
Moneroxmr#12
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$604.00
7d Change
+0.17%
30d Change
+10.77%
24h High
$119.60
24h Low
$110.40
Price Chart
Trade Monero
Open an account on Binance to start trading
Affiliate disclosure: CoinHours may earn a commission if you sign up via this link, at no extra cost to you.
About Monero
Monero is a privacy-focused cryptocurrency launched in 2014 that uses ring signatures, stealth addresses, and confidential transactions to obscure sender, receiver, and amount. Privacy is enabled by default rather than as an opt-in feature. Monero is the largest privacy coin by market capitalisation and is widely used where transactional privacy is a priority. Its mandatory privacy-by-default model is its defining technical characteristic.
Primary use case: Private payments, fungible cash-like transfers
CoinHours Analysis
Mike Flaum Outlines Bullish MSTR Thesis for the Next Bitcoin Bull Run
Log Scale Investments CEO Sees Outsized MSTR Upside in Next Bitcoin Cycle Mike Flaum, CEO of Log Scale Investments, appeared on Bitcoin Magazine TV on October 30, 2026, to lay out his thesis on Strategy's capital structure, its preferred stock products, and his bullish view of the company's equity in a future Bitcoin bull run, framed as "massively" to the upside in the publication's headline, acc
Wall Street Firms Tell Clients to Buy Bitcoin Stocks After Binance Hack
Analysts Frame Record Binance Hack as a Buying Opportunity, Not a Reason to Flee Three Wall Street research shops told clients in Friday notes that the roughly $6.3 billion theft from Binance — the largest crypto hack ever recorded — is unlikely to derail the broader market's recovery, and that investors should consider the resulting selloff a buying opportunity rather than a reason to exit crypt
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance is working with the FBI and the U.S. Secret Service following a multibillion-dollar exchange hack, according to Reuters as reported by Decrypt . Stablecoin issuers moved quickly in the hours after the theft was identified: Circle froze approximately $823 million in USDC connected to the attack, while Tether CEO Paolo Ardoino said it froze more than 1.567 billion USDT in the statement embe
FutureBit Apollo Solo Miner Finds Bitcoin Block 973,262, Wins 3.154 BTC
FutureBit Apollo Solo Miner Finds Bitcoin Block 973,262, Wins 3.154 BTC A home-scale Bitcoin miner operating through FutureBit's Apollo Solo setup has found block 973,262, collecting the full block reward of 3.154 BTC plus transaction fees generated from 2,477 transactions, according to Bitcoin Magazine . The find, reported on October 29, 2026, was confirmed independently by multiple blockchain e
Understanding Monero Price Data
The Monero price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for Monero is calculated by multiplying the current price by the circulating supply — the number of XMR units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for Monero on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
Monero for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats Monero and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding XMR for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy Monero through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Monero protocol in plain English.
Monero FAQ
Is Monero legal to buy and hold in Australia?
Yes, Monero is legal to buy, hold, and trade in Australia. However, Australian investors must still comply with ATO tax reporting requirements for all cryptocurrency transactions, including those involving privacy coins. Some local exchanges may have delisted Monero due to compliance considerations.
How does Monero's privacy work differently from Bitcoin?
While Bitcoin transactions are publicly visible on its blockchain, Monero uses ring signatures, stealth addresses, and confidential transactions to hide the sender, receiver, and amount by default. This means Monero transactions cannot be easily traced or linked to specific users or wallet addresses.
Do I still need to pay tax on Monero transactions in Australia?
Yes, Australian tax obligations apply to all cryptocurrency transactions regardless of privacy features. The ATO requires investors to report capital gains, losses, and income from Monero transactions. The privacy features do not exempt investors from tax compliance responsibilities.
Can I mine Monero with regular computer hardware?
Yes, Monero uses the RandomX algorithm designed to be efficient on consumer CPUs and resistant to specialised ASIC mining hardware. This allows individuals to mine Monero using standard desktop computers, though profitability depends on electricity costs and hardware efficiency.
What happens if I lose my Monero wallet or send to wrong address?
Due to Monero's privacy features, lost funds or transactions sent to incorrect addresses cannot be traced or recovered through blockchain analysis. Users must carefully manage their private keys and wallet recovery phrases, as there is no way to reverse transactions or recover lost funds.
Frequently Asked Questions
How often is the Monero price updated?
CoinHours pulls live XMR pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the Monero price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying Monero legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store Monero on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.