Monero (XMR) is widely celebrated crypto for its privacy features—so discreet that it might make even a secret agent blush. But with this level of privacy comes the need for equally secure storage solutions.
This guide reviews the best Monero wallets of 2025, explaining how each one works and why it might be the right choice for you. Whether you’re looking for the top XMR wallets because you value security, or you need to know which are the best XMR wallets for everyday use, this article covers everything. Our goal is to provide clear, honest advice without unnecessary marketing, so you can confidently choose the best wallet to keep your Monero safe.
Best Monero Wallets: Summary
Monero (XMR) is a privacy-focused cryptocurrency that needs secure storage. This guide teaches you how to protect your Monero like a Swiss bank account using different wallet types. We explore crypto hardware wallets like Ledger Nano X and Trezor Model T for offline security. You can also use software wallets like the Monero GUI for full control, mobile wallets like Cake Wallet for everyday transactions, and multi-currency wallets to manage multiple assets. We have covered best practices, including enabling two-factor authentication, backing up your seed phrase, and keeping your software updated. We have also provided tips on buying Monero from trusted exchanges like MEXC, KuCoin, and Kraken. So, let’s get started.
Key Takeaways
- Monero (XMR) demands secure storage due to its privacy-first nature.
- Wallet options include hardware (Ledger Nano X and Trezor Model T), software (Monero GUI), mobile (Cake Wallet), and multi-currency choices.
- The top XMR wallets balance robust security, ease of use, and strong privacy protection.
- To keep your Monero secure, use two-factor authentication, back up your seed phrase, and update your software regularly.
- When buying Monero, choose trusted exchanges like MEXC, KuCoin, and Kraken.
- Since Monero prioritizes privacy, choose a wallet that supports stealth addresses, RingCT, and untraceable transactions while preventing metadata exposure.
Top Monero Wallets in 2025
Before we start, here’s a question for you – Why did the Monero transaction refuse to go to the party? Well, because it didn’t want to be tracked and traced! While Monero’s strong privacy features have made it immensely popular, its ecosystem is supported by a relatively small pool of wallets compared to other cryptocurrencies like Ethereum or Cardano. That’s why we’re excited to show you seven wallets that have really made a name for themselves as some of the best choices for keeping your Monero safe.
Looking to store more than just Monero? Best Wallet is one of the fastest growing wallets in the industry and has made our #1 pick in our Top Crypto Wallets article.
Monerujo Wallet: Best XMR Wallet for Beginners
Monerujo is a free and open-source mobile wallet designed exclusively for Monero (XMR). The mobile wallet is especially useful for Android users who want some of their XMR funds handy. Monerujo is known because of its safety and security features such as “Street Mode”, letting you hide your previous transactions. This feature is especially helpful if you’re using your wallet in public. Moreover, the platform is recommended by the Monero community itself, making it a reliable wallet.
By leveraging remote node synchronization, Monerujo eliminates the need to download the entire blockchain. It keeps storage and processing requirements minimal while ensuring secure access to the Monero network. Monerujo has partnered up with exolic.io and SideShift.io to make it easy for users to swap and exchange their cryptocurrency within the application interface.
How to Use Monerujo to Store Monero
- Download & Install: Monerujo is a mobile application and is not available on Desktop version yet. You can download Monerujo from the Google Play Store. You can also download it from F-Droid for enhanced privacy.
- Setup: Once you download the application, it is time to set it up. Launch the app and choose to create a new wallet. Monerujo also offers you an option to restore your old wallet, even if it is from any other wallet application. You need to follow the on-screen instructions to set a strong password and securely record your 25-word mnemonic seed phrase.
- Send and Receive XMR: After setting up your wallet or restoring the old wallet, you’re ready to receive and send your XMR. You can either use the populated wallet address or the QR code to receive XMR. Similarly, the platform provides you with an easy-to-use interface to easily send your XMR to other people.
