Monero (XMR) is a privacy-focused, open-source cryptocurrency launched in 2014, designed to provide strong anonymity and financial privacy for its users. Unlike transparent blockchains such as Bitcoin, where transaction details are publicly viewable, Monero obscures the sender, receiver, and transaction amount using advanced cryptographic techniques. It achieves this through ring signatures, which mix a user’s signature with others to hide the true sender; stealth addresses, which generate unique, one-time addresses for each transaction to prevent linking to a recipient’s public address; and ring confidential transactions (RingCT), which hide the transaction amounts while ensuring the network verifies the transaction’s validity without revealing the values. These features work together to make Monero a fungible currency where every unit is identical and untraceable, providing a level of privacy akin to physical cash. This robust privacy by default has made Monero a preferred choice for users valuing financial confidentiality, although it has also led to regulatory scrutiny and restrictions on some exchanges.

A lot of centralized exchanges (CEX) have barred Monero, under the pressure of govs.

But there are so called decentralized exchanges (DEX) which allow with no-KYC to trade/buy/sell Monero among it’s peers without hinderance – here is such DEX market.