A Beginners Guide From KuCoin About Monero (XRM)

 

The Kucoin Guide To Monero (XRM) For Beginners

Monero (XRM) has been around since 2014, but it regularly makes headlines in the cryptocurrency world. As of August 2018, XRM has a market cap of over $2 billion, and thousands of new people are investing in the coin daily – why? Let's take a closer look at what makes Monero so special, and help you decide if it's worth your investment time and money! But first... what even is xrm?

What Are Crypto Trading Pairs?

In cryptocurrency trading, a pair is two currencies traded against each other. For example, Bitcoin (BTC) and Bitcoin price and Ethereum (ETH) make up a popular crypto trading pair. Trading pairs can be found on exchanges, offering different pairs. For example, KuCoin offers BTC/USDT,  BTC/ETH, Doge, and BTC/Luna (shib) pairs.

If you want to buy your first Monero (XRM) but don't know where to start, you've come to the right place! We at KuCoin have put together this guide to help you navigate the complexities of using XRM. This beginner's guide is meant to provide new investors with information on basic trading and how to use an exchange like KuCoin, as well as answers to some of the more common questions regarding XRM investing and mining. Let's get started!

What Is XRM?

XRM is a digital asset that allows for private, secure, and untraceable transactions. It was created in 2014 and is based on the CryptoNote protocol. XRM is different from Bitcoin because it uses ring signatures and stealth addresses to hide the identity of the sender and receiver. The price of XRM has been steadily increasing since its creation, and as of January 2018, 1 XRM is worth $257.

How Does XRM Work?

XRM is a cryptocurrency that was created with privacy in mind. Transactions on the XRM network are untraceable and unlinkable. That means no one can see how much XRM you have or where you spend it. The Bitcoin price is determined by supply and demand. When more people want to buy Bitcoin than there are willing sellers, the price goes up.

Why Should I Use XRM?

Bitcoin prices are at an all-time high, meaning the cryptocurrency market is booming. If you want to get in on the action, you may wonder about Monero. Here's a beginner's guide from KuCoin about this popular cryptocurrency.

Other Coins You Can Buy With XRM On KuCoin

Bitcoin (BTC) is the most popular cryptocurrency, but many others are available on KuCoin. Some of the other coins you can buy with XRM include Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Ripple (XRP). These are just a few of the many options available on KuCoin.

Conclusion / Summary

In conclusion, Monero is a secure, private, and untraceable cryptocurrency with a growing community and real-world adoption. If you're looking to get started in the world of privacy coins, Monero is a great option, and KuCoin is one of the easiest exchanges to buy it on. And, with Bitcoin prices on the rise again, now is a great time to invest!