Monero (XMR)
Hacker ApprovedThe most recommended of 5 cryptocurrencies
Recommended as the cryptocurrency that is private and fungible by default, with low fees and a principled community; critics cite crime use, few merchants and no smart contracts.
Recommended as the cryptocurrency that is private and fungible by default, with low fees and a principled community; critics cite crime use, few merchants and no smart contracts.
143 people gave an opinion
- recommend it
- 102
- criticize it
- 41
- approval share
- 71%
Recommended in 12 of 13 months
- November 2025: recommended
- December 2025: recommended
- January 2026: recommended
- February 2026: recommended
- March 2026: recommended
- April 2026: recommended
- May 2026: recommended
- June 2026: recommended
- July 2026: recommended
- August 2026: recommended
- September 2026: recommended
- October 2026: recommended
- November 2026: not recommended (month in progress)
Why it carries the badge
- 102 people recommend itNeeds 10 or more, met.
- 2.5 recommenders for every criticNeeds 2 to 1 or better, met.
- Recommended in 12 of 13 monthsNeeds 4 or more, met.
The same three rules apply to every product, and the badge can’t be bought. How the badge works
What people say about it
The reasons people give, with the number of comments that give each one. Open a reason to read what they said.
Why people recommend it
Each mark is one comment
Private and untraceable by default
“The world's highest ranking agencies and billion dollar companies like chanalysis cannot break it, which means it actually works”
Comment from 26 Dec 2025 in “Free Software Foundation receives historic private donations” “monero has been exactly that and much more for more than a decade with by default fungibility, privacy and anonymity”
Comment from 9 Jun 2026 in “The Cypherpunk Library” “one of the only (but probably the only) cryptos that has actually held true in terms of its principles of privacy”
Comment from 4 May 2026 in “How Monero's proof of work works” - Comment from 21 Apr 2026 in “Monero Community Crowdfunding System”
- Comment from 20 Apr 2026 in “Monero Community Crowdfunding System”
- Comment from 19 Dec 2025 in “I got hacked: My Hetzner server started mining Monero”
- Comment from 24 Aug 2026 in “Former OC actor Ben McKenzie on crusade to take down 'stupid' cryptocurrency”
- Comment from 2 Jun 2026 in “GrapheneOS Speech Services version 2 released”
Principled, competent community
“Monero is the only mainstream cryptocurrency that actually still lives up to the ethos of what Satoshi had in mind.”
Comment from 5 Feb 2026 in “Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win” “The thoughtful approaches it has consistently taken over many upgrades reflect a much greater level of competence”
Comment from 5 May 2026 in “How Monero's proof of work works” “Monero has consistently exceeded the rest of crypto in community, integrity to mission, and use-case.”
Comment from 20 Apr 2026 in “Monero Community Crowdfunding System” - Comment from 29 Nov 2025 in “How stealth addresses work in Monero”
- Comment from 3 Oct 2026 in “ICC judge on what U.S. sanctions mean for her and global courts”
Low fees, quick transfers
“A FOSS, private, uncensorable way to pay people instantly anywhere with effectively zero fees is not pointless.”
Comment from 7 Sep 2026 in “GrapheneOS Overhauled Default Apps and Secure Clipboard” “Monero transactions confirm more quickly, the first confirmation usually takes just two or three minutes.”
Comment from 21 Apr 2026 in “Monero Community Crowdfunding System” “Monero has ~1 cent transaction fee ime so negligible compared to a comparable speed transfer with banks.”
Comment from 28 Jul 2026 in “Donate to GrapheneOS” - Comment from 27 May 2026 in “Stripe is friendly to "friendly fraud"”
Fungible, no tainted coins
“Monero beats plaintext chain coins at uniformity, as BTC for example is non-fungible because there are tainted and non-tainted coins.”
Comment from 21 Apr 2026 in “Monero Community Crowdfunding System” “monero has been exactly that and much more for more than a decade with by default fungibility, privacy and anonymity”
Comment from 9 Jun 2026 in “The Cypherpunk Library”
What people warn about
Each mark is one comment
Enables scams and crime
“Monero is unwilling or unable to police itself, even as it does damage that dwarfs pretty much any other computing technology.”
Comment from 21 Apr 2026 in “Monero Community Crowdfunding System” “massive pig butchering operations that use slave labor trafficked across multiple countries to scam people”
Comment from 24 Jul 2026 in “Codeberg Bans Cryptocurrency Projects” “Monero and other cryptocrap so far produced Trump, enabled CSAM, enabled North Korea to bypass sanctions”
Comment from 23 Jul 2026 in “Codeberg Bans Cryptocurrency Projects” - Comment from 23 Jul 2026 in “Codeberg Bans Cryptocurrency Projects”
Weak real-world spending adoption
“How many services take Monero? It also does not solve your health insurance being taken away.”
Comment from 2 Oct 2026 in “ICC judge on what U.S. sanctions mean for her and global courts” “Monero fails in practice relatively worse than similar 'weight class' crypto currency assets at actually spending 'digital cash'”
Comment from 21 Apr 2026 in “Monero Community Crowdfunding System” “There is a pretty consistent survey of XMR performing weaker than similar class assets in spending at crypto accepting vendors.”
