Coinbase is a good choice for buying Monero because it is a highly secure and reputable platform with a user-friendly interface. It provides a simple process for purchasing cryptocurrencies, including Monero, with various payment methods such as bank transfers and credit cards. Coinbase offers strong security measures, including two-factor authentication (2FA) and insurance in case of breaches. Additionally, it complies with regulatory standards, making it a reliable option for users seeking to buy Monero in a regulated environment. Coinbase also provides access to a wide range of educational resources to support new users.
The following table summarizes the most important information:
Factor
Quick info
License
US money transmitter, in S&P 500 since 2025
Fees
0,15%
Costs per $10.000
$15,00
Support
24/7 hotline & chat
Security
≈ 98% in cold storage.
KYC Process & Limits
Video verification < 10 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Video tutorial: How to buy XMR on Coinbase
Supported Cryptocurrencies
Cryptocurrency
Ticker
Available Trading Pairs
Bitcoin
BTC
BTC/USD, BTC/EUR, BTC/GBP
Ethereum
ETH
ETH/USD, ETH/BTC, ETH/EUR
Litecoin
LTC
LTC/USD, LTC/BTC
USD Coin
USDC
USDC/USD, USDC/EUR
Cardano
ADA
ADA/USD, ADA/BTC
Solana
SOL
SOL/USD, SOL/BTC
Polkadot
DOT
DOT/USD, DOT/BTC
Chainlink
LINK
LINK/USD, LINK/BTC
Pro Tips:
Always verify the availability of trading pairs before depositing funds to avoid additional conversions.
Consider trading major currencies like BTC or ETH initially, as they provide the most liquidity and lower spreads.
Supported Payment Methods
Payment Method
Currency Supported
Processing Time
Fees
Bank Transfer (ACH)
USD
1–5 Business Days
Free
SEPA Transfer
EUR
1–3 Business Days
Free
Wire Transfer
USD, EUR, GBP
1–3 Business Days
$10 Incoming, $25 Outgoing
Credit/Debit Card
USD, EUR, GBP
Instant
3.99%
PayPal
USD, EUR
Instant
3.99%
Pro Tips:
Use bank transfers if you’re cost-sensitive, as they have significantly lower fees compared to cards.
For instant transactions and ease of use, PayPal or card transactions are convenient but carry higher fees.
Trading Costs for $1,000, $10,000, and $100,000
Trade Volume
Taker Fee
Maker Fee
Total Cost (Taker)
$1,000
0.60%
0.40%
$6.00
$10,000
0.40%
0.25%
$40.00
$100,000
0.20%
0.10%
$200.00
Pro Tips:
To minimize trading costs, aim to be a “maker” by placing limit orders instead of market orders.
Check Coinbase’s fee tiers frequently, as higher trading volumes can qualify you for significantly lower rates.
Additional tips
When buying Monero (XMR) specifically, it’s crucial to note that Coinbase doesn’t directly support Monero trading. To acquire XMR, you must first purchase Bitcoin (BTC) or Ethereum (ETH) on Coinbase and transfer these cryptocurrencies to an exchange supporting XMR pairs, such as Binance, Kraken, or KuCoin. Always double-check withdrawal and network fees when transferring between exchanges to avoid unexpected charges.
For additional privacy, use a dedicated Monero wallet like Monero GUI or Cake Wallet, rather than leaving your XMR on an exchange. Monero is designed for enhanced privacy; ensure your transactions align with local regulations regarding privacy coins to avoid potential compliance issues.
As a general security practice, enable two-factor authentication (2FA) on Coinbase and all other exchanges you use. This greatly enhances your account security, reducing the risk of unauthorized access. Additionally, stay vigilant against phishing attempts—always confirm you’re visiting the official Coinbase website and never share your credentials or 2FA codes.
Finally, it’s wise to monitor crypto market volatility actively, especially with privacy-focused coins like Monero. Stay updated on regulatory news to anticipate potential price swings and act accordingly.
Buy Monero on Binance
Key facts about Binance
Binance is a great choice for buying Monero due to its wide selection of cryptocurrencies and competitive fees. It offers high liquidity, making it easier to execute large trades efficiently. Binance supports various payment options, including bank transfers, credit/debit cards, and even P2P trading. The platform provides advanced trading features for experienced users while maintaining a user-friendly interface for beginners. Binance also prioritizes security with two-factor authentication (2FA) and cold storage for digital assets. Additionally, it operates in many countries and complies with regulatory requirements, offering a trustworthy environment for purchasing Monero.
