How to Trade Bitcoin for Monero
Along with Bitcoin, Monero (XMR) is one of the most popular cryptocurrencies out there. Digital currencies such as BTC and ETH have transparent blockchains that are publicly verifiable, which means anyone can track the transactions made on these networks at any time. However, unlike Bitcoin and other cryptos, Monero uses advanced cryptography to hide the sender’s address, the transaction amount, and his or her address details.
As a leading cryptocurrency, XMR has paved the way for investors to carry out fast and secure transactions across the world, such as making online payments. Monero is one of the best cryptos that is free from capital controls. Over 500 volunteers and crypto experts have teamed up to ensure that Monero transactions are seamless for its users.
But, just how do you trade XMR for BTC and vice versa? Well, you can trade it on most popular crypto exchanges such as NakitCoins.com
How to convert BTC to Monero on NakitCoins
By using the NakitCoins Blender, one can trade BTC for XMR within seconds. As soon as NakitCoins acknowledges one confirmation on the network, your BTC will be processed by an exchange — and your Monero will be loaded to your wallet in no time.
With NakitCoins.com and other crypto swap services, you can make high-volume crypto transactions without any limitations. NakitCoins takes pride in being one of the fastest BTC-XMR exchanges available online.
What’s more, there is absolutely no need for you to create a user account before you can access this service. While other exchanges strictly demand their customers to go through rigorous KYC verifications, NakitCoins is very user-friendly as it does not trick customers into providing their personal information.
If you are looking for a Monero-to-Bitcoin exchange that values your privacy, choose NakitCoins and keep your funds safe. As a fully decentralized crypto exchange, NakitCoins never keeps your funds locked up, and there is no way the exchange will block your transaction.
Feel free to use this reputable crypto-to-crypto exchange service to convert your BTC to other digital currencies such as ETH, LTC, XRP, and Tether among other coins. You can check out NakitCoins.com for more details of how to trade Monero for Bitcoin and so on.
What you need to trade BTC for Monero
To get started with trading Monero, you will need to own a digital wallet (e-wallet). Digital wallets allow you to store your crypto assets including XMR in a safe and secure platform. You may also want to look at other cryptos that are supported by your digital wallet as well as the transaction fees involved.
There are several kinds of digital wallets to use, and popular examples include hardware wallets, software wallets, paper wallets, mobile wallets, and web-based wallets. Trezor Model T is one safe digital wallet that’s trending in the cryptosphere right now — it supports over 1,000 cryptocurrencies with Monero and EOS included on the list.
Once you sign up with a trusted crypto exchange, you can search through their listed currencies and start trading Monero. It’s up to you to determine whether the Monero exchange rate suits you — then you can buy the number of tokens you want.
