How to buy real Monero?
Originally, the cryptocurrency was supposed to enable payments independent of the monetary policy of the central banks and independent of state capital controls. Payments should be made as anonymously as possible. But Bitcoin, Monero & Co. are no longer just the “play money” of a few computer freaks, meanwhile more and more private investors are interested in internet currencies – the potential is high.
Tip: The so-called CryptoNote protocol, on which Monero is built, enables practically complete anonymity. An analysis of the blockchains is of next to nothing to track the Monero money flow. Nobody can view accounts and transactions without personal access data. In the dark web, the “dark internet” often used by criminals, Monero is already outstripping the best-known cryptocurrency Bitcoin.
Investors who not only want to benefit from the development of Monero via a CFD, but also want to physically own Monero, need a so-called wallet for this. A wallet is comparable to an electronic wallet or a “private” checking account. A wallet allows you to make cryptocurrency transfers and receive digital money. A Monero transfer is basically no different from a transfer via a conventional bank account. Instead of an account number, only a receiving address is required. Because the digital currency is “transferred” directly from person to person without an intermediary, there are hardly any fees.
A wallet offers another big advantage: You can combine all Monero there, regardless of which provider you bought them from. You can set up a Monero wallet on your smartphone, which simplifies daily use. You can also save your electronic wallet on a tablet or PC.
Important: If you have installed a Monero wallet on your device, you should protect it with a strong password as soon as possible, otherwise hackers could steal your crypto money. Make a note of your password and keep it in a safe place. You will then need the access code again to carry out a transaction.
You can also get a hardware wallet, which is comparable to a USB stick. You can then transfer your digital money to this “stick” from time to time – and save it independently of your devices.