Live Monero (XMR) to USD exchange rates

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Monero to US Dollar Exchange Rate

Live Rate

= $ 127.2886

Refreshing in: 60s | Wed, Dec 02, 03:54AM GMT

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Monero offers users privacy and security

Monero is an open-source cryptocurrency that was created in 2014. It uses a public ledger to record transactions with new coins created through a process called mining, just like bitcoin, but it offers security and usability features that aren’t present with other coins.

Monero hides the identity of the sender, the recipient and the transaction amount using a sophisticated algorithm that’s been extensively tested.

Monero is marketed as one of the most privacy-centric coins currently on the market, and in 2017, Monero adopted a new method that aims to develop these privacy features.

Monero is already in use as a means of exchange in a number of commercial forums and is an established method of transferring value around the globe.

Historical pricing of Monero

Only 15.6 million Monero coins can potentially be created. This means that Monero is far scarcer than other similar coins. This scarcity and increasing adoption of the coin may have attributed to the price of one Monero coin rising from $10 at the beginning of January 2017 to over $300 at the time of this writing.

The rise in the value of Monero isn’t new. The first material rise began in 2015 when the coin went from just a few dollars to over twenty in a short timeframe as adoption of the coin began to grow. It remained steady until October 2017 when a major rise in value began.

The increase in coin value during the last three months of 2017 was particularly strong. The coin rose from just under $100 to its present $300 – $400 range. The coin has yet to break $500 on a major exchange, but it’s come very close to doing it a number of times.

There have been no major pullbacks in price on any major exchange since, although there was a slight decline on January 8, 2018. However, this decrease wasn’t something that was entirely due to Monero.

This drop may have been caused by a revaluation of the pricing methodology at a major US exchange. It affected all currencies, and Monero recovered within a two-week period.

The rise in its value has been consistent over the course of 2017 with no real significant drops in value. Trading volumes are rising steadily as well, and the coin now has a market capitalization of around $5 billion.

Things to consider before buying Monero

Monero’s supply is about the same as bitcoin, but Monero’s underlying technology offers privacy features not present with bitcoin. Transaction speeds using the coin are at present much faster than bitcoin.

With businesses all over the world wanting to preserve the security of international transactions, they may decide to adopt Monero as their transaction method of choice since Monero has been proven to be a secure method of conducting international commerce from both the buyers’ and the recipients’ perspectives.

In fact, there’s already a Monero add-on that allows the thousands of businesses using the WooCommerce app on WordPress, which is currently powering e-commerce on over 380,000 websites, to accept Monero as payment.

Major musicians, in particular, seem to be particularly keen on the advantages of selling music for Monero, with Monero users including the Backstreet Boys, the Lumineers, Weezer, Mariah Carey, Marilyn Manson, Lana Del Rey, Motley Crue, Sia and Slayer.

Any partnership with a large corporation that wishes to preserve the privacy of its internal cross-border transactions while transmitting funds faster and cheaper than the current international banking system could provide a further boost to Monero’s adoption.

There are plans to develop this user base with the Monero-backed “Project Coral Reef”. This project supports merchants and companies who wish to adopt and use the coin.

At present, the project has resulted in over 50 companies adopting the coin. While many of these companies are currently small, the project, which was recently featured in Forbes magazine, will continue to push the benefits of Monero throughout 2018.

In an uncertain world, many people may decide that privacy and security are valuable commodities, and traders will need to decide whether a coin that has risen 3,000% in a year but is still 40 times less valuable than its most similar counterpart represents an exciting proposition.

Compare cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
ZenGo Cryptocurrency App
ZenGo Cryptocurrency App
Mobile
BTC, ETH, USDT, LINK, BNB, UNI, WBTC, XTZ, OKB, LEO & 30+ more
Free download
Take advantage of ZenGo's unique self-custody system to buy, sell and spend and earn cryptocurrency in your own wallet.
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
Guarda Wallet
Desktop Client, Mobile, Web
BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, XLM, DASH & 60+ more
Free download
A multi-platform wallet with a user-friendly interface designed to store, manage, transfer and receive digital assets.
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, DGB, QTUM, XLM, ZEC, XRP, BCH and 150+ more
Free download
Store, buy and sell 130+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
Hardware
BTC, ETH, XRP, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$55
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
Hardware
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$170
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Sugi Wallet
Sugi Wallet
Hardware, Mobile
BTC, ETH, LTC, XRP, BCH, ERC20
$71
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
CoolWallet S Wallet
Hardware, Mobile
BTC, BCH, XRP, ETH, LTC, ZEN, ICX, JOY, ZPR, LEO & 30+ more
$99
A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
KeepKey Wallet
Hardware
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
$49
Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.
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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

50
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

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Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Changelly Crypto-to-Crypto Exchange
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

290
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
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51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
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Market rate for common transfer amounts XMR to USD

Monero (XMR) US Dollars (USD)
ɱ1 0
ɱ100 0
ɱ500 0
ɱ1000 0
ɱ1500 0
ɱ2500 0
ɱ5000 0

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