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Privacy coins like Monero and Dash provide additional security features.
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Demand for these coins is expected to keep rising in the next few years.
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Dash, Monero, and Zcash are some of the best privacy coins to buy.
With cryptocurrencies falling, some investors believe that coins providing utility will prosper in the long-term. This is why privacy coins have performed well over the past weeks. For example, Dash price has rallied by 30% from its lowest level this month. Monero has also jumped by 17% in the same period. These are the top privacy cryptocurrencies you can buy.
Monero
Monero is the biggest and most widely used privacy coins in the world. Because transactions cannot be tracked, it is impossible to track them. It works by making sure that funds sent and received are anonymous by default. As we wrote in this article, it uses technologies like Stealth addresses, RingCT, and Ring Signatures.
The 4H chart shows the XMR price in a slow bullish pattern over the past few days. It was trading at $38.7 on Friday. It was trading at $135.7 on Friday, which was slightly below the important resistance level at $137.02.
The coin has moved slightly above the 25-day and 50-day moving averages and the ascending trendline shown in green. The Relative Strength Index has also moved above its neutral level.
Therefore, Monero price will likely rise if bulls manage to push it above the resistance at $137. If this happens, the next key resistance level to watch will be at $146, the highest point on November 22.
Monero chart by TradingView
How to buy Monero
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is known for its low trading fees and multiple trading options. These include margin trading, peer-to-peer, spot trading, and margin trading.
Buy XMR with Binance today
KuCoin
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.
Kucoin offers a variety of services such as a peer-to-peer, spot and margin trading and bank level security. There are also a number of payment methods that can be accepted.
The interface is user-friendly and the fees are relatively low.
Buy XMR with KuCoin today
Dash
Dash has made a strong recovery this month. At its peak, the coin was up by more than 42% from the lowest point this month. Dash, a privacy coin, is the easiest to use.
It’s a proof of work coin that uses Masternodes to enable solutions such as InstantSend, CoinJoin and ChainLocks. Each Dash Masternode is required to put at least 1,000 coins in their wallet. PrivateSend allows anonymous money transfers.
Dash crypto price surged this week as demand for the coin rose. As it rose, it moved above the resistance at $38.1. It remains above the 25-day and 50-day moving averages. However, the coin has been losing value recently. Therefore, if you want to buy Dash, you should wait until it retests the support at $38.1. After doing this, it could resume its bullish trend.
Dash chart by TradingView
How to buy Dash
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users have the ability to connect with, learn, copy, or get copied from other users.
Buy DASH with eToro today
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles–all in one place.
Buy DASH with Public today
Zcash
Zcash is another popular privacy coin. The complex technology allows users to choose their privacy level. In 2022, the developers introduced unified addresses that are generated from a set of multiple Zcash address types such as transparent, sapling, and orchard. Transactions will be moved to the most recent shielding pool by default.
The four-hour chart shows that Zcash prices have slightly recovered in recent hours. It rose to a high of $44. 22, which was its highest point on November 8. It has now retested the important support at $42, which was the highest level on November 14. The coin is likely to resume its bullish trend, as it has broken and retested the pattern.
Zcash chart by TradingView
How to buy Zcash
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users have the ability to connect with, learn, copy, or get copied from other users.
Buy ZEC with eToro today
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles–all in one place.
Buy ZEC with Public today
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