7 BEST Monero (XMR) Wallet – (2024) (2024)

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 hardware wallets. These digital wallets help you easily store, convert and manage your Monero (XMR) coins.

Discover the best Monero wallets with my trusted insights. I have spent over 60 hours researching 29 top Monero wallet apps to bring you the ultimate list. These well-researched options include free and paid apps, each offering unique features, pros and cons, and pricing. This comprehensive guide will help you make an informed decision. You must see the entire article for the full details.

BEST Monero Wallet: Top XMR Wallets!

1) Uphold

Uphold: Trade and Discover crypto!

During my research, I discovered that Uphold has over 10 million users in 184 countries. It provides an easy-to-use platform for buying, trading, and holding various assets. These assets include over 250 cryptocurrencies, traditional currencies, and precious metals.

Established in 2015, the company has built a substantial presence in the cryptocurrency market. I particularly appreciate its user-friendly interface, which makes trading straightforward. Uphold’s has a 100% reserve model that safeguards user funds and an openness to transparency, where real-time asset and liability data is publicly available and updated every 30 seconds.

Features:

• Coins Supported: It offers a diverse range of over 250 cryptocurrencies, including BTC, ETH, XRP, XDC, DAG, ADS, etc. It allowed me to explore various investment opportunities in the crypto market.
• Type of Wallet: Provides custodial wallet services for secure asset management.
• Available Countries: Accessible in numerous countries, including the United States, Canada, the UK, Australia, Japan, Brazil, and others.
• Blockchain Support: Supports various blockchain networks such as ERC-20, TRC-20, Polkadot, Solana (SPL), Cardano, Ripple, and 20+ others.
• Regulations: I could access Uphold, which operates under the regulations of FinCEN, FCA, and FINTRAC, providing me with compliance and security.
• Customer Support: Offers assistance through email and a contact form for user inquiries and issues.
• Available Platforms: Seamlessly accessible on the web, Android, and iOS devices.

Visit Uphold >>

2) Kraken

Best Wallet with High deposit & withdrawal limits

Kraken, launched in 2011, is one of the best XMR wallets. I reviewed it and found that it offers financial stability by keeping full reserves and following the highest legal standards. It is important to note that it helps you buy and sell digital assets quickly and easily.

Features:

• Coins Supported: Over 200 cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and more.
• Wallet Types: Offers both hot (online) and cold (offline) wallet options.
• Global Availability: I could access it in continents like Africa, Asia, Europe, North America, Oceania, and South America.
• Blockchain Compatibility: Supports multiple blockchains, including ERC-20, TRC-20, Polkadot, Solana, Cardano, Ripple, and others.
• Establishment Year: Kraken was launched in 2011.
• Regulatory Compliance: Regulated by the Financial Crimes Enforcement Network (FinCEN).
• Customer Support: 24/7 customer service is available through live chat, phone, and email.
• Platform Accessibility: Users can access Kraken via web, Android, and iOS platforms.

Visit Kraken >>

3) Binance

Best Wallet with Multiple features

Binance, launched in 2017, is one of the best XMR wallets. I particularly appreciate that it helps you create a Monero wallet and offers a platform for trading over 500 cryptocurrencies. I discovered that Binance also provides an API for integrating your existing trading application.

Features:

• Coins Supported: Binance supports over 500 cryptocurrencies, including major ones like BTC and ETH.
• Type of Wallet: I benefitted from using Binance’s hot wallet system for instant transactions, which allowed me to make quick trades without delays.
• Insurance: U.S. dollar deposits at Binance.us are insured up to $250,000 by the FDIC against bank failures.
• Staking Support: Features a “High-Yield Center” for staking, offering up to 104.62% APY.
• Blockchain Support: Supports multiple blockchains, including BNB, Polygon (MATIC), SOL, Polkadot (DOT), Cardano (ADA), ERC-20, BTC, ETH, LTC, etc.
• Available Countries: Operates in the USA, U.K., Belgium, France, Italy, and over 100 other countries.
• Mobile App: Offers mobile applications compatible with both Android and iOS devices.

Visit Binance >>

4) Ledger

Best Cold Wallet

The Ledger is a hardware wallet that supports a multitude of cryptocurrencies. I have found it to be one of the best hardware XMR wallets. It has an LED display for payment validation and a PIN to confirm payments.

Features:

• Coins Supported: Ledger supports over 5500 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Dogecoin.
• Type of Wallet: Ledger is a secure cold wallet, keeping your crypto offline and safe from online threats.
• Size: I appreciate its compact design, which measures just 72mm x 18.6mm x 11.75mm.
• Material: Constructed with durable brushed stainless steel and plastic for longevity.
• Exchange Incorporated: Integrated exchange features for convenient trading and transactions.
• Battery: Equipped with a Lithium-ion 100mAh battery, offering up to 8 hours of extended use.
• Available Countries: Ledger wallets are delivered globally and accessible in all countries.
• Connectivity: Offers both Bluetooth and USB-C cable connections for versatile connectivity options.
• Blockchain Support: Specifically supports ERC20 tokens on the Ethereum blockchain.
• Certification Level: High-security assurance with CC EAL5+ certification.
• Customer Support: Provides comprehensive support with a knowledge base, live chat, and email support.

