Monero (XMR) is a cryptocurrency focused on anonymity. Increased payment privacy is achieved here with the help of ring signatures and stealth addresses, that is, this is not an auxiliary function, but a fundamental feature.
Our editors have carefully studied over 20 leading platforms and compiled a Ranking of the cryptocurrency exchanges more liquidity with Monero, where you can buy and sell XMR cryptocurrency. There are many, due to the popularity and demand of the coin – and the influence of confidential coins has only increased after the US government took measures against the cryptomixer Tornado Cash.
TOP 7 exchanges selected by our experts for XMR cryptocurrency trading:
- Binance It is the exchange with the best liquidity on the market
- OKX is a convenient spot and futures exchange with DeFi capabilities
- KuCoin is the broker with the best Monero trading volumes in May 2023
- Gate.io is a time-tested and feature-rich trading platform
- MEX – global cryptocurrency exchange with low fees
- cooperative is one of the most popular cryptocurrency exchanges, known since 2013
- Bybit is one of the best options for derivatives trading on Monero (XMR)
A comparison of the best cryptocurrency exchanges with XMR is presented in the table:
| Exchange name | Link do site | Trade with XMR | XMR Contracts | Trabalha com maior parte dos Países? | KYC required | Proof of Reserves | Trading Fees |
|---|---|---|---|---|---|---|---|
| Binance | binance.com | USDT, BUSD, BNB, BTC, ETH | XMRUSDT, XMRUSD CM | sim | sim | sim | Spot: up to 0.1%. Futures: up to 0.05%. |
| OKX | okx.com | USDT, USDC, BTC, ETH | XMRUSDT, XMRUSD | sim | No | sim | Spot: up to 0.1%. Futures: up to 0.05%. |
| Bybit | bybit.com | – | XMRUSDT | sim | sim | sim | Spot: up to 0.1%. Futures: up to 0.05%. |
| KuCoin | kucoin.com | USDT, ETH, BTC | XMRUSDT | sim | No | sim | Spot: up to 0.1%. Futures: up to 0.06%. |
| BingX | bingx.com | USDT | XMRUSDT | sim | No | sim | Spot: up to 0.1%. Futures: up to 0.05%. |
| Bitfinex | bitfinex.com | USDT, BTC, USD | XMR-PERP | sim | No | sim | Spot: up to 0.2%. Futures: up to 0.065%. |
| cooperative | huobi.com | USDT | – | sim | No | sim | Spot: up to 0.2%. Futures: up to 0.05%. |
| MEX | mexc.com | USDT | XMRUSDT | sim | No | No | Spot: from 0 to 0.2%. Futures: from 0.014 to 0.06%. |
| Gate.io | Gate.io | USDT, BTC | XMRUSDT | sim | No | sim | Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
| Coinex | coinex.com | USDT, BTC, USDC | XMRUSDT | sim | No | sim | Spot: up to 0.2%. Futures: up to 0.05% |
| Poloniex | poloniex.com | USDT, BTC, USDC | XMRUSDTPERP | sim | No | No | Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
11 Exchanges to Trade Monero Cryptocurrency
To rank the best Monero exchanges, our experts studied the available exchanges and took into account several important factors. These include methods of depositing and withdrawing funds, the size of the transaction fee, the reputation of the broker in the market, the availability of additional services, Proof of Reserves , etc. Before choosing a cryptocurrency exchange to trade XMR, it is also recommended to do your own research and read reviews from other users. Data from aggregators was used to prepare the information. CoinMarketCap and CoinGecko .
1. Binance
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Negociado com XMR – USDT, BUSD, BNB, BTC, ETH
- XMR Contracts – XMRUSDT, XMRUSD CM
- Rate (spot): up to 0.1%
- Rate (contracts): up to 0.05%
- Verification required: yes
- Proof of Reserves
- Access trading: binance.com
Binance is the best cryptocurrency exchange in terms of total trading volume; specifically, in terms of Monero trading volume, it is in third place. The functionality makes it possible to buy and sell a coin directly and trade perpetual derivatives contracts for it. In addition, flexible deposits in Monero are available in the Simple Earn section. The yield at the end of May 2023 is 0.73% per annum.
