X

Susan from Tucson

Signed up at ETH Casino 5 minutes ago.

» Try ETH Casino too
Do not show again

Monero (XMR) Review (9.17/10⭐)

Click to see screenshots
Monero (XMR) is one of the oldest and most established cryptocurrencies and is used for anonymous transactions. It works on the Monero blockchain, which is a public ledger with privacy-enhancing technologies. Its reputation for being untraceable has also made it the cryptocurrency of choice among those wishing to remain anonymous when making transactions.


Visitor Consensus on Monero Today
Positive: 53.13%Negative: 46.87%
What's your view on Monero today?
 
›› Buy/Sell Monero here

 

Monero (XMR) is used for private transactions. The coins are fungible and completely anonymous, meaning no one can trace these transactions back to you. Monero has become popular among developers and people who value privacy online. It was launched in 2014 with the goal to be completely anonymous, unlike Bitcoin. A key differentiator is fungibility, each coin is similar to another. This is different from Bitcoin as each BTC has a unique identifier. Monero transactions cannot be traced back to you as the blockchain is privacy-enhancing.

 

A Bit About Monero

The origins of Monero can be traced back to a 2013 white paper called CryptoNote. It pointed out the critical flaw in Bitcoin that makes it traceable. The ideas in this paper would be used to create a coin called BitMonero, which would be forked to form Monero. The founders of the coin, as well as the core development team, chose to remain anonymous. This makes it hard for the coin and blockchain to fall under government regulations. It is also worth noting that no one has submitted proof to show that they have successfully hacked the blockchain to date. This is in spite of the fact that the IRS and other organizations have offered generous bounties to anyone who can provide support on investigations of Monero.

Monero is a famous, private and decentralized cryptocurrency.CryptoLists.com
 

Monero uses stealth addresses to promote privacy. That means senders can create random one-time addresses for each transaction on behalf of the recipient of the funds. This way, transfers cannot be linked to the public wallet of the recipient. Monero also uses ring-signature technology to make transfers harder to trace. In this case, every transfer gets a ring signature with a group of crypto users, and these include the actual sender of the funds. Another technology used to guarantee anonymity is RingCT or Ring Confidential Transactions. This technology encrypts the transaction amounts so that the sender and recipient are the only ones who know how much was transferred.

 

Utility of Monero?

Monero is primarily used to buy and sell goods and services on the internet. Its anonymity has made it popular among cybercriminals as they are confident that they can never get caught. On the positive side, Monero also makes it difficult for governments and banks to deprive individuals of financial freedom for voicing unpopular opinions.This is because institutions can never access your transaction history. It's important to always store these coins in a secure crypto wallet since centralized exchanges have the ability to freeze your funds.

Monero Price details

 

Advantages of Monero

+ It is fully decentralized.
+ The coin has an active developer team with over 30 members.
+ You can use it for confidential transactions.
+ People can mine the token.
+ Monero is listed on many crypto exchanges.
 

Disadvantages

- It isn't great for beginners.
- Many popular wallets aren't compatible with this coin.
- Buying Monero can be risky. In the worst case, your bank account can be blacklisted.
- XMR uses the proof-of-work consensus mechanism.
- Its link to cybercrime hinders its growth.
 

Costs

▪ Rated at 10/10

The lowest transfer fee ever paid on this blockchain is 0.000006 XMR, which was equivalent to $0.001. The median fee recorded so far is around 0.000006 XMR, which at the time was equal to $0.0010. To date, the highest fee has been 0.005816 XMR or $0.9682. In comparison, the highest Bitcoin transfer fee has been around $144, and the lowest recorded was around $1. Monero has an adaptive block size, meaning you will usually not need to increase the transfer fees to raise the priority of your transaction.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 9/10

Monero has been around since 2014 and is used in various communities on the internet. It currently has a large developer community, and this is made up of anonymous individuals. One thing that has hurt the reputation of the coin is its association with cybercriminals and a perceived over-focus on anonymity. Some reputable crypto institutions and businesses distanced themselves Monero because of this reputation. Most users of XMR hold discussions on Twitter. The community on this social media platform has grown to more than 481,000 followers.

 

FAQ

Which company is behind XMR?

This is a private cryptocurrency that doesn’t even have named founders. The developers are also anonymous. Since there is no company behind it, it is very difficult for the government to regulate or control it.

Is Monero 100% anonymous?

As a private coin, XMR is meant to be completely anonymous. It uses a set of technologies to hide the identities of the senders and recipients of the funds. Monero also hides the transfer amounts. However, even with these measures, no payment option can claim to be 100% anonymous. It is just extremely difficult to track.

Which are the best crypto wallets for Monero?

When choosing a crypto wallet for a private coin, you will usually have to make compromises between privacy and convenience. Some of the wallets you should consider using are Monero GUI, MyMonero, Cake Wallet, Ledger Nano S, and Monerujo.

