What is Monero?
Monero (XMR) is a private, decentralized cryptocurrency that keeps your finances confidential and secure.
What problem does Monero solve?
Monero aims to allow transactions to take place privately and with anonymity. While it’s commonly thought that Bitcoin can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.
Who uses Monero?
Monero can be used by anyone who values privacy and security in their financial transactions. It aims to provide protection to all users — irrespective of how technologically competent they are.
What can Monero be used for?
Monero is a currency and can be exchanged for goods, services, and other currencies, privately and with very low fees. Many entities will gladly accept XMR for payments.
How to get started with Monero?
To use Monero, the first thing you need is a wallet. Visit the Monero website and download the right wallet for you. After you install a wallet, you need to get some Monero. There are multiple ways to acquire some coins to spend, like mining or working in exchange for Monero, but the easiest way is to use an exchange and convert your fiat money into XMR.
