How To Buy Monero

The purpose of this website is to help you buy and obtain custody of Monero, a private cryptocurrency used for digital payments. Answer the following questions and do the corresponding steps and you will be on your way to owning and spending Monero.

Last Update: September 5th, 2022

Propose revisions on: GitHub.

Start Here

Do you want to buy Monero as fast as possible or as privately as possible?
Do you already have a cryptocurrency exchange account? (ex: Coinbase, Kraken, FTX, Binance US, etc.)
Note: Robinhood, Venmo, PayPal and several other companies do not count because they do not allow you to withdraw the cryptocurrency from your account!
Which cryptocurrency exchange do you have?
How to buy crypto on Binance US which can be converted to Monero

  1. Sign into your Binance US account
  2. Buy some amount of Bitcoin (BTC) or Litecoin (LTC). The amount you buy should be higher than the amount in Monero you want because of transaction and exchange fees. For example, if you wanted to have $100 USD worth of Monero, buy $110 USD of Bitcoin or Litecoin. (Note: depending on the verification level you've setup in your account, this process could take just a few minutes or could take over a week to finalize into your account)
  3. Download Cake Wallet for your mobile phone.

How to buy Monero on Kraken

  1. Sign into your Kraken account
  2. Assuming you have setup your account to connect to your bank account, you should be able to buy Monero directly on Kraken
  3. After you have successfully bought Monero, you should withdraw it from the exchange to gain self-custody
  4. Download a crypto wallet app and send your Monero to this wallet
  5. Create a wallet in Cake Wallet for Monero
  6. Copy the public address (click the Receive button and then click the button next to the address to copy it)
  7. Send your funds from Kraken to Cake Wallet

How to buy crypto on Coinbase which can be converted to Monero

  1. Sign into your Coinbase account.
  2. Buy some amount of Bitcoin (BTC) or Litecoin (LTC). The amount you buy should be higher than the amount in Monero you want because of transaction and exchange fees. For example, if you wanted to have $100 USD worth of Monero, buy $110 USD of Bitcoin or Litecoin. (Note: depending on the verification level you've setup in your account, this process could take just a few minutes or could take over a week to finalize into your account)
  3. Download Cake Wallet for your mobile phone.
  4. Create a wallet in Cake Wallet for whichever cryptocurrency you bought (Bitcoin or Litecoin)
  5. Copy the public address (click the Receive button and then click the button next to the address to copy it)
  6. In Coinbase, paste the address you copied from Cake Wallet where you want to send your funds to
  7. Send your funds from Coinbase to Cake Wallet
  8. Convert your funds into Monero using Cake Wallet: see steps here

How to convert to Monero in Cake Wallet

  1. Open the Cake Wallet app
  2. You should have funds in the wallet you created from a previous step when you sent your funds from the exchange. If you do not have funds in the wallet, please go back to a previous step.
  3. Create a Monero wallet within Cake Wallet if you have not yet created a Monero wallet
  4. Go back to the wallet which has the funds you transfered to from the exchange
  5. Click the Exchange button in Cake Wallet while in the wallet you have which has funds
  6. Enter the amount you which to convert
  7. Click the address book button to select the Monero wallet you want the Monero to go to
  8. Confirm the transaction and wait