How to buy Monero (XMR) in the UK

Learn how to buy Monero (XMR) in our step-by-step guide.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Monero (XMR) is a cryptoasset that currently ranks as the 34th largest by market cap (that's the total value of Monero in circulation – $3 billion).

Like all cryptoassets, it's highly volatile, and capable of major price swings in a single day. As of 18 July, XMR is trading for $161.20 (£124.78), a decrease of 0.12% against $161.39 24 hours earlier. Over the past year, Monero's price has seen a decrease of 2.01%.

How to buy Monero in 4 steps

  1. Compare crypto exchanges
    The easiest way to buy Monero is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit funds using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Monero
    You can now exchange your funds for Monero. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking "Buy". If you like, you can now withdraw your Monero to your personal wallet.

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

Where to buy Monero

Find an exchange to buy, sell and trade XMR by comparing deposit methods, supported fiat currencies and fees. Select "Go to site" to sign up directly with the exchange.

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Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder Award
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Faster Payments (FPS), Apple Pay, Google Pay, SWIFT

7

238

Go to site

Capital at risk

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These exchanges cover a wide range of cryptocurrencies, but we can’t guarantee they’ll all offer this coin.

Is it a good time to buy Monero?

Only you can make the decision about when is the best time to buy Monero. However, here are some things to consider as part of your research.

Take a look at the fundamentals of Monero. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how Monero works and how much risk is involved.

Also consider how has performed so far. Our charts below show you Monero's performance over time as well as its all time high.

Monero to USD and GBP calculator

Our calculator works out how much Monero would be worth in USD and GBP, depending on how much you hold or are looking to purchase.

XMR price last updated 18 July 2024, 01:07 UTC.

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Frequently asked questions

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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