Buy Monero: Click here

The Monero cryptocurrency has been around since 2014 and you can buy or exchange it on some major exchanges. In this practical tip, we will show you which providers this is possible.

Buy Monero - Set up a Monero wallet on MyMonero.com

First you need a Monero wallet to store your Moneros there. Setting up the Monero wallet on MyMonero.com is particularly simple.

1. Open the MyMonero.com page in your browser.
2. In the middle you will find the "Create Account" option. As soon as you click on the point, your private wallet will be created.
3. Now scroll down to "Your Private Login Key". There is a randomly created phrase.
4. You must make a note of this phrase and keep it safe. If you are lost, you can no longer access your Monero wallet.
5. You will now see your Monero address, which you can use to receive Moneros. Nobody can draw conclusions about the owner of the address.

Purchase cryptocurrency Monero (XMR) from Anycoin Direct

The first way to transfer Moneros to the wallet is through direct purchase. There is only one intermediary here - the Moneros, however, take longer to reach the destination.

1. You can now buy the Monero cryptocurrency directly via AnycoinDirect.eu.
2. Enter either the desired number of Moneros or the maximum amount in euros that you would like to spend.
3. On the right you will find the payment methods. In Germany "giropay", "Sofort" and "SEPA" are available.
4. Then enter the Monero address that you received on MyMonero.com.
5. With a click on "Buy" you start the desired payment process.
6. As soon as AnycoinDirect has received your payment, the Moneros will be credited to you.

Alternative: Exchange Bitcoin, Ethereum and other cryptocurrencies in Monero

It is faster if you have a credit card and have previously bought another cryptocurrency or already have one. You can then exchange these in Moneros.

1. A major crypto provider that also accepts credit card payments is Coinbase.com.
2. After the two-factor registration, you still have to legitimize yourself. We used a driver's license for this. The process was completed within two hours.
3. With "Buy / Sell" you can now choose between Bitcoin, Ethereum, Bitcoin Cash and Litecoin. We recommend Litecoin or Ethereum as the transactions here are faster and cheaper.
4. If you have made a purchase using a credit card, the currency is immediately available.

Exchange cryptocurrencies via Shapeshift in XMR

1. To exchange your current cryptocurrency in Monero, the website Shapeshift.io is recommended.
2. Here you can click on the respective symbol to select which currency should be exchanged in Monero.
3. In the next step, enter the addresses of the sender and recipient account. Leave the "Payment ID" field blank.
4. With "Start Transaction" you initiate the exchange. There you will receive an address to which you have to send the currency to be exchanged. Below you can see the minimum and maximum amount to be paid.
5. Now enter the transaction number on Coinbase under "Accounts"> "Send".
6. In MyMonero.com you can now see that the Moneros are in your account on the go.

Please note that trading in cryptocurrencies is subject to large fluctuations. Therefore, only invest a small part of your assets in a speculative investment. In the next article we will show you how you can make money online with cryptocurrencies.