Monero (XMR) is a popular privacy coin known for its heightened anonymity.
But worry not; plenty of popular exchanges still list Monero.
So, who’s still open for Monero trading?
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Some love this asset, while some steer clear.
But why is this the case?
It’s important to note thatMonero is essentially untraceable.
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This isn’t easy to do, but it is possible.
While this sounds great, it can also be used by criminals to hide illegal online activity.
As criminals become aware of Bitcoin’s traceability, the demand for Monero payments grows.
In this sense, some view it as a dangerous asset.
While Monero is by no means illegal, it iscommonly used in illegal activities.
Huobi delisted Monero so that it could comply with global regulations.
Image Credit: PiggyBank Canada/Flickr
But Huobi wasn’t alone in its decision.
Other big names, such as Bittrex and ShapeShift, also decided to stop supporting Monero.
Some exchanges, like Coinbase, never listedMonero or other privacy coins like ZCashto begin with.
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But if you’re still interested in Monero, where can you buy it?
Binance
Binance is the world’s most popular cryptocurrency exchange.
Binance lists over 350 different cryptocurrencies, including ERC-20 tokens, stablecoins, and, of course, Monero.
Kraken
Kraken is a popular centralized crypto exchangeyou can use on your desktop or smartphone.
Kraken lists over 120 different assets for trading, including Monero.
However, it is worth noting that Kraken delisted Monero for UK-based customers in late 2021.
So, if you’re a customer within the UK, consider one of the other exchanges listed here.
Crypto.com
Founded in mid-2016, Crypto.com has amassed an impressive base of over 60 million users since its launch.
And, if you’re looking to trade Monero, this could be the exchange for you.
Crypto.com also provides in-depth statistics and information on its supported assets, including Monero.
It’s important to note that OKX is unavailable to those residing within the US.
If this is the case for you, check out the other options.
KuCoin
KuCoin is a centralized cryptocurrency exchange based in Seychelles.
You’ve likely heard of KuCoin before, as it’s become very popular in the crypto market.
KuCoin allows you to trade XMR in three trading pairs: Bitcoin/Monero, Ethereum/Monero, and USD Coin/Monero.
The exchange provides useful charts to help you understand each pair better if you’re unsure which to choose.
Phemex
Our last choice today is Phemex, a Singapore-based crypto exchange founded in 2019.
However, like OKX, Phemex is not available to US residents.
But this is still a legal asset that can be traded.
And remember, there is nothing wrong with wanting to protect your privacy with a privacy-focused crypto like Monero!
