This asset ranks among those of the top 10 and has a valuable investment potential. Started in 2014 and got listed on exchanges in the same year. The project is all about privacy and censorship-resistant decentralized computing that runs on most desktop operating systems.
If you need to carry out transactions on the blockchain without a trace of identity or amount being transferred, ‘Monero is your guy’, this has made it infamous in the decentralized ecosystem causing a high demand by a larger percent of privacy centered individuals. Apart from its network infrastructure, the coin itself is fungible due to its close identity and hence creates liquidity potential for the asset.
The amazing feature is the lack of a block size limit that is present in most top cryptocurrencies, thereby enabling it to carry out multiple transactions per time.
The coin isn’t that hard to buy, it’s quite easy as it is listed in over 16 exchanges including those regarded as top exchanges. There are over 7 trade base pairs to XMR across these exchanges. The most popular ones are BTC, ETH, USDT, and USD. The process to acquire it is easy if you already have any of the base pairs. Simply register an account with the exchange where the asset is listed and send funds to the receiving address of the exchange wallet.
As for the storage of this asset, you can download the wallet and install on PCs running different OS, only make sure you download the correct/current version related to your PC.
More so, a dedicated hardware wallet has just been released by the development team and will soon be made available on the open market. They have also hinted that Ledger is currently working on how to integrate the coin into their hardware wallet.