Here are the key details at a glance:
Factor
Quick info
License
US money transmitter
Fees
0,10%
Costs per $10.000
$10,00
Support
24/7 hotline & chat
Security
≈ 90% in cold storage.
KYC Process & Limits
Video verification < 60 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Binance Video Tutorial: How to Buy XMR
Supported Cryptocurrencies
Cryptocurrency
Ticker
Trading Pairs on Binance
Monero
XMR
XMR/BTC, XMR/USDT, XMR/BNB
Bitcoin
BTC
BTC/USDT, BTC/ETH, BTC/BNB
Ethereum
ETH
ETH/USDT, ETH/BTC, ETH/BNB
Binance Coin
BNB
BNB/USDT, BNB/BTC
USD Tether
USDT
Major stablecoin base pair
**Pro Tips:**
1. Before depositing, confirm the exact pair you’ll use—e.g., XMR/USDT or XMR/BTC—as liquidity varies significantly.
2. Using BNB to pay fees gives you a 25% discount and reduces overall cost when trading XMR pairs.
Supported Payment Methods
Method
Currency
Processing Time
Fees
Bank Transfer
USD, EUR, GBP, Others
1–3 Business Days
0–€1 (varies by country)
Credit/Debit Card
Multiple fiat currencies
Instant
1.8–3.5%
Peer-to-Peer (P2P)
Local currencies
Within minutes
User-set; often 0–1%
Binance Pay
Supported crypto balances
Instant
0% (promo may apply)
**Pro Tips:**
1. Use P2P to access localized payment options—lower fees, competitive pricing, and more privacy.
2. Opt for Binance Pay if you already hold crypto; it’s free and fast, avoiding fiat conversions charges.
Trading Costs for $1,000, $10,000, and $100,000
Trade Volume
Taker Fee
Maker Fee
Total Cost (Taker)
$1,000
0.10%
0.10%
$1.00
$10,000
0.09%
0.09%
$9.00
$100,000
0.08%
0.08%
$80.00
**Pro Tips:**
1. Hold at least 50 BNB in your account to reduce fees by up to 25%—that drops your taker fee to ~0.075%.
2. Always set up limit orders (maker) when possible; taking liquidity costs more, even if it’s a few cents per trade.
Additional tips
Transferring funds from Binance to buy Monero requires a multi-step process if you hold fiat: first deposit via bank, card, or P2P, convert to a major trading pair (like USDT or BNB), then navigate to the XMR trading pair you want. Always confirm withdrawal fees and minimums before executing a trade. Binance typically asks network fees in crypto—make sure you’re comfortable with minor timing delays and variable gas costs.
To maximize privacy when holding XMR long term, transfer to a non-custodial wallet such as the official Monero GUI or the Cake Wallet on mobile. That way, you avoid exchange counterparty risk. Also enable Two-Factor Authentication (2FA) and whitelist withdrawal addresses on your Binance account to secure funds.
Stay informed of regulatory changes in your country—privacy coins like Monero sometimes face scrutiny, and availability could change. Finally, start small to test timing and fees, refine your approach, and then scale. By treating each step intentionally, you avoid mistakes and unexpected costs when buying XMR on Binance.
Buy Monero on Kraken
Key Facts About Kraken
Kraken is a solid choice for buying Monero because of its robust security features, including two-factor authentication (2FA) and cold storage for assets. It offers low fees and a user-friendly interface that caters to both beginners and advanced traders. Kraken is known for its high liquidity and fast transactions, ensuring a smooth buying experience. The platform complies with regulatory standards, providing a safe and reliable environment for purchasing cryptocurrencies like Monero. Kraken also supports a variety of payment methods, such as bank transfers and wire transfers, making it accessible for global users.
See the table below for essential details:
Factor
Quick info
License
US money transmitter and worldwide licences
Fees
0,16%
Costs per $10.000
$16,00
Support
24/7 hotline & chat
Security
≈ 90% in cold storage.
