Privacy coins are a secure way to hold your assets but exchanging them can compromise your privacy and charge you with high exchange fees. In this article, we will tell you how to exchange Monero to PayPal with total anonymity and lowest fees. The HiExchange platform allows the users to exchange cryptocurrencies with no KYC or Sign up required. In that regard, you can rest assured that all transactions are private and secure. Monero (XMR) is a cryptocurrency that not only protects privacy, but will also provide great returns as an investable asset. Stay with us as we go over how to exchange Monero to PayPal USD on HiExchange.
Get started! Head over to HiExchange to start the process.
What is Monero (XMR)?
Monero is a privacy-oriented cryptocurrency that started out in 2014. It was essentially a form of Bytecoin which is when a blockchain is split in two to create a new version. Basically, forks allow the creators to have a new beginning to make radical changes to the previous network.
Monero (XMR) maintains strong emphasis on anonymization and privacy which is crucial for cryptocurrencies. They have managed to successfully provide anonymity for users utilizing numerous features. However, the most important privacy feature is the one-time address.
All transactions on the Bitcoin network are recorded an available to the public. This information is cryptographic and secure. However, there are still countless ways to acquire private information once you find out someone’s public address. For instance, if you as a sender gain another person’s address, you can see how many Bitcoins they have in their account. Furthermore, although the cryptography of Bitcoin network has not been compromised, there are still methods to trace transactions.
Where Monero shines is that they don’t provide the sender private information from the recipient. And thanks to the one-time address feature, the sender would not be able to find the public address of the recipient. To make this happen, a random address is generated to act as a middleman and the coins are then rerouted to the original address. Monero transactions are unlinkable and untraceable.
XMR as the native coin of the network is ranked 43rd by market cap as of January 2022. Considering the demand for privacy, Monero (XMR) is doing all the right things. any analysts believe XMR to be a solid investment since the demand for privacy will only go up!
Why Exchange Monero to PayPal?
PayPal is an online trade company that, through online transfers, facilitates payments between parties. Its system allows clients to set up an account on its platform that is linked to the user’s credit card or checking account. Upon confirmation of identification and proof of funds, through the website or application of the company, users can begin sending or receiving payments online to and from other PayPal accounts.
As mentioned above, in order to transfer money to others using the receiver’s email address or mobile phone number, PayPal account holders can use the website or mobile application of the company. Within only a matter of minutes, transactions go through and the company promises that transfers are immediately available for payment or withdrawal to a bank account.
The ease of use and the wide acceptance makes the exchange cryptocurrencies to PayPal one of the best options when you need some cash to spend online.
All that said, you also have the ability to exchange Monero to Perfect Money USD, Payeer USD or Webmoney USD.
HiExchange for the Win!
HiExchange is an online exchange that offers everything you need from a platform.
Truthfully, it is a rare combination for an online exchange to offer anonymity, lowest exchange rates and unparalleled reliability altogether.
We respect our customer’s privacy by not asking for their personal information. The best way for anyone to protect their information is to not disclose them at all. In that regard, not having KYC or sign up is the best method.
Furthermore, the platform utilizes an automated system to determine the best exchange rates at all times. Our words sound too good? Just pay a visit to ranking websites such as BestChange and OkChanger and see for yourself.
Lastly, according to Murphy’s law “anything that can go wrong will go wrong”. To stay ahead of any problems, we offer 24/7 customer support.
How to Exchange Monero to PayPal?
- Enter the Homepage on HiExchange. Select Monero (XMR) on the left field and PayPal on the right one. Enter the exchange amount and wait for the rates to apply.
- Click on Exchange and you will be forwarded to the next step where you will need to enter your PayPal account details, Monero wallet address, email, and phone number (optional).
- Click on “Exchange” one more time as you go to the next page to review your order.
- At this point, you will obtain your Tracking ID, an address and an explorer URL.
- On this step, please dedicate some time to review our terms and conditions and the instructions.
- Transfer your Monero to the HiExchange wallet address that is provided for you.
- Finally, click on the “I’ve paid” button.
You’re All Set!
Having completed the steps above, our team will process your order and send the assets to your PayPal address. The process might take some time due to PayPal payment system. In the meantime, you can spend some time reading the latest crypto news on HiExchange Blog. If you have any questions or problems, our support team is online 24/7. Keep in mind that you can also earn money online working with HiExchange platform.
