Launched in 2014, Monero, whose native currency is the XMR token, is a decentralized cryptocurrency that prioritizes anonymity. Unlike Bitcoin (which has serial numbers), XMR obscures details about senders, recipients, and the amount of crypto being transferred, using a mechanism of ring signatures. Via ring signatures, past transaction outputs are picked from the blockchain to serve as decoys, obfuscating the identities of the entities that signed the transactions. Moreover, stealth addresses ensure that transactions cannot be linked to one another. These features have positioned XMR as a leading currency in darknet markets and made Monero a target for federal regulation. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code.The network uses a consensus mechanism called CryptoNight, a proof-of-work (PoW) mechanism that thwarts the proliferation of large mining farms, allowing mining of XMR on everyday computer equipment and thereby fostering greater decentralization. In contrast to most cryptocurrencies, Monero did not hold an initial coin offering (ICO). A total of 18.4 million XMR is expected to be in circulation by May, 2022 at which point miners will be incentivized using “tail emissions,” whereby a small amount of XMR is fed into the system every 60 seconds as a reward. Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. XMR was the result of a fork from Bytecoin (BCN), but it is likely that hundreds of developers have contributed to XMR since then. The average block time for Monero is 30 minutes. See below for a full selection of markets where you can trade XMR for other cryptocurrencies, US dollars, and other fiat currencies.


Monero

Monero (XMR)

Tether (USDT)

US Dollar (USD)

Bitcoin (BTC)

Multi Collateral Dai (DAI)

EOS (EOS)

Ethereum (ETH)

True USD (TUSD)

Binance Coin (BNB)

BUSD (BUSD)

Euro (EUR)


Poloniex	Monero (XMR)	Tether (USDT)	173.42 USDT	3.33%	$7,076,438	27.64%

Huobi Global	Monero (XMR)	Tether (USDT)	173.67 USDT	3.62%	$2,708,464	5.91%

Bitfinex	Monero (XMR)	Tether (USDT)	173.59 USDT	3.85%	$1,225,402	651.89%

Bitfinex	Monero (XMR)	US Dollar (USD)	173.98 USD	3.48%	$426,256	361.96%

Bitfinex	Monero (XMR)	Bitcoin (BTC)	0.0029956 BTC	3.63%	$93,105	38.40%

Poloniex	Monero (XMR)	Bitcoin (BTC)	0.0029970 BTC	3.15%	$3,066	92.69%

HitBTC	Monero (XMR)	Bitcoin (BTC)	0.0000000 BTC	0.00%	$0	0.00%

HitBTC	Monero (XMR)	Multi Collateral Dai (DAI)	0.0000000 DAI	0.00%	$0	0.00%

HitBTC	Monero (XMR)	EOS (EOS)	0.0000000 EOS	0.00%	$0	0.00%

HitBTC	Monero (XMR)	Ethereum (ETH)	0.0000000 ETH	0.00%	$0	0.00%

HitBTC	Monero (XMR)	True USD (TUSD)	0.0000000 TUSD	0.00%	$0	0.00%

HitBTC	Monero (XMR)	Tether (USDT)	0.0000000 USDT	0.00%	$0	0.00%

Binance	Monero (XMR)	Binance Coin (BNB)	0.0000000 BNB	0.00%	$0	0.00%

Binance	Monero (XMR)	Bitcoin (BTC)	0.0000000 BTC	0.00%	$0	0.00%

Binance	Monero (XMR)	BUSD (BUSD)	0.0000000 BUSD	0.00%	$0	0.00%

Binance	Monero (XMR)	Ethereum (ETH)	0.0000000 ETH	0.00%	$0	0.00%

Binance	Monero (XMR)	Tether (USDT)	0.0000000 USDT	0.00%	$0	0.00%

Kraken	Monero (XMR)	Bitcoin (BTC)	0.0000000 BTC	0.00%	$0	0.00%

Kraken	Monero (XMR)	Euro (EUR)	0.0000000 EUR	0.00%	$0	0.00%

Kraken	Monero (XMR)	US Dollar (USD)	0.0000000 USD	0.00%	$0	0.00%