Comment from 21 Apr 2026 in “Monero Community Crowdfunding System” No smart contracts
“There's no smart contracts on Monero so it doesn't really solve problem of secure and verifiable work contracts between 2 people.”
Comment from 19 Jan 2026 in “Show HN: Kacet – a freelancer marketplace with crypto-native payments” “I don't think using Monero would be a good platform because it does not have smart any contract functionality.”
Comment from 19 Jan 2026 in “Show HN: Kacet – a freelancer marketplace with crypto-native payments” Mining costly and power-hungry
“It is definitely not worth purchasing additional equipment, with residential rates, just to mine monero”
Comment from 9 Sep 2026 in “Keep Our Servers Running” “I had hoped this would describe a system that did not use very large amounts of power. Sadly it does.”
Comment from 4 May 2026 in “How Monero's proof of work works”
Other cryptocurrencies people recommend
The four most recommended other cryptocurrencies, with the same counts for each, so you can compare like for like. The tick on each bar marks the 2 to 1 line the badge needs.
See all 5 cryptocurrencies, rankedWhat people said
40 of the 291 comments that mention it, newest first. Each links to the original comment.
“Monero is genuinely a really interesting, and frankly ideal as far as I can tell for my purposes, cryptocurrency.”
“Monero is probably the only coin that didn't get sucked into the post 2017 cryptobro mentality”
“How many services take Monero? It also does not solve your health insurance being taken away.”
“their strategy on that seems kinda dumb to me because it either does nothing or has a negative effect on the ecosystem”
“It is definitely not worth purchasing additional equipment, with residential rates, just to mine monero”
“A FOSS, private, uncensorable way to pay people instantly anywhere with effectively zero fees is not pointless.”
“It's great to have a bunch of different payment methods that can be as anonymous as cash (Monero)”
“You could do this mining-share method with Monero right now, it's just that you have higher transaction size in Monero”
“Monero has ~1 cent transaction fee ime so negligible compared to a comparable speed transfer with banks.”
“massive pig butchering operations that use slave labor trafficked across multiple countries to scam people”
“And by doing 100s of Monero transactions, you made a noticeable contribution to making the world worse.”
“Monero and other cryptocrap so far produced Trump, enabled CSAM, enabled North Korea to bypass sanctions”
“Monero is a bit more tricky to use, there is no concept of Lightning network, you still have to wait around 7 minutes for the transaction to settle.”
“monero has been exactly that and much more for more than a decade with by default fungibility, privacy and anonymity”
“once you have the Monero, it's untraceable and all anyone can know is that you bought Monero”
“The fees are not awful idk what you mean, I pay between 0.1% and 1% fees on Monero transactions.”
“it's not as easy to use as Monero, it's not as secure as Monero, and it's much more centralized than Monero”
“The thoughtful approaches it has consistently taken over many upgrades reflect a much greater level of competence”
“one of the only (but probably the only) cryptos that has actually held true in terms of its principles of privacy”
“I had hoped this would describe a system that did not use very large amounts of power. Sadly it does.”
“it's a currency you can use right now independently from the increasingly unstable-looking US dollar”
“solving the problem of how to transfer value trustlessly and anonymously, instantly anywhere in the world is one of the biggest breakthroughs since the Internet”
“Here is a list of hundreds of Non-profits that accept Monero, because people want to be able to donate, privately.”
“A private currency has to be private by default, with the option to share info on the transaction—that's Monero.”
“Monero transactions confirm more quickly, the first confirmation usually takes just two or three minutes.”
“Monero beats plaintext chain coins at uniformity, as BTC for example is non-fungible because there are tainted and non-tainted coins.”
“There is a pretty consistent survey of XMR performing weaker than similar class assets in spending at crypto accepting vendors.”
“Monero is unwilling or unable to police itself, even as it does damage that dwarfs pretty much any other computing technology.”
“Monero fails in practice relatively worse than similar 'weight class' crypto currency assets at actually spending 'digital cash'”
“Not bending down to the financial arm of warrantless global mass surveillance is a feature, not a bug.”
“Monero has consistently exceeded the rest of crypto in community, integrity to mission, and use-case.”
“Monero is the only mainstream cryptocurrency that actually still lives up to the ethos of what Satoshi had in mind.”
“There's no smart contracts on Monero so it doesn't really solve problem of secure and verifiable work contracts between 2 people.”
“I don't think using Monero would be a good platform because it does not have smart any contract functionality.”
“That's why Monero is superior; no amount of guns is going to help somebody steal property that they don't know you have.”
“The world's highest ranking agencies and billion dollar companies like chanalysis cannot break it, which means it actually works”
“its private by design and unless they tell you, nobody will ever know how much they use and for what”
“They made big efforts and changed algorithms several times to make and keep it GPU and ASIC resistant.”
“The benefits of a global, decentralized and truly private and free medium of value exchange would be massive to the average person”
“Monero has since many years been the only option worthy of truly being called a cryptocurrency.”
Counts come from 1,795,640 Hacker News comments, November 2025 to November 2026. How we count. Report a mistake.