Monero Wallet Review: How to Create and Use Monero Wallet Address Online


Bitcoin was mostly used Cryptocurrency on the dark web before it became famous. Bitcoin is currently the only successful cryptocurrency ever made in the world. However, this doesn’t mean that we should ignore other altcoins that look promising because even a mere $100 investment on upcoming altcoins has the power to completely transform our future financial status.

This guide is about an altcoin called Monero (XMR), which is now a darling of dark web. Monero is the 2nd highest traded Cryptocurrency on the most popular Cryptocurrency exchange Poloniex. Bitfinex also added Monero recently as a new trading currency.

Following its launch in April 2014, Monero has progressed, slowly and steadily to claim its place among the major cryptocurr    encies. Value of Monero has increased by 394.07% in the last six months. This is a number that can’t easily be ignored.

In this guide, I will explain how to create and use your own secure wallet address for Monero.


Pre-requirement: keep a pen and paper handy, and don’t multitask.


How to Create Monero Wallet Address Online?

This guide will show you the steps to open Monero wallet online. Paper wallets are more secure, and if you are comfortable with them, head to this address and create your Monero paper wallet address. Refer to this guide for cold storage.

MyMonero, which is operated and owned by Riccardo Spagni, who is one of the lead Monero developers, is the fastest way to create XMR wallet. This is a web interface, which means that you need to ensure your system and browser is clean. Use Brave browser for operating cryptocurrencies instead of using your usual browser.

  • Go to and click on create an account (Use Virtual machine or browