XMR to CAD Live Price Converter

Monero employs a proof-of-work (POW) algorithm that is both ASIC-resistant and CPU-friendly, created by members of the Monero community. ASICs, or Application-Specific Integrated Circuits, are specialized computers designed to perform a single task. These machines are particularly efficient for mining, hence creating new tokens, due to this specificity. However, these devices come with a high price tag, making them accessible only to a select few. This leads to a scenario where a small number of entities control a large portion of the network, which can be a significant security risk.

Monero addresses this issue through its ASIC-resistance: it utilizes an algorithm that significantly reduces the effectiveness of ASICs. This allows miners to compete fairly using standard consumer hardware. The Monero network is currently secured by thousands of miners using everyday PCs. This makes the network considerably difficult to compromise, and no single miner has a significant advantage over others (since they all use roughly the same hardware). Monero mining is designed to be compatible with desktop computers, mobile phones, tablets, and web browsers, thus enabling anyone to join the mining ecosystem without needing costly equipment.

At Bitsgap, your security is our top priority. We go to incredible lengths to protect your hard-earned crypto and personal information. Here is a brief rundown of the measures we take to protect you: military-grade 2048-bit encryption to keep your data locked up tight, encrypted API keys with no access to funds or personal info, API locks to prevent the same API key from being used on more than one account, countertrade protection, IP whitelisting, and fingerprinting. We stay on the cutting edge of cybersecurity to keep your experience safe and smooth. Constant monitoring allows us to refine our security protocols and stop threats before they become a problem. All in all, our state-of-the-art security, 24/7 human support, and commitment to excellence ensure you feel safe managing your crypto funds with us.

Once you sign up for Bitsgap, you’ll get an exclusive 7-day trial of our powerhouse PRO plan. See what trading on turbo feels like with 250 DCA bots, 25 GRID bots and every feature Bitsgap offers!

Not ready for the PRO plan yet? No problem. Bitsgap’s demo mode lets you learn the ropes at your own pace. Demo mode works for both spot trading and futures so you get a feel for how each market works. Moreover, it comes loaded with virtual funds so you can practice and master new strategies and tools. No real money required while you learn. Intrigued? Check it out for yourself.

Bitsgap’s affiliate program is your ticket to extra profit in crypto. It’s simple. Share your unique affiliate link and get paid 30% whenever someone signs up and becomes a paying Bitsgap customer. The more people you refer, the more you earn.

For starters, a 30% commission is one of the most generous affiliate commissions around, which blows away the typical 15-20% from other programs. The more referrals you attract, the more you make each month!

We also run monthly affiliate competitions where you can win bonus cash prizes. Every new referral increases the prize pool, and the top 25 affiliates share in the winnings. How’s that for extra motivation?

You don’t even need to trade yourself to earn with Bitsgap. As long as you have an audience and share your unique link, you can make bank as a Bitsgap affiliate. It’s the easiest way to earn crypto without risking your own money.