Requires funds to start; mining Monero demands hardware and electricity.
Gains can be significant, but returns depend on market price movements.
Holding XMR can generate profits over time, but no direct yield options.
Strong demand for privacy coins, but regulatory scrutiny affects adoption.
Competes with other privacy coins but remains the most popular.
Profit depends on price appreciation, which takes time.
Monero has a solid user base, but privacy regulations pose risks.
Crypto market risks and potential exchange delistings add uncertainty.
Open to anyone, but requires research on secure storage and regulations.
Monero developers continuously improve the network, but regulations can impact availability.
Available worldwide, though some exchanges restrict it due to regulations.
No advanced skills needed, but understanding privacy wallets helps.
Fast transactions, but exchange options can be limited.
Profits rely on price appreciation, which is unpredictable.