Monero Price Converter
Easily convert XMR to USD or other fiat/cryptocurrencies using real-time exchange rates. Monero's price fluctuates based on market demand, adoption trends, and broader crypto market movements.
Monero Information
Key Features
- Privacy-Focused: Uses ring signatures, confidential transactions, and stealth addresses.
- Decentralized: Secure Proof-of-Work (PoW) consensus mechanism.
- Untraceable Transactions: Enhanced anonymity compared to Bitcoin.
👉 Explore Monero’s latest price trends
Core Technology
Monero employs:
- Ring Signatures: Mixes transactions to obscure sender identity.
- RingCT: Hides transaction amounts.
- Stealth Addresses: Generates one-time addresses for receivers.
Monero Supported Platforms
XMR is available on major exchanges like:
- Binance
- Kraken
- OKX
- Huobi
About Monero
Monero (XMR) launched in April 2014 as a fork of Bytecoin, led by pseudonymous developer "thankful_for_today". It prioritizes privacy and fungibility, making it ideal for secure, anonymous transactions.
Use Cases
- Peer-to-Peer Payments: Fast, borderless transfers.
- E-Commerce: Accepted by privacy-focused merchants.
- Investment: Traded against BTC, ETH, and fiat pairs.
FAQs
What makes Monero different from Bitcoin?
Monero offers default privacy features (untraceable transactions), whereas Bitcoin transactions are pseudonymous and traceable.
Is Monero legal?
Yes, Monero is legal in most countries, though some exchanges delist it due to regulatory pressure.
How can I store Monero safely?
Use official wallets like Monero GUI Wallet or hardware wallets (Ledger, Trezor).
Why does Monero use Proof-of-Work?
PoW ensures network security and prevents double-spending without centralized control.
Can Monero be mined?
Yes, it’s mineable using CPUs/GPUs, favoring egalitarian distribution over ASIC dominance.
What’s Monero’s total supply?
Monero has a dynamic block reward with no hard cap, but inflation decreases over time.