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Monero (XMR) exchanges in Australia: buy, sell & swap

Monero (XMR) key market data:

  • type: Cryptocurrency
  • consensus: PoW
  • Privacy-focused
  • market cap: $2,969,964,563
  • market rank: #34
  • supply total: 18,444,108
  • supply available: 18,445,342
  • mineable
  • XMR/USD: $160.07 | XMR/AUD: 252.72

Monero is a Cryptocurrency, the network powered by PoW (consensus mechanism based on mining) algorithm. The original software was developed by thankful_for_today & Nicholas van Saberhagen and first released April 18th, 2014. The coin is Privacy-focused. The official Monero website is https://www.getmonero.org.

As of today, July 18th, 2024, out of totally available 18,444,108 XMR, 18,445,342 are in circulation. It's possible to mine moneros. The total market capitalization of monero is $2,969,964,563, the rank among other cryptocurrencies (based on the capitalization) is #34. The current rate of 1 XMR is $160.07 USD; converting to the national currency of Australia, the rate is 252.72 AUD for 1 XMR.

Monero's mission is to create a secure, privacy-focused and decentralized payment system. The privacy is achieved by obscuring the sender, receiver and the amount of every transfer made. Unlike most of the cryptocurrencies that are built as a fork of the Bitcoin (or Litecoin) software, Monero is based on the CryptoNote protocol, the key features of which are special algorithms related to blockchain obfuscation. The project started in 2014 and the privacy was further strengthened in 2017 by the adoption of Bitcoin Core developer Gregory Maxwell's algorithm Confidential Transactions, hiding the amounts being transacted.

There are also so-called "stealth addresses" generated for each transaction. It's impossible to discover the actual destination of the transaction by anyone else but the address owner. All these make Monero different from cryptocurrencies providing public access to the blockchain ledger, where addresses associated with some specific activity can be marked, the payments can be and traced and the addresses blacklisted by the network modes. Such features make XMR rather a popular payment system in the Darknet.

Monero is mined by the means of an accessible “Proof of Work” algorithm; it's rather easy to mine Monero on consumer-grade hardware (average laptops, office PCs, etc.), which makes it more difficult for someone to purchase a large amount of mining power. After the release of the JavaScript implementation of Monero miner Coinhive, the egalitarian mining process makes XMR mining a new way for the website operators to monetize the content. It was used by both the legitimate online publishers and hackers who embed the code to third party websites and/or were using this model without informing the visitors; as a result, the in-browser miners are blocked by many browser extensions, ad blockers, etc.

Top Monero exchanges

Monero is currently supported by 50% of exchanges (5 of 10) currently having active orders at ExchangeRates.Pro: 3 Exchange Brokers, 1 Trading Platforms, and 1 P2P Marketplaces have offers, allowing you to buy and sell XMR. Let's check and compare which of these exchanges will suit you the best, dear visitor!

Our choice: the best exchange for Monero in Australia

There are some worthy and undoubtedly good, trusted exchanges among the ones with XMR support. One of them, Kraken trading platform, is really special! Our visitors and the ranking algorithms came to this conclusion while comparing and reviewing the websites and apps exchanging Monero. The service is extraordinarily fine, very few of the rest 332 exchanges and 15 trading platform sites we compare could receive such kind words in the testimonials and so impressive numbers in the results. It's so good that we feel obliged to share our experience with you, dear guest! Let's mention the key fact and describe the most important features making Kraken an ideal trading platform for buying, selling and exchanging XMR in Australia:

Kraken website: the home page in English

KRAKEN is a Trading Platform; Payward, Inc. (dba Kraken) had started the project back in July 2011. The company is incorporated in the United States and headquartered in San Francisco. The official street address of Kraken is 237 Kearny Street Suite 102 San Francisco, CA 94108. The operational entity is a registered, regulated and licensed financial company. License granted by the FinCEN, the Firm is holding the Money Transmission license. FINCEN registration number 31000176593851. This is a highly trusted, undoubtedly a reputable, a long-standing, settled service. Trading Platform works with 34 cryptocurrencies and tokens: AAVE, ADA, BCHABC, BTC, BTT, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICP, ICX, KSM, LINK, LSK, LTC, MATIC, OMG, REP, SOL, SUSHI, TRX, TUSD, UNI, USDC, USDT, WBTC, XLM, XMR, XRP, ZEC, ZRX.

