Monero Payment Complete Guide
Master private cryptocurrency payments with Monero (XMR) on Nexus Market
Why Monero is the Best Choice
Monero (XMR) is the recommended cryptocurrency for Nexus Market due to its built-in privacy features. Unlike Bitcoin, Monero transactions are completely untraceable.
✅ Monero Privacy Features
Monero uses ring signatures, stealth addresses, and RingCT to hide sender, receiver, and transaction amounts. Every transaction is private by default - no mixing or coinjoin required.
Monero vs Bitcoin
🔒 Monero (XMR)
- Private by default
- Untraceable transactions
- Hidden amounts
- Fungible (all coins equal)
- No blockchain analysis
⚠️ Bitcoin (BTC)
- Public blockchain
- Traceable transactions
- Visible amounts
- Not fungible (tainted coins)
- Chain analysis companies
How to Get Monero
There are several ways to acquire Monero, each with different privacy trade-offs.
Acquisition Methods
✅ Method 1: Instant Exchanges (Recommended)
Use non-KYC instant exchanges to swap Bitcoin or other crypto for Monero:
- ChangeNow: No account needed, supports many coins
- FixedFloat: Fixed and floating rate swaps
- TradeOgre: Anonymous crypto exchange
- Bisq: Decentralized P2P exchange
⚡ Method 2: Direct Purchase
Buy Monero directly with fiat currency (less private):
- LocalMonero: P2P marketplace (cash, bank transfer, PayPal)
- Kraken: KYC exchange supporting XMR (withdraw immediately)
🔄 Method 3: Bitcoin to Monero Swap
If you already have Bitcoin:
- Go to ChangeNow or similar instant exchange
- Select BTC → XMR swap
- Enter your Monero wallet address
- Send Bitcoin to provided address
- Receive XMR in 10-30 minutes
Setting Up a Monero Wallet
🚨 CRITICAL: Use Your Own Wallet
NEVER send Monero directly from an exchange to Nexus Market. Always use an intermediate wallet you control. This prevents exchanges from tracking your market deposits.
Recommended Wallets
✅ Official Monero GUI Wallet (Best)
The official wallet from getmonero.org. Full node support, maximum privacy.
⚡ Feather Wallet (Lightweight)
Lightweight Monero wallet with Tor integration and coin control features.
📱 Cake Wallet (Mobile)
Mobile Monero wallet for iOS and Android. Built-in exchange features.
Installing Monero GUI Wallet
-
1
Download from:
getmonero.org/downloads - 2 Verify hash: Compare SHA256 hash with official website
- 3 Install and launch the Monero GUI wallet application
- 4 Create new wallet: Click "Create a new wallet" → Set strong password
- 5 Backup seed phrase: Write down your 25-word seed and store securely offline
Depositing Monero to Nexus Market
Follow these steps to safely deposit Monero into your Nexus Market account.
Deposit Process
-
1
Log into Nexus Market Complete PGP 2FA authentication
-
2
Navigate to Wallet Click "Wallet" in the top menu → Select "Monero (XMR)"
-
3
Copy Your Deposit Address Nexus will display a unique XMR address starting with "4..."
-
4
Open Your Monero Wallet Launch Monero GUI or Feather wallet
-
5
Send Monero Paste Nexus deposit address → Enter amount → Click "Send"
-
6
Wait for Confirmations Nexus requires 10 confirmations (~20 minutes)
⚠️ Important: Minimum Deposit
Check the minimum deposit amount on Nexus (usually 0.01 XMR). Deposits below this threshold may be lost.
Transaction Security Best Practices
✅ Always Use Intermediate Wallet
Never send XMR directly from an exchange to Nexus. Route through your personal wallet first to break the connection.
🔒 Verify Addresses Carefully
Always double-check the deposit address. Malware can swap addresses in your clipboard. Verify first/last 8 characters.
💾 Backup Your Wallet
Write down your 25-word seed phrase and store it offline. Without it, you lose access to your funds permanently.
⚠️ Don't Keep Large Balances on Market
Only deposit what you need for immediate purchases. Withdraw excess funds to your personal wallet after each transaction.
Withdrawing Monero from Nexus
Always withdraw unused funds to your personal wallet after completing purchases.
Withdrawal Steps
- 1 Go to Wallet → Monero → Withdraw
- 2 Enter your wallet address from Monero GUI/Feather
- 3 Enter amount to withdraw (leave some for network fees)
- 4 Confirm withdrawal and wait 10-30 minutes for processing
Network Fee Information
Monero network fees are typically 0.00001-0.0001 XMR. Nexus may charge a small withdrawal fee (0.0005-0.001 XMR). Check the withdrawal page for current rates.
Start Using Monero on Nexus
You now understand how to use Monero for private, untraceable transactions on Nexus Market.