How can I acquire Monero coins?

Since Monero blockchain uses the proof of work consensus mechanism, you can mine this token. You can also purchase it on exchanges like Coinbase, KUCoin, Binance, WazirX, and Kraken.

Can Monero blockchain be hacked?

Monero uses the proof of work consensus mechanism, and this technology has proven to be extremely secure. So far, it has never been hacked.

 

History of Monero

History of Monero

Summer 2012 - Its predecessor Bytecoin was launched as a private coin and alternative to Bitcoin.

April 2014 - The Monero blockchain was launched as a fork of the Bytecoin cryptocurrency.

November 2019 - Monero was hard forked to implement RandomX, an algorithm that removed ASIC support permanently, replacing it with CPU support.

September 2020 - The United States Internal Revenue Service's criminal investigation division (IRS-CI) posted a $625,000 bounty for contractors who could develop tools to help trace Monero and other privacy-enhanced cryptocurrencies like the Bitcoin Lightning Network.

›› Trade Monero here›› Buy/Sell Monero here

Screenshots from Monero

Click for larger image
 

More sites where to buy/sell/trade Monero

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin. Click on the logo to read our review.
XMR/USDT, XMR
XMR/USDT, XMR/ETH, XMR/BTC
XMR/USD CFDs
XMR/BNB, XMR/BTC, XMR/BUSD, XMR/ETH, XMR/USDT
XMR/EUR, XMR/USD
XMR/BTC, XMR/ETH, XMR/USDC
XMR/BTC, XMR/ETH, XMR/USDT
XMR/USDT, XMR/BTC
XMR/USD, XMR/AUD, XMR/AED, XMR/CAD, XMR/CHF, XMR/EUR, XMR/GBP, XMR/JPY
XMR/BTC, XMR/ETH, XMR/USDC, XMR/USDT
XMR/USDT, XMR/BTC, XMR/USDT
XMR/USDT, XMR/BTC, XMR/ETH
XMR/USDT
 

Monero details and tokenomics

Monero Ticker: XMR
Contract address: n/a
Type of crypto: native-coin
Circulating supply: 18,189,279
Resources & Social media
 

Other tokens or coins to check out

Since you are interested in Monero, you may also want to check out the coin(s) or token(s) below?

X
Monero Newsflash
    Bet with Monero and more on the incredible Spin BetterBet with Monero and more on the incredible Spin Better
    Wednesday, 3 Apr 2024 8:30 am
    Have you been searching long and hard down the longest paths for a really good crypto casino that also doubles up as a world-leading sports betting site? Well let us inform you that your search may well be over! Say hello to a 2023 casino called Spin Better (read review). Although it's not the newest, it's certainly among the coolest we've come across this year. Not only is there a 1500 USDT welcome bonus plus free spins, you can also use coins like Monero and Chainlink alongside the more famous Bitcoins of the world. What's not to love? Sign up today and try a truly remarkable sports betting casino...
    Read the full newsflash


    True anonymous play on Bet Panda IO with Monero too!True anonymous play on Bet Panda IO with Monero too!
    Wednesday, 18 Oct 2023 11:45 am
    Begin some midweek fun in privacy with not only a top anonymous casino site but also one that comes prepared. Say hello to Bet Panda IO  (read more). What do we mean? Well, we're talking about a BTC casino that lets you play with the best privacy coin: Monero (XMR). Now that's really going above and beyond for players looking to gamble behind the watchful eyes of the world. Get a 100% match up to 1 BTC as a welcome bonus too, plus you can deposit and play with slightly more niche coins like SHIB and SAND. Not bad! Sign up now and see where this big fat Panda...
    Read the full newsflash


    Go private with Monero on Betplay's top anonymous casino!Go private with Monero on Betplay's top anonymous casino!
    Wednesday, 30 Aug 2023 8:25 am
    If you're on the hunt for a site that helps you to play even more anonymously then you're in for a treat. Did we tell you about the one and only Betplay IO (review)? It's a top Bitcoin casino site that supports Lightning Network transactions making it super smooth and quick. But if anonymous play is really what you're looking for then you can also deposit and play with Monero (XMR). This privacy-focused coin is a must-have for these kinds of casinos since it helps players to fly under the radar. It works on the Monero blockchain, which is a public ledger with privacy-enhancing technologies Play on Betplay IO now and enjoy private gambling...
    Read the full newsflash


    Monero (XMR) tops the 24hr gains list of privacy coinsMonero (XMR) tops the 24hr gains list of privacy coins
    Thursday, 29 Dec 2022 11:38 am
    Privacy coins are growing in popularity, so too are the networks behind them - as centralized control over finance and communication increases. The Monero blockchain and it's native XMR coin lead the way in the past day...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top