The customers are welcome to buy and sell coins and tokens with 7 national aka fiat currencies: AUD, CAD, CHF, EUR, GBP, JPY, USD. Totally 10 payment systems and banks are at your's disposal. Besides, we can swap the cryptos and tokens, converting one into another. Apart from the currencies conversion operations, kraken.com is offering some other services, that could be interesting for crypto-users, like Mobile wallet, OTC trading, Margin Trading, Futures Trading, Staking, MasterNodes, etc. (passive income opportunity). Impressive, right? The features that our users enjoy the most out of this wonderful platform:

  • It is an officially registered Money Service Business. The firm applied for and received all the required licenses, it's watched over by the regulators and is fully compliant with the laws
  • The website has being online and operational for years; it started up 12 years and 11 months ago
  • The platform allows deposits/withdrawals in 34 cryptocurrencies and 7 national ones. In total, you may choose from 10 online banks and payment systems. Crypto- and tokens- exchanging aside, some other services are rendered: Mobile wallet, OTC trading, Margin Trading, Futures Trading and Staking, MasterNodes, etc. (passive income opportunity)
  • The reviews from the users are very, very favorable and full of love, 100%, 3 out of 3 are very happy and pleased with their experience at Kraken. As per the details we got from the real clients:
    • Customer care is exemplary, the best
    • The speed of the payments processing is lightning fast, instant
    • The KYC process is always super-fast

Kraken currently provides 4 ways of purchase and sale Moneros in Australia with the national currencies and the most exciting news are that the payments in Australian Dollars are possible:

  • Any Local Bank, the local bank in AU. Will work absolutely for any domestic bank of Australia!
  • PayID, the local bank in AU. This time, only for purchasing.
  • Etana, a way to pay locally or internationally.
  • SWIFT Transfer, a payment system of international bank transfers type.

Sweet! Buying and selling with fiat aside, there are 26 cryptocoins and tokens exchangeable with XMR: AAVE, ADA, BCHABC, DAI, DASH, DOT, EOS, ETC, ETH, FIL, ICX, KSM, LINK, LTC, MATIC, OMG, SOL, TRX, UNI, USDC, USDT, WBTC, XLM, XMR, XRP, ZRX can be converted to Monero and vice versa any time you please.

Time to make a conclusion. Our platform of choice to exchange Monero is

Kraken, an absolutely secure, highly trusted trading platform, rated 100/100. Such scoring result is a great achievement indeed, only a few competing websites could get such a big rating! Let's break down why the kraken.com exchange managed to get such rating and what does this mean:
Time in the business: 12 years 11 months
Feedback count: 3
Reviews: 3 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant
Order Speed: instant
Support Quality: perfect
Verification Speed: instant
UI Usability: perfect

Overall Kraken score: 100 / 100

Top two XMR exchanges to buy/sell in Australia

Australia flag

Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap xmr with fiat (national) currencies. Here are the top two exchanges to buy and sell moneros in Australia:

  1. Kraken a Trading Platform established July, 2011. Transparent and legally compliant business with all the required business licenses and permissions. Clients are required to pass through the verification process to use the service. Great news! Kraken supports your local currency Australian Dollar; feel free to use any of these 4 banks and payment systems to buy and sell Monero domestically:
    • Any Local Bank (local banks). Can use for the purchasing and withdrawals likewise. The method of payment works for absolutely any domestic bank in Australia!
    • PayID (local banks). Only for coin purchases.
    • Etana. Can use for the purchasing and withdrawals likewise.
    • SWIFT Transfer (international bank transfers). Can use for the purchasing and withdrawals likewise.
    Amazing opportunity! | 3 reviews, 100% positive check out XMR/AUD @ Kraken!
  2. Changelly a Broker established December, 2013. Great news! Changelly supports your local currency Australian Dollar; feel free to use any of these 1 banks and payment systems to buy and sell Monero domestically:
    • Visa & Mastercard (credit/debit cards). Only for coin purchases.
    Nice! | 17 reviews, 100% positive check out XMR/AUD @ Changelly!

The rest of safe, fast, easy to use XMR exchanges worldwide

exchanges worldwide

Besides the abovelisted great exchanges, serving Australia and allowing domestic payments in Australian Dollar among other countries and currencies, there are also very good international ones among the websites exchanging moneros. Hence if you need AUD|XMR exchange, please use the top list above. In case you are looking for other ways to purchase or cash-out Monero using USD, etc. or swap it with various coins and tokens, feel free to check this selection of top three highest-ranked XMR exchanges from all around the world:

  1. AlfaCashier a Broker started business May, 2012. Unfortunately no fiat payments for your currencies this time, but feel free to swap XMR to/from 16+ coins and tokens. | 2 testimonials, 100% gave maximal rank
  2. Bitpapa a P2P Marketplace started business May, 2020.
  3. changeNOW a Broker started business September, 2017. Unfortunately no fiat payments for your currencies this time, but feel free to swap XMR to/from 38+ coins and tokens.

By the way, exchanges that accept AU, but don't allow fiat payments there are also in this list. So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell monero using the bank account or local payment system from there) or if you are looking for an exchange for someone else, this list will work great for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either

  • find the best ones yourself from all offers available at our comparison @ ExchangeRates.Pro.
  • ...or just explore the great websites listed above to find out which one you prefer!

Where to buy XMR

Are you looking for the best place to buy moneros? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell XMR, based on your location and preferences.