KYC Process & Limits
Video verification < 120 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Step-by-step video guide to buying Monero on Kraken
Supported Cryptocurrencies
Cryptocurrency
Ticker
XMR Pairs on Kraken
Monero
XMR
XMR/USD, XMR/EUR, XMR/USDT, XMR/BTC
Bitcoin
BTC
BTC/USD, BTC/EUR, BTC/USDT, BTC/CAD
Ethereum
ETH
ETH/USD, ETH/EUR, ETH/USDT
Other Major Coins
—
ADA, SOL, DOT, etc. via spot and Pro markets
Kraken supports Monero trading across four direct spot pairs: USD, EUR, USDT, and BTC—enabling you to buy XMR with fiat or convert from another crypto :contentReference[oaicite:1]{index=1}. Additional assets like BTC, ETH, ADA, SOL, DOT, and more are available on both the standard and Pro platforms :contentReference[oaicite:2]{index=2}.
**Pro Tips:**
1. Choose XMR/USD or XMR/EUR for best liquidity and tighter spreads—stablecoin and BTC pairs may have lower volume.
2. Use the “Convert” tool for seamless swaps to XMR when direct pairs aren’t available in your region :contentReference[oaicite:3]{index=3}.
Supported Payment Methods
Method
Currency
Processing Time
Fees
Bank Wire / ACH
USD, EUR, CAD, GBP, CHF, AUD, JPY
1–3 business days
Free–low (varies by currency)
Credit/Debit Card
USD, EUR
Instant
2–3% + spread
PayPal
USD, EUR
Instant
Regional; often 3–4%
Crypto Deposit
Crypto (e.g., BTC)
Minutes
Network fee only
Kraken supports seven fiat currencies for direct XMR trading and deposits (USD, EUR, CAD, GBP, CHF, AUD, JPY) :contentReference[oaicite:4]{index=4}. You can fund via wire/ACH, credit/debit card, PayPal (in select regions), or transfer crypto directly :contentReference[oaicite:5]{index=5}.
**Pro Tips:**
1. Use bank wire or ACH in your fiat region for lowest fees—credit cards are fast but expensive.
2. Deposit BTC or USDT directly if you hold crypto elsewhere to avoid fiat fees altogether.
Trading Costs for $1,000, $10,000, and $100,000
Monthly Volume
Maker Fee
Taker Fee
Taker Cost on Trade
$0–10k
0.25%
0.40%
$4.00 on $1,000
$10k–50k
0.20%
0.35%
$35.00 on $10,000
$50k–100k
0.14%
0.24%
$240.00 on $100,000
Kraken Pro uses a maker-taker fee schedule tied to your 30‑day volume :contentReference[oaicite:6]{index=6}. For $0–10k/month, maker is 0.25% and taker is 0.40% :contentReference[oaicite:7]{index=7}. Volume tiers decrease fees progressively.
**Pro Tips:**
1. Always use limit orders (maker) to reduce fees by ~40% compared to market taker orders.
2. If you trade frequently or larger amounts, consider Kraken+—it offers zero trading fees up to $10k/month via Convert/instant trades :contentReference[oaicite:8]{index=8}.
Additional tips
Kraken’s listing of Monero is subject to regional regulation—XMR is delisted in some EEA countries (e.g., Ireland, Belgium), so verify regional availability before investing :contentReference[oaicite:9]{index=9}. For transactions, link your verified account, ensure you meet intermediate/pro tier limits, then fund your fiat or crypto account. Use the “Buy Crypto” or “Convert” tools for straightforward XMR purchases, with no minimum beyond $10 :contentReference[oaicite:10]{index=10}.
To secure your holdings, enable Two-Factor Authentication (2FA) and set withdrawal whitelists on Kraken. For long‑term holding, consider moving XMR to a non‑custodial wallet like Monero GUI or Cake Wallet to maintain privacy and reduce exchange risk. Monitor spreads: instant and card purchases include hidden spreads, so preview before confirming.
Kraken allows recurring buys; while convenient, be mindful of repeat fees. Finally, stay informed on privacy coin regulations—EU and other jurisdictions may impose limits on XMR access post‑2025. Always start with small transactions to test workflows, fees, and processing times before scaling.
Buy Monero at KuCoin
Key Facts About KuCoin
KuCoin is a strong choice for buying Monero (XMR) due to its competitive fees, high liquidity, and user-friendly interface.Trading Monero on KuCoin incurs a 0.1% fee for both makers and takers, making it cost-effective for users . The platform offers multiple XMR trading pairs, including USDT, BTC, and ETH, ensuring ample liquidity for transactions . KuCoin also supports credit card purchases and fiat deposits, providing convenient options for users to acquire XMR . Additionally, KuCoin has implemented strong security measures, such as two-factor authentication (2FA), to safeguard user accounts . The platform’s Proof of Reserves (PoR) mechanism further enhances transparency and trustworthiness . These features make KuCoin a reliable and accessible platform for purchasing Monero.
