Monero 

XMR Price

What is the Monero cryptocurrency?

Monero (XMR) is a decentralized privacy cryptocurrency that runs on its own proof-of-work blockchain. Monero launched on April 18, 2014 as a fair, pre-announced launch of the CryptoNote reference code — no premine, no instamine and no ICO. Every transaction hides the sender, receiver and amount by default, which makes XMR fungible and untraceable on the public record. Development is sustained by community donations; no portion of the block reward goes to a development fund.

Is Monero traceable?

Monero obscures transaction details by default rather than exposing them on a public ledger. Three mechanisms do the work: ring signatures mix the real sender among decoy signers, stealth addresses generate a one-time address for each payment, and RingCT hides the transferred amount. Because obscured units are indistinguishable from one another, XMR is fungible — no individual coin carries a visible spending history.

Can Monero be mined with RandomX?

Yes — Monero uses proof-of-work, and a regular computer CPU can mine XMR. The network has run the RandomX algorithm since November 2019, an ASIC-resistant design optimized for consumer-grade processors. All XMR in existence entered circulation through mining: there was no premine and no insider allocation.

Does Monero have a max supply?

No. Monero has no supply cap — a deliberate contrast with Bitcoin's 21 million limit. Since block 2,641,623 on June 9, 2022, the block reward has been fixed at 0.6 XMR per roughly two-minute block, about 157,700 XMR per year. At that rate more than a century of tail emission would be required to double the existing supply, so effective inflation is low and declining.

Is XMR a coin or a token?

Monero is a coin — the native asset of its own blockchain, not a token issued on another network. XMR pays transaction fees and miner rewards on the Monero chain. A wrapped XMR representation exists as a separate token contract on the Energi network; that instrument is a bridged proxy, not the native coin.

Why was Monero delisted from exchanges?

Regulatory pressure on privacy coins drove the major delistings. Kraken removed XMR for UK customers in November 2021. OKX delisted XMR on January 5, 2024, Binance ended global spot support on February 20, 2024, and Kraken dropped XMR for EEA clients on October 31, 2024. Privacy-by-default design keeps Monero under sustained AML/KYC scrutiny, including under the EU's MiCA framework.

Where can you trade Monero now?

Per DropsTab data, XMR trades on 10+ centralized spot venues — Kraken offers the widest pair coverage (XMR/USD, XMR/EUR, XMR/BTC, XMR/USDT, XMR/USDC), alongside KuCoin, HTX, WhiteBIT, MEXC, WazirX and HitBTC. No DEX pairs are tracked. Perpetual futures remain broadly listed on Binance Futures, Bybit, Hyperliquid and KuCoin Futures, so derivatives availability now outpaces spot.

How do you convert XMR to USD?

Sell XMR directly against fiat on a venue with a native USD or EUR pair — Kraken lists XMR/USD and XMR/EUR spot. On venues without fiat pairs, such as KuCoin, MEXC or WhiteBIT, the route runs through XMR/USDT or XMR/USDC into a stablecoin first. Converter tools display the live market rate, which changes continuously.