How to Buy Monero (XMR) in the UK

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The crypto market is becoming one of the most popular mid-market cap investment choices in the UK. It is capable of bringing unimaginable profits to those who invested in the right coin at the right time.

Many professional British traders are looking to invest in a secure alternative coin with favorable forecasts that can offer what other popular coins such as Bitcoin cannot - high security and anonymity features. That is where Monero (XMR) comes into play. If you are interested in buying Monero in the UK - follow our guide and get all the answers.

What Is Monero (XMR) and Why Should You Buy It?

Monero XMR is considered the leader of privacy-oriented coins that gained worldwide popularity due to its unique features. It is different from Bitcoin BTC and other well-known crypto coins due to the advanced cryptography and fungibility that XMR provides.

Monero blockchain protects the user from being disclosed to other parties and guarantees the highest anonymity possible. It uses ring signatures, stealth addresses, and RingCT technology that makes your transactions confidential at all levels.

How to Buy Monero in the UK: Step-By-Step Guide

As a general rule, here is what you should do if you want to purchase XRP coins:

  1. 1
    Take a look at our research on the most popular Monero exchanges and choose one that is optimal in your particular case.
  2. 2
    Create an account on the selected exchange.
  3. 3
    Verify your identity.
  4. 4
    Make a deposit using a bank card or any other convenient payment method supported by the exchange platform.
  5. 5
    Select your pair: GBP/XMR and indicate how many coins you’d like to acquire.
  6. 6
    Press “Buy”.
  7. 7
    Confirm your purchase.

Where to Buy XMR in the UK: The Best Exchanges

We have gathered the best exchange platforms that support Monero and listed their main features, pros, and cons.

Binance

Binance logo

Payment methods:

  • Visa
  • Mastercard
  • Cryptocurrencies
  • Osko
  • PayID

Supported deposit currencies: GBP, USD, AUD, CAD, EUR, CNY, RUB, TRY, NGN, UAH

Trading fees:

  • Maker fee: from 0.1000% to 0.0200%, depending on your level
  • Taker fee: from 0.1000% to 0.0400%, depending on your level

The margin borrow interest rate for XMR also depends on your level.

Level

Fee

Level 0

0.080000%

Level 1

0.076000%

Level 2

0.076000%

Level 3

0.072000%

Level 4

0.072000%

Level 5

0.072000%

Level 6

0.068000%

Level 7

0.068000%

Level 8

0.064000%

Level 9

0.064000%

Other fees:

  • Deposit fee: No fee
  • Withdrawal fee: 0.0001 for a minimum withdrawal of 0.0002

For pair XMR/BTC, the minimum trade amount is 0.001 XMR. The maximum market order amount is 3447.71592639 XMR. The maximum order size is 0.0001 BTC.

Pros

Cons

  • Great liquidity
  • Free deposits for XMR
  • Customer service
  • Fair limits on withdrawals
  • No supported GBP/XMR pair
  • Not possible to buy Monero with a credit card, only in exchange for another coin

How to buy XMR on this exchange:

  1. 1
    Create an account and finalize the verification process.
Buying XMR on Binance step 1
  1. 2
    Go to “Funds” to make a deposit. Remember, it is not possible to buy Monero with a credit card. Therefore, you can buy BTC that you will exchange for Monero.
Buying XMR on Binance step 2
  1. 3
    Exchange BTC to XMR and indicate how much you’d like to buy and select your pair. Press “Buy XMR” and confirm your purchase.
Buying XMR on Binance step 3

Poloniex

Poloniex logo

Payment methods:

  • Deposit crypto on-chain
  • Buy crypto with fiat from your credit or debit card using Simplex

Supported deposit currencies: USD, CNY, RUB, EUR, JPY, KRW, BTC

Fees:

  • Maker fee: 0.01%
  • Taker fee: 0.075%
  • Landing fees: 15%
  • Deposit fee: 0

Limits depend on your account level:

  • Level 1 accounts: up to $10,000 USD or around 7,228 GBP per day
  • Level 2 accounts: up to $500,000 USD or around 361,437 GBP per day

Pros

Cons

  • Low fees
  • A rich selection of crypto coins
  • No GBP in the fiat currency section
  • Loose regulation

