Which wallet is best for Monero?

The Best Monero Wallets for Private Transactions

Table of Contents

Wallet	Type	Open source
MyMonero	Desktop, Web, Mobile	✅
Cake Wallet	Mobile (iOS)	✅
Ledger Nano S (with Monero GUI)	Hardware	❌
Monerujo	Mobile (Android)	✅

Where do you store XMR?

Cake Wallet is a mobile wallet for storing your Monero coins. The wallet provides you with access to your private keys and a seed phrase, which gives you complete control over your coins. The only drawback of Cake Wallet is that it is available for iOS users only.

How do I add money to my Monero wallet?

Monero deposit

STEP 1: Log in to your NiceHash account.
STEP 2: Click the Wallet tab.
STEP 3: Click the Deposit button.
STEP 4: Select Monero from the “Deposit to” dropdown menu and click the “SHOW (XMR) ADDRESS” button.
STEP 5: In this step, you have to open your own Monero wallet.

How do I send XMR to Monero wallet?

How to make a payment using Monero GUI

Go to Send page.
On Address field, enter the recipient address.
On Amount field, enter the amount in XMR.
Click on Add recipient if you want to add more recipients to the transaction.

How do I cash out Monero?

Monero withdrawal

Navigate to your Wallet and click the Withdraw button.
Select the Monero wallet in the “Withdraw from” field.
Select the withdrawal address or add a new withdrawal address.
Enter the amount of XMR you wish to withdraw.
Click Review withdraw button.
A confirmation screen will pop up.

Will Coinbase add Monero?

Monero is not supported by Coinbase.

Can electrum hold XMR?

Electrum for Monero? Electrum, the famous Bitcoin light wallet, does not support Monero. A prehistoric version of Monero used to be similar to Bitcoin enough to be stored in a Bitcoin wallet, but those times are gone.

Can CoinBase hold XMR?

Is XMR a good investment?

Monero is an excellent investment for the long term because more people are demanding for the privacy of their money. It has continued to prove that it can uphold the privacy of its clients much better than other currencies.

Is Monero better than Bitcoin?

Although BTC is the undisputed champion when it comes to overall market cap and trading volume, monero (XMR) delivers something unique as it is a privacy coin – a cryptocurrency that hides data about its users.

Is Monero illegal?

Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable. This characteristic, however, does make it very popular on the darknet and for use with certain activities such as gambling and the sale of drugs.