![]() The wallet looks like a usual USB device. Ledger Nano is known for providing better functionality and a higher security level than other similar options. Ledger Nano is a recommended hardware wallet that supports not only Monero but also other major coins. Safety level: these wallets are offered by reputable companies and provide the security of funds stored there.Ease of use: all these wallets can be used without major issues by both beginners and experienced traders.Reputation: they all are known for being reliable and safe.Here, we have selected the top Monero wallets based on the following criteria: If you believe that Monero is worth investing in, you need to know where you can store the coins. Considering though that those are mainly centralized exchanges that track the users’ data, using Monero there would be unreasonable because the fact that the transactions aren’t anonymous contradicts the coin’s nature. However, some major exchanges such as Coinbase or OKEx do not list the coin. ![]() ![]() You can buy and sell Monero on a number of exchange services including LetsExchange.io. One of the most common Monero applications is trading. On the other hand, due to the total anonymity of the coin, it can be easily used for fraud and illegal or partially legal activities such as drug trafficking, gambling, and similar. In this regard, Monero is one of the safest coins in the cryptocurrency market. No data about a transaction can be tracked. Monero is considered to be one of the coins that offer the top anonymity level of every transaction. In other words, you can replace one coin with another without seeing any difference. Any Monero coin is absolutely the same as any other Monero coin. So, the coins are equal in value but aren’t identical. Every Bitcoin is a unique sequence of symbols. While it is told that Bitcoin is fungible, this can be argued. This is the main difference between Monero and Bitcoin.Īnother difference is the coin fungibility in its widest sense. There, one can just see that a transaction was registered. While the majority of blockchains allow you to see the transaction, the amount, and even some data such as the sender and the recipient wallet address, the Monero blockchain is different. Monero is a privacy-oriented cryptocurrency. That’s why it has been attracting increased attention since 2014, the year when it was launched. Along with this benefit, it offers its investors plenty of other advantages. Monero sets an example in this regard as it is associated with the top privacy and anonymity level of every transaction. However, different coins have succeeded in this mission to a different extent. What Is Monero?Īll cryptocurrencies aim to boost the privacy level of transactions. What is Monero? How to choose the best Monero wallet? ⚡ Explore the best 6 Monero wallets.
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