Binance will no longer support Monero starting February 20, 2024.
It is possible to purchase Monero on P2P exchanges, centralized exchanges without KYC and swaps.
Monero (XMR) is a privacy-focused cryptocurrency born in April 2014.
XMR is based on CryptoNote, a protocol for creating coins Peer to peer (P2P), which does not use traditional signatures to execute transactions. Instead, as Criptonoticias explains in his Monero cryptopedia, this protocol uses ring signatures, a process that mixes the address of the executor of the transfer with a list of authorized addresses, confusing them with each other.
In short: transactions on the Monero network They excel at hiding who is sending, who is receiving, and what amount they have transacted.
Throughout its existence, Monero has been criticized and scrutinized by companies and governments who view this cryptocurrency as a threat to financial controls and anti-money laundering measures. The regulatory pressure has been so great that Binance, the world's largest cryptocurrency exchange, recently announced this This will no longer support Monero (XMR) from February 20th from 2024.
Since privacy, anonymity and resistance to censorship are capital goods, below we leave you a list of exchanges and platforms where you can buy Monero without going through the Know Your Customer (KYC) process.
LocalMonero is a platform Peer to peer launched in August 2017, whose only medium of exchange is XMR. LocalMonero has versions dedicated to private layers of the Internet, such as: .Onion in GATE (The Onion Router or 'The Onion Router') and I2P ('Invisible Internet Project').
On this platform you can exchange local currency for XMR and vice versa without registration. You'll be charged a single fee for each transaction, and the geographic coordinates tool allows you to schedule personal cash exchanges.
Hodl Hodl is a P2P exchange platform that allows you to sell Bitcoin in exchange for XMR or other cryptocurrencies. This exchange office does not hold your coins and does not require identity verification.
It has been on the market for more than 7 years and has more than 100,000 users. At the time of writing, Hodl Hodl has 16 active offers to sell BTC in exchange for XMR.
Use Hodl Hodl
Bisq is a free, open-source software that works similarly to programs like Limeware or BitTorrent, but for trading local currencies and digital currencies like Bitcoin and Monero, among others. Bisq is decentralized and works as a downloadable desktop client.
No KYC or personal data of any kind is required. Bisq has slightly reduced trading limits (up to 0.25 BTC per trade), but it is possible to increase them by using the account regularly and credibly.
CoinEx is a Hong Kong-based cryptocurrency exchange founded in 2017. On this exchange you can exchange XMR for USDT, USDC and Bitcoin. It is a centralized alternative, like most exchanges in the world, but does not require mandatory KYC.
Previously, such centralized exchanges without KYC were common; Today they are a rarity. CoinEx offers, among other services, services margin And Smart trading and futures; passive income, loans and airdrops.
FixedFloat is a cryptocurrency exchange focused on direct, convenient and fast cryptocurrency exchange. It works similarly to a to exchangeand in it you can exchange many different currencies for Monero (XMR) and vice versa.
It does not require KYC registration nor does it host your funds on its platform as FixedFloat sends and receives XMR and other cryptocurrencies directly to and from your addresses. It is not an exchange with impressive liquidity, but it is useful for everyday transactions.
Go to FixedFloat
Other platforms to purchase Monero (XMR) without KYC
The previous options are specialized in acquiring Monero (XMR) in a simple and direct way. However, there are additional options that are perhaps lesser known but efficient:
- SimpleSwap Is A simple exchange platform that works like any other cryptocurrency exchange. It does not require registration and is not liable. Go to SimpleSwap.
- Change now is another easy and direct platform to buy Monero. It is also possible to purchase the cryptocurrency directly with a bank card. Go to ChangeNow
- Godex is a platform that allows exchanges between Monero (XMR) and other cryptocurrencies without maximum limits per transaction. Go to Godex.