Best Exchanges to Buy Monero 2024

Complete comparison of exchanges for buying and trading Monero. Find the best platforms based on fees, privacy, regulation, and user experience.

🕐 12 min read Updated: October 2024

Centralized Exchanges (CEX)

Traditional exchanges that offer Monero trading pairs with high liquidity and user-friendly interfaces.

🏆 Binance

Highest Volume

✓ Advantages

  • Highest XMR trading volume globally
  • Lowest fees with BNB discount
  • XMR/USDT, XMR/BTC, XMR/ETH pairs
  • Advanced trading features
  • Excellent mobile app

✗ Drawbacks

  • KYC required for full features
  • Regulatory pressure in some regions
Trading Fees: 0.1%
Withdrawal Fee: 0.0001 XMR
KYC Required: Yes
24h Volume: $15M+
Trade on Binance View XMR Pairs

🔒 Kraken

Most Secure

✓ Advantages

  • Excellent security track record
  • Regulated and licensed exchange
  • Bank transfer support
  • XMR/USD, XMR/EUR pairs
  • Good customer support

✗ Drawbacks

  • Higher fees than competitors
  • Limited altcoin selection
Trading Fees: 0.16%
Withdrawal Fee: 0.0002 XMR
KYC Required: Yes
Fiat Support: USD, EUR, GBP
Trade on Kraken

🎯 KuCoin

User Friendly

✓ Advantages

  • Easy to use interface
  • Lower KYC requirements
  • Good selection of trading pairs
  • Competitive fees
  • Margin trading available

✗ Drawbacks

  • Less regulated than major exchanges
  • Lower liquidity than top-tier exchanges
Trading Fees: 0.1%
Withdrawal Fee: 0.00015 XMR
KYC Required: Optional
Trade on KuCoin

💎 Gate.io

Altcoin Focus

✓ Advantages

  • Wide variety of altcoins
  • Very low trading fees
  • No KYC for basic features
  • Copy trading features

✗ Drawbacks

  • Lower XMR liquidity
  • Complex interface for beginners
Trading Fees: 0.2%
Withdrawal Fee: 0.0001 XMR
KYC Required: Optional
Trade on Gate.io

Peer-to-Peer (P2P) Platforms

Buy Monero directly from other users with various payment methods and privacy levels.

🔒 LocalMonero

Most Private

Features:

  • No KYC required
  • Multiple payment methods (cash, bank, PayPal, crypto)
  • Built-in escrow system
  • Tor integration support
  • Global user base

Payment Methods:

Cash Bank Transfer PayPal Gift Cards Crypto
Use LocalMonero

⚖️ Bisq

Decentralized

Features:

  • Completely decentralized
  • No platform fees
  • Tor by default
  • Open source software
  • National currency support

Payment Methods:

Bank Transfer Cash Deposit Crypto
Use Bisq

Privacy-Focused Exchanges

Exchanges that prioritize user privacy and have minimal KYC requirements.

🛡️ Azbit

Exchange focused on privacy coins with minimal verification requirements.

  • Optional KYC
  • Privacy coin support
  • Low withdrawal minimums
Visit Azbit

🔐 TradeOgre

No KYC exchange with focus on altcoins and privacy coins.

  • No KYC required
  • Monero trading pairs
  • Low fees
Visit TradeOgre

Exchange Comparison Table

Exchange Type Fees KYC XMR Pairs Liquidity
Binance CEX 0.1% Required XMR/USDT, XMR/BTC Very High
Kraken CEX 0.16% Required XMR/USD, XMR/EUR High
KuCoin CEX 0.1% Optional XMR/USDT, XMR/BTC Medium
LocalMonero P2P 1-5% None Direct XMR trades Medium
Gate.io CEX 0.2% Optional XMR/USDT Medium

Choosing the Right Exchange

💰 For High Volume Trading

Binance

Best liquidity and lowest fees for active XMR traders. Perfect for day trading and large orders.

🔒 For Privacy Conscious

LocalMonero

No KYC required, multiple payment methods, and direct P2P trading for maximum privacy.

🏦 For Fiat Integration

Kraken

Best option for buying XMR with bank transfers and fiat currencies in regulated environment.

⚡ For Beginners

KuCoin

User-friendly interface with optional KYC and good customer support for new users.

Exchange Safety Tips

🔐 Enable 2FA

Always use two-factor authentication on all exchange accounts.

💰 Don't Store Large Amounts

Withdraw XMR to personal wallet after purchase. Exchanges are not wallets.

🔍 Verify Addresses

Double-check withdrawal addresses and use address book features when available.

📊 Monitor Activity

Regularly review account activity and set up notifications for suspicious actions.

🔒 Use Strong Passwords

Create unique, complex passwords for each exchange account.

Regional Exchange Options

🇺🇸 United States

  • Kraken (fully licensed)
  • Binance.US (limited XMR support)
  • LocalMonero (P2P option)

🇪🇺 European Union

  • Kraken (EUR support)
  • Binance (EUR pairs)
  • KuCoin (SEPA transfers)

🌏 International

  • Binance (global support)
  • KuCoin (international)
  • LocalMonero (worldwide P2P)

Buying Process Overview

1. Choose Exchange

Select based on your location, payment method, and privacy preferences.

2. Complete Verification

Provide required KYC documents if needed (not required for P2P platforms).

3. Deposit Funds

Add funds via bank transfer, card, or cryptocurrency depending on exchange.

4. Place Order

Buy XMR at market price or set limit orders for better rates.

5. Withdraw to Wallet

Transfer XMR to your personal wallet for security.

Common Exchange Issues

High Withdrawal Fees

Solution: Plan larger withdrawals to amortize fees, or use exchanges with lower withdrawal costs.

Verification Delays

Solution: Submit clear documents and contact support if delays persist. Consider no-KYC options.

Price Slippage

Solution: Use limit orders instead of market orders for large purchases.

Network Congestion

Solution: Wait for less busy periods or use faster withdrawal options if available.