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Monero is a blockchain-based cryptocurrency which has a key focus on privacy. The project keeps the network and user information private by obscuring all information of the transaction, the sender, and recipient. This means that all transactions are untraceable and that the project is 100% transparent.
Sign up for a free Coindirect account and you will automatically get a free Monero online wallet. You can use your Monero wallet to buy, sell, store, send (withdraw) and receive (deposit) XMR.
Once you have signed up for a free Coindirect account all you need to do press the ‘Receive’ button to reveal your Coindirect Monero wallet address.
If you are in South Africa or in Europe in a SEPA country you can deposit ZAR and EUR into your Coindirect ZAR Wallet or Euro Wallet respectively.
To fund your account you have to transfer money using bank transfers. To get the funding instructions so that your account is credited:
You can sell Monero from your Coindirect wallet by clicking the ‘Sell’ button in your Monero wallet.
If you are in a SEPA region or South Africa. You can sell your Monero and instantly get money transferred to your Wallet (ZAR or EUR).
If you are in another region with no local currency wallet. You can sell your Monero by creating a sell offer on the marketplace.
You now know how to buy Monero instantly from almost anywhere in the world. Make sure to download the Coindirect App to trade Monero from the palm of your hands.
Please note that Coindirect has limits for credit card purchases in place.
Make sure that your account is verified so that your credit card purchase limits are increased.
Currently, the limits for credit card purchases are:
Unverified users – €175 – €500
Verified users – €890 – €1000
If you introduce your friends to trade and invest in cryptocurrency, be sure to send them a link to Coindirect through the Earn programme. When they sign up and make their first transaction, you will both receive 5 XRP for free.
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