Monero (XMR) Price

$356.44

Monero (XMR) Price Today

The live price of Monero is $356.44 USD. In the past 24 hours, the trading volume of Monero was $113.1M USD, with a change of +6.63%. The current live price of Monero has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $18,446,744.07 XMR, the market cap of Monero is currently $6.5B USD, marking a +86.70% change in the last 24 hours. Monero currently ranks 22 by market capitalization.

Monero (XMR) Market Data

Market Cap

$6.5B

24h Volume

$113.1M

Circulating Supply

18.4M XMR

Maximum Supply

Fully Diluted Market Cap

$6.5B

Liquidity Indicator

1.72%

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About Monero (XMR)

What Is Monero (XMR) and How Does It Work?

Monero (XMR) is a decentralized, open-source cryptocurrency launched on April 18, 2014, based on the CryptoNote v2.0 protocol developed by the pseudonymous “Nicolas van Saberhagen."

Unlike transparent ledgers such as Bitcoin’s, Monero obfuscates sender, recipient, and amount in every transaction by default. It does this through three core privacy technologies:

1. Stealth Addresses generate a unique one-time address for each transaction, preventing linkage to your public wallet.

2. Ring Signatures mix your output with a group of others, making it cryptographically infeasible to pinpoint which party in the ring signed the transaction.

3. RingCT (Ring Confidential Transactions) hides the actual amount being transferred, ensuring all values remain confidential.

Together, these features render Monero transactions untraceable, unlinkable, and fully fungible, making XMR the leading cryptocurrency for privacy and censorship resistance.

When Was Monero Launched and Who Founded It?

Monero launched on April 18, 2014, when the CryptoNote reference implementation was fairly launched, under the name Bitmonero. by the pseudonymous BitcoinTalk user “thankful_for_today.” Days later, it was renamed Monero, with no premine or instamine and no portion of block rewards reserved for developers. Early stewardship fell to a volunteer core team, most publicly represented by Riccardo “fluffypony” Spagni and David Latapie alongside a group of anonymous contributors, embracing a fully community-driven, cypherpunk ethos.

Since inception, Monero has followed a living roadmap of roughly biannual network upgrades: from stealth addresses and ring signatures in its 2014-17 launches, to Bulletproofs in 2018; RandomX in 2019; Dandelion++ and CLSAG in 2020; atomic swaps in 2021; and ongoing improvements through 2023. Looking ahead, the project proposes enhancements such as OSPEAD, Bulletproofs++, a Rust-based monerod client, Full-Chain Membership Proofs, and the Seraphis/Jamtis protocol stack, each aimed at strengthening privacy, performance, and scalability.

What Are the Key Use Cases of XMR Coin?

Monero (XMR) is a leading privacy-centric cryptocurrency designed to enable secure, untraceable value transfers.

1. Private Peer-to-Peer Payments: XMR lets you send and receive funds without revealing sender, recipient, or amount, making it ideal for transactions where confidentiality is paramount.

2. Fungible Digital Cash: Because every XMR coin is identical and indistinguishable on the blockchain, it preserves true fungibility; no coin gets “tainted” by its history.

3. Censorship Resistance: Monero’s default privacy features prevent third parties (exchanges, governments, or adversaries) from blocking or blacklisting transactions or addresses.

4. Cross-Border Remittances: Low-fee, untraceable transfers make XMR a powerful tool for sending money internationally without exposing sensitive personal or financial data.

You can also trade XMR on BingX’s spot market by depositing USDT (or another supported asset) into your account, navigating to the “Spot Trading” page, selecting the XMR/USDT pair, choosing a Market or Limit order, and confirming your purchase.

What Is Monero (XMR) Tokenomics?

Monero’s economic model is designed for sustainable, long-term network security and true fungibility, with a smooth emission curve and perpetual “tail emission” that avoids abrupt supply caps.

1. Consensus & Block Rewards: Monero uses a RandomX proof-of-work algorithm with an average block time of 2 minutes. Block rewards originally followed a decaying schedule, gradually decreasing per block as supply approached ~18.132 million XMR by May 2022, before transitioning to a fixed “tail emission” of 0.6 XMR per block to maintain miner incentives.

2. Supply Dynamics: There is no hard cap on total supply. After main emission ended, Monero issues 0.6 XMR every 2 minutes (<1% annual inflation), meaning supply grows predictably and modestly over time. As of early April 2025, over 18.44 million XMR are in circulation.

3. Inflation Rate: Tail emission corresponds to roughly 432 XMR per day (0.6 XMR × 720 blocks), equating to an annual inflation rate of about 0.9% based on current supply, designed to offset lost coins and ensure continuous network security.

4. Divisibility & Fungibility: XMR is divisible to 12 decimal places; the smallest unit is 1 piconero (0.000000000001 XMR). Because every coin is identical and untraceable, Monero maintains perfect fungibility; no coin can be blacklisted or “tainted” by its history.

5. No Premine & Community-Driven: Monero launched without any premine or instamine, distributing all coins via mining rewards. Development and upgrades are governed by a decentralized, volunteer core team and community contributors, with roughly biannual network upgrades ensuring continuous protocol improvements.

This tokenomics framework balances scarcity and security, making XMR a robust privacy coin that can sustain long-term miner participation without sudden supply shocks.

How to Mine XMR Coins on Monero Network

You can mine XMR using your CPU (or GPU, though RandomX favors CPUs) either solo or via a mining pool. Here’s how:

1. Install and Sync a Monero Wallet: Download the official GUI or CLI wallet from the official Monero website, install it, and let it fully sync the blockchain. Note your wallet’s primary address; you’ll need it to receive mining rewards.

