About Monero (XMR)
Market Capitalization$1.64 billion
Coin or TokenCoin
Number of Exchanges45
Official Website (Alt)N/A
Message Board (Alt)N/A
Monero (XMR) Frequently Asked Questions
What is Monero?
Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from "a high-ranking White House official", without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup). Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a "ring" of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. (Description provided by CryptoCompare)
What exchanges can I buy or trade Monero on?
Monero can be purchased or sold on the following cryptocurrency exchanges: HitBTC, Bithumb, Binance, Bitfinex, Poloniex, Kraken, OKEx, Exrates, B2BX, Bittrex, Huobi, Instant Bitex, Upbit, Livecoin, Coinut, DragonEX, Exmo, Gate.io, CoinEx, Ovis, Cryptopia, Coinroom, Coindeal, Bisq, BitBay, Coinbe, TradeOgre, LiteBit.eu, Crex24, Braziliex, BTC Trade UA, Waves Decentralized Exchange, Cryptomate, Bitbns, Trade Satoshi, Stocks.Exchange, Tux Exchange, Nanex, Liquid, SouthXchange, OpenLedger DEX, Bitlish, Mercatox, BTC-Alpha and Graviex.
How do I buy Monero?
It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Monero.
Where can I get Monero wallet?
Monero produces its own wallet software that is available for download on its website, which allows you to store Monero on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Monero?
One Monero (XMR) is currently worth $92.92 on major cryptocurrency exchanges. You can also exchange one Monero for 0.00800796 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Monero in U.S. dollars is $1.64 billion.
What hashing algorithm does Monero use?
Monero is a proof of work (PoW) coin that uses the CryptoNight algorithm.
How do I mine Monero?
Monero can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Monero and access to a mining pool that pools your effort with other miners and a wallet to store the Monero that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.
What coins are similar to Monero?
The following coins use Monero's CryptoNight algorithm and proof of work (PoW) proof-type: Bytecoin, Aeon, Monero Classic, DigitalNote, BitTube, Sumokoin, BitNewChain, Boolberry, Karbo, Digital Insurance Token, ZUM TOKEN, PluraCoin, BitCoal, UltraNote Coin and Bitcoin & Company Network.
What is the Reddit page for Monero?
The official Reddit community (subreddit) for Monero is r/monero.
MarketBeat Community Rating for Monero (XMR)MarketBeat's community ratings are surveys of what our community members think about Monero and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Monero (XMR) Price Chart for Saturday, August, 8, 2020
Monero (XMR) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Monero. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Monero Coin" over the last 90 days.
Monero (XMR) Social Media Trends
Monero (XMR) News Headlines
|Monero’s Hashrate Experienced Its Largest Single Day Gains Ever|
cointelegraph.com - August 8 at 1:03 AM
|Monero, Ethereum Classic, Tezos Price Analysis: 07 August|
eng.ambcrypto.com - August 8 at 1:03 AM
|Monero, Zcash’s Travel Rule compliance depends on one fine distinction|
eng.ambcrypto.com - August 6 at 1:39 PM
|Privacy Could be One Reason DASH, XMR & ZEC are Gaining in Sync|
en.ethereumworldnews.com - August 6 at 7:06 AM
|Ethereum Classic, Dash, Monero Price Analysis: 4 August|
eng.ambcrypto.com - August 4 at 6:31 AM
|Monero, Tari to release guide to help exchanges list privacy coins|
decrypt.co - August 3 at 3:13 PM
|Ethereum Classic, Tezos and Monero price analysis: 2 August|
eng.ambcrypto.com - August 2 at 4:40 PM
|Cryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VP|
cointelegraph.com - August 2 at 8:05 AM
|Hackers Have Been Using Dogecoin to Deploy Malware for 6 Months & No One Noticed|
cointelegraph.com - July 31 at 4:01 AM
|Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims|
cointelegraph.com - July 22 at 2:18 PM
|Big Crypto Hacks: Bad Crypto News of the Week|
cointelegraph.com - July 19 at 10:03 AM
|Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms|
cointelegraph.com - July 18 at 7:02 PM
|IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions|
cointelegraph.com - July 3 at 6:02 AM
|Why Isn’t BCH Way More Popular on the Dark Web?|
cointelegraph.com - July 2 at 4:31 PM
|Massive Cyberattack on Australia Uses Cryptojacking Exploits|
cointelegraph.com - June 29 at 4:09 AM
|New Monero Mining Pool can Only be Accessed Over Tor|
themerkle.com - June 23 at 8:39 PM
|Monero Price Analysis for June 19th – XMR Needs Reason To Move|
themerkle.com - June 19 at 11:19 AM
|Hackers Mining Monero in Over 1,000 Enterprise Computers|
www.financemagnates.com - May 26 at 8:21 AM
|On the Darknet Side: The Role of Crypto as a Means of Exchange|
cointelegraph.com - May 2 at 10:11 AM
|Millionaire Arrested for Wife’s Murder in $10M Monero Ransom Kidnap Case|
cointelegraph.com - April 29 at 5:03 AM
|Cybereason Discovers a Global Outbreak of Malware Attacks Using Bitbucket|
www.prweb.com - February 5 at 4:11 PM
|Monero on the Horizon: On Bitcoin, Chainalysis, & Darknet Marketplace Activity|
blockonomi.com - January 30 at 6:18 PM
|Monero Malware Botnet Lurks Behind Taylor Swift JPEGs|
cointelegraph.com - December 19 at 11:05 AM
|Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny|
cointelegraph.com - October 12 at 8:09 PM
|Bitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit Gains|
cointelegraph.com - February 9 at 4:07 AM
|CookieMiner Malware Tries to Hack Mac Users’ Cryptocurrency Exchange Accounts, Report|
cointelegraph.com - February 1 at 5:49 AM
|Top 5 Crypto Performers Overview: Tron, Litecoin, Binance Coin, Dash, Monero|
cointelegraph.com - January 27 at 1:22 PM