Both Monero (XMR) and Bitcoin (BTC) are considered popular instances of digital money. Bitcoin is the first and the most important digital currency. Monero, on the other hand, is new hope, with huge potential and plenty of owners around the globe. If you want to trade XMR and BTC with complete anonymity, you’ve come to the right page.
Selling your crypto in Australia means that you are subjected to tax (CGT), this Crypto Australian tax calculator by Swyftx to know how much profit you will receive after deduction.
Monero and Bitcoin Last Updates
As you know, the crypto world is rapidly moving forward, and new pieces of news emerge all the time. By the time you read this article, the latest updates may be old news, but we’ll mention some of the latest developments nevertheless to see in which direction things are moving.
Monero has had a couple of ups and downs recently, mainly because its former maintainer was arrested in the US, but the allegations seem in no way related to XMR. The good news is that he was released shortly after. Other than that, there hasn’t been any big news lately with Monero, except that it was enlisted on some exchanges and delisted from others.
As for Bitcoin, even the tiniest piece of news is big news and can affect its value. The biggest news in the past couple of months is that BTC’s price is going down, but there’s no exact way to tell when will it start going up again.
Monero (XMR) to Bitcoin (BTC) Price Statistics
The price of XMR has been actively measured since 2014. The first time the digital currency reached a peak was in December 2017. The price started falling after that, only to hit the all-time high of $483.58 on May 9, 2021. On the other hand, the lowest that Monero ever traded was $0.22 in January 2015.
Even though Bitcoins price has been decreasing lately, it is still gradually increasing over a longer period. The first time the BTC price surged and hit $19,497.4 was in December 2017. Many thought it would only go down from there. However, it turned out not to be the case as the BTC price soared to an all-time high of $67,566.8 on November 8, 2021.
What Is 1 Monero to Bitcoin Exchange Rate?
At the moment, if you swap XMR for BTC, you’ll see that one XMR is worth approximately 0.0049 BTC. However, any crypto trader knows that this doesn’t mean much as the price changes. Therefore, instead of searching for the current price in articles, the best option for you is to use a converter Monero to Bitcoin, which will give you a price in real-time. That way, you can play your trading strategy without worrying about outdated price changes.
How to Exchange XMR to BTC With the Lowest Fees and No KYC
Exchanging XMR to BTC is easy, especially if you use a convenient exchange like Godex. Here’s how to do it in a couple of easy steps:
- Open the converter in your browser.
- Choose the currency you want to sell, as well as the cryptos you aim to purchase. In this particular case, you’ll have to click on Monero and Bitcoin from the dropdown list.
- Enter the amount of XMR in the left field. It can be either the amount you wish to purchase (in BTC) or sell (in XMR). The platform will automatically scrape the best price in real-time and fill the other field automatically. In other words, you need to fill one of the two fields, and the calculator will automatically fill the other.
- Then, enter the address of your BTC wallet.
- Send XMR on the crypto wallet specified by Godex.
- Exchange XMR to BTC — The average time required to make a swap on a decentralized exchange is from 5 to 30 minutes. The exchange time depends on the overall trading volume.
Monero (XMR) and Bitcoin (BTC) Crypto Wallets
Once you start dealing with digital currencies, you’ll need to find a convenient way to store them. As it happens, cryptos can only be stored in cryptocurrency wallets.
For Monero, the Monero GUI Wallet should be your first choice, given it is the best desktop wallet for XMR. Another popular option is called MyMonero.
Some leading software wallets for storing BTC are Exodus and Mycelium.
If you want enhanced security, it’s best to use a hardware wallet. Some popular examples include Ledger Nano S and Trezor Model T.
To Summarize the Above
Exchanging cryptocurrencies is not that difficult nowadays. You don’t have to be a tech-savvy person thanks to the platforms such as Godex, as the technical part of swapping Monero to Bitcoin (or any other two cryptos) is easier than ever. It all comes down to a couple of easy steps that anyone can understand and execute to make a trade.
There are also many exchanges aimed at professional traders. You can learn more about them once you have mastered skills and knowledge about trading digital currencies. As a beginner or an intermediate crypto enthusiast, it’s best to stick to the easy-to-use crypto exchange platforms that focus on one-on-one converters.
