XMR Wallet Review: Features, Pros and Cons You Should Know

Published: December 8, 2023 | Last Updated: November 4, 2023

Markos Koemtzopoulos

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

For this review, I tested using XMR Wallet and I will share with you what I think of it. I will highlight the main features and tell you the pros and cons of using it. 

Let’s dive in.

Overall rating: 2/5

XMR wallet is an excellent no-frills wallet for storing, receiving, and sending Monero. The wallet is open-source and privacy-focused. Its main drawbacks are that it’s only available on the web, it’s not as secure as a hardware wallet and it does not support multiple cryptocurrencies. My overall verdict is that XMR Wallet is a good option if you need a wallet for small amounts of Monero and are happy to use a web-based interface. Consider exploring other crypto wallets if you are looking for a more comprehensive solution.


  • Open source means that more eyes are on the code
  • Free to use
  • You don’t need to provide any personal details. Not even an email address.
  • Your keys are encrypted locally on your device so no one else is able to access your wallet
  • The no-frills UI makes it easy to use
  • Uses subaddresses which means no one will ever know your public blockchain address
  • Does not collect cookies and other data


  • Only supports XMR
  • Uses a remote node which exposes you to the risk of a malicious node collecting some (limited) private info such as IP addresses
  • If you lose your seed phrase there is no recovery option
  • You can only log in with your 25-word seed phrases which is tedious
  • Not available as an app which means you have to visit the website every time
  • No way to participate in DeFi via a web extension
  • You can’t buy XMR directly within the wallet
  • It’s not compatible with your Ledger or Trezor device.
xmr wallet review

What is an XMR Wallet?

XMRWallet.com is a  web-based lightweight Monero wallet that anyone can use to store their XMR.

Wait what do you mean by lightweight?

A light wallet does not download a full node. Instead, it connects to a remote note that has a copy of the blockchain on it.

The wallet is self custodial and you do not need to KYC to set it up.

XMRWallet.com was developed by Nathalie Roy in 2014.


  • Web wallet
  • Only available to store Monero Coin
  • Multiple languages: Lojban, Esperanto, Spanish, German, French, Italian, Dutch, Chinese Simplified, Russian, Portuguese, Japanese
  • Open source
  • The wallet charges no fees
  • Tor compatible


#1. Open Source

The open-source nature of the XMR wallet emphasizes transparency and security. With its source code accessible to the public, any interested party can review and audit the wallet’s code for vulnerabilities. This encourages the Monero community to actively contribute to the wallet’s development while reducing the risk of hidden backdoors or malicious code.

The fact that XMRwallet is open source also aligns with Monero’s core principles of privacy and financial sovereignty, reinforcing the belief that users should have complete control over their digital assets.

#2. It’s free

When you send or receive Monero to your waller the only fees you need to account for are the transaction fees you pay to the Monero Network. There are no additional hidden fees otherwise. 

#3. No KYC

When you set up your wallet you won’t be asked to provide any personal information. All you will be required to do is to note down your seed phrase somewhere safe, preferably offline, and you are good to go.

#4. Security

When you create your seed your private keys are stored locally on your device. This means no one else is able to see it or use it. 

#5. Simple UI

The no-frills user interface makes it very easy to understand what is going on.

After you note down your seed phrase you will be taken to a screen that shows you your wallet address and transaction history. You start using the wallet to send or receive XMR.

On the receive tab, you can scan the QR code plus you can use subaddresses if you don’t want to share your main address.

What are subaddresses?

Subaddresses are a feature of the Monero network and are linked to your main public address. The benefit of using them is that no one will be able to know your main address (public key). 

#6. Privacy-preserving

The wallet does not collect cookies or other user behavioral or private data.

In addition, XMR Wallet is TOR compatible meaning you can use a TOR address on the deep web to use the wallet and preserve your anonymity.


#1. Only supports Monero cryptocurrency

XMRWallet.com only supports Monero Coin (XMR). If you wish to use other cryptocurrencies you are better off choosing a multicurrency wallet such as Cake Wallet, Exodus Wallet, or Zelcore. Check out my review of the best Monero wallets for more on these.

#2. Remote node

Using a remote node exposes you to the risk of some personal information being exposed such as your IP addresses.

For 100% private transactions consider downloading a full node via the Monero GUI wallet. A full node will download the entire blockchain to your device (>90GB) but this way you have complete control.

