How do I buy Monero with INR in India?
Leonard Monero is a decentralized, open-source, and privacy-oriented cryptocurrency that utilizes the technology of blockchain to operate its network. It was launched in 2014 and since then has amassed quite a following due to its leanings towards complete privacy. The blockchain forms the foundation of the cryptocurrency and is used to store the public ledger of its user’s activities and all the transactions that occur on the platform. The developers of Monero intentionally made the network’s blockchain entirely opaque. This way, personal details such as transactions and the identities of the sender and receiver remain secure and private while the amount involved in the transaction is also anonymous. The platform does this by disguising the addresses of the sender and recipient.
How to Buy Monero in India ?
- STEP 1 : First go to coinswitch. there you’ll see an instant coin converter with two dropdowns. Select “INR” from the list of options in the left dropdown and XMR in the right downtown. Click “View all Offers”. It will show all the offers from exchanges for INR to XMR conversion.
- STEP 2 : Select the recommended exchange where you can buy XMR with INR at the best rate.
- STEP 3 : Enter your XMR wallet address to receive the XMR and move further.
- STEP 4 : In the next step you need to make the payment in INR. Once the payment is completed, you will be asked to share your personal details and ID card for KYC. You will immediately receive XMR to your wallet as soon as the KYC verification is done.
To exchange Monero, visit: bitcoin to euro
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