10 BEST Monero Wallet: Store XMR in Windows, Mobile, Online
Monero is a decentralized digital cryptocurrency system that uses cryptography to ensure all transactions performed remain untraceable. Monero was created in 2012, and it is a fork of the Bytecoin blockchain, which was initially named Bitmonero.
This cryptocurrency pays a lot of attention to the user’s privacy and security. It has steadily become one of the most popular cryptocurrencies in the current crypto market, which you can store using Monero wallets. These digital wallets help you easily store, convert and manage your Monero (XMR) coins.
Following is a handpicked list of Top Monero Wallets with their pros, cons, and website links. The list contains both open source (free) and commercial (paid) software.
Best Monero Wallet (XMR) for Desktop, Mobile, Hardware
| Name | Wallet Type | Supported Coins | Security | Link |
|---|---|---|---|---|
| 👍 CoinBase | Software | Bitcoin, Litecoin, Monero, Cardano, Dash, Neo, Ripple, etc. | Secure | Learn More |
| 👍 Binance | Software | Bitcoin, Monero, Ethereum, Enjin Coin, Polkadot, Cardano, etc. | Secure | Learn More |
| Ledger | Online | Ethereum, Bitcoin, Dogecoin, Monero, Litecoin, etc. | Very Secure | Learn More |
| Kraken | Software | BTC, XMR, ETH, Litecoin, Cardano, Dash, Zcash, etc. | Very Secure | Learn More |
| Trezor | Hardware | BTC, ETH, EOS, XMR, ADA, XLM, TRON, etc. | Very Secure | Learn More |
1) CoinBase
Coinbase is a Monero wallet that can be utilized for crypto purchases, selling, transfers, and storage. It can securely store a wide range of digital assets in offline storage. It is one of the best Monero wallets supported in more than 100 countries.
| Pros | Cons |
|---|---|
| Allows you to buy and sell any digital currency and keep track of them in one place. | Not available all over the world. |
| Helps you to schedule your currency trading on a daily, weekly, or monthly basis. | Less known coins aren’t supported. |
| You can store your funds in a vault for safety purposes. | |
| Accepts the fiat currencies |
Key Statistics:
- Wallet Type: Software
- Supported Coins: Bitcoin, Litecoin, Monero, Cardano, Dash, Neo, Ripple, etc.
- Available Platforms: Web, Mobile, and Desktop
- Launch Year: 2012
2) Binance
Binance is one of the best XMR wallets that help you create a Monero wallet and offers a platform for trading more than 150 cryptocurrencies. It also offers an API that helps you integrate your existing trading application.
| Pros | Cons |
|---|---|
| This safest XMR wallet offers a wide range of tools for trading online. | Little difficult for beginner crypto enthusiasts. |
| It provides 24/7 support. | No fiat deposits or withdrawals. |
| This crypto wallet offers basic and advanced exchange interfaces for trading. | |
| More than 100 different cryptocurrencies are available to trade. |
Key Statistics:
- Wallet Type: Software
- Supported Coins: Litecoin, Monero, Ethereum, ZCoin, Coinbase, etc.
- Available Platforms: Web, iOS, Android, and PC clients.
- Launch Year: 2017
3) Ledger
The Ledger is a hardware wallet that supports a multitude of cryptocurrencies. It is one of the best hardware XMR wallets having an LED display for payment validation and a PIN to confirm payments.
| Pros | Cons |
|---|---|
| You can access it via USB-compatible devices. | If you want to set up different cryptocurrencies, then memory can become an issue. |
| It helps you to install up to 100 applications on your Ledger. | |
| You can secure and control all your crypto in one place. |
Key Statistics:
- Wallet: A hardware wallet.
- Supported Coins: BTC, ETH, XRP, XMR, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 1,350+ more.
- Available Platforms: Windows (7+), Mac (10.8+), and Linux.
- Launch Year: 2014
4) Kraken
Kraken is one of the best XMR wallets that offer financial stability to the user by maintaining full reserves, relationships, and the highest legal compliance standards. It helps you to buy and sell digital assets with a single click.
| Pros | Cons |
|---|---|
| It provides a highly comprehensive security approach. | Not the most helpful customer service. |
| A good amount of fiat currencies are accepted. | |
| This Monero wallet offers Tier 2 verification, and you can deposit some fiat money in a few minutes. | |
| You can reach out to their support team via live chat. | |
| This Monero wallet automatically checks all addresses for errors. |
Key Statistics:
- Wallet Type: Software
- Supported Coins: BTC, XMR, ETH, Litecoin, Cardano, Dash, Zcash, etc.
