Monero (XMR) exchange rate

Price for today

159,275 USD -0,94%

0,00545808 BTC -0,94%

Market Cap
2,916,774,238 $
Volume 24h
115,009,806 $
  • Name: Monero

  • Symbol: XMR

  • Circulating supply: 18 312 799 $

  • Max supply: 0 $

  • Cmc rank: 27

  • Volume 24h: 115 009 810 $

  • Percent change 1h: 0,01 %

  • Percent change 24h: -0,94 %

  • Percent Change 7d: -1,9 %

About Monero

Monero is also one of the top cryptocurrencies. Crypto investors believe this currency is also suitable for investments. 

Monero is the most closed and private cryptocurrency. The amount of tokens, the course, the trading volume – this information remains closed. For this reason, Monero is a popular choice for those who want to stay completely anonymous. The demand for Monero increases with the growth of regulative pressure on the cryptomarket.

Top Exchanges:

What Is Monero ?

Monero was designed with no pre-mine or Venture Capital Funding back in April 2014 as a fork and a better alternative to Bytecoin. Monero’s popularity is anonymization-based, i.e. the cryptocurrency users get a unique public address or key; therefore, the transactions are undetectable. The address is always created randomly and for each transaction individually so the coins are delivered securely and beyond the government’s awareness. The Monero ledger functions slightly differently from the general blockchain as it does not record the addresses of the sender and recipient. Moreover, that one-time created address is not linked to the actual address of either party. 

A few of the key aims of the digital coin is to enable fully private transactions; to obscure senders and recipients through advanced cryptography. The Monero team is also taking care of easy use, efficiency, protection, and being as technologically competent as possible.

Buying Monero

P2P marketplaces, Automated Teller Machines (ATMs), direct commercial brokers, and exchange platforms are the top four digital programs for cryptocurrency acquisition and exchange Monero. To buy or exchange Monero via an exchange tool, Godex.io is one the best alternatives as it is an automated anonymous crypto trading platform offering more than 200 crypto coins available for swaps; 24/7 customer support; no personal data, accounts, registration required; immediate transfer system; minimum wage for a transaction, and just following up Monero news. 

Godex developers set security protocols for the conversion instrument and the protection from Distributed Denial-of-Service (DDoS) Attacks that purposefully disrupt the work of a targeted server, service, or network. In this way, Godex.io service is a respectful tool for various processes completion towards purchasers, traders, investors, merchants, and others. Every single user’s data is encoded and remains anonymous. There are no limits specified for the transaction volume or number. Godex additionally utilizes International Currency Exchange Rate (ICER). 

Here are the four ways to buy the coin: credit or debit cards, bank transfer, cash, or another cryptocurrency. The last option is a synonym to an exchange which is available on Godex.io. The three simple steps to buy Monero on Godex.io/exchange-rate are picking two coins for the swap, saying Monero to usd, and setting the amount → checking the recipient’s (Dogecoin) address, and order details → click Exchange.

Circulation of Monero

The circulating supply constitutes 17 854 098 XMR coins. The approximate Monero price usd, for now, is $213,03 with a 24-hour trading volume of $669 972 846 Monero value. The market cap is around $4 bln. 

Can You Mine Monero? 

Mining Monero is possible, and the process is not that complicated at all; here is why. There is no urgent need to purchase special hardware for XRM mining. The more powerful one’s computer, the better. Once a gadget is ready, it is time to decide whether to mine Monero on your own or join an XRM mining pool. 

Monero mining does not require an Application Specific Integrated Circuit (ASIC), which is a certain type of hardware utilized for Bitcoin mining, as an instance. It costs $600-$1000, which pushes all users away except for professionals. And what Monero does use is a computer’s CPU/GPU. 

A Central Processing Unit (CPU) operates collectively with a Graphics Processing Unit (GPU) to increase the throughput of data and the number of concurrent calculations within an application. The main difference between CPU and GPU architectures is that a CPU productively manages a variety of tasks but is limited in the concurrency of tasks that can be running. A GPU quickly renders high-resolution images and video concurrently.

To mine in a mining pool, each Monero miner has to come up with one's device, and together, a group of XMR miners, combine the power of digital apparatuses. This facilitates a higher-level transaction verification and receiving a reward. The pools charge a so-called "pool fee" in the range of 0-2%. Entering a mining pool is not an obligation, however, solo mining would not be recommended for beginners. Solo mining is for those who are ready to invest big amounts of money. 

Another essential aspect of mining Monero is a wallet address existence. It is needed for claiming one’s rewards regardless of a type of mining: solo or pool. It can be a full node e-wallet or the one that is being used at a cryptocurrency exchange, such as Godex.io. Connecting mining software to the hardware to a pool or the Monero blockchain is one more step to note. Depending on the hardware and mode of mining applied, the configurations process is most of the time successful, which leads to rewards rolling in. 

Here is a brief recap of the mining Monero procedure:

  1. Choose mining hardware;
  2. Select a mining software that can match the device;
  3. Determine the address for application;
  4. Configure the mining software;
  5. XMR is on the way.


How does Monero work?

There is this Nitrogen Nebula software which is the newest version of crypto-wallet Monero GUI. The program runs the Monero ecosystem, basically, and enables transactions without traceability. The transaction gets transmitted by the Dandelion++ that, in its turn, propagates XMR and functions based on the storage method, wallet. Monero wallets are personalized, so no one except for the two parties knows about a token being transferred between them. 

Monero miners process and initiate transactions which make them responsible for entries on the network validation and security. The cryptocurrency is Proof of Work (PoW) protocol-based which creates multiple difficulties for hackers as it requires mathematical puzzles solution before value generation and exchange.

How Many Monero (XMR) Coins Are There In Circulation?

There is 18.1 million XMR in circulation. This cryptocurrency is resistant to application-specific integrated circuits, which means that it is quite possible to mine XMR using everyday computing equipment. 

18.4 million XMR is forecasted to eventually be in circulation — and this cap is expected to be reached on May 31, 2022. The consistent rate of the e-currency is 0.3 Monero per minute.

How Can You Convert Monero (XMR)?

Converting Monero through the most secure and anonymous software tool is safe and fast only at Godex.io. Furthermore, everyone concerned can check out the website to learn the easiest guide on how to buy Monero. The service provides the privacy that the users truly need and a straightforward interface without verification. The several steps for transaction completion are choosing the currency to convert; for instance, Monero to usd → fulfill your wallet address data → wait for the deposit → Godex generates the address for the conversion → process the conversion (the platform begins to offer the best rates on the market). Once it is finished, the transaction’s result demonstrates on the “completed” page.

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