Monero prioritizes privacy and security. It obscures the identity of users through advanced cryptography. Its native token, XMR allows users to make payments quickly and at a low cost without restrictions.
Bitcoin (BTC) is the first cryptocurrency created by Satoshi Nakomoto in 2009 that can be exchanged between two parties without needing an intermediary. Bitcoin transactions are not controlled by any entity and eliminate the need for trust.
Furthermore, Bitcoin acts as a store of value and obeys the principal features of money. It is portable, divisible, durable, uniform, accepted as payment in some quarters, and has a limited supply.
Bitcoin has a maximum supply of 21 million and a market cap of over $365 billion. Its price currently sits at $19,033 as of press time. Bitcoin transactions are completed within an average of 40 minutes.
Monero was created in 2014 to facilitate private and anonymous transactions. It uses a technology known as ring signatures to protect users, irrespective of their technological competence. The drawback of XMR is that due to this strong quality of privacy and anonymity, it is used for illicit transactions on the dark web—even more than Bitcoin.
XMR has a market cap of over $2 billion and a circulating supply of 18,189,892 XMR. As of press time, its market value was $140. Its transaction is between 20 and 30 minutes.
Users can swap BTC for XMR on centralized exchanges and decentralized exchanges. Popular centralized exchanges where BTC can be exchanged for XMR include Binance. Kucoin, Huobi Global, etc.
For decentralized exchanges, this swap can take place on exchange aggregators such as Swapzone. To exchange BTC to XMR on Swapzone, go to swapzone.io and select the BTC to XMR pair to see the available exchange rates. These rates are aggregated from multiple exchanges with the best real-time BTC to XMR prices, liquidity providers, and the lowest exchange fees.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator. It constantly monitors the best exchange rates for thousands of available crypto pairs supported by exchange providers and gives users a chance to swap crypto assets instantly at low fees.
Swapzone provides users with real-time data about exchange rates and exchange rate times across different service providers. These features enhance the feasibility and usability of the platform.
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