Bytecoin (BCN) vs Monero (XMR) Comparison
On this page, you can compare Bytecoin (BCN) with Monero (XMR). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
| Company |
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User rating
| 2 user reviews | 3 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
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Bytecoin (BCN) is one of the first digital coins based on the CryptoNote software algorithm. The Bytecoin cryptocurrency is an independent project that is developing in isolation from bitcoin and altcoins based on this currency. You can check Bytecoin's market cap and volume on the widget of our partner. Also, you can see the latest BCN price on Cryptogeek.info. You can leave your feedback and reviews about Bytecoin cryptocurrency here.
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Monero is the most significant privacy-focused cryptocurrency on the market. It was created in 2014. The main feature of Monero is mixing of transactions in the blockchain. Third parties can't see amounts of money sent in transactions and addresses participating in operations, so all payments are untraceable. The developers are keeping it ASIC-resistant. It saves this network from centralization and gives an opportunity for GPU owners to earn something from mining Monero.
Despite its lack of serious marketing campaign Monero has gained a strong following on different forums and social media platforms. In 2016 the price of Monero began to grow. Nowadays this currency is one of the top 15 cryptocurrencies by its market cap.
|
Type
| coin | coin |
Founding Date
| 2016 | 2014 |
Country
| International | International |
Languages
| No data | No data |
Team
| Not Public | Not Public |
Protocol
| No data | Public blockchain |
Current price (USD)
| 0.0002 | 161.1067 |
All-time high (USD)
| 0.0301 | 495.8400 |
Price change (24h)
| -10.88 | -0.20 |
Volume (24h)
| 416.60762 | 20763488.26803 |
Hashrate
| No data | 1 |
Max Supply
| 99999999999.99999 | No data |
Total supply
| No data | No data |
Circulating Supply
| 99999999999.99999 | 71964.82506 |
Transaction speed / Block time
| 500 | 26 |
Transaction fee
| No data | No data |
Mining profitability
| No data | No data |
Algorithm
| No data | CryptoNight-V7 |
Proof type
| No data | PoW |
Fully premined
| No data | No data |
Smart contract address
| No data | No data |
Total coins mined
| No data | 17632039.18461 |
Is trading
| No data | yes |
Block reward
| No data | 1.554846810247 |
Block time
| No data | 120 |
| Company | ||
|---|---|---|
| User rating | 2 user reviews | 3 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
| About |
Bytecoin (BCN) is one of the first digital coins based on the CryptoNote software algorithm. The Bytecoin cryptocurrency is an independent project that is developing in isolation from bitcoin and altcoins based on this currency. You can check Bytecoin's market cap and volume on the widget of our partner. Also, you can see the latest BCN price on Cryptogeek.info. You can leave your feedback and reviews about Bytecoin cryptocurrency here.
|
Monero is the most significant privacy-focused cryptocurrency on the market. It was created in 2014. The main feature of Monero is mixing of transactions in the blockchain. Third parties can't see amounts of money sent in transactions and addresses participating in operations, so all payments are untraceable. The developers are keeping it ASIC-resistant. It saves this network from centralization and gives an opportunity for GPU owners to earn something from mining Monero.
Despite its lack of serious marketing campaign Monero has gained a strong following on different forums and social media platforms. In 2016 the price of Monero began to grow. Nowadays this currency is one of the top 15 cryptocurrencies by its market cap.
