Monero (XMR)
What it's for
The privacy cryptocurrency: amounts, sender and recipient are hidden by default.
Why it matters
It’s the exact opposite of Bitcoin here: transactions are private by design. It’s the best way to pay for a service without leaving a trail back to you.
For whom & when
Those who want maximum financial privacy. Note: Monero is already delisted from several European exchanges, so you often need a decentralised swap.
Install & use
- Install a wallet (the official one at getmonero.org, or Cake Wallet on mobile).
Get XMR through a decentralised exchange service (for example a “swap” from another crypto).
- Back up your recovery phrase on paper.