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What is Monero (XMR)
Monero (XMR) is a Proof of Work blockchain forked from in 2012. The network focuses heavily on user privacy, meaning that addresses, transaction amounts, wallet balances, and transaction histories are hidden from third parties.
Monero’s consensus mechanism CPU-based mining rather than GPU or specialized mining hardware. Its block sizes also are dynamic and respond to network demand. Over time, the XMR mining reward for each block will decrease but reach a minimum amount to keep incentivizing miners. This mechanism means that there is no limit to the supply of XMR available. XMR is primarily used as a payment method and also for network fees.
Monero’s development is open to anyone who wants to participate, but changes to the network need agreement from more than half of the network’s validators.
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Cryptocurrency investment activities, including actions done to buy Monero online via , are subject to market risk. provides easy and convenient ways for you to buy Monero instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Monero purchase. This page and any information in it not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.