Where can you buy XMR in Australia

At this moment, there are 1 offers to buy Monero in Australia. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:

  • Paypal in AUD, although can be used in any currency: payments by e-wallet. Can be also paid from some other countries. Offered 1 times

Easiest, safest, fastest ways to buy xmr worldwide

We've compared a lot of offers to find the top ones; right now we have 32 ways for you to purchase monero available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay with Australian Dollar, the ones that will surely be good for the domestic currency are a little bit above. The top popular ways to purchase XMR crypto:

  • Paypal in USD from 232 countries. Actually it's a multi-currency option, you are supposed to pay by the e-wallet. A multi-country payment system. Suggested in 2 offers
  • NETELLER in USD from 202 countries: you are supposed to pay by the e-wallet. A multi-country payment system. Suggested in 1 offers
  • Razer Gold Gift Card in USD Actually it's a multi-currency option, you are supposed to pay by the Gift Cards. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 1 offers
  • MoneyGram in USD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 2 offers
  • Western Union in USD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 2 offers
  • Remitly in USD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 1 offers
  • RIA money transfer in USD you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 1 offers
  • MoneyGram in AUD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 1 offers
  • Western Union in AUD Actually it's a multi-currency option, you are supposed to pay by the Money Orders. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 1 offers
  • SWIFT Transfer in USD Actually it's a multi-currency option, you are supposed to pay by the International Bank Transfers. This way to send fiat money will work worldwide. Australia, etc. are covered. Suggested in 1 offers

Where to sell XMR

Even the greatest XMR HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell moneros to Australian Dollar and 152 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.

Easiest, safest, fastest ways to sell XMR worldwide

Sometimes you may need to transfer the money to another country. If you are holding XMR, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 26 options to out-exchange the xmr to fiat; the most frequently used banks, money transfer operators and global payment systems are:

  • Paypal in USD, can be also used with any of other currencies; to 232 countries: the funds will be sent by the e-wallet. Caution: there are higher risks related to accepting such payments at P2P marketplaces! Buyer may be able to reverse the payment after you send XMR! Suggested in 1 deals
  • Skrill in USD to any country in the world including Australia, etc: the funds will be sent by the e-wallet. You can transfer money wherever you need! Suggested in 1 deals
  • NETELLER in USD to 202 countries: the funds will be sent by the e-wallet. Suggested in 1 deals
  • Western Union in USD, can be also used with any of other currencies; to any country in the world including Australia, etc: the funds will be sent by the Money Orders. You can transfer money wherever you need! Suggested in 3 deals
  • MoneyGram in USD, can be also used with any of other currencies; to any country in the world including Australia, etc: the funds will be sent by the Money Orders. You can transfer money wherever you need! Suggested in 2 deals
  • SWIFT Transfer in USD, can be also used with any of other currencies; to any country in the world including Australia, etc: the funds will be sent by the International Bank Transfers. You can transfer money wherever you need! Suggested in 2 deals
  • Advanced Cash in USD to any country in the world including Australia, etc: a global payment method. You can transfer money wherever you need! Suggested in 5 deals
  • Payeer in USD to any country in the world including Australia, etc: a global payment method. You can transfer money wherever you need! Suggested in 3 deals
  • WebMoney in USD to any country in the world including Australia, etc: a global payment method. You can transfer money wherever you need! Suggested in 3 deals
  • Transferwise in USD to any country in the world including Australia, etc: a global payment method. You can transfer money wherever you need! Suggested in 2 deals

Where to swap XMR

Did you know that it's possible to exchange XMR to 49 other cryptocurrencies? It's possible to convert Monero to/from 98% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 189 swap possibilities with XMR and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap XMR with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first:

  • Bitcoin (BTC): that's a popular Cryptocurrency. There are 7 proposals (4 allow to convert from BTC to XMR and 3 that are converting in opposite direction.
  • Chainlink (LINK): that's a popular Token. There are 6 proposals (3 allow to convert from LINK to XMR and 3 that are converting in opposite direction.
  • Wrapped Bitcoin (WBTC): that's a popular Token. There are 6 proposals (3 allow to convert from WBTC to XMR and 3 that are converting in opposite direction.
  • MakerDAO (DAI): that's a popular Stablecoin. There are 6 proposals (3 allow to convert from DAI to XMR and 3 that are converting in opposite direction.
  • Litecoin (LTC): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from LTC to XMR and 3 that are converting in opposite direction.
  • Ripple (XRP): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from XMR to XRP and 3 that are converting in opposite direction.
  • Zcash (ZEC): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from XMR to ZEC and 3 that are converting in opposite direction.
  • TRON (TRX): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from TRX to XMR and 3 that are converting in opposite direction.
  • Polkadot (DOT): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from DOT to XMR and 3 that are converting in opposite direction.
  • Ether (ETH): that's a popular Cryptocurrency. There are 6 proposals (3 allow to convert from ETH to XMR and 3 that are converting in opposite direction.

Similar cryptocurrencies, that can overcome Monero:

Dash (DASH)

  • rank: #194
  • type: Cryptocurrency

Bitcoin SV (BSV)

  • rank: #88
  • type: Cryptocurrency

Zcash (ZEC)

  • rank: #151
  • type: Cryptocurrency

Bytecoin (BCN)

  • rank: #1905
  • type: Cryptocurrency

Verge (XVG)

  • rank: #504
  • type: Cryptocurrency