If you're looking to swap Monero, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Monero or some fresh information about xmr’s price movements. And, of course, we provide you with the multiple Monero exchange options so that you can choose the offer with the best rates and lowest Monero fees, as well as other parameters that suit you.
Monero Price Stats
Monero Price Chart
Here you can see the current price of Monero, as well as Monero price history.
What is Monero?
Monero is an open-source decentralized and untraceable cryptocurrency that focuses on the financial privacy of the users. Monero is a private blockchain that allows users to keep any of their data a secret. The network can also be selectively transparent, meaning the users can decide for whom their data will be available.
Monero was launched in 2014 with the goal to provide users with secure and anonymous transactions. Unlike the public blockchains that sometimes allow tracing the transactions back to the original source, the Monero network uses advanced cryptography to obscure senders and recipients.
The network was created by seven developers, and five of them preferred to stay anonymous. There were rumors in the community that Satoshi Nakamoto, the creator of Bitcoin was involved in the project.
Thanks to the so-called ring signatures, when one user sends XMR to another, the amount is being split into multiple random chunks, making it impossible for the outside observer to see who signed the transaction. Stealth addresses are being created for each transaction so no the operations can be linked.
The mining process of Monero is based on an egalitarian concept, that considers all people as equal and deserving of equal opportunities. The project uses the proof-of-work algorithm created by the community members, which allows keeping the use of the mining-specific hardware unfeasible. Developers don’t keep any stake for themselves on the launch. The network relays on community support and contributors.
One of the most important parts of the project is the Monero Research Lab. It allows developers from all over the world to discuss new ways for the platform’s improve. It is believed that hundreds of researchers input into the development of Monero.
A Simple Way To Exchange Monero Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.