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Monero (XMR)

Hacker Approved

The 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%
Each figure is one person. RecommendsCriticizes

Recommended in 12 of 13 months

  1. November 2025: recommended
  2. December 2025: recommended
  3. January 2026: recommended
  4. February 2026: recommended
  5. March 2026: recommended
  6. April 2026: recommended
  7. May 2026: recommended
  8. June 2026: recommended
  9. July 2026: recommended
  10. August 2026: recommended
  11. September 2026: recommended
  12. October 2026: recommended
  13. 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”
  • 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”
  • 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”
  • 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”
  • 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.

Monero (XMR) compared with 4 alternatives
ProductRecommendCriticizeApprovalMonthsOwnedBadge
Monero (XMR)This page1024171%12—Approved
Ethereum282256%12——
Zcash101442%7——
Solana7847%8——
Base50100%4——
See all 5 cryptocurrencies, ranked

What 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.”

RecommendsComment from 30 Oct 2026 in “The $6.3B Binance hack was pulled off in just 20 minutes”

“Monero is probably the only coin that didn't get sucked into the post 2017 cryptobro mentality”

RecommendsComment from 3 Oct 2026 in “ICC judge on what U.S. sanctions mean for her and global courts”

“How many services take Monero? It also does not solve your health insurance being taken away.”

MixedComment from 2 Oct 2026 in “ICC judge on what U.S. sanctions mean for her and global courts”

“their strategy on that seems kinda dumb to me because it either does nothing or has a negative effect on the ecosystem”

MixedComment from 14 Sep 2026 in “The Coming War on General Computation (2011)”

“It is definitely not worth purchasing additional equipment, with residential rates, just to mine monero”

MixedComment from 9 Sep 2026 in “Keep Our Servers Running”

“A FOSS, private, uncensorable way to pay people instantly anywhere with effectively zero fees is not pointless.”

RecommendsComment from 7 Sep 2026 in “GrapheneOS Overhauled Default Apps and Secure Clipboard”

“It's great to have a bunch of different payment methods that can be as anonymous as cash (Monero)”

RecommendsComment from 24 Aug 2026 in “Former OC actor Ben McKenzie on crusade to take down 'stupid' cryptocurrency”

“You could do this mining-share method with Monero right now, it's just that you have higher transaction size in Monero”

MixedComment from 8 Aug 2026 in “Gentoo bugzilla closed due AI bot scraper overload”

“Monero has ~1 cent transaction fee ime so negligible compared to a comparable speed transfer with banks.”

RecommendsComment from 28 Jul 2026 in “Donate to GrapheneOS”

“massive pig butchering operations that use slave labor trafficked across multiple countries to scam people”

CriticizesComment from 24 Jul 2026 in “Codeberg Bans Cryptocurrency Projects”

“And by doing 100s of Monero transactions, you made a noticeable contribution to making the world worse.”

CriticizesComment from 23 Jul 2026 in “Codeberg Bans Cryptocurrency Projects”

“Monero and other cryptocrap so far produced Trump, enabled CSAM, enabled North Korea to bypass sanctions”

CriticizesComment from 23 Jul 2026 in “Codeberg Bans Cryptocurrency Projects”

“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.”

MixedComment from 22 Jul 2026 in “OpenNode – Bitcoin Payment Processor”

“monero has been exactly that and much more for more than a decade with by default fungibility, privacy and anonymity”

RecommendsComment from 9 Jun 2026 in “The Cypherpunk Library”

“once you have the Monero, it's untraceable and all anyone can know is that you bought Monero”

RecommendsComment from 2 Jun 2026 in “GrapheneOS Speech Services version 2 released”

“The fees are not awful idk what you mean, I pay between 0.1% and 1% fees on Monero transactions.”