How to buy Monero in the UK on this exchange:

  1. 1
    Create and verify your account.
Buying XMR on Poloniex step 1
  1. 2
    Buy USDT with fiat in the exchange window.
Buying XMR on Poloniex step 2
  1. 3
    Select the USDT/XMR trading pair and indicate the amount of coins. With the open order, you will have to wait until a new sale on your indicated terms becomes available.
Buying XMR on Poloniex step 3

Kraken

Kraken logo

Payment methods for GBP:

  • FPS/BACS (ClearJunction)
  • CHAPS (ClearJunction)
  • SWIFT (Bank Frick or Etana Custody)

Supported deposit currencies: GBP, USD, EUR, CAD, AUD, CHF, JPY

Kraken fees depend on the volume.

Volume

Maker Fee

Taker Fee

£0-£50,000

0.16%

0.26%

£50,001-£100,000

0.14%

0.24%

£100,001-£250,000

0.12%

0.22%

£250,001-£500,000

0.10%

0.20%

£500,001-£1,000,000

0.08%

0.18%

£5,000,001-£10,000,000

0.02%

0.12%

£10,000,000+

0.00%

0.10%

Fees:

  • Opening fee for Monero in EUR, USD, BTC: 0.02%
  • Rollover fee for Monero in EUR, USD, BTC: 0.02% per 4 hours
  • Deposit fees: free with FPS/BACS and SWIFT Etana Custody. 21 GBP deposit fee for CHAPS and 3GBP for SWIFT (Bank Frick).
  • Withdrawal fees for XMR: 0.0001 XMR

Cryptocurrency limits:

  • Deposits: unlimited for all levels
  • Withdrawals: 5,000 USD or around 3,585.98 GBP for starter, 500,000 USD or around 361,475 GBP for intermediate and 10,000,000 USD or around 7,230,500 GBP for pro

Fiat currency limits:

  • Deposits: starting with 9,000 USD or about 6,504 GBP for beginners
  • Withdrawals: starting with 9,000 USD or about 6,504 GBP for beginners and 10,000,000 USD or around 7,230,500 GBP for pro
  • XMR withdrawal limits: 0.01 XMR

Pros

Cons

  • Fair transaction fees
  • A good selection of fiat currencies, including GBP
  • Low XMR withdrawal fees
  • Mediocre customer support
  • Opening fee for XMR not indicated in GBP

How to buy Monero in the UK on this exchange:

  1. 1
    Sign up for an account and verify your account.
Buying XMR on Kraken step 1
  1. 2
    Deposit crypto or fiat currency into your account and buy BTC.
Buying XMR on Kraken step 2
  1. 3
    Exchange BTC for XMR by filling out the order form and clicking “Convert”.
Buying XMR on Kraken step 3

Crypto.com

Crypto.com logo

Payment methods:

  • Debit card, credit card
  • UK bank transfers via Faster Payments Service

Supported deposit currencies: more than 30 currencies, but deposits only in GBP and EUR

Trading fees at Crypto.com are different at various levels:

  • At Level 1, the Maker fee is 0.10%, and the Taker fee is 0.16%
  • At Level 2, the Maker fee is 0.09%, and the Taker fee is 0.15%
  • At Level 3, the Maker fee is 0.08%, and the Taker fee is 0.14%
  • At Level 4, the Maker fee is 0.07%, and the Taker fee is 0.13%
  • At Level 5, the Maker fee is 0.06%, and the Taker fee is 0.12%
  • At Level 6, the Maker fee is 0.04%, and the Taker fee is 0.10%

Pros

Cons

  • Discounts on fees
  • Privacy
  • 0% fees on credit/debit card
  • Limited deposit methods
  • Not for beginners

How to buy XMR on this exchange:

  1. 1
    Create an account on Crypto.com and verify it.
Buying XMR on Crypto.com step 1
  1. 2
    Make a deposit in GBP to your account.
Buying XMR on Crypto.com step 2
  1. 3
    Select XMR in the list of crypto options or visit the Monero official website mentioned on crypto.com. Indicate the number of coins desired and click “Buy now”.
Buying XMR on Crypto.com step 3

