Buying Monero in Saudi Arabia is a simple process, and you should be able to buy Monero within 15 minutes or so.

Saudi Arabia has 6 exchanges where you can buy Monero.

The best Monero exchanges in Saudi Arabia for beginners are Binance and Gate.io. An easy-to-use interface and an intuitive sign-up and buying process make all the difference when you are new to crypto.

For experienced traders in Saudi Arabia, we recommend Binance and Gate.io. Having access to many trading features and paying low fees are a must when you trade often.

Ultimately, if you just want to buy Monero, you can't go wrong with any of the exchanges above.

Most Popular for Beginners

Gemini
Moderate fees
102 assets
Easy to use
Fiat-crypto trading

Gemini – Highly regulated, easy to use, limited offering

Most Popular for Experienced traders

Binance
Low fees
393 Assets
Fiat-crypto trading

Binance is arguably the most well-known cryptocurrency exchange on the market, and it’s the one we subconsciously compare to most when we review other exchanges at MadCrypto.

More Options

Gate.io
Low fees
1438 assets
Advanced features

Gate.io is an advanced cryptocurrency exchange that offers a comprehensive list of trading features and has its own wallet service.

Kraken
Low fees
195 assets
Easy to use
Fiat-crypto trading

Kraken is an easy-to-navigate platform for both beginner and experienced crypto traders.

Kucoin
Low fees
722 assets
Advanced features
Crypto-crypto trading only

KuCoin is an advanced platform with competitive trading fees and excellent trading features.

Huobi
Low fees
597 assets
advanced features
Fiat-crypto trading

Huobi Global – The Crypto Phoenix Rising From Asia

How to Buy Monero in Saudi Arabia

Step 1: Register and complete KYC (know your client) verification

Most sign-up processes are relatively straightforward, but you will have to go through the Know Your Customer (KYC) process. Today, almost every exchange in Saudi Arabia requires its user to verify their identity. The KYC process for users in Saudi Arabia includes sending a copy of your passport or identity card, as well as a video of yourself, though the exact process varies according to the exchange you've chosen.

Step 2: Fund your account

Once you’ve completed the KYC process, you will have to fund your account. Every exchange is different - some support local fiat payment methods, while others only allow users to deposit cryptocurrency. Beginner-friendly exchanges do their best to have convenient payment methods.

Step 3: Buy Monero

Once you have a verified account with some funds, you're fully set up. Simply navigate the platform of your choice, find Monero, and buy it! As you can see, buying Monero in Saudi Arabia is relatively easy and can be done quickly and efficiently.

What to do after you’ve bought Monero?

Once you’ve bought Monero, if you want to make the most out of it, you still have a couple of decisions to make.

How to safely store your Monero

Keeping your crypto safe is arguably the most important step of them all. Here you have a few options depending on what you intend to do with the Monero you’ve bought. If you intend to HODL your Monero for a long time, you should consider getting a hardware wallet that isn’t connected to the internet for safekeeping. If trading is what’s on your mind, then storing your Monero on the exchange you’re trading is the easiest way to go. The danger of keeping funds on an exchange is that you or the exchange might get hacked; luckily exchanges like Coinbase and Bitvavo are starting to insure customer accounts against hacks, which somewhat mitigates the risk.

How to stake your Monero

Staking is a way to earn interest on your Monero, which can really help grow your crypto holdings over time. If you have chosen an exchange that allows Monero staking, you can activate staking from the exchange. Often, staking will include locking your Monero for a certain amount of time, which is risky since the value of your Monero can drop while it is locked.