Buy, Sell, & Trade XMR
Exchange XMR with USD and Cryptocurrency
Our unique wallet system can be easily accessed on any smartphone or web browser as long as you have your private key. We’ve spent years designing our multi-factor authentication system to ensure that all user data and transactions are as secure as possible. Monitor market trends and buy, sell or swap your digital currency all within our app, Rubix Swap. We support most cryptocurrencies and allow you to connect your bank account in order to easily withdraw funds into fiat currencies, such as USD or Euro.
What is XMR?
XMR, also known as Monero, is a cryptocurrency focused on privacy on the blockchain. Launched in 2014, Monero is an open-source protocol that continues to gain popularity due to its ability to protect anonymity. XMR uses a ring signature to enhance security, allowing the origin of transactions and the amount of money being sent to remain encrypted. Monero uses a mining system governed by a proof of work consensus method. There is no fixed supply of XMR, and Monero software is programmed to continually produce the XMR coin. The ability to have untraceable ownership to exchange coins for goods and services makes XMR an attractive currency for many crypto investors.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created XMR?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade XMR
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange XMR using Rubix Swap
Acquiring XMR is easy using the swap tool built into the Rubix wallet. Instead of going to a XMR exchange and transferring, you can trade for XMR directly from your Rubix wallet. The Rubix Swap feature supports not just XMR trading, but most major cryptocurrencies which you can easily exchange. You can even swap XMR for fiat currencies, like the dollar and euro. Rubix Swap is a simple way to manage your cryptocurrency assets. Pay for products, send funds, and make bets with friends — all while knowing your funds are safe.