The table below summarizes the most important details:
Factor
Quick info
License
US money transmitter and worldwide licences
Fees
1%
Costs per $10.000
$100,00
Support
24h Hotline & Chat
Security
≈ 50% in cold storage.
KYC Process & Limits
Video verification < 120 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Step-by-step video tutorial for buying Monero on KuCoin
Supported Cryptocurrencies
Cryptocurrency
Ticker
Trading Pairs on KuCoin
Monero
XMR
XMR/BTC, XMR/ETH, XMR/USDT, XMR/USDC
Bitcoin
BTC
BTC/USDT, BTC/ETH, BTC/KCS
Ethereum
ETH
ETH/USDT, ETH/BTC, ETH/KCS
Stablecoins
USDT, USDC
Major base pairs including XMR, BTC, ETH
KuCoin lists Monero among 700+ supported assets, accessible via four primary spot pairs: XMR/BTC, XMR/ETH, XMR/USDT, and the recently added XMR/USDC :contentReference[oaicite:1]{index=1}. These pairing options allow fiat-aligned stablecoins or crypto holders to directly trade into XMR.
**Pro Tips:**
1. Trade using XMR/USDT or USDC for tighter spreads and better liquidity.
2. Consider holding KCS (KuCoin’s native token) to unlock VIP tiers and fee discounts on spot pairs.
Supported Payment Methods
Method
Currency
Processing Time
Fees
Crypto Deposit
BTC, ETH, USDT, USDC, etc.
Minutes
Network fee only
Credit/Debit Card
USD, EUR, GBP, local
Instant
1.8–3.5% (varies)
P2P Trading
Local fiat
Minutes–hours
User-defined; often 0–1%
KuCoin Pay
Crypto balances
Instant
0% promotional fee
KuCoin enables deposits via crypto transfer, instant card purchases in fiat, P2P trading, and KuCoin Pay :contentReference[oaicite:2]{index=2}.
**Pro Tips:**
1. Deposit crypto directly (e.g., USDT) to avoid card fees and wait times.
2. Use P2P to pay with local fiat and negotiate better rates with counterparty.
Trading Costs for $1,000, $10,000, and $100,000
Monthly Volume
Maker Fee
Taker Fee
Taker Cost (trade)
$0–10,000
0.10%
0.10%
$1.00 on $1,000
$10,000–50,000
0.095%
0.10%
$100 on $10,000
$50,000–100,000
0.090%
0.10%
$1,000 on $100,000
KuCoin offers a base 0.10% maker/taker fee, with volume and KCS holdings unlocking reductions—maker fees drop to 0.095% at $10k and 0.09% at $50k+ :contentReference[oaicite:3]{index=3}.
**Pro Tips:**
1. Use limit orders (maker) to avoid taker fees and potentially earn fee rebates.
2. Hold KCS to qualify for VIP tiers that further reduce fees—even down to 0.00% maker at VIP9+.
Additional tips
Buying Monero on KuCoin involves multiple steps—register, verify ID, fund your account (crypto or fiat), and execute a trade on the XMR spot pair of your choice. Always double-check withdrawal network fees and minimums before deposit or withdrawal.
For privacy best practices, transfer XMR to your own wallet—like Monero GUI or Cake Wallet—and avoid long-term storage on exchanges. KuCoin allows ledger integration, so consider using hardware wallets for added security :contentReference[oaicite:4]{index=4}.
Enable two-factor authentication (2FA), set up withdrawal whitelist, and use anti-phishing codes. KuCoin has had past security incidents (notably the 2020 breach), so engaging strong security hygiene is critical :contentReference[oaicite:5]{index=5}.
Regulatory compliance varies: Monero availability and P2P support can change regionally. Always ensure your country permits XMR trading before funding the account. Additionally, start with smaller test transfers to verify deposit, trade execution, and withdrawal flows before committing larger volumes.