Visit Ledger >>

5) PrimeXBT

Best anonymous Bitcoin wallets

PrimeXBT, which commenced operations in 2019, is a multi-asset trading platform where you can trade cryptocurrencies and other assets. During my research, I found the great leverage options and the very competitive fees to be excellent.

Features:

• Coins Supported: PrimeXBT supports a diverse range of cryptocurrencies, including BTC, ETH, LTC, XMR, XRP, and EOS.
• Wallet Type: The platform utilizes a software wallet for secure digital asset storage.
• Available Countries: Accessible in multiple languages such as German, French, English, Italian, Spanish, Russian, Portuguese, and Japanese.
• Blockchain Support: I appreciate how this tool works seamlessly with major blockchains like BTC, EOS, ETH, LTC, and XRP.
• Customer Support: Provides customer assistance through live chat and email support for prompt resolution of issues.
• Mobile App: Offers mobile applications for both Android and iOS, along with a web-based platform.

Visit PrimeXBT >>

6) Trezor

Best Hardware Wallet

Trezor introduced in 2012 as a pioneer in the hardware wallet market, is a hardware Monero wallet that helps you store your Monero coins with ease. I could easily plug it into my computer or smartphone devices. The wallet randomly generates a PIN to keep my device safe and secure.

Features:

• Coins Supported: Supports over 1000 coins, including major ones like Bitcoin, Ethereum, Ripple, and HEX.
• Wallet Type: Functions as a cold wallet, ensuring offline storage of cryptocurrencies.
• Global Availability: Can be delivered to customers in all countries.
• Dimensions: Compact size measuring 64 mm x 39 mm x 10 mm.
• Connectivity:I found the USB-C connector for physical connection extremely handy.
• Certification: The devices are CE and RoHS-certified, ensuring quality and safety standards.
• Blockchain Support: Specifically supports ERC20 tokens.
• Customer Support: Accessible through email, a comprehensive Trezor wiki page, and a detailed FAQ section.
• Supported Platforms: Compatible with macOS, Windows, and Linux operating systems.
• Mobile App Compatibility: Offers an app specifically for Android users.

Visit Trezor >>

7) Monero GUI Wallet

Best for monero (XMR) currency

I explored the Monero GUI Wallet, an open-source and official desktop client that supports XMR wallets. Launched in 2014, it is established and trusted, with a solid history of serving the cryptocurrency community. It is one of the best XMR wallets and has a native interface that is great for beginners. In my opinion, this wallet offers an excellent user experience for newcomers.

Features:

• Supported Coins: Monero (XMR) – Exclusively designed for storing, sending, and receiving Monero, a privacy-focused cryptocurrency.
• Wallet Type: Software, Desktop – A digital wallet that is accessible via desktop software, ensuring secure transactions and storage on your personal computer.
• Customer Support: Community – Assistance and support provided through an active, user-driven community, offering help and advice for wallet-related queries.
• Available Platforms: With this tool being compatible with macOS, Windows, and Linux, I find it convenient to manage my XMR assets across all my devices, no matter which operating system I am using.

Link: https://www.getmonero.org/

How to Choose the Best Monero Wallet?

Choosing the right Monero wallet is crucial for securing your cryptocurrency. With many options available, it is important to consider several factors to make an informed decision. At Guru99, we are committed to providing accurate, relevant, and objective information. Our rigorous content creation and review process ensures reliable resources to guide you.

• Security: Pay attention to security features like two-factor authentication and encryption.
• Ease of Use: Choose a wallet with an interface that is easy to navigate. This helps you avoid mistakes.
• Compatibility: Make sure your wallet is compatible with your devices and operating systems.
• Backup Options: Consider wallets that offer robust backup solutions. This is great for recovery in case of loss.
• Community Support: Look for wallets with active community support. It might be helpful to solve any issues quickly.
• Transaction Fees: Pay attention to the transaction fees. Lower fees can save you money in the long run.
• Reputation: Opt for wallets with a good reputation in the crypto community. This ensures reliability and trust.
• Development Activity: It is important to choose a wallet with ongoing development. This keeps it updated and secure.
• Customer Support: One of the most effective ways to ensure help when needed is by choosing wallets with reliable customer support.

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 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 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.

Can you mine XMR?

Yes, you can mine monero. 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.

Verdict

Choosing the best Monero wallet is essential for ensuring the protection and usability of your cryptocurrency. My extensive evaluation can guide you towards the best tools available. Check my verdict on the ultimate options for managing Monero.

• Uphold is a top-rated wallet that offers a remarkable blend of security and user-friendliness, making it the greatest option for anyone looking to manage their Monero efficiently.
• Kraken is a superior choice for its reliable security measures and customizable features, making it an impressive tool for both novice and experienced users.
• Binance offers an amazing array of features and cost-effective solutions, positioning itself as a phenomenal option for secure and efficient Monero management.