ChangeNow

ChangeNow logo

Payment methods:

  • Visa or Mastercard via Simplex
  • Crypto transfer

Supported deposit currencies: GBP, USD, EUR, CAD, JPY, RUB, AUD, KRW, CHF, CZK, DKK, NOK, NZD, PLN, SEK, TRY, ZAR, HUF, ILS

For credit card purchases via Simplex: 5% for each sale for Simplex charges and 1% for ChangeNow

There are no extra fees for buying MXR with GBP. For instance, if you spend 1,000 GBP, you will get 3.596 XMR with no extra fees.

When you purchase XMR with a bank card, the following limits apply: the purchase must be a maximum of 20,000 USD or around 14,404 GBP. The daily purchase limit is 20,000 USD or around 14,404 GBP, and the monthly purchase limit is 50,000 USD or about 36,010 GBP per person.

Pros

Cons

  • Has less fees than the competitors
  • Convenient for purchases in GBP
  • Opportunity to buy MXR using a bank card
  • A need for a wallet
  • Limited deposit methods
  • Lots of advertisement

Here is how you can buy Monero in the UK on this exchange:

  1. 1
    Go to the main page and choose XMR as the “you get” currency. Indicate GBP XMR pair and enter your wallet address.
Buying XMR on ChangeNow step 1
  1. 2
    Confirm the information.
Buying XMR on ChangeNow step 2
  1. 3
    You’ll be redirected to a partner site to finalize the purchase - Simplex or crypto exchange.
Buying XMR on ChangeNow step 3

Bitfinex

Bitfinex logo

Payment methods:

  • Credit and debit card: bank wire
  • Crypto payments from your wallet

Supported deposit currencies: GBP, USD, EUR, JPY, CNH

Crypto to fiat:

  • Maker fee: 0.100%
  • Taker fee: 0.200%
  • Net Taker fee: 0.2000%

Deposit fees:

  • Crypto and stablecoin: free
  • Fiat deposits: 0.100%
  • Withdrawal fees: 0.0001 XMR
  • Charge on fees by margin trading: 15%

Limit for minimum deposits and withdrawals: 10,000 GBP

Pros

Cons

  • Free crypto deposits
  • Fair withdrawal fees
  • Great terms for GBP purchases
  • 24/7 customer support
  • Good desktop layout
  • Lack of transparency
  • Medium reputability
  • No GBP/XMR pair

How to buy Monero on this exchange:

  1. 1
    Create an account.
Buying XMR on Bitfinex step 1
  1. 2
    Make a deposit in fiat using your preferred payment method.
Buying XMR on Bitfinex step 2
  1. 3
    Go to the “Trading” section and indicate your pair: USD/XMR. Specify the amount of your order and click “Exchange Buy”.
Buying XMR on Bitfinex step 3

Huobi

Huobi logo

Payment methods:

  • Visa/Mastercard
  • Faster Payments for the UK traders
  • iDEAL
  • SEPA
  • Interac
  • PayID

Supported deposit currencies: GBP, EUR, USD, RUB, UAH, KZT

Fees:

  • On average, 0.20% Taker and Maker fees
  • Deposit fees for XMR: 0
  • Withdrawal fees for XMR: 0.01 XMR

Limits:

  • Huobi system converts withdrawal limits of all fiat currencies into BTC.
  • Verified users get a limit of 100 BTC in 24 hours.
  • Unverified visitors get a limit of 1 BTC in 24 hours.

Pros

Cons

  • Lower than average maker and taker fees
  • Great options for payment methods including Faster Payments for the UK users
  • 0 deposit fees for XMR
  • Huobi has suspended and resumed XMR sales multiple times
  • High limits for unverified users

How to buy Monero in the UK through Huobi:

  1. 1
    Create an account and go through ID verification.
Buying XMR on Huobi step 1
  1. 2
    Make a GBP deposit to your account.
Buying XMR on Huobi step 2
  1. 3
    Select GBP in the list of currencies XMR in the list of digital assets. Click “Buy XMR”.
Buying XMR on Huobi step 3

You might need to wait. When the seller releases your XMR, the relevant transaction is considered complete.