- Available Platforms: Web, Android, and iOS
- Launch Year: 2011
5) Trezor
Trezor is a hardware Monero wallet that helps you store your Monero coins with ease. You can easily plug it into your computer or smartphone devices. It also allows you to randomly generate a PIN that keeps your device safe and secure.
| Pros | Cons |
|---|---|
| It is ultra-secure offline storage. | It has a bulky design. |
| It supports more than 1,000 currencies. | |
| You can always recover access to your coins & assets from your offline backup. | |
| Touchscreen user interface. | |
| It helps you to secure your private keys. |
Key Statistics:
- Wallet Type: Cold
- Supported Coins: BTC, ETH, EOS, XMR, ADA, XLM, TRON, +1,000 digital assets
- Available Platforms: macOS, Windows, or Linux
- Launch: 2012
6) PrimeXBT
PrimeXBT is a multi-asset trading platform, which means cryptocurrency is one of the assets out of the many that you can find on this platform. It provides some amazing leverage options, and the fees on this platform are very competitive.
| Pros | Cons |
|---|---|
| Highest levels of security in your crypto trading. | Offers limited cryptocurrency choices. |
| Different assets are available to be traded. | Does not operate in Canada and the US. |
| Accepts fiat (credit/debit card) deposits. | |
| Relatively simple to use. |
Key Statistics:
- Wallet Type: Software
- Available Apps: Web, Android, and iOS.
- Supported Coins: BTC, ETH, LTC, XMR, XRP, EOS.
- Launch Year: 2019
7) Coinsmart
Coinsmart is a digital currency exchange that enables you to buy and sell crypto with no hassle. It helps you to access your cryptocurrencies, payments, and your transactions instantly. It is one of the best Monero wallets that provides a quick and easy way to send invoices to your customers using SmartPay Invoicing.
| Pros | Cons |
|---|---|
| Helps you trade any currency with just one click. | Fiat withdrawals may take 1-5 business days. |
| It processes all fiat withdrawals in a few days. | |
| Enables you to place customized orders seamlessly. | |
| You can access this platform from your mobile and desktop. | |
| Offers credit and debit card funding. |
Key Statistics:
- Wallet Type: Software
- Supported Coins: Bitcoin Cash, XRP, XMR, Litecoin, and more
- Available Platforms: Web, iOS, and Android
- Launch Year: 2018
8) Gemini
Gemini is one of the best Monero wallets that helps you to legitimize cryptocurrencies worldwide. It is a simple, elegant, and secure way to build a crypto portfolio. It also provides discounts up to 0% for volume traders.
| Pros | Cons |
|---|---|
| Allows you to select from 40+ cryptocurrencies. | You need to provide lots of personal information. |
| It offers good security measures. | Comparatively higher fees than some other crypto exchanges. |
| Fully registered and compliant with banking standards. | |
| User-friendly and well designed. | |
| Low fees for exchanging assets. | |
Key Statistics:
- Wallet Type: Software
- Supported Coins: Bitcoin, Monero, Ethereum, Litecoin, and Bitcoin Cash
- Available Platforms: iOS and Android
- Launch Year: 2014
9) Cex.io
Cex.io is one of the best Monero wallets which helps you to buy and sell cryptocurrencies. It helps you to deposit funds using MasterCard, VISA cards, or PayPal. This cryptocurrency platform follows scalping and frequency trading strategies to secure assets and data.
| Pros | Cons |
|---|---|
| It offers protection against DDOS (Distributed Denial-of-Service) attacks with the help of full data encryption. | Does not offer many coin options. |
| Allows you to trade with more than 10x leverage without creating an extra account. | |
| Provides downloadable reports showing real-time balance and transaction history. | |
| Offers advanced order matching algorithms. | |
| Supports REST and FIX APIs for automated trading. |
Key Statistics:
- Wallet Type: Software
- Supported Coins: Bitcoins, Ethereum, XRP, XMR, LTC, Cardano, Neo, etc.
- Launch Year: 2013
10) Monero GUI Wallet
Monero GUI Wallet is an open-source and official desktop client which supports XMR wallets. It is one of the best XMR wallets with a native UI/UX suitable for crypto novices.
| Pros | Cons |
|---|---|
| It makes your transactions confidential and untraceable. | Takes space and processing power, intimidating for beginners. |
| It allows you to exchange and convert your fiat money into XMR. | |
| Provides a 25-word seed phrase that makes your storage more secure. | |
| Free download support. |
Key Statistics:
- Wallet Type: Desktop
- Supported Coins: XMR
- Available Platforms: macOS, Windows, and Linux
- Launch year: 2014
Link: https://www.getmonero.org/
How to buy Monero XMR?
Below are the steps to buy Monero (XMR):
Step1) Register on the Binance site by clicking Register Now button
Step 2) In the next step,
- Select the method as Email
- Enter your email address and password and click on the Create Account button
Step 3) For the additional security measure, Binance asks you for the puzzle verification. Just drag and drop your mouse to complete the puzzle shown on your screen.
Step 4) Enter the verification code you have received in your mail-id.
Step 5) Complete all the registration formalities. Enter credit card and billing details. You can now proceed with your XMR purchase
1. Click on the Trade menu
2. Then press the Convert option to convert your fiat currency into XMR
Step 6) In the Convert & OTC Portal screen,
1. Select Euro (or any other Fiat currency you want to deposit) and enter the amount you want to convert into an XMR coin
2. Click on the Preview Conversion button.
Step 7) You will see the amount of XMR you will receive after conversion. If all is okay, click Convert to proceed with the transaction.
