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Step-by-Step Guide: How to Buy Monero

Oleg Tkachenko
Written by:
Oleg Tkachenko
Chinmay Soni
Reviewed by:
Chinmay Soni
Mirjan Hipolito
Fact-checked by:
Mirjan Hipolito
Updated:
June 06, 2026

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

6 easy steps to buy Monero

  • Select a Reliable Crypto Exchange

    • Choose a trusted cryptocurrency exchange that supports Monero, offers low fees, and provides a user-friendly platform.

  • Complete Account Registration

    • Sign up on the exchange by filling in your personal details and submitting the necessary documents for identity verification.

  • Fund Your Account

    • Deposit funds into your exchange account using methods such as bank cards, e-wallets, or bank transfers. Typically, you can start trading Monero with as little as $5-$10, depending on the platform

  • Find XMR on the Trading Platform

    • Use the exchange’s search feature to locate Monero (XMR), review its current price, and analyze market trends before making a purchase.

  • Place a Buy Order for XMR

    • Specify the amount of Monero you wish to buy and choose between a market or limit order. Consider setting a limit order to buy at your desired price.

  • Monitor Your Monero Holdings

    • Regularly check your Monero investments on the platform.
Anton Kharitonov
Anton Kharitonov Chief Analytics Officer
Based on my research, the top broker for purchasing Monero (XMR) is Kraken.
Here's why:
  • Supports Monero (XMR) trading and investing.
  • User Satisfaction Score Unique metric based on aggregated user feedback, providing an overview of customer experiences with crypto exchanges. 7.6/10 🏆.
  • Spot trading fees as low as 0.4% or lower.
  • Features an intuitive platform for easy navigation.
  • Delivers exceptional customer support.
Kraken
Kraken - Best Crypto broker for purchasing Monero (XMR) Go to broker
Your capital is at risk.

Best crypto exchanges for buying Monero (XMR)

  • Kraken - Best for trading crypto-fiat pairs (supports 7 fiat currencies, simple trading platform)

  • MEXC - Best for additional futures trading opportunities (numerous events and regular competitions)

  • WhiteBIT - Advanced additional services (launchpad, CS:GO marketplace, crypto card)

  • HTX - Best for beginners (intuitive app, sign-up bonus)

Can I buy Monero (XMR) with Credit/Debit card or bank account?

Yes, you can buy Monero with a credit/debit card or a bank account on many exchanges. We’ve compared payment methods across top exchanges and also highlighted the option of P2P exchange, which allows you to work with a wider range of payment methods and banks, including regional options.

Kraken MEXC WhiteBIT HTX
Bank Card Yes Yes Yes Yes
Bank Wire Yes Yes No Yes
PayPal Yes Yes No No
P2P No Yes Yes Yes
Fiat supported USD, EUR, GBP, AUD USD, EUR, GBP, BRL, AUD, TRY USD, EUR, GBP, UAH, TRY, PLN USD, EUR, GBP, BRL, AUD, UAH, TRY, PLN
Go to broker
Your capital is at risk.
 Go to broker
Your capital is at risk.
 Go to broker
Your capital is at risk.
 Go to broker
Your capital is at risk.

Here’s a concise step-by-step instruction to buy Monero with a bank card:

  • Select a Crypto Exchange

    • Choose an exchange that supports credit/debit cards or bank transfers for buying Monero. Top 3 cryptocurrency exchanges with bank card support: Kraken, Coinbase, OKX.

  • Create an Account

    • Sign up and verify your identity.

  • Add Payment Method

    • Link your credit/debit card or bank account for payments.

  • Purchase Monero

    • Choose the cryptocurrency and amount, then confirm the transaction.

Can I withdraw Monero (XMR) to a Credit/Debit card or bank account?

You cannot withdraw Monero directly to a credit/debit card or bank account. However, you can withdraw your investment profits. If the exchange supports fiat payments, you can withdraw your earnings after selling Monero for fiat (such as USD, EUR, NGN or any other).

What are the fees for buying Monero (XMR)?

Usually, exchanges do not charge fees for deposits, but your bank or payment provider may apply a fee ranging from 0.5% to 3%. Most exchanges do charge a fee for buying Monero on the spot market, but these fees are usually small. We compare the fees for purchasing Monero so you can choose the best option.