Buy Monero at OKX
Key Facts About OKX
OKX is a strong platform for purchasing Monero (XMR) due to its low trading fees, robust security measures, and user-friendly interface.The exchange offers 0.08% spot trading fees for regular users, with potential reductions through OKB token discounts and VIP tiers . It supports multiple payment methods, including credit cards, bank transfers, and peer-to-peer (P2P) transactions . OKX employs two-factor authentication (2FA) and cold storage to enhance account and asset security.Additionally, it provides a multi-chain wallet and access to DeFi protocols, allowing users to manage XMR alongside other cryptocurrencies .
The following table provides an at-a-glance summary:
Factor
Quick info
License
US money transmitter and worldwide licences
Fees
1%
Costs per $10.000
$100,00
Support
24h Hotline & Chat
Security
≈ 50% in cold storage.
KYC Process & Limits
Video verification < 120 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Step-by-step video tutorial for buying Monero on OKX
Supported Cryptocurrencies
Cryptocurrency
Ticker
Trading Pairs on OKX
Monero
XMR
XMR/USDT, XMR/BTC, XMR/ETH
Bitcoin
BTC
BTC/USDT, BTC/ETH, BTC/OKB
Ethereum
ETH
ETH/USDT, ETH/BTC, ETH/OKB
Stablecoins
USDT, USDC
Available as base for XMR and other trades
OKX supports XMR trading via three primary spot pairs: XMR/USDT, XMR/BTC, and XMR/ETH, offering flexibility depending on what assets you hold. Beyond privacy coins, OKX lists hundreds of other assets, including BTC, ETH, OKB, and major stablecoins.
**Pro Tips:**
1. Use XMR/USDT for highest volume and lowest spreads—critical when buying a privacy coin.
2. Holding OKB (OKX’s native token) can reduce fees and unlock VIP tiers that lower trading costs.
Supported Payment Methods
Method
Currency
Processing Time
Fees
Fiat Deposit (Bank Transfer)
USD, EUR, GBP, CNY, Others
1–3 business days
Low to none, depending on region
Credit/Debit Card
USD, EUR, GBP, AUD, etc.
Instant
1.5–3.5%
P2P Trading
Local fiat
Minutes
User-defined (0–1%)
Crypto Deposit
BTC, ETH, USDT
Minutes
Network fee only
OKX supports multiple fiat onramps: bank transfers in several currencies, instant card buys, and P2P trading in local fiat. Crypto deposits (BTC, ETH, USDT) allow fee-free fund transfers, with only network costs.
**Pro Tips:**
1. Use bank transfers for low-cost, high-limit funding—especially for larger buys.
2. Use P2P to negotiate better local exchange rates and lower fees when buying with fiat.
”Trading
Additional tips
Buying Monero on OKX involves these steps: register and verify your account, fund it via fiat or crypto, then execute a trade on one of the XMR spot pairs. Always double-check the minimum deposit and withdrawal amounts as well as current network fees before transacting.
To maintain privacy and security: withdraw XMR to your own non‑custodial wallet like the Monero GUI or Cake Wallet. Keeping XMR on exchanges exposes you to counterparty risk and potential delisting. Enable Two‑Factor Authentication (2FA), set a withdrawal whitelist, and activate anti‑phishing protection. OKX enables hardware‑wallet support if you prefer even stronger protection.
Keep in mind that regulations around privacy coins vary. Some countries may restrict listing or trading of XMR, so verify your region’s compliance before funding. Start small to confirm transaction flow and timing, then scale gradually. Regularly review market spreads, network fees, and platform announcements to ensure a smooth and secure Monero purchasing experience on OKX.
Buy Monero at Anycoin
Key Features of Anycoin
Anycoin Direct is a reliable platform for purchasing Monero (XMR), offering a user-friendly interface and competitive fees.The platform charges a flat trading fee of 0.15%, ensuring maximum transparency with no hidden costs . Anycoin Direct supports various payment methods, including bank transfers, credit/debit cards, and local payment options, catering to a wide range of users . Security is a priority, with asset segregation and Proof of Reserves implemented to safeguard user funds . Additionally, the platform provides educational resources to assist users in understanding and managing their cryptocurrency investments.
See the essential details below:
Factor
Quick info
License
US money transmitter and worldwide licences
Fees
1%
Costs per $10.000
$100,00
Support
12h Hotline & Chat
Security
≈ 50% in cold storage.
