitcoin Wallet?

It depends on whether your wallet also supports the cryptocurrency Monero. If in doubt, it is advisable to ask the provider directly. However, most wallets now support several coins.

What is the best way to trade Monero?

We recommend Libertex for trading Monero. Here you can buy Monero securely with brilliant customer support.

If you want to buy Monero with real money, we recommend the crypto exchange AnycoinDirect.

Hi, my name is Benzion. I have twelve years of experience in the Forex industry, and I have launched two successful crypto trading services. I have in-depth experience on several blockchain networks like Bitcoin, Etheruem, EOS, Cardano, Hyperledger, ICON, Komado, etc. I also have in-depth knowledge of blockchain techniques, including various consensus mechanisms, DLT, smart contracts, security, and privacy measures. Benzion Friedman