To this day, Bitcoin is the most successful cryptocurrency ever. However, this does not mean that we should ignore the seemingly promising alternative cryptocurrencies. Perhaps just investing $ 100 in emerging cryptocurrencies could completely change an investor’s future financial position.
This guide is not about investing in cryptocurrencies as a whole, but rather about an alternative cryptocurrency called Monero, known as XMR. Below we present the simplest way to create a Mymonero anonymous online wallet and how it works:
This currency was created in 2014 and it is an open-source digital currency that may be symbolized by the symbol XMR, and with regard to privacy, it is considered one of the best digital currencies, as well as some other currencies such as Bitcoin, Ethereum and many other currencies that display some information on financial transactions. As the address reserved the sender, transaction size, and recipient.
In recent months, the Monero has increased in value by over 390%. And this is not a number that can be easily ignored.
The currency works with a complete encryption system for all information, and it is one of the currencies that work to provide privacy and decentralization, and anyone can perform a transaction by using it without tracking this currency or knowing the future or the value of the currency of the sender.
Best Monero wallet
There are many tools that can be used to save and store currency on the computer, phone, or the web, and we will offer the best wallet that can be used:
It is the best wallet that you can rely on if you want to use an online wallet in order to store the currency; This is because it is considered the only wallet that is used to save currency on the web, and this wallet is owned by Riccardo Spagni, one of the founders of the currency, in addition to it working to provide the best protection for the wallet and allow access to your balance at any time and anywhere from the currency.
How Mymonero online wallet works?
Go to mymonero.com Click on (Download Windows or Github )
Or you can quick access wallet online by going to mymonero.app
As the first time click on ( Create new wallet)
Then click on ( Got It) and (Next)
On the next page, you will see your private key for logging in. This key is the only way you can use to access your MyMonero online wallet. Make sure to write it down on a piece of paper and keep it in a safe place. Then rewrite it in the next field.
Click on the Sign In button to be taken to the newly created Monero Wallet.
All the rest of the operations are simple and smooth. You can use your Monero wallet address to receive or send money if you have it. You can at any time click on transactions to see your past or current transactions.
Once done, you’ll be able to merely shut the gate. after you wish to log into the Monero online wallet once more, head to mymonero.app or to go to the app and log in exploitation the 13 words (private key).
Monero coin features:
■ The Monero coin is minable and compatible with all operating systems.
■ The currency is characterized by the lack of a specific block size and the size may increase or decrease depending on the demand.
■ It is characterized as one of the strongest digital currencies and the best in terms of privacy and encryption.
■ The currency is characterized by the inability to recognize any transaction information that occurs through the use of this currency.
■ It is characterized as one of the most common types of electronic currencies that have traded capital.
■ Currency is one of the best digital currencies used for long-term investment.
■ It has the advantage that it will later use the kovri project, which provides an encryption network such as the Tor network.
■ You can buy Monero through the most popular cryptocurrency exchange on the web.
This currency relies on three basic techniques for obscuring the record of transactions that can take place on the currency, and this currency is distinguished from other currencies that rely on blockchain technology in its work and it is one of the currencies that is unique to this technology.