Monero (XMR/INR)

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Earn Interest on your XMR (Coming soon)

About Monero (XMR)

Monero is one of the most popular cryptocurrencies in the market. First introduced in 2009 by Satoshi Nakamoto, Monero has held the crypto market’s number one spot according to market capitalization. Monero paved the way for many existing altcoins in the market and marked a pivotal moment for digital payment solutions.

Monero is experiencing a rise in value this week.Currently, Monero is priced at $27,747.00 per XMR, with a circulating supply of 19.52M XMR, resulting in a total market capitalisation of $541.49B.Over the past 24 hours, the trading volume for Monero has increased by $2,388.12B, representing a 178.0894% rise. Moreover, XMR worth $13.41B has been traded in the last day.

If you’re ready to take the next step and want to buy some Monero, take the next step with NeoFi.

How To Buy Monero

1
Create a free account on the NeoFi Website or the App

Create a NeoFi account on NeoFi's website or on the NeoFi app by following the shown. After successful registration, complete the KYC section in order to activate your account. Once the KYC is completed and verified, you are good to start buying Monero on NeoFi.

2
Recharge Your NeoFi Wallet

You can recharge your NeoFi wallet using UPI, Bank Account Transfer, and IMPS. Simply go to Wallet and click on Deposit. Choose the amount you want to recharge your wallet with and select the payment method. Once the payment is successful, the amount will be credited to your NeoFi wallet.

Tip: Use IMPS when using Bank Account Transfers to deposit money to your NeoFi wallet. This will ensure that your money is deposited instantly to your NeoFi wallet.

3
Purchase your first Monero (XMR) on NeoFi

Once your NeoFi wallet is recharged, you can start buying Monero. Go to the Buy/Sell section and select Monero. Choose the amount you want to buy and click on Buy. Once the payment is successful, the Monero will be credited to your NeoFi wallet instantly. You can check your Monero balance in the Wallet section

Next Steps: You can now start trading Monero on NeoFi. You can also hold Monero in your NeoFi wallet and earn interest on it (coming soon).

FAQ - Other Questions About Monero

Is Monero legal in India ?

Buying, Selling, Investing, Transferring and Holding Monero is legal in India However, it does not have a legal tender status. This means that Monero and other cryptocurrencies can not be used to settle debts in exchange for any type of goods or services. Cryptocurrency is taxed under the category of virtual digital assets.

What is the Minimum purchase amount needed to buy Monero in India?

On the NeoFi platform, the minimum purchase amount for buying Monero is INR 1000. However, this can change, and please go to the Monero trading page to know the latest amounts.

What is the future of crypto trading in India?

Since 2020, Crores of Indians have invested in cryptocurrencies, and with the number going up every day. Indians look excited for the crypto revolution. The government is also actively trying to set up a regulatory framework for its smooth functioning, the recent MCA amendment being the first step.

Can I directly buy Monero In India?

Yes, you can directly buy Monero in India on the NeoFi platform. Simply, register for NeoFi, top up your wallet, and buy your first Monero.

How to buy cryptocurrencies in india?

Using Neofi you can buy more than 100+ cryptocurrencies in India. NeoFi has simplified crypto buying, selling and investing for Indians, and you can begin trading in crypto with just ₹100. You can also earn rewards for buying crypto through NeoFi.

Can I convert Monero to Cash in India?

Yes, you can convert Monero to cash on the NeoFi platform. To do this, simply go to the trading page, choose Sell Monero, Enter the amount you want to see and click sell. The selling is instantaneous.

How to Earn Monero In India?

NeoFi allows you to earn free Monero (and other cryptocurrencies) by taking part in referrals. Simply, refer NeoFi to your friends, and you get their trading fee as Monero whenever they trade. Additionally, if your referral trades over a certain amount, you will receive an additional bonus.

Why is NeoFi the best crypto trading platform in India?

Unlike other crypto exchanges, Neofi pools liquidity from leading crypto exchanges globally to enable users to trade in cryptos at the best rate. Additionally, NeoFi platform features 24/7 customer support, and robust security for your assets.