KYC Process & Limits
Video verification < 20 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Step-by-step video guide to purchasing Monero on Anycoin
Supported Cryptocurrencies
Cryptocurrency
Ticker
Available on Anycoin
Monero
XMR
Yes – buy/sell directly via broker service
Bitcoin
BTC
Yes
Ethereum
ETH
Yes
Other Altcoins
e.g., XRP, LTC, ADA, BNB, Dogecoin, ZCash
340+ supported tokens
Anycoin Direct supports a wide selection of cryptocurrencies—over 340 in total—including Monero, Bitcoin, Ethereum, plus altcoins like Litecoin, XRP, Cardano, Dogecoin, ZCash, and many more :contentReference[oaicite:1]{index=1}. The platform offers a broker-style model: select XMR, enter the amount, and buy—no advanced trading pairs to worry about.
**Pro Tips:**
1. Since Anycoin uses a flat-fee broker model, there is no separate conversion pair; just choose XMR directly for simple purchasing.
2. If you hold other altcoins supported by Anycoin, you can often trade them directly for XMR—compare fees first to find the best value.
Anycoin offers multiple fiat on-ramps like SEPA, iDEAL, Bancontact, SOFORT, EPS, Giropay, card, and PayPal for Euro users. Transactions are brokered, with timeframes from minutes to same day :contentReference[oaicite:2]{index=2}. Crypto-to-crypto swaps are available too.
**Pro Tips:**
1. Use SEPA or local bank methods if you want lower charges included in the transparent flat fee.
2. If speed is key, debit/credit card or PayPal is instant—ideal for capturing price opportunities.
Trading Costs for $1,000, $10,000, and $100,000
Purchase Size
Flat Broker Fee
Approx. Cost on Trade
$1,000
1.0%
$10
$10,000
1.0%
$100
$100,000
1.0%
$1,000
Anycoin charges a flat 1% service fee on all transactions—buy or sell. In high-volatility situations, memecoins may incur 2% :contentReference[oaicite:3]{index=3}. Network charge (miner fee) is added on top and shown upfront before confirmation.
**Pro Tips:**
1. Keep an eye on volatility—avoid memecoins when surcharges apply to stay at 1%.
2. For large trades, consider spreading orders or using partners to negotiate better overall crypto swap rates vs. card purchase.
Additional tips
Before buying Monero, set up a secure XMR wallet—Anycoin recommends MyMonero, Exodus, Monero GUI, and hardware wallets like Ledger or Trezor :contentReference[oaicite:4]{index=4}. Purchase XMR directly to your wallet, not leaving it on the broker, to maximize privacy and control.
Verification level affects limits: you can buy up to €100 daily at basic level. Higher levels require ID and proof-of-residence, unlocking up to €25,000/week :contentReference[oaicite:5]{index=5}. Enable 2FA and complete account verification to ensure smoother high-value purchases.
Although Anycoin operates EU-wide, services are restricted to European citizens and only support EUR :contentReference[oaicite:6]{index=6}. Start with small test buys to confirm deposit, fees, and withdrawal workflow before moving larger amounts. Once comfortable, scale purchases confidently knowing your setup works.
Buy Monero at Bybit
Key Features of Bybit
Bybit is a strong choice for purchasing Monero (XMR) due to its competitive trading fees, user-friendly interface, and robust security measures.The platform charges a 0.1% trading fee for spot trades, which can be reduced further based on VIP levels determined by asset balance or 30-day trading volume . Bybit offers a seamless experience with credit/debit card purchases, fiat deposits, and crypto transfers, allowing users to easily acquire XMR . The exchange maintains a 99.9% uptime, ensuring reliable access even during market volatility . Additionally, Bybit provides 24/7 multilingual customer support to assist users with any queries . These features make Bybit a convenient and secure platform for buying Monero.
Here is a summary of the key information presented in the table below:
Factor
Quick info
License
US money transmitter and worldwide licences
Fees
1%
Costs per $10.000
$100,00
Support
24h Hotline & Chat
Security
≈ 50% in cold storage.
KYC Process & Limits
Video verification < 120 min
Tax & Reporting Tools
CSV/API exports, annual tax reports
Video Guide: Buying Monero on Bybit
Supported Cryptocurrencies
Cryptocurrency
Ticker
Trading Pairs on Bybit
Monero
XMR
Spot XMR/USDT, XMR/BTC, XMR/ETH
Bitcoin
BTC
BTC/USDT, BTC/ETH, BTC/USDC
Ethereum
ETH
ETH/USDT, ETH/BTC
Stablecoins
USDT, USDC
Used as base for XMR and margin pairs
Bybit supports XMR trading via Spot markets: XMR/USDT, XMR/BTC, and XMR/ETH—allowing you to buy Monero using stablecoins or major cryptocurrencies. You can also use Bybit’s P2P market to acquire USDT or BTC before trading for XMR :contentReference[oaicite:0]{index=0}.