Step 8) Conversion process is successful! You can check the complete status of your transaction by clicking on View Status
Buying Guide:
❓ What is a Monero Wallet?
Monero wallet is a digital wallet that helps you easily store and manage your Monero (XMR) coins. This software allows you to buy, sell, convert and manage different digital currencies and keep track of them in one place. These digital wallets also offer various security features to keep your digital assets safe and secure.
✅ What are the best XMR Wallets?
Following are the best XMR Wallets:
🔒 Is Monero GUI Wallet safe?
Yes, the Monero GUI wallet is relatively secure, as users have total control of their private keys.
🚀 What are the tips for securely storing your Monero?
Here are some important tips for securely storing your Monero coins:
- You should back up your wallet regularly to protect against unexpected mishaps or accidents.
- You can store your private keys somewhere private and also ensure that it is encrypted.
- Select a wallet that suits your needs, as some crypto wallets are focused on security and can be time-consuming to use.
- Set up two-factor authentication.
🏅 Can you hold XMR coins on an exchange?
Yes, you can. However, not all cryptocurrency exchanges support Monero (XMR). Binance and Coinbase are crypto wallets that allow you to hold your XMR coins on them. Keeping your XMR coins on these platforms will allow you to remain sure that they’re quite secure and also trade with other cryptocurrencies.
👉 Can you keep your cryptocurrencies in two or more Wallets at a time?
Yes, it is also a part of crypto storage best practices too! Most cryptocurrency enthusiasts prefer to have software for easy access and trading and hardware wallet for safe storage.
However, you can also use multiple wallets to make sure that your assets are safe and sound. This helps you when one of your crypto wallets becomes compromised, and you still do not lose all of your assets.
⚡ What are some important types of Monero Wallets?
Here are some important types of Crypto Wallets:
- Hot wallets: These wallets use keys created or stored on a device with access to the Internet. Hot wallets provide high utility, but they are less secure than cold wallets.
- Cold wallets: These wallets use digital keys created on a device that does not have access to the Internet. They are also known as hardware wallets. Cold wallets are the physical devices in which cryptocurrencies are stored.
- Hosted wallets: These wallets are live on another server that you don’t have control of. Hackers use host wallets as they hold the data of all the funds from the wallets on the server. This type of crypto wallet offers various levels of protection as third parties insure some hosted wallets.
- Decentralized wallets: In this type of wallet, you are the only person that holds the keys to your crypto wallet. A decentralized wallet never offers any assurance of complete privacy. Although, it also means you do not rely on a 3rd party to send, receive or store your cryptocurrencies. This allows you to ease some security risks associated with hosted wallets.
- Hardware Wallets: Hardware wallets are physical items (like a type of USB drive). The Ledger and Trezor are popular names in hardware wallets. They are considered highly secured crypto wallets.
- Software Wallets: These online crypto wallets or trading platforms do not require downloading and can be accessed through an Internet browser.
❗ What should you look for in a Monero Wallet?
Here are some important factors that you should consider while selecting the best Monero wallet:
Usage: The biggest thing you should consider when selecting a wallet that supports XMR is how you intend to use your crypto. Therefore, a hardware wallet is surely the best choice if you plan to buy and hold your investment long-term.
2-factor authentication: It is also known as the 2FA feature that helps you to log in only when you verify your identity in the crypto wallet. If another person had your password or could hack your password through several methods, they would still need to pass the second level of authentication.
Multi-signature support: Sometimes, a crypto wallet is owned by multiple people, like business partners. At that time, multi-signature support helps you set the security for the wallet, which is needed for multiple keys before access is granted. This also secures your funds from unauthorized access or transferring the funds to another wallet.
Exchange with crypto wallets: A crypto wallet should support other platforms. For example, many cryptocurrency users use Coinbase as it offers various types of tokens, allowing you to make payments, buy, sell and trade with the help of the GDAX platform.
Multi-currency vs. single currency. Many cryptocurrency owners own multiple cryptocurrencies. Therefore, managing a separate wallet for every currency can be a complicated process. Therefore, you should select an XMR wallet app that supports multiple types of currencies.
QR Code Scanner: A QR code scanner is necessary to access the mobile crypto wallet. This allows any mobile crypto wallet to generate and scan a QR code for coin transfers.
Backup Option: Your selected crypto wallet should provide an option for backup. Therefore, in the case when your laptop, PC, or smartphone device stops working, you can back up your data immediately. Therefore, some mobile crypto wallets like Coinbase provide a handy feature to restore your wallet.
❓ Can you mine XMR?
Monero has no mining or miners whatsoever. All the transactions are carried by a “centralized” blockchain, making the process reliable and faster. Mining is a fundamental principle of almost every cryptocurrency. Each of them uses their system to establish how much power the miners have.
You can’t mine Monero, so the only available option is to mine other cryptocurrencies like Bitcoin, Litecoin, or Ether. After that, you need to select exchanges that help you convert your cryptocurrencies like BTC to XMR.