Kraken MEXC WhiteBIT HTX
Spot maker
fee (%) This is the fee charged for placing a limit order that doesn't immediately get filled, adding liquidity to the market. Maker fees are usually lower because they provide liquidity. 		0.25 0 0.1 0.2
Spot taker
fee This is the fee charged for placing an order that is immediately filled, removing liquidity from the market. Taker fees are generally higher than maker fees. 		0.4 0.05 0.1 0.2
Withdrawal fee 0.0005 BTC 0.0003 BTC 0.0004 BTC 0.00367 ETH 0.0005 BTC 0.005 ETH
Go to broker
Your capital is at risk.
 Go to broker
Your capital is at risk.
 Go to broker
Your capital is at risk.
 Go to broker
Your capital is at risk.

What is the minimum investment in Monero? Is $10 Enough to buy Monero?

For most exchanges, $10 is usually sufficient to buy Monero. Many exchanges either have no minimum deposit requirement or set a very low one. Additionally, you can purchase Monero with a small amount, as the minimum investment is typically limited only by the minimum trade size. We’ve compared the minimum deposit, minimum trade size, and available leverage on top exchanges for buying Monero to help you choose the best option.

Kraken MEXC WhiteBIT HTX
Min.deposit, BTC 1 1 1 5
Min.deposit, USD 10 1 10 1
Min.trade amount, USD 1 1 1 1
Spot leverage 5 5 10 3

How to withdraw Monero?

Here’s a brief step-by-step guide on how to withdraw Monero from a crypto exchange:

  • Log into Your Exchange Account

    • Access your crypto exchange account and go to the withdrawal section.

  • Select Monero for Withdrawal

    • Choose Monero from your wallet balance and select the amount you wish to withdraw.

  • Enter Your Destination Address

    • Input the wallet address where you want to send Monero. Double-check it to avoid errors.

  • Confirm the Withdrawal Details

    • Review the transaction details, including the withdrawal fee, if applicable.

  • Complete Security Verification

    • Complete any required security steps, such as two-factor authentication (2FA) or email confirmation. Finalize the request and wait for the transaction to be processed.

How much can I earn investing in Monero (XMR)?

Your earnings from investing in Monero depend on several factors, including market trends, your investment strategy, and the overall volatility of the cryptocurrency market. It's important to note that, like all crypto investments, there are risks involved, and prices can fluctuate rapidly.

You can explore forecasts for leading cryptocurrencies on the forecast page choosing necessary coin and timeframe.

Traders Union uses a proprietary forecasting model built from a combination of diverse data and analytical methods.

Learn more about our approach in the methodology.
Price Analysis and Forecasting Methodology

Traders Union applies a proprietary, multi-layered methodology for forecasting prices of currencies, cryptocurrencies, stocks, indices, and commodities. It combines technical indicators, statistical modeling, expert insights, and on-chain metrics. The analysis is based on data sourced from trusted third-party providers, including Twelve Data, Financial Modeling Prep, Polygon.io, CoinMarketCap, and leading cryptocurrency exchanges such as Binance, Bybit, OKX, and MEXC.

Important!

All forecasts are for informational and educational purposes only and do not constitute investment advice. Traders Union is not a licensed financial advisor. Market data is supplied by external sources, and its accuracy or timeliness is not guaranteed. Financial markets are highly volatile and involve substantial risk, including the potential loss of capital. Forecasts may change based on evolving market conditions. Learn more in the full methodology.

How to deal with Monero volatitlity?

Igor Krasulya
Igor Krasulya Author at Traders Union

One effective strategy for purchasing assets is Dollar-Cost Averaging (DCA), where you invest a fixed amount of money at regular intervals, regardless of the market price. This approach reduces the impact of volatility by averaging your purchase price over time. DCA is especially useful in the highly volatile cryptocurrency market, helping to mitigate the risk of buying at a high point.

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Should you identify any inaccuracies on this page or possess additional information on this topic, we kindly request you inform us.

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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko
Editor at Cryptocurrency & Blockchain Department

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018.

Learn about our editorial policies
Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.

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