Time demands to determine the popularity of cryptocurrency. Payment instruments that provide secure payments on the Internet are highly valued in the age of widespread information technology. Today’s most popular digital coins are Bitcoin, Ethereum, Tether, USD Coin, Monero, Binance Coin, XRP Ripple, Cardano, etc. This article describes XRM and ETH in detail. It also lists places where they can be profitably exchanged online without limitations.
What Is XRM: Key Features and Benefits
Monero (XMR) is an open-source, decentralized cryptocurrency launched on April 18, 2014, as a fork of ByteCoin. It relies on protecting the confidentiality of counterparties and the complete anonymity of transactions. In 2015, the price of Monero was $0.49. In January 2018, the exchange rate reached its peak value of $484.
Key features and benefits of XMR include the following:
- Inexhaustibility of tokens. The number of coins in circulation is limited only by technical restrictions. It does not depend on external factors such as mining or emissions. This ensures the stability and reliability of the coin;
- High level of anonymity. Payments cannot be tracked. This is primarily due to the ring signature system;
- Decentralized data storage. Information about user transactions and balances is not stored in a centralized database. It is distributed throughout the network of nodes that exchange information with each other. This ensures the security and protection of data from hacking or theft.
The versatility of tokens, a high level of anonymity, and inexhaustible emission make Monero one of Bitcoin’s main competitors.
General Characteristics of ETH: Why Is It So Popular Today?
ETH is the second cryptocurrency in history, becoming the first alternative to Bitcoin. This is the internal currency of the Ethereum platform. This platform was designed to create and operate blockchain-based decentralized applications using smart contracts.
ETH is considered one of the most flexible cryptocurrencies today. Therefore, it is not surprising that many traders are looking for an XMR to ETH exchange online. Ethereum can be used as a payment instrument, a form of asset storage, and an investment asset. However, its main advantage is safety. Ethereum ensures transparency and reliability of transactions through blockchain technology and smart contracts.
Top 3 Places to Swap XRM to ETH Without Limitations
Where can I swap XRM to ETH without any restrictions? Many people dealing with digital currencies are interested in this question. Here are the top 3 online services that deserve your attention:
- LetsExchange.io. You can exchange USD to XMR, BTC to ETX, USDT to XRP, or any other coins on this website in seconds. According to reviews, it is rated as the best on the network. The service provides high-speed transactions, protects personal data, and has no limitations. The number of available coins is constantly growing. Currently, users can conduct transactions from about 4,000 crypto coins and 80+ fiat currencies;
- CoinEx. This international cryptocurrency service has been operating since 2017 and is part of the ViaBTC Group ecosystem. It offers a one-click exchange of digital assets without any restrictions. In addition to the traditional crypto exchange platform, there are a number of other interesting and useful projects. These include a multi-currency wallet, mining pool, investment platform, etc.;
- Uniswap. It is the largest decentralized crypto platform based on the Ethereum protocol. It provides a simple and accessible way to exchange ERC-20 tokens. The AMM system and liquidity pools provide instant exchange without waiting. There is no verification. Nobody except users can access the funds.
Each of the above services has its own distinctive features. You can choose the one you like the most. Many traders choose LetsExchange.io as it provides fast, convenient, and profitable exchange without any limitations.