How and Where to Buy Monero (XMR) in the UK

Monero XMR logo

Rating: 4.5/5

Bitcoin Trading Verified

     Get A FREE Personal   

Account Manager!

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 is a decentralized open-source cryptocurrency that runs on its own blockchain and allows anonymous transactions. It is based on CryptoNote (ring signatures) technology. Monero is a fork of the Bytecoin cryptocurrency and was launched in 2014. The main difference from many other cryptocurrencies is the inability to track transaction information on the blockchain.

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 XMR 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
    Choose your Monero Wallet 
  3. 3
    Create an account on the selected exchange.
  4. 4
    Verify your identity.
  5. 5
    Make a deposit using a bank card or any other convenient payment method supported by the exchange platform.
  6. 6
    Select your pair: GBP/XMR and indicate how many coins you’d like to acquire.
  7. 7
    Press “Buy”.
  8. 8
    Confirm your purchase.

Step 1. Choose Monero wallet

Ledger

Ledger was founded in 2014 and is a leading manufacturer of secure cryptocurrency storage devices. 


Trust Wallet

Trust Wallet is a mobile app for iOS and Android devices from the developers of the famous cryptocurrency exchange Binance.

Trezor

Trezor Wallet is a physical hardware wallet for Bitcoin digital currency that can function independently of the Internet..

Hardware Wallets

A hardware wallet for cryptocurrencies serves for cold storage of digital assets on a secure physical device, that is, without constant access to the Internet. All of the user's private keys are stored remotely, in the security module (HSM), and are not moved to any servers or into the network at all. The device is usually no larger than a USB flash drive or a bank card, and does not take up much space. It consists of a circuit board, a microcontroller, and a security module. Hardware wallets provide the maximum level of protection for cryptocurrency assets and transactions.

Monero Hardware Wallets:  Trezor, Ledger

Software wallets

Cryptocurrency developers provide users with a native cryptocurrency wallet to store and manage XMR. The program is available for download on the official website in the Downloads section. There are versions for Windows, MacOS, Linux. The application supports about 30 languages.
Monero Wallet features allow you to send and receive transactions, as well as control the history of payments and enter frequently used addresses in your contact book.
But the functionality is not limited to this. On the Advanced tab you can find the possibility of solo-mining, verification and confirmation of transactions, the use of RingDB - a tool to increase privacy.
In addition to the official Monero Wallet there are other options for storing cryptocurrency: Mymonero, Cake Wallet, Monerujo etc.

Add your Monero address

There are three main types of addresses used on the network:

  • Standard, also called raw. It used to be the only one possible. Mining rewards are sent to it.
     Example: 4AdUndXHHZ6cfufTMvppY7JwXNouMBzSkbLYfpAV5Usx3skxNgYeYTRj5UzqtReoS44qo9mtmXCqY45DJ852K5Jv2684Rge
  • A subaddress, which is mostly used today. It is created uniquely for each new incoming payment in the wallet. Example: 6935a64945fb2a39247f39a4db26165c15ad5f64b55ada08a1b01470030e30b5
  • Integrated - for exchanges, companies, etc. Ideal for automated payment acceptance, such as in an online store. Example: 4LL9oSLmtpccfufTMvppY8JwXNouMBzSkbLYfpAV5Usx3skxNgYeYeTRj5UzqtReoS44qo9mtmXCqY45DJ852K5Jv2bYXZKQePHES9khPK
    You can see the address in any wallet if you click "Receive".

Step 2. Buy Monero on an Exchange

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

Exchange Name:

PrimeXBT

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR

Coins Supported:

BTC, ETH, LTC, XRP, LINK, ADA, DOT + 53 others

How to Buy Monero through PrimeXBT (click to expand )

1. Register

  • Enter email
  • Create strong password
  • Accept PrimeXBT terms of service
  • Click create account

You will also need to activate your account: to do this, go to the email and find the 6-digit confirmation code in the letter from PrimeXBT, which you specify on the site. After that, the system will redirect a new user to a personal account.

2. KYC

Next, you need to verify your identity.

3. Deposit
The account on the PrimeXBT exchange is deposited in Bitcoins. To make a deposit, you can use an address or a QR code by scanning it in your mobile wallet, or you can pay manually through the selected payment system of those supported by the operator Changelly. Mastercard/VISA debit or credit cards are available.