2. Bybit
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- XMR Contracts – XMRUSDT
- Rate (spot): up to 0.1%
- Rate (contracts): up to 0.05%
- Verification required: yes
- Proof of Reserves
- Go to trading: bybit.com
Bybit does not offer the ability to trade Monero on the spot market , but supports a perpetual contract for this cryptocurrency. In general, the exchange specializes in derivatives, although the rest of the functionality is rich here, from flexible and fixed deposits to copy trading and NFTs to its own web3 wallet, Bybit Wallet. It was also recently launched a cryptocurrency card , although it is only available to European residents.
3. OKX
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT, USDC, BTC, ETH
- XMR Contracts – XMRUSDT, XMRUSD
- Rate (spot): up to 0.1%
- Rate (contracts): up to 0.05%
- Verification required: no
- Proof of Reserves
- Go to trading: okx.com
OKX OKEx is a global cryptocurrency exchange with a large selection of cryptocurrencies and features. Those who want to trade on it do not need to go through full KYC unless they plan to use fiat currency (including via p2p). However, you will still be asked to provide information about yourself when making a deposit. OKEx is also actively developing the Web3 space on its own blockchain OKT Chain (formerly OKExChain). Various types of earnings are available, for example, the IEO Jumpstart platform.
4 Gate.io
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT, BTC
- XMR Contracts – XMRUSDT
- Rate (spot): up to 0.2%
- Rate (contracts): up to 0.05%
- Verification required: no
- Proof of Reserves
- Go to trading: gate.io
Gate.io allows you to trade Monero spot and futures, and also includes leveraged tokens XMR3L and XMR3S. These are assets with built-in 3x leverage, which can be bought long (L) or short (S). Overall, Gate.io is one of the oldest and most functional platforms. It also pays close attention to web3. You can interact with dApps using the Gate.io Web3 wallet.
5. MEX
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT
- XMR Contracts – XMRUSDT
- Rate (spot): up to 0.1%
- Rate (contracts): up to 0.06%
- Verification required: no
- Proof of Reserves
- Access bidding: mexc.com
MEX is a popular cryptocurrency exchange, but despite this, Monero liquidity is quite low here and transactions are rare. As with Gate.io, there is the ability to buy and sell leveraged tokens XMR3L and XMR3S. Competitions are held regularly – for example, large-scale futures tournaments with impressive prize pools and daily giveaways.
6 KuCoin
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT, ETH, BTC
- XMR Contracts – XMRUSDT
- Rate (spot): up to 0.1%
- Rate (contracts): up to 0.06%
- Verification required: no
- Proof of Reserves
- Go to trading: kucoin.com
KuCoin is a cryptocurrency broker, which as of May 2023 is a leader in Monero trading (almost 12% of the total coin turnover occurs on this platform). The platform has a convenient and fully Russified interface, its own token, and web3 tools. The Earn section contains many opportunities for passive income – structured investment products, landing pages, etc. There is a built-in mining pool.
7. cooperative
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT
- Rate (spot): up to 0.2%
- Rate (contracts): up to 0.05%
- Verification required: no
- Proof of Reserves
- Go to trading: huobi.com
cooperative allows you to buy and sell Monero on the spot market against the stablecoin USDT. This is one of the oldest exchanges on the market, which has been operating successfully for over 10 years, although it has gone through some difficult times. HTX is designed for users from almost all countries in the world and allows you to perform basic transactions with cryptocurrencies without confirming your identity.
8 BingX
- Trading types: spot, derivatives, p2p market
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT
- XMR Contracts – XMRUSDT
- Taxa (spot): 0,1%
- Rate (contracts): up to 0.05%
- Verification required: no
- Proof of Reserves
- Access bidding: bingx.com
BingX is the new name of the Bingbon exchange, which has been around since its rebranding in 2021. The main functionality corresponds to the market leaders – there are all the basic types of trading, as well as additional options. Users can receive rewards, start copy trading and grid trading, and instantly convert coins from their accounts from one to another. It is possible to buy cryptocurrencies using bank cards and deposits (not for all jurisdictions).
