What is XMR ?
XMR is the token of the Monero network.
XMR hit its ATH of $495.84 on Jan 07, 2018 and is currently up by almost 600% from this time last year. XMR is currently trading at $217.13 USD on Coinhako at the time of writing.
** Kindly note that XMR wallet features are not supported on Coinhako. Due to a need to comply with regulatory measures, Coinhako cannot allow users to transact on-chain, for protocols that do support on-chain monitoring solutions, such as XMR.
What is Monero?
Founded in April 2014, Monero was created to resolve privacy weaknesses found with bitcoin. Its humble beginnings included a small tech community, which later gained traction as the project gained credibility and market share.
Similar to other privacy cryptocurrencies like Zcash, Monero enables the sending and receiving of XMR without making data publicly visible on the blockchain.
A unique fact about Monero is that mining the Monero token (XMR) can be done on a normal computer. This is because it runs on a CPU-friendly, Proof-of-Work algorithm created by the Monero community.
Wondering how Monero maintains such a high level of privacy?
Monero adopts very specific technologies to obscure and protect user data on the blockchain, offering users greater anonymity for their transactions.
How does this work?
Monero uses ring signatures to combine digital signatures of the person executing an XMR transaction with the signatures of other Monero users before recording it on the blockchain. This way, no one is able to tell who the digital signature belongs to.
The use of stealth addresses are also implemented to provide more anonymity. This allows the sender to publish a single address which automatically creates several one-time addresses for the recipient. By using stealth addresses, only the sender and recipient will know when the payment was sent.
Additionally, Monero also leverages RingCT technology to obscure the amount for each transaction made on the blockchain. This protects user anonymity and prevents double spends.
1. Trade XMR directly with Singapore Dollars (SGD) 🇸🇬
With XMR/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell XMR in Singapore Dollars (SGD) when they fund their accounts with SGD.
📈 View Monero price in SGD now
2. Trade XMR directly with Vietnamese Dong Trading (VNDT) 🇻🇳
With XMR/VND trading pairs available on Coinhako, our Vietnam users will be able to buy & sell XMR when they fund their accounts with VND.
3. Trade XMR directly with US Dollars (USD) 🇺🇸
The XMR/USD trading pair XMR prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell XMR when they fund their accounts with USD.
4. XMR swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade XMR with other cryptocurrencies that are supported in their countries, with our Swap function.
5. Get the latest Monero price news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.
The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on Monero, alongside on the other top crypto projects, like uniswap, polkadot, band protocol.
6. Buy Monero (XMR) instantly with debit and credit card
Beat the deposit queue and buy XMR instantly when you pay by card.
📩 Sign-up to Subscribe to our mailing list to have them delivered straight to your inbox!
👉Join our Telegram community
Coinhako is available in these countries!
All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.