Issues of ensuring personal safety and financial protection have always been relevant. The active development of the Internet space has only aggravated the problem. Now the attacker will not have to hang around the house of a potential victim. You can find out everything about anyone from almost anywhere in the world, and even without extra effort. Of course, to get the maximum amount of financial information you will have to tinker a little longer, but even with due persistence it will not remain a secret. We live in a fairly safe world, but at the same time we have become more vulnerable than ever before.
Blockchain technology and cryptocurrencies based on this technology provide an effective solution to ensure the privacy of financial aspects of life. In addition to this, in the world of cryptography and decentralized finance, blockchain technologies are superior to traditional centralized systems, offering high payment processing speeds and low fees.
How are Bitcoin and Monero different?
Technically, Monero is one of the direct descendants of Bitcoin, that is, a fairly long-standing hard fork of the main chain. Accordingly, from this moment on there is a trading pair XMR/BTC. The main difference between them is the level of confidentiality. Although the Bitcoin blockchain does not display user names, transaction history is completely transparent. The movements of each BTC coin can be tracked, the entire chain of its intermediate owners and the relationships between them can be restored. In general, this is similar to the long-standing method of tracking large banknotes by their number.
In the case of Monero, the blockchain was originally designed to be opaque, and to this day there is no way to extract information about transactions other than the fact that they occurred. The developers plan to introduce updates that will make using Monero even more private. That is, XMR are more like metal coins.
BTC is gradually gaining recognition and legal tender status in some countries, is traded on various cryptocurrency exchanges, and is being included in the investment protection strategies of reputable investors. While Bitcoin is moving towards its goal, things are different with XMR.
Since Monero allows anonymous financial transactions, this raises suspicions about possible use for illegal purposes. Even though international crime prefers Bitcoin or good old cash, privacy coins are very frowned upon by regulators. Decentralized currency cannot be controlled or destroyed, but it is quite possible to complicate its use.
The future of XMR looks very uncertain; Some major cryptocurrency exchanges have stopped supporting Monero trading pairs. If regulatory pressure increases, other sites will follow suit. On the other hand, many analysts have a more optimistic opinion. They are confident that Monero is not in danger in the foreseeable future, since there will always be a demand for privacy.
Where to exchange BTC to XMR
There is no need to waste time searching for a platform to exchange XMR to BTC. The Smart Rate program on the LetsExchange instant exchange platform will handle this task in a matter of seconds. It automatically finds and analyzes available offers in the right direction, choosing the best.
The service is available to everyone, without the need to create an account. That is, all transactions are carried out completely anonymously, regardless of the amount and number of transactions. The process of exchanging coins is simple and intuitive:
- Follow the link https://letsexchange.io.
- Select BTC and enter the amount to sell in the top field.
- Select the target XMR coin to purchase in the bottom field.
- Enter your crypto wallet address.
- Make a deposit.
- Click the “Exchange” button.
Once the exchange request is confirmed, the transaction will be completed and the coins will be sent to your wallet. LetsExchange offers fast, reliable and completely anonymous cryptocurrency exchange. The platform supports more than 4,000 exchange directions, including fiat currencies. Unlike classic exchanges. There are no restrictions on the amount or number of transactions.