|
|---|---|---|
| Type | Type coin | Type coin |
| Founding Date | Founding Date 2016 | Founding Date 2014 |
| Country | Country International | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Not Public | Team Not Public |
| Protocol | Protocol No data | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 0.0002 | Current price (USD) 161.1067 |
| All-time high (USD) | All-time high (USD) 0.0301 | All-time high (USD) 495.8400 |
| Price change (24h) | Price change (24h) -10.88 | Price change (24h) -0.20 |
| Volume (24h) | Volume (24h) 416.60762 | Volume (24h) 20763488.26803 |
| Hashrate | Hashrate No data | Hashrate 1 |
| Max Supply | Max Supply 99999999999.99999 | Max Supply No data |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 99999999999.99999 | Circulating Supply 71964.82506 |
| Transaction speed / Block time | Transaction speed / Block time 500 | Transaction speed / Block time 26 |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability low | Mining profitability low |
| Algorithm | Algorithm No data | Algorithm CryptoNight-V7 |
| Proof type | Proof type No data | Proof type PoW |
| Fully premined | Fully premined No data | Fully premined No data |
| Smart contract address | Smart contract address No data | Smart contract address No data |
| Total coins mined | Total coins mined No data | Total coins mined 17632039.18461 |
| Is trading | Is trading No data | Is trading yes |
| Block reward | Block reward No data | Block reward 1.554846810247 |
| Block time | Block time No data | Block time 120 |
Social
Website
| bytecoin.org | ww.getmonero.org |
| @Bytecoin_BCN | Monero |
| Website | Website bytecoin.org | Website ww.getmonero.org |
|---|---|---|
| Twitter @Bytecoin_BCN | Twitter Monero |
Advantages
| - Ensuring the security of users' funds, storing them in the form of Bytecoins. Users' digital coins are protected by an advanced cryptographic encryption algorithm; - Protection of personal user information when performing financial transactions; - Possibility of crypto mining both on the processor and on a mid-level video card, which makes it possible for a larger number of users to plunge into the world of mining; - All transactions are carried out instantly and there is no commission; The coin has built-in protection against fraudulent activities, as well as against double-spent of funds and refunds at the end of transactions; - The use of Bytecoin's deflationary scheme. The final number of cryptocoins is limited by the creators. It is gradually becoming more and more difficult to mine bytes, which after a while should lead to a rise in the value of the currency. | Secure Untraceable Could grow rapidly with arms trading Private, untraceable and unfungible |
Disadvantages
| - Very low cost of the coin; - Lack of investments from large companies; - Not for the short term investment. | Can be used for shady things Not physically-backed Risk of regulation |
Rating
| User rating | User rating 2 user reviews | User rating 3 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages - Ensuring the security of users' funds, storing them in the form of Bytecoins. Users' digital coins are protected by an advanced cryptographic encryption algorithm; - Protection of personal user information when performing financial transactions; - Possibility of crypto mining both on the processor and on a mid-level video card, which makes it possible for a larger number of users to plunge into the world of mining; - All transactions are carried out instantly and there is no commission; The coin has built-in protection against fraudulent activities, as well as against double-spent of funds and refunds at the end of transactions; - The use of Bytecoin's deflationary scheme. The final number of cryptocoins is limited by the creators. It is gradually becoming more and more difficult to mine bytes, which after a while should lead to a rise in the value of the currency. | Advantages Secure Untraceable Could grow rapidly with arms trading Private, untraceable and unfungible |
| Disadvantages | Disadvantages - Very low cost of the coin; - Lack of investments from large companies; - Not for the short term investment. | Disadvantages Can be used for shady things Not physically-backed Risk of regulation |
Bytecoin (BCN) user rating is 4.5, based on 2 user reviews. Monero (XMR) user rating is 5, based on 3 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
At the moment Bytecoin (BCN) price is 0.2. Its 24h volume is 417.60762. 24h price change is -11.88.
Bytecoin (BCN) max supply is 100,000,000,000.0. The circulating supply is 100,000,000,000.0.
Bytecoin (BCN) transaction speed/block time is 500.
Mining profitability is low.
Bytecoin (BCN) Cryptogeek user rating is 4.5, based on 2 user reviews.
Monero (XMR) price is 161.1067. Its 24h volume is 20,763,488.26803. 24h price change is 0.2.
The circulating supply is 71,965.82506.
Monero (XMR) hash rate is 1. Monero (XMR) transaction speed/block time is 26. Block reward is 2.554846810247.
At the moment the number of coins mined is 17,632,039.18461. Mining profitability is low.
Monero (XMR) Cryptogeek user rating is 5, based on 3 user reviews.
When trading cryptocurrency, you should take into account the following rules:
Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.
An important lesson: do not believe the news, study the topic yourself.
Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Lesson: while tokens are stored on the exchange, do not consider them as yours.
On this page, you can compare Bytecoin (BCN) with Monero (XMR). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
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