Libertex

Libertex logo

Payment methods:

  • Credit/debit card
  • Skrill e-wallet
  • Sofort
  • SEPA
  • Neteller
  • Giropay
  • Trustly
  • iDeal
  • Multibanco
  • Rapid transfer

Supported deposit currencies: EUR

 Fees:
  • Transaction fees vary per case, there is an opportunity to unlock discounts depending on the level
  • Inactivity fees
  • Rollover fees vary per case

Limits:

  • Minimum withdrawal fee is 10 EUR or 8,57 GBP
  • Minimum deposit amount is 10 EUR or 8,57GBP
  • Minimum investment amount for any tradable instrument is around 10 EUR or 8,57 GBP

Pros

Cons

  • Low minimum deposits
  • Regulated
  • Opportunity to pay in pounds
  • Easy to navigate from Windows PC, Android, or Mac
  • Fees that vary
  • Inactivity fee
  • The lack of peer-to-peer

Below are instructions to buy Monero in the UK on Libertex:

  1. 1
    Create a Libertex account and verify your account.
Buying XMR on Libertex step 1
  1. 2
    Select a payment method and deposit fiat.
Buying XMR on Libertex step 2
  1. 3
    Select XMR from the list of available crypto options, indicate how much of XMR you’re buying, and confirm.
Buying XMR on Libertex step 3

Where to Store Monero?

The best places to store XMR are Trezor Model T, Monero GUI, and Ledger Nano.

Trezor Model T

Trezor Model T is a premium cryptocurrency hardware wallet where you can store most of the available crypto coins, including XMR. It supports the integrated version of the official Monero GUI wallet with enhanced Trezor security features that protect against all forms of hacking and third-party invasions.

Monero GUI

Monero Graphical User Interface wallet is the official wallet offered by the Monero community as it was created and maintained by developers-volunteers. Among the key characteristics of this option are downloadable blockchains, advanced ways to send and receive transactions, and excellent functional possibilities for the advanced crypto developers when accessing the official website via the browser.

On the downside of it, the Monero GUI wallet is well-known for bugs and technical issues that may appear from time to time. Therefore, regular, timely updates are a must.

Ledger Nano

Another offline wallet that offers decent security features and directly links you to the official Monero GUI wallet if needed. The top characteristics are offline password requests, long-lasting battery, easy plugin, and advanced mobile connectivity.

Cryptocurrency Regulations in the UK

If you are looking for an exchange that is 100% legal in the UK and complies with the UK rules, check for the following criteria:

  • It must be registered with the Financial Conduct Authority (FCA) and receive the notifications.
  • It must comply with Know-Your-Customer regulation.
  • It must be aware of the UK escrow regulations.
  • It must comply with the UK Anti-Money Laundering regulation.
  • It should not allow crypto derivatives as those are illegal in the UK.

Final Thoughts

The world’s leading financial analysts, brokers, and crypto custodians predict a significant increase in XMR digital asset price in the next couple of years, making it an attractive investment to make in 2021.

There are plenty of exchanges where you can buy Monero XMR in the UK and store it safely and anonymously in your digital wallet. 

FAQ

What Is the Best Exchange to Buy XMR?

The leading exchanges in the UK where you can buy Monero XMR are Binance, Poloniex, and Kraken.

Where Can I Buy Monero?

At the moment, not every exchange supports Monero XMR trading. You can buy XMR in the UK from Bitfinex, ChangeNow, Binance, Poloniex, Kraken, or elsewhere.

Is Monero a Good Investment in 2021?

The forecasts for Monero XMR are optimistic. XMR is expected to reach 648 GBP in 2023 and 1,000 GBP in 2025, making it one of the best investments in crypto for 2021.

Can Monero Make Your Rich?

Crypto investments in Monero XMR can make you rich if you buy it for cheap at the right time and sell it at the peak of the price. The price prediction for XMR is signalizing a steady growth in the next couple of years, creating a good window of opportunity already this year.

Can Monero Reach 10,000 USD?

According to brokers and investment analysts from Coindesk, the price for XMR will reach a 10,000 USD mark already in the next 3 years.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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