Buy or Sell Monero Anonymously, Quick and Easy — LocalMonero (2024)

FAQs

How can I get XMR instantly? ›

LocalMonero is the biggest, most trusted and well-established P2P Monero exchange in the XMR community. We have no KYC checks - you can simply buy Monero anonymously without ID verification with PayPal, credit card, gift card, cash by mail or convert bitcoin to Monero - our platform supports any payment method.

You can buy Monero with a credit or debit card on a crypto exchange like Coinbase or Coinmama. You'll need to create a Monero wallet (an account) and get it approved before being able to buy.

Monero transactions are confidential and untraceable.

Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default.

Based the mining hardware inputs provided, 0.00826742 Monero can be mined per day with a Monero mining hashrate of 42,000.00 H/s, a block reward of 0.65 XMR, and a Monero difficulty of 285,303,075,619.00.

Best Monero Mining Pools

NanoPool allows users to mine several digital coins, including XMR. You can mine Monero both with your CPU and GPU. MoneroOcean makes it possible to mine Monero or even more profitable coins but still get payments in XMR. SupportXMR is the best Monero miner when it comes to community.

Through Kraken, you can easily buy Monero with as little as $10. Simply create an account and get verified then connect your funding method. If you hold cryptocurrency, the easiest way to buy XMR is to open a Starter level Kraken account, transfer your crypto assets to your account, then use it to buy XMR.

CipherTrace has become the first company in the world with the ability to trace Monero (XMR) transactions. “Monero (XMR) is one of the most privacy-oriented cryptocurrencies,” said Dave Jevans, CEO of CipherTrace.

Do you know how long it takes to mine one Monero coin? A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.

Is Monero legal in US? ›

Is Monero Illegal? Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable.

Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.

Monero's prevalence in the cybercrime world mostly comes down to one key component of its design: anonymity. Of course, the vast majority of cybercriminals want to remain anonymous at all times to evade the authorities, so it's expected for these malicious individuals to do what they can to conceal their identity.

LocalMonero is probably the most trusted and well-established P2P Monero exchange in the XMR (Monero) community - and there's no KYC checks.

Coinbase CEO explained on a podcast why the exchange hasn't listed Monero. CEO Brian Armstrong said regulators have expressed discomfort with privacy coins. He said they have a more conservative approach to listing than Binance or Kraken.

If the number of miners increases, the network hashrate goes up. The effective block find time becomes lower than the preset value. As a result, the network gradually increases its difficulty, that is, the difficulty of a problem that miners are solving.

It's for sure the best thing to join a pool - unless you have a really high hash-power. If you own a data center you can go on and solo mine but in nearly any other case, it's more profitable to use a mining pool. Apart from profitability, for the Monero network it doesn't make a big difference if you solo-mine or not.

A Monero transaction time can be as short as the generation of one block in 2 minutes. However, 10-15 levels of blocks is needed for irreversibility, thus the safe transaction time is 20-30 minutes.

Typically, this should not take more than 20 minutes. However, during periods of high network traffic, it may take longer. Monero wallets require at least 10 confirmations of any transaction before being able to send or exchange. You can always check your pending transaction on the blockchain.

Why is it so hard to buy XMR? ›

The only way to buy it is to use a centralized cryptocurrency exchange. However, financial authorities around the world have been somewhat hostile towards Monero's privacy concept. That means that it may be difficult for you to find a crypto exchange that will sell you XMR.

XM withdrawal time

Unlike some deposit options, withdrawal is rarely instant. We tested withdrawal at XM and it took 2 business days, which is fairly average.