**Pro Tips:**
1. Use XMR/USDT for better liquidity and tighter spreads than BTC or ETH pairs.
2. Diversify by holding USDT or BTC, which lets you quickly switch into XMR when prices are favorable.
Supported Payment Methods
Method
Currency
Processing Time
Fees
Credit/Debit Card
Multiple fiat
Instant
3–5% (varies)
P2P Trading
Local fiat
Minutes to hours
User-defined, often 0–1%
Bank Transfer (Fiat Deposit)
USD, EUR, GBP, AUD, etc.
1–3 business days
Low or none (varies by region)
Crypto Deposit
BTC, ETH, USDT, USDC, etc.
Minutes
Network fee only
Bybit enables purchases via credit/debit card (instant), P2P fiat trading, bank transfers, and crypto deposits :contentReference[oaicite:1]{index=1}. Supported fiat depends on your region, with options like SWIFT, PIX, EFT, BI-FAST etc. :contentReference[oaicite:2]{index=2}.
**Pro Tips:**
1. Use bank transfers for larger amounts—minimal fees and better limits.
2. If you already hold crypto, transfer it (e.g., USDT) for faster, fee-light XMR purchases.
Trading Costs for $1,000, $10,000, and $100,000
Monthly Volume
Maker Fee
Taker Fee
Taker Cost on Trade
$0–$50k
0.06%
0.10%
$1.00 on $1,000
$50k–$200k
0.05%
0.08%
$8.00 on $10,000
$200k–$1M
0.04%
0.06%
$60.00 on $100,000
Bybit’s fee structure features tiered maker/taker fees tied to 30‑day trading volume. Entry-level users pay ~0.06% maker and 0.10% taker. Higher volumes reduce fees to as low as 0.04%/0.06% for large traders :contentReference[oaicite:3]{index=3}.
**Pro Tips:**
1. Always use limit (maker) orders to save ~40% vs market (taker) trades.
2. Increase your volume gradually to unlock lower tiers—especially beneficial when scaling your XMR trades.
Additional tips
To buy XMR on Bybit, register and complete KYC Level 1, then fund your Funding Account via fiat or crypto. If using credit/debit, proceed via “Buy Crypto → Express” to acquire USDT or BTC instantly and convert to XMR :contentReference[oaicite:4]{index=4}. For bank transfers or crypto deposits, once funds clear, trade on Spot via XMR pair of your choice.
Important: Be cautious—Bybit only provides XMR index trading in select regions, and some users report they can’t withdraw XMR directly :contentReference[oaicite:5]{index=5}. Check your jurisdiction and test with a small withdrawal to confirm custody capability.
For secure storage, transfer XMR to a personal wallet like Monero GUI, Cake Wallet, or a hardware wallet. Don’t keep XMR on-platform long-term. Enable Two-Factor Authentication (2FA), withdrawal whitelists, and anti-phishing measures. If you’re privacy-focused, avoid privacy-focused darknet services—Bybit blacklisted several Monero-related providers in 2024, which could affect your account access :contentReference[oaicite:6]{index=6}.
Lastly, test your full flow—deposit, buy, withdraw—using a small amount before committing large capital. This ensures you understand deposit options, fees, execution and withdrawal reliability before scaling up.
This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
Marcel Knobloch, also known as Collin Brown, is the founder and managing partner of Crypto News Flash. He entered the crypto market in 2014 and has since grown multiple websites and startups within the industry. One of the leading crypto news websites he built was Coin-Hero.de. Those who have been in the space long enough may recognize our former brand.
Beyond the crypto sector, Marcel has spent nearly 10 years working in various online startups across different industries. He holds a Master’s degree in Economics from the University of Leipzig and is a regular speaker at crypto conferences, including the Crypto Assets Conference in Frankfurt, where top industry experts gather annually to discuss the latest blockchain technologies and developments.
Marcel is passionate about different cultures and innovative technologies that improve people’s lives. He enjoys diving and has a particular love for spicy food.