9. Bitfinex
- Trading types: spot, derivatives
- Can be used in the Brazilian Federation: yes
- Traded with XMR – USDT, BTC, USD
- XMR Contracts – XMR-PERP
- Rate (spot): up to 0.2%
- Rate (contracts): up to 0.065%
- Verification required: no
- Proof of Reserves
- Go to trading: bitfinex.com
Bitfinex is a well-known and liquid cryptocurrency platform with low fees and high security. It has all the necessary functions for traders (retail and institutional), as well as opportunities for those looking for passive income options (staking, landing). There is an affiliate program, its own token ONE BUT TIME .
10. Coinex
- Trading types: spot, derivatives
A Coinex is an actively developing global cryptocurrency exchange that follows all modern industry trends: provides proof of reserves, conducts airdrops, provides liquidity to the AMM pool and receives deductions from the pool's fees. Futures trading is well developed on the exchange. XMR can be traded with up to 50x leverage.
11. Poloniex
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- Trading types: spot, derivatives
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- Can be used in the Brazilian Federation: yes
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- Traded with XMR – USDT, BTC, USDC
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- Contracts with XMR – XMRUSDTPERP
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- Rate (spot): up to 0.2%
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- Rate (contracts): up to 0.05%
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- Verification required: no
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- Proof of Reserves not
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- Go to trading: poloniex.com
A Poloniex It is known as a derivatives and spot trading exchange, but it also expands its functionality with additional options. Thus, there is the IEO platform Launchbase, the associated decentralized exchange SunSwap on the Tron blockchain, copy trading and grid bots. You can trade strategies and launch strategic bots based on artificial intelligence.
Decentralized Exchanges
According to Coinmarketcap, there are at least three exchanges Decentralized Monero:
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- SiennaSwap
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- 4Swap
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- ViteX
They are based on cross-chain compatibility, meaning they work simultaneously with multiple blockchains. There are no decentralized exchanges that work specifically on the Monero blockchain, since the network is not focused on launching smart contracts. ViteX
Where else can you buy or sell Monero?
In addition to cryptocurrency exchanges, the Monero buy/sell function is provided by:
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- Cryptocurrency Exchanges - for example, 60check , Prostocash , Baker , NiceChange , Box .
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- Cryptocurrency ATMs – You can find those that support Monero at coinatmradar.com .
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- Bots do telegram – in particular, exchange bots like Baksman.
In some cases, such methods may be more convenient, but exchanges offer the most profitable and current exchange rate. On exchanges and cryptocurrencies, the trader loses a lot on fees, but immediately receives the funds (or pays) in a way that is convenient for him.
Frequently asked questions
What cryptocurrency exchanges support Monero?
You can highlight Binance, OKX, Bybit, MEXC, Gate.io, and other popular platforms.
What exchanges are there that offer Monero without verification?
Of those listed in the article, only Binance and Bybit require mandatory verification. The rest can be used without identity confirmation, but functionality will be reduced.
Which trading pairs use XMR?
Mainly in pairs with USDT, also BTC, ETH, USDC.
What are the fees for buying and selling Monero on cryptocurrency exchanges?
On average, the market rate for a spot transaction is 0.1-0.2%.
What Monero exchanges are there with low fees?
It is profitable to trade with low fees on Binance, Bybit, OKX, etc.
Are there any Monero futures exchanges?
Yes – almost all of them also offer perpetual contracts for Monero, which further expands the opportunities for interested traders.
What are the best exchanges with XMR for Brazil, CPLP?
Binance, Bybit, HTX, MEXC, OKX, etc. work almost entirely with residents of these countries.
How to choose a crypto exchange to trade Monero?
Pay attention to the broker’s online reputation and how long they have been in the industry. What are the fees on the platform, supported payment and trading methods, additional features.
What other Monero trading methods are available on the market?
In addition to exchanges, you can use exchanges, telegram bots or cryptocurrency ATMs.
Conclusion
Using Monero on cryptocurrency exchanges provides a high level of privacy and security for users, unless, of course, the exchange itself requires the disclosure of personal data. Monero exchanges are usually platforms that have been on the market for 5-10 years, have stood the test of time and are reliable. Still, anyone who wants true decentralization and complete privacy should first master working with cryptocurrency wallets. without custody .