# Monero payments

> Monero (XMR) is the cryptocurrency designed so that amounts, senders and recipients are hidden on chain; paying with it keeps the payment itself private, which matters to senders who chose a no-KYC gateway for privacy.

Bitcoin payments are public: anyone can follow an address. Monero uses ring signatures, stealth addresses and confidential amounts so that a transaction reveals nothing to an observer. For someone who chose a provider precisely because it does not collect identity, paying in a coin that does not publish a ledger of their spending is consistent.

Blocks take about two minutes and a deposit is typically credited within twenty; fees are low. Some exchanges restrict Monero withdrawals, so holding some in a personal wallet is the usual arrangement.

At SMSMeteor: Monero is accepted like any other coin, credited after confirmation and converted to the USD balance; details on the [Monero page](https://smsmeteor.com/pay-with/monero).

Related terms: [No-KYC (SMS gateway)](https://smsmeteor.com/glossary/no-kyc), [Network confirmation](https://smsmeteor.com/glossary/network-confirmation), [Prepaid balance](https://smsmeteor.com/glossary/prepaid-balance)

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Source: https://smsmeteor.com/glossary/monero-payment (HTML). Generated by SMSMeteor from the same data as the page. Summary of the whole site: https://smsmeteor.com/llms.txt