Using a remote note also means that you will need to wait a few seconds for transactions to sync before being able to use the wallet. Some users on Reddit complain about waiting for a long time for transactions to sync on their wallets.

#3. You are responsible for your seed

Having your own seed phrase is both good and bad.

It’s good because no one else has access to it. It’s bad because should you lose it no one can recover it for you.

You also need to make sure you are navigating to the official website and there its not a copycat with slight spelling variations trying to steal your phrase.

#4. Only log in with a seed phrase

After you leave the XMRWallet.com site you will need to reenter your seed to log back in. This can be tedious especially when you have taken the right precautions and written your seed phrase on a piece of paper. 

#5. Not available across devices

XMRWallet is not available as an app on Android and iOS mobile devices. You will only be able to use the web-based version. 

#6. No extension

Since XMR wallet does not have a browser extension this means you cannot use the wallet on DeFi platforms. 

#7. Not fiat on ramps

More mainstream cryptocurrency wallets will integrate with third parties to allow you to buy crypto coins and tokens directly using fiat money from within the wallet. Monero users will need to purchase their XMR on another platform before transferring it to XMR Wallet. 

#8. Not hardware compatible

XMR Wallet does not integrate with hardware wallets such as Trezor Model T, Ledger Nano X, or Ledger Nano S. If you plan on storing large amounts of Monero you are safer using a cold wallet. Cold wallets are safer than hot wallets because they are not connected to the internet. Online wallets like XMR Wallet are always going to be a bit more susceptible to attack so it is best not to store your life’s savings on them. 

How to use XMRWallet

1. Navigate to XMRWallet.com and click on Create XRM wallet

xmr wallet hompage

2. Read the welcome instructions and dismiss the prompt

XMR wallet set up instructions

3. Copy down your seed phrase somewhere safe. You also have the option to print it out. 

copy seed phrase

4. Type it out into the field that says Confirm your seed. You should do this manually to make sure you have copied your seed correctly. 

5. In the next screen you will see the wallet syncing with the remote node. This may take a few seconds. 

6. Now you can use your wallet to send or receive XMR coins. 

XMR wallet account view

7. To receive Monero coins click on receive and copy the address or scan the QR code. You can then go to wherever you buy Monero. For example, navigate to your favorite cryptocurrency exchange and buy Monero. Next, click on send and paste the address you copied into the send field. 

8. To send Monero currency just paste the send address and hit send. 

Useful Resources


Is XMR Wallet legit?

XMR Wallet is an open source wallet web-based wallet for storing, sending and receiving Monero. It's source code is publicly available and it receives good feedback from the Monero community on Reddit.

Is XMR traceable?

No XMR is a privacy-preserving untraceable cryptocurrency. By using Monero no one will be able to know where the XMR came from or where it went.

What is the best wallet to store Monero funds?

According to ElementalCrypto research the following wallets are recommended: Monero GUI wallet, CLI wallet, feather wallet, Edge wallet, Mymonero, Monerujo, Cake Wallet, Exodus Wallet, Guarda and Zelcore. For large crypto holdings consider purchasing a Trezor or Ledger hardware device.

How do I withdraw from XMR?

To convert XMR to cash you have 3 options. 1) Send your XMR to a centralized exchange such as Coinbase or Kraken and sell your Monero to cash out to your bank account or card. 2) Send your Monero to a wallet with fiat offramps such as Guarda, Exodus or Zelcore 3) Use a wallet such as Guarda that has a prepaid visa card to spend your XMR. Watch out for the hefty fees though.

Can I store XMR on Ledger?

Yes the following wallets are Ledger enabled and can store XMR: Guarda, Zelcore, Monero GUI wallet, Monerujo, Feather

Can you send XMR to Bitcoin wallet?

No if you send XMR to a Bitcoin address then you will lose your XMR. A monero address consists of 95 characters and starts with a '4' or an '8'. Make sure the address you are sending your XMR to is a Monero address. Bitcoin and Monero sit on different blockchains and are not compatible with each other.

Where can I convert XMR to BTC?

To convert XMR to BTC you have two options. The first is to move you Monero to a cryptocurrency exchange and trade it for Bitcoin. The other alternative is to use a Monero wallet that integrates with third party exchanges so that you can swap XMR for BTC. Centralized exchanges give you more customization options such as stop orders and limit orders while wallets accept the market price but offer the convenience of managing the trade from one place.

Alternatives to XMRWallet

Monero Only Wallets

Multi crypto

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Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

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