- Swap Your Currencies: Besides XMR, the wallet also supports multiple other cryptocurrencies and stablecoins to swap with, such as BTC, LTC, ETH, and Dash. For example, if you want to send BTC to Alice, you won’t need to first convert your XMR in BTC using any other third-party crypto exchange. Monerujo has partnered up with SideShift.io. You can transfer your XMR from your wallet and Alice will receive an equivalent amount of Bitcoin in her wallet. SideShift makes it possible.
- Transfer Your Funds To Hardware Wallet: Monerujo provides a smooth interface to transfer your XMR to Ledger Nano S. If you have a large fund, it is crucial you keep your crypto safe in a hardware wallet such as Ledger. Generally, only the Desktop wallet provides a feature to integrate your hardware wallet with a software wallet. However, Monerujo became one of the first platforms to do so in the mobile crypto wallet as well.
Monerujo Wallet Features
- Monerujo syncs with remote nodes instead of downloading the entire blockchain, keeping it lightweight.
- It is open-source, with code on GitHub for transparency and trust.
- Street Mode hides balances and transactions in public for privacy.
- PocketChange breaks funds into smaller units for faster transactions.
- KYC-free swaps via Exolix.io allow anonymous Monero exchanges.
- Sidekick pairs with a companion device to store private keys offline.
- CeasarSeed adds an extra layer of security by supporting offset passphrases in addition to your mnemonic seed. This means that even if someone were to obtain your basic seed phrase, the additional passphrase (or “offset”) would be required to access your wallet, significantly reducing the risk of unauthorized recovery.
Monerujo Pros and Cons
Pros
- Fully open-source, ensuring transparency and trust.
- Lightweight design that minimizes resource use on mobile devices.
- Intuitive and user-friendly interface with easy navigation.
- Supports multiple wallet accounts for better fund management.
- Offers hardware wallet integration for enhanced security and direct Bitcoin payments.
Cons
- Exclusively available for Android, leaving out iOS users.
- Focused solely on Monero and lacking support for other cryptocurrencies.
- Sometimes, it may take a little longer to connect with the remote nodes, increasing the lag time.
- As a hot wallet, it remains potentially vulnerable to mobile-specific risks despite robust encryption.
MyMonero Wallet: Top Monero Wallet Offering Highest Security
MyMonero is another free and lightweight wallet designed specifically for Monero (XMR). The platform has been developed by a member of the Monero core team, making a trustable wallet to store Monero (XMR). It is an open-source wallet, which means all the codes of the platform are available to view on Github for free. This can help you assess the level of security in the wallet. Available as a web-based wallet, desktop application, and mobile app, MyMonero allows you to access and manage your XMR quickly without the need to download the entire blockchain. People consider it to be a sweet spot between security, convenience, and features.
Its client-server architecture speeds up synchronization while keeping your private keys stored locally on your device. This makes MyMonero an ideal choice for newcomers and experienced users alike who value simplicity, fast setup, and efficient management of their Monero funds.
How to Use MyMonero to Store XMR?
- Access & Installation: Visit MyMonero.com on your preferred browser or download the desktop/mobile app from the official site.
- Setup: Create a new wallet by choosing a strong password and securely recording your mnemonic seed phrase of 18 words. The intuitive setup process guides you step by step, ensuring you don’t miss any important security measures.
- Send and Receive XMR: Once set up, you can easily copy your wallet address or scan the QR code to receive Monero. Sending funds is just as simple—enter the recipient’s address and amount, and confirm the transaction.
- Backup & Recovery: MyMonero provides you with a mnemonic seed that is critical for restoring your wallet on any compatible device, ensuring continuous access to your funds.
- User Experience: Designed with simplicity in mind, the wallet’s clean interface makes it accessible across different devices, offering a hassle-free experience for managing your XMR.
MyMonero Wallet Features
- MyMonero is lightweight and fast, handling blockchain syncing on its servers so you can access your history instantly.
- You have full control over your funds, with your spend key stored securely on your device.
- A built-in rolodex organizes private addresses, payment IDs, and OpenAlias for easy fund management.
- Privacy is a priority, with encrypted local data and only the view key shared with servers.
- Built-in exchange support allows XMR to BTC swaps with more currency pairs coming soon.
- Available on Windows, Mac, Linux, Android, and iOS for seamless cross-platform access.
MyMonero Wallet Pros and Cons
Pros
- Fast and lightweight—no need to download the full blockchain.
- Cross-platform availability for flexible access.
- Easy to swap XMR to BTC with its built-in exchange.
- Intuitive and beginner-friendly interface with simplicity in mind.
- Optimized for efficiency, it minimizes battery, bandwidth, and storage consumption and is ideal for everyday use on mobile devices
- Private keys are stored locally, offering complete control over your funds.
- Reliable backup and recovery process with a mnemonic seed.
Cons
- Dependence on remote nodes can expose limited metadata compared to full-node solutions.
- The streamlined interface may lack advanced customization for power users.
- Some users might prefer a fully open-source solution throughout, as not all components are open.
Guarda Wallet: Non-Custodial Monero Wallet
Guarda Wallet is a free, multi-currency wallet that supports Monero (XMR) alongside more than 400,000 other cryptocurrencies across all leading protocols. The wallet also has the ability to integrate with over 50 blockchains, providing a smooth experience to its users. With a strong focus on non-custodial control and security, Guarda offers a versatile platform accessible on desktop, mobile, and web. It’s designed for users who want to manage diverse digital assets in one place while maintaining full control over their private keys. Guarda Wallet has been licensed by Estonian authorities, adding to its credibility. Moreover, the platform also supports hardware wallets for easy transfer of your XMR. Its integrated exchange enables users to convert their XMR seamlessly into any other popular currency.
How to Use Guarda Wallet to Store Monero?
- Download & Access: Visit Guarda.com to use the web wallet or download the desktop/mobile version that best fits your needs.
- Setup: Follow the guided setup process to create a new wallet. This includes choosing a strong password and securely recording your mnemonic seed phrase. Guarda ensures that your private keys remain stored locally on your device for maximum security.
- Send and Receive XMR: With its clean and intuitive interface, you can copy your wallet address or scan a QR code to receive Monero quickly or import XMR from another wallet. Sending funds is equally straightforward—just enter the recipient’s address and amount and confirm the transaction.
- Swap Your Currencies: Guarda features an integrated exchange that allows you to swap Monero with other cryptocurrencies directly within the app, eliminating the need to rely on external exchanges.
- Additional Options: For enhanced security, Guarda supports custom nodes and hardware wallet integration, providing advanced users with greater control over their network connections and asset safety.
Guarda Wallet Features
- Manage multiple cryptocurrencies, including Monero, in one interface.
- Your private keys are stored locally, giving you full control over your funds.
- Available on web, desktop, and mobile for seamless access anywhere.
- Swap Monero with other cryptocurrencies directly within the wallet.
- Choose from community-trusted nodes or add your own for better security.
- Integrates with hardware wallets for added protection of large funds.
- Features a user-friendly, modern design for easy navigation.
- Uses strong encryption and biometric authentication for security.
Guarda Wallet Pros and Cons
Pros
- Supports over 400k cryptocurrencies and 50+ cryptocurrencies for instant swap in mobile wallet.
- The non-custodial system ensures that your private keys are solely in your control.
- Cross-platform accessibility provides flexibility for managing your assets anywhere.
- Integrated exchange functionality makes swapping cryptocurrencies simple and efficient.
- Customizable options like custom nodes and hardware wallet integration add extra layers of security and control.
Cons
- The multi-currency focus may mean less specialization for users solely interested in Monero.
- The feature-rich interface might seem overwhelming for newcomers who prefer simplicity.
- Some advanced features require a bit of a learning curve, particularly for users new to crypto management.
Ledger Nano X: A Secure Hardware Wallet for XMR
When it comes to secure Monero wallets, nothing beats the offline security provided by hardware wallets. The Ledger Nano X is a mobile-friendly hardware wallet that offers exceptional security features, making it one of the top XMR wallets on the market. With bluetooth connectivity, you can easily use it with your smartphone or desktop. Ledger Nano X supports over 5,500 coins and tokens and offers a user-friendly display for managing your portfolio. Built with a certified secure chip and offline storage for your private keys, it keeps your crypto safe from online attacks, while features like customizable PIN protection and Ledger Recover add extra layers of security.
How to Store Monero on Ledger Nano X?
- Purchase & Setup: Buy your Ledger Nano X from an authorized retailer. When you first power on the device, set a 4-8 digit PIN and carefully write down and confirm your 24-word recovery phrase to ensure a secure backup.
- Download & Install: Download and install the Ledger Live app on your desktop or mobile device. Then, connect your Nano X via USB (for desktop) or bluetooth (for mobile) and follow the on-screen instructions to pair the device.
- Add Monero: Within Ledger Live’s Manager section, locate and add Monero (XMR) on your device.
- Add a Monero Account: Create a new Monero account in Ledger Live to begin managing your funds.
- Transfer Funds: Generate your unique Monero address using Ledger Live, then securely transfer your XMR to this address.
- Confirm Transactions: Always verify and approve transactions directly on the Ledger Nano X to ensure maximum security.
Ledger Nano X Features
- Connect via Bluetooth with smartphones and desktops for on-the-go management.
- Enjoy robust offline security that keeps your private keys isolated using a CC EAL5+ certified secure chip.
- Manage over 5,500 coins and tokens, offering wide multi-currency support.
- Access up to 100 apps per device for extended functionality.
- Use the user-friendly Ledger Live interface to simplify asset management across Windows, macOS, Linux, iOS, and Android.
- Set a customizable 4-8 digit PIN for added security.
- Restore wallet access with the optional Ledger Recover service if your device is lost.
- Choose from a range of stylish colors like Onyx Black, Sapphire Blue, Emerald Green, and more.
Ledger Nano X Pros and Cons
Pros
- Supports over 5,500 coins and tokens, including Monero.
- Bluetooth connectivity lets you manage your crypto on the go.
- Uses a CC EAL5+ certified secure chip for top-notch security and offline key storage.
- Works seamlessly with Ledger Live on both desktop and mobile.
- Attractive design available in multiple colors.
- Offers Ledger Recover for an extra layer of wallet recovery support.
Cons
- The setup process can be cumbersome, with a mandatory seed phrase confirmation.
- Bluetooth pairing can be buggy, causing occasional delays in transaction approvals.
- The mobile experience may feel less intuitive compared to the desktop version.
- Priced higher than some other models, like the Nano S Plus.
Trezor Model T: Advanced Security for Storing Monero
The Trezor Model T stands out as one of the secure Monero wallets available today, offering advanced protection with a user-friendly, color touchscreen interface. Unlike its predecessor, the original Trezor One (which does not support Monero), the Model T is designed to work with Monero, along with many other cryptocurrencies, making it one of the best wallets for XMR and an excellent choice for those who value both security and versatility. Designed with open-source principles and innovative backup solutions like Shamir Backup, the Model T supports thousands of coins and tokens and integrates seamlessly with the Trezor Suite app for managing, sending, receiving, trading, and staking your cryptocurrencies.
How to Store Monero on Trezor Model T?
Storing Monero on the Trezor Model T is equally secure and straightforward:
- Prepare Your Device: Purchase your Trezor Model T only from the official Trezor Shop to avoid the risk of tampered devices.
Ensure your device is running the latest firmware to benefit from the most recent security updates. - Set Up Third-Party Wallet Integration: Download and install an official Monero client, like the Monero GUI Wallet, to manage your Monero. Next, connect your Trezor Model T to your computer and follow the on-screen instructions to create a new wallet from your hardware device. If you’ve used your Trezor before, choose the restore option and enter the correct restore height (for example, 1692975) to recover your wallet.
- Sign Transactions Securely: Once your wallet is set up, you can view your transaction history and sign your transactions directly on your Trezor device. This ensures that your private keys remain secure on the hardware wallet while you interact with the blockchain via the third-party app.
- Transfer: Now you can transfer Monero from your online exchange or any other wallet to Trezor Model T wallet. It is important to secure your recovery seed in a safe, offline location to avoid any losses in the future.
Trezor Model T Features
- The Trezor Model T features an intuitive 1.54-inch color touchscreen for easy navigation and on-device transaction confirmation.
- It supports thousands of coins and tokens, offering the flexibility to manage diverse digital assets securely.
- It follows robust security protocols, akin to Monero’s cold-wallet signing process, ensuring efficient and secure transactions.
- The model works smoothly with third-party applications like Monero GUI and Monero CLI, even though native support in Trezor Suite isn’t available for Monero.
- It offers fast, secure USB-C connectivity and confirms transactions directly on the device so that your private keys never leave the wallet.
- It features PIN and passphrase protection with secure on-device entry.
- Built on an open-source security framework, it also boasts a durable design made from high-quality PC/ABS thermoplastic casing.
Trezor Model T Pros and Cons
Pros
- Clear, color touchscreen makes it easy to use.
- Supports over 8,000 coins and tokens.
- Keeps private keys offline for strong security.
- Offers advanced backups, including Shamir Backup.
- Tough, tamper-resistant design with a holographic seal.
- Works well with Trezor Suite for asset management.
- Open-source design builds trust.
Cons
- More expensive than some other hardware wallets.
- Not as cost-effective as the Trezor Safe 3 for Monero users.
- Needs third-party wallets for Monero support.
- Setup can be complex for beginners.
- The touchscreen is small and sometimes hard to use.
- Larger and lacks a secure element chip compared to newer models.
Monero GUI Wallet: The Official Wallet for XMR
The Monero GUI Wallet is the official, highly technical wallet designed exclusively for Monero. Available for Windows, macOS, and Linux, this non-custodial hot wallet gives you full control of your Monero funds. However, it comes with the need to download the entire blockchain, which makes it a more advanced option suited for users who prioritize security and full node functionality.
How to Store XMR on Monero GUI Wallet
- Download the Wallet: Visit the official Monero website, choose the right version for your operating system, and download the Monero GUI Wallet installer.
- Install & Configure: Run the installer on your computer and follow the setup wizard to configure basic settings and preferences.
- Sync with the Blockchain: Allow the wallet to connect and sync with the Monero blockchain; note that downloading the full blockchain may take several hours.
- Create a Wallet: Generate a new wallet and carefully write down your unique 25-word seed phrase on paper or a secure offline device—this is crucial for wallet recovery.
- Receive XMR: Use the wallet’s address generator to create a unique Monero address for receiving funds, and double-check the address before sharing it.
Monero GUI Wallet Features
- Offers simple mode for quick transactions with automatic remote node connection and advanced mode for full wallet control.
- Provides in-app fiat conversion to view the value of your XMR without leaving the wallet.
- Supports blockchain pruning to reduce storage needs by downloading only about one-third of the full blockchain if necessary.
- Compatible with popular hardware wallets like Trezor and Ledger for added security.
- Available in 30+ languages and in multiple formats.
- Developed and regularly updated by the Monero community for official support.
- Offers full node capabilities for complete control over transactions.
- Enhances privacy by maintaining Monero’s core privacy features without compromise.
- Features a customizable interface that allows users to tweak settings to their personal preferences.
Monero GUI Wallet Pros and Cons
Pros
- Free, open-source, and backed by the Monero community.
- Offers both simple mode for beginners and advanced mode for experts.
- In-app fiat conversion for quick price checks.
- Supports blockchain pruning to save storage.
- Compatible with hardware wallets for extra security.
- Runs on Windows, macOS, Linux, and in 30+ languages.
- Provides full control over transactions with regular updates.
Cons
- Requires downloading about 60 GB of blockchain unless using a remote node.
- No mobile version.
- Only supports Monero, with no multi-chain support.
- Blockchain syncing can be slow.
- Lacks some advanced features of third-party wallets.
- Demands significant storage space.
Cake Wallet: A User-Friendly Mobile Wallet for Monero
Cake Wallet is an open-source, non-custodial cryptocurrency wallet that enables direct management of digital assets without reliance on third-party intermediaries. It implements a trustless architecture, allowing users to securely store, send, and receive cryptocurrencies while maintaining exclusive control over their private keys.
The software supports a range of digital currencies—including Bitcoin, Ethereum, Monero, Litecoin, and others—and incorporates advanced functionalities such as multi-wallet management, subaddress support, and configurable account structures. Additionally, it offers flexible backup solutions (both local and cloud-based) and allows users to connect to remote nodes or deploy their own.
How to Store Monero on Cake Wallet?
Cake Wallet is available across multiple platforms, here’s how you can easily store Monero:
- Download & Install: Visit the App Store or Google Play to download Cake Wallet. Android users can also find it on F-Droid or as an APK. For a desktop experience, try the Linux or macOS (Beta) versions, or use the Windows (Beta) release.
- Set Up Your Wallet: Launch the app and follow the intuitive onboarding process to create your wallet. During setup, you’ll be prompted to generate a seed phrase. Write it down and store it securely.
Choose your preferred backup method—either local or cloud-based—to ensure your wallet can be recovered if needed. - Manage Your Monero: With your wallet created, enjoy full non-custodial control over your Monero (XMR) and other supported assets. Use the built-in features to send, receive, and exchange cryptocurrencies directly within the app. Supported assets include BTC, ETH, LTC, BCH, and more.
Cake Wallet Features
- Control your digital assets directly without intermediaries.
- Manage multiple wallets, sub-addresses, and accounts.
- Connect to your own or remote nodes for enhanced control.
- Swap Monero and other cryptocurrencies within the app.
- Access transparent, open-source code on GitHub.
- Enjoy cross-platform support on iOS, Android, macOS, Linux (Beta), and Windows (Beta).
- Secure your wallets with local or cloud backups.
- Trade crypto with fiat currencies.
- Use a dedicated version for secure Monero management.
Cake Wallet Pros and Cons
Pros
- Extremely user-friendly for both beginners and advanced users.
- Non-custodial control ensures you own your private keys.
- Built-in exchange simplifies swapping cryptocurrencies without limits.
- Open-source transparency enhances trust.
- Cross-platform availability for a seamless experience across devices.
Cons
- Desktop versions are still in beta for some platforms.
- Limited support for altcoins beyond major cryptocurrencies.
- Some advanced features may have a learning curve.
- Additional measures may be needed to secure seed phrase backups.
What are Monero Wallets?
Before we wrap up the wallet reviews, it’s important to understand what Monero wallets are and why selecting the right one is essential. Monero wallets are like your own personal vault for storing digital coins—specifically, Monero (XMR). These wallets, either software or hardware, keep your private keys safe, and those keys are pretty much your password to access your funds. Since privacy is a big deal with Monero, the wallets are extra secure to make sure nobody can track your transactions or find out how much you’re holding. It’s like putting your XMR in a safe no one else can crack, even if they try.
If you aren’t very well familiar with this privacy-focused coin and you want to know more about XMR, check out our beginners’ guide on ‘What is Monero?‘
Types of Monero Wallets
There are several types of wallets available for storing Monero:
- Hardware Wallets: Physical devices that keep your private keys offline, offering top-notch security. Examples include Ledger Nano X and Trezor Model T. They’re ideal for long-term storage but come with a price.
- Software Wallets: Desktop applications like the Monero GUI Wallet give you full control with advanced features such as full-node functionality. They offer robust security if your computer is well-maintained, though they require more technical know-how.
- Mobile Wallets: Apps such as Cake Wallet let you manage your Monero on the go. They’re user-friendly and convenient for daily transactions, but might be slightly less secure than hardware wallets.
- Web Wallets: Browser-based wallets like MyMonero extension allows quick access without needing a full client installation. They are very accessible but can be less secure because your keys may be stored online.
- Multicurrency Wallets: Wallets like Exodus support Monero along with a variety of other cryptocurrencies, providing a unified interface for asset management. They’re great for managing a diverse portfolio, although they might not offer the specialized features found in dedicated Monero wallets.
How to Choose the Right Monero Wallet?
Choosing the right Monero wallet depends on your specific needs, whether it’s security, privacy, ease of use, or compatibility. Here are key factors to consider:
Security Features
- Encryption & Backup: Ensure the wallet uses strong encryption methods to protect your funds. A reliable wallet should also provide a secure backup process using seed phrases, allowing you to recover your wallet if needed.
- Hardware vs. Software: If you hold large amounts of Monero, a hardware wallet (e.g., Ledger Nano X, Trezor Model T) is a safer option as it keeps your private keys offline. On the other hand, software wallets (e.g., Monero GUI, Cake Wallet) are more suitable for frequent transactions.
- Two-Factor Authentication (2FA): While most non-custodial wallets don’t support 2FA due to full user control, some exchange-linked wallets or web-based solutions like MyMonero may provide additional security layers.
Privacy Protection
- Anonymity: Since Monero is designed for privacy, ensure the wallet supports stealth addresses, RingCT, and untraceable transactions without exposing metadata.
- Open-Source Code: Open-source wallets (e.g., Cake Wallet, Monero GUI) allow independent audits, ensuring transparency and reducing the risk of hidden vulnerabilities.
- No KYC Requirements: Unlike exchange wallets, most Monero wallets do not require Know Your Customer (KYC) verification, preserving financial anonymity.
User-Friendliness
- Interface Design: If you’re new to crypto, choose a wallet with an intuitive UI. Exchange wallets could provide a simple interfaces compared to full-node wallets like Monero GUI.
- Customer Support: Some wallets provide excellent customer support, such as Exodus, which has a dedicated help team, while open-source wallets often rely on community forums.
- Ease of Navigation: Web wallets require minimal setup, whereas full-node wallets need additional configuration and more storage space. Choose according to your requirements.
Compatibility
- Platform Support: Ensure the wallet works on your preferred device:
>Hardware wallets: Ledger, Trezor
>Desktop wallets: Monero GUI (Windows, macOS, Linux)
>Mobile wallets: Cake Wallet (iOS, Android)
>Web wallets: MyMonero (browser-based) - Multi-currency Support: If you hold multiple cryptocurrencies, wallets like Exodus and Cake Wallet let you manage XMR alongside Bitcoin, Ethereum, and others in one interface.
Community Trust & Support
- Developer Reputation: Trust wallets that are actively maintained by reputable developers (e.g., Monero Core Team, Cake Labs).
- User Reviews: Check Reddit, Monero forums, or Trustpilot for real-world feedback on security, ease of use, and reliability.
- Regular Updates: Security updates and new features show a commitment to long-term security. Avoid wallets that haven’t been updated in a long time.
By considering these factors, you can confidently choose one of the top XMR wallets that aligns with your risk tolerance and usage patterns.
Where to Buy Monero?
Now that you’ve secured the perfect hideout for your XMR, the next step is actually getting some Monero in your wallet. Fortunately, several reputable exchanges make it easy to acquire XMR without leaving a trace. Below, we break down two of the best platforms for buying Monero.
MEXC
MEXC is a global cryptocurrency exchange known for its deep liquidity, wide selection of altcoins, and competitive trading fees. Since its launch in 2018, it has grown to support millions of users across 170+ countries. One of MEXC’s standout features is its zero-fee spot trading for makers and a low taker fees, making it a cost-effective platform for frequent traders. It also supports advanced trading features like futures with up to 200x leverage, margin trading, and copy trading, allowing users to follow experienced traders.
When it comes to buying Monero (XMR), MEXC offers a simple and efficient process. However, it is important to note that MEXC does not support fiat deposits in all regions, so users may need to first acquire USDT or another cryptocurrency before exchanging it for XMR. U.S. users will also face restrictions on this platform.
KuCoin
KuCoin is a popular crypto exchange with low trading fees (starting at 0.1%) and deep liquidity. It offers spot, margin (10x), and futures trading (100x), plus features like staking, lending, and trading bots for passive income. With a user-friendly interface, strong security, and early access to new altcoins, KuCoin is a great choice for buying Monero (XMR) and other assets. The only drawback remains region-specific regulatory restrictions.
If you want to know more about the best XMR exchanges, check out our comprehensive guide on ‘Where and How to Buy Monero (XMR) in 2025‘
Tips for Storing Your Monero Safely
Locking down your Monero is just as crucial as picking the right vault for your treasure. After all, what’s the point of a privacy coin if you leave the door wide open? Here are some must-know tips to keep your XMR safe and sound:
Enable Strong Passwords & 2FA
A weak password is like a flimsy lock. Use a mix of letters, numbers, and symbols to keep it strong. Adding Two-Factor Authentication (2FA) makes it even harder for hackers to break in, like adding a second lock on your door.
Backup Your Wallet & Seed Phrase
Losing your seed phrase means losing your Monero forever. Write it down on paper and keep it safe. Store copies in different secure places so you’re not left stranded if one backup gets lost or damaged.
Keep Software Up-to-Date
Using an outdated wallet is like using a rusty lock—it won’t keep the thieves out for long. Similarly, outdated software is an open door for hackers. Update your wallet regularly to fix security flaws. Choose wallets that go through security checks to stay safe from new threats.
Avoid Storing on Exchanges
Well, leaving your Monero on an exchange is like leaving your wallet at a coffee shop. Someone might walk away with it. Considering exchanges can shut down or get hacked, leaving your funds there has risks. Something that we have witnessed with exchanges like FTX (yikes!). Always move your Monero to a personal wallet. For better safety, use cold storage like hardware wallets instead of leaving funds online.
Conclusion: Best Monero Wallets
Monero’s privacy is so strong, even Sherlock Holmes would give up trying to track your transactions. But that same anonymity also means users must take extra precautions to protect their funds. Choosing the right wallet is the first step. Hardware wallets like Ledger Nano X and Trezor Model T store private keys offline, keeping them safe from hacks and making them ideal for long-term holdings. Software wallets, such as the Monero GUI Wallet, provide full control over transactions and are well-suited for those comfortable managing their own security. Mobile wallets like Cake Wallet offer convenience for everyday transactions but may require additional security measures. Multi-currency wallets, such as Exodus, allow users to manage Monero alongside other assets but may not always provide the same level of privacy as Monero-specific wallets.
Regardless of which wallet you choose, following best security practices is crucial. For instance, if someone tells you to store Monero on an exchange, they probably also think writing passwords on sticky notes is a good idea. For maximum security, cold storage options like hardware wallets or offline backups should be used for long-term holdings. Using strong passwords and enabling two-factor authentication helps prevent unauthorized access. Backing up your seed phrase and storing it in multiple secure locations ensures you can recover your funds if needed. Privacy-focused cryptocurrencies like Monero offer strong protection, but that security is only as effective as the precautions taken by the user.
See Also:
- Best Web3 Wallets in 2025
- Top 10 Best Bitcoin & Crypto Wallets March 2025
- Best NFT Wallets in 2025 for Safe and Easy Storage
Frequently Asked Questions
Are hardware wallets better for storing Monero?
Can I store Monero on a mobile wallet?
Is the official Monero wallet safe to use?
Do Monero wallets support other cryptocurrencies?
Can I recover my Monero if I lose my wallet?
Which wallet is best for Monero?
What is the best way to store Monero?
Can I store XMR on Ledger?
Does Monero have its own wallet?
How secure is a Monero wallet?
References
- “Support Article 360018784134-zd.” Ledger Support, Ledger, https://support.ledger.com/article/360018784134-zd.
- “Monero (XMR) Wallet.” Trezor, https://trezor.io/coins/wallet/monero
- “Monero (XMR) on Trezor: Safe 5, Trezor Safe 3, and Trezor Model T.” Trezor, https://trezor.io/learn/a/monero-xmr-on-trezor-safe-5-trezor-safe-3-and-trezor-model-t.
- StealthEX. “Best Monero Wallets.” StealthEX Blog, 22 Jan. 2024, https://stealthex.io/blog/best-monero-wallets/.
- Coin Bureau. “Best Monero Wallets: Top XMR Wallets for Security & Privacy.” Coin Bureau, 17 Nov. 2023, https://coinbureau.com/analysis/best-monero-wallets/.
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