2. Choose Solo vs. Pool Mining

i. Solo Mining: You run a local monerod node and submit found blocks directly to the network - higher variance, all-or-nothing rewards.

ii. Pool Mining: You join a group (e.g., supportXMR, MineXMR) to share hashrate and earn steady payouts proportional to your contribution.

3. Download Mining Software: For CPUs, XMRig is the most popular. For GPUs, you can also use XMR-STAK. Grab the latest release from their official GitHub and unpack it.

4. Configure Your Miner

i. Pool Mining: Edit the config.json (or start script) to include your chosen pool’s URL, port, and your wallet address as the username.

ii. Solo Mining: Point your miner at your local node (e.g., 127.0.0.1:18081) and use your address.

Adjust thread count to match your CPU cores for optimal performance.

5. Optimize for RandomX: Enable “Huge Pages” and “NUMA” support in your OS to boost RandomX efficiency. On Linux, you may need to grant SYS_RESOURCE permissions or set vm.nr_hugepages in /etc/sysctl.conf.

6. Start Mining and Monitor: Launch the miner; you’ll see hashes/sec, accepted shares, and (for pools) estimated daily payouts. Use the pool’s web dashboard or htop/top on your machine to monitor CPU usage and temperature.

7. Withdraw and Trade on BingX: Once you accumulate XMR in your wallet (solo) or pool account, send it to your BingX XMR deposit address. Navigate to BingX’s Spot Trading → XMR/USDT pair to trade your mined XMR for USDT or other assets.

Mining Monero with RandomX ensures fair, decentralized participation using everyday hardware. Simply follow these steps to get started.

How to Create and Use a Monero Wallet

To create a Monero wallet, download the official Monero GUI (graphical) or CLI (command-line) client from Monero's official website, install it, and launch it for the first time. During setup you’ll be prompted to create a new wallet; choose a name, set a strong password, and securely back up the 25-word mnemonic seed (this is your only recovery key). The wallet will then sync with the Monero blockchain (which can take several hours); once fully synced, you’ll see your primary XMR address ready to receive funds.

To use your wallet, copy your primary address and share it with senders or mining pools to receive XMR; to send funds, enter the recipient’s address, specify an amount, and choose your desired privacy level (via default ring size) before confirming. You can also store and manage XMR on BingX by navigating to “Assets → Deposit,” selecting Monero, and pasting your wallet’s primary address. Once deposited, trade XMR on the XMR/USDT spot pair directly from your BingX account.

Is Monero Truly Anonymous and Private?

Monero’s protocol enforces privacy by default; every transaction leverages stealth addresses, ring signatures, RingCT, and Dandelion++ to obfuscate sender, recipient, amount, and IP metadata, rendering outputs untraceable and unlinkable. While no system is impervious, academic studies have exposed timing-analysis and decoy-selection weaknesses in pre-2017 transactions, and resourceful adversaries could mount sophisticated attacks, Monero remains the most resilient privacy coin, continuously rolling out protocol upgrades to shore up any gaps and uphold near-total financial anonymity.

What Are the Storage Requirements for Running a Monero Node?

As of May 2025, running a full Monero node requires roughly 220 GB of SSD storage to hold the entire blockchain, while a pruned node, where historical data is discarded after validation, needs about 95 GB. For best performance, you should pair this with at least 4 GB of RAM, a multicore CPU, and a reliable internet connection to handle initial syncs and Dandelion++ relays.

Is Monero (XMR) a Good Investment?

Monero’s strong value proposition as the leading privacy coin has underpinned steady market interest: on April 16, 2025, XMR scored 40.4 on the CCN Index, indicating a stable upswing amid broader market headwinds, and saw a 40% price surge by April 28, driven by heightened demand following large on-chain flows into privacy coins. Its built-in privacy features, true fungibility, and growing ecosystem of wallets and services make Monero a unique hedge for users prioritizing confidentiality and censorship resistance.

However, Monero carries notable risks. Regulatory scrutiny is intensifying; several EU jurisdictions plan to ban privacy coins like XMR by 2027, potentially limiting exchange listings and institutional access. Additionally, XMR remains more volatile and less liquid than top-layer coins, meaning large trades or network events can trigger sharp price swings. Prospective investors should weigh Monero’s privacy benefits against evolving regulatory landscapes and inherent crypto market volatility.

Information source

Official Website

Whitepaper

Monero (XMR) Price Converter

XMR to USD

1 XMR = $ 356.63

XMR to VND

1 XMR = ₫ 9,292,166.21

XMR to EUR

1 XMR = € 312.27

XMR to TWD

1 XMR = NT$ 10,690.19

XMR to IDR

1 XMR = Rp 5,816,056.19

XMR to PLN

1 XMR = zł 1,329.60

XMR to UZS

1 XMR = so'm 4,549,532.78

XMR to JPY

1 XMR = ￥ 51,024.95

XMR to RUB

1 XMR = ₽ 28,154.72

XMR to TRY

1 XMR = ₺ 13,974.46

XMR to THB

1 XMR = ฿ 11,614.65

XMR to UAH

1 XMR = ₴ 14,826.79

XMR to SAR

1 XMR = ر.س 1,337.72

Monero Price Converter

How to Buy Monero (XMR)

Create & Verify Your Account

Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.

Fund Your Account

Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.

Trade Now

Now that your account is funded, you can seamlessly trade Monero XMR and other cryptocurrencies while exploring BingX’s diverse trading features!

How to Buy XMR Guide

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Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.