You can buy Bitcoin to transfer to PrimeXBT using cryptocurrency exchangers or exchanges.

Then you need to transfer funds to your trading account. You can do that by pressing the "Add funds to trading account" button in your personal cabinet.
Go to the "Trade" tab to access the terminal with information updated in real time and numerous functions.

After that you need to find the right XMR spot pair and make a transaction for the required amount.

Other Exchanges Guide

Exchange Name:

Binance

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR + 40 others

Coins Supported:

BTC, ETH, LINK, ADA, DOT, BNB, TRX, ETC, UNI, CAKE + 350 others

How to Buy Monero through Binance (click to expand )

1. Create an account and finalize the verification process.


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.

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.

Exchange Name:

Poloniex

Poloniex Logo

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR and others

Coins Supported:

BTC, ETH, SOL, DOT + 340 others

How to Buy Monero through Poloniex (click to expand)

1. Create and verify your account.


2. Buy USDT with fiat in the exchange window.

 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.

Exchange Name:

Kraken

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR and others

Coins Supported:

BTC, ETH, SOL, ATOM, ETC, GMT + 190 others

How to Buy Monero through Kraken (click to expand)

1. Sign up for an account and verify your account.


2. Deposit crypto or fiat currency into your account and buy BTC.

3. Exchange BTC for XMR by filling out the order form and clicking “Convert”.

Exchange Name:

Crypto.com

Crypto.com Coin

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

GBP

Coins Supported:

BTC, ETH, SOL, CRO, LTC, AVAX + 220 others

How to Buy Monero through Crypto.com (click to expand)

1. Create an account on Crypto.com and verify it.


2. Make a deposit in GBP to your account.

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”.

Exchange Name:

ChangeNow

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR and others

Coins Supported:

BTC, ETH and others

How to Buy Monero through ChangeNow (click to expand)

1. Go to the main page and choose XMR as the “you get” currency. Indicate GBP XMR pair and enter your wallet address.


2. Confirm the information.

3. You’ll be redirected to a partner site to finalize the purchase - Simplex or crypto exchange.

Exchange Name:

Bitfinex

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR and others

Coins Supported:

BTC, ETH, SHIBA, AVAX, SUSHI + 175 others

How to Buy Monero through Bitfinex (click to expand)

1. Create an account.


2. Make a deposit in fiat using your preferred payment method.

3. Go to the “Trading” section and indicate your pair: USD/XMR. Specify the amount of your order and click “Exchange Buy”.

Exchange Name:

Huobi

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR and others

Coins Supported:

BTC, ETH, DOGE, AVAX, FIL, APE + 620 others

How to Buy Monero through Huobi (click to expand)

1. Create an account and go through ID verification.


2. Make a GBP deposit to your account.

3. Select GBP in the list of currencies XMR in the list of digital assets. Click “Buy XMR”.

Exchange Name:

Libertex

Libertex logo

Deposit Methods:

Cryptocurrency
Credit card
Debit card

Fiat currencies:

USD, EUR and others

Coins Supported:

BTC, ETH and others

How to Buy Monero through Libertex (click to expand)

1. Create a Libertex account and verify your account


2. Select a payment method and deposit fiat

3. Select XMR from the list of available crypto options, indicate how much of XMR you’re buying, and confirm

Step 3. Withdraw your coins

Withdraw bought on the exchange Monero to your wallet address. Your purchase is complete, have a good deal.

Where to Buy Monero? - Best Exchanges

PrimeXBT Review 2022


  • PrimeXBT is not a scam, Established in 2018 and serve traders more than 150 countries
  • User-friendly
  • Great customer service
  • Low trading commissions, take Profit and Stop Loss possibility
  • Margin Trading
  • An extra layer of security through the use of two-factor authentication

FUNDING METHODS:

CRYPTOCURRENCIES: 40+

COUNTRIES: 100+

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

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

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

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

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 XMR 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

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

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

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

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.

Monero Price Chart

The value of Monero today is 115.70 GBP

Price
Volume
Market Cap
1d
7d
30d
1y
all
1d
7d
30d
1y
all