In an age where we post almost every aspect of our lives online and social media companies essentially own our internet identities, some may think privacy is all but forgotten. Monero suggests otherwise. The world’s most popular privacy token is a favorite amongst cryptocurrency enthusiasts that value their privacy.
Released in 2014 by a team of anonymous developers, Monero is the project that puts “privacy and anonymity” above all else in the digital currency space. The token XMR exists on its own blockchain and unlike other public ledgers, hides almost all transaction details. Both sender and receiver identities are completely hidden in addition to the transaction amount. Well, not hidden but disguised with encryption techniques.
The media has jumped all over Monero, accusing it of being a cryptocurrency for criminal behavior due to these anonymous qualities. While it could be true some bad actors are taking advantage of this, it is also a good cryptocurrency for those that just value privacy. Whether or not it will ever replace top cryptocurrencies like Bitcoin is highly unlikely. However, as long as there is a market for privacy--which there always will be--there will be a market for privacy tokens like Monero.
YouHodler aggregates prices from top centralized exchanges to provide an accurate Monero price and charts.
The easiest way to buy Monero is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.
The best way to earn interest on Monero is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest.
You can get a loan with Monero in stablecoins by depositing your Monero as collateral. YouHodler offers the best rates you can get anywhere. Don’t sell your crypto. Use it as collateral and keep its value for later.
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