RecommendsComment from 27 May 2026 in “Stripe is friendly to "friendly fraud"”

“it's not as easy to use as Monero, it's not as secure as Monero, and it's much more centralized than Monero”

RecommendsComment from 11 May 2026 in “The Intolerable Hypocrisy of Cyberlibertarianism”

“The thoughtful approaches it has consistently taken over many upgrades reflect a much greater level of competence”

RecommendsComment from 5 May 2026 in “How Monero's proof of work works”

“one of the only (but probably the only) cryptos that has actually held true in terms of its principles of privacy”

RecommendsComment from 4 May 2026 in “How Monero's proof of work works”

“I had hoped this would describe a system that did not use very large amounts of power. Sadly it does.”

CriticizesComment from 4 May 2026 in “How Monero's proof of work works”

“it's a currency you can use right now independently from the increasingly unstable-looking US dollar”

RecommendsComment from 4 May 2026 in “How Monero's proof of work works”

“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”

RecommendsComment from 4 May 2026 in “How Monero's proof of work works”

“Here is a list of hundreds of Non-profits that accept Monero, because people want to be able to donate, privately.”

RecommendsComment from 22 Apr 2026 in “Monero Community Crowdfunding System”

“A private currency has to be private by default, with the option to share info on the transaction—that's Monero.”

RecommendsComment from 21 Apr 2026 in “Monero Community Crowdfunding System”

“Monero transactions confirm more quickly, the first confirmation usually takes just two or three minutes.”

RecommendsComment from 21 Apr 2026 in “Monero Community Crowdfunding System”

“Monero beats plaintext chain coins at uniformity, as BTC for example is non-fungible because there are tainted and non-tainted coins.”

MixedComment 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.”

CriticizesComment from 21 Apr 2026 in “Monero Community Crowdfunding System”

“Monero is unwilling or unable to police itself, even as it does damage that dwarfs pretty much any other computing technology.”

CriticizesComment from 21 Apr 2026 in “Monero Community Crowdfunding System”

“Monero fails in practice relatively worse than similar 'weight class' crypto currency assets at actually spending 'digital cash'”

CriticizesComment from 21 Apr 2026 in “Monero Community Crowdfunding System”

“Not bending down to the financial arm of warrantless global mass surveillance is a feature, not a bug.”

RecommendsComment from 20 Apr 2026 in “Monero Community Crowdfunding System”

“Monero has consistently exceeded the rest of crypto in community, integrity to mission, and use-case.”

RecommendsComment from 20 Apr 2026 in “Monero Community Crowdfunding System”

“Monero is the only mainstream cryptocurrency that actually still lives up to the ethos of what Satoshi had in mind.”

RecommendsComment from 5 Feb 2026 in “Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win”

“There's no smart contracts on Monero so it doesn't really solve problem of secure and verifiable work contracts between 2 people.”

MixedComment 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.”

CriticizesComment from 19 Jan 2026 in “Show HN: Kacet – a freelancer marketplace with crypto-native payments”

“That's why Monero is superior; no amount of guns is going to help somebody steal property that they don't know you have.”

RecommendsComment from 31 Dec 2025 in “Sabotaging Bitcoin”

“The world's highest ranking agencies and billion dollar companies like chanalysis cannot break it, which means it actually works”

RecommendsComment from 26 Dec 2025 in “Free Software Foundation receives historic private donations”

“its private by design and unless they tell you, nobody will ever know how much they use and for what”

RecommendsComment from 19 Dec 2025 in “I got hacked: My Hetzner server started mining Monero”

“They made big efforts and changed algorithms several times to make and keep it GPU and ASIC resistant.”

RecommendsComment from 18 Dec 2025 in “I got hacked: My Hetzner server started mining Monero”

“The benefits of a global, decentralized and truly private and free medium of value exchange would be massive to the average person”

RecommendsComment from 8 Dec 2025 in “I wasted years of my life in crypto”

“Monero has since many years been the only option worthy of truly being called a cryptocurrency.”

RecommendsComment from 29 Nov 2025 in “How stealth addresses work in Monero”

Counts come from 1,795,640 Hacker News comments, November 2025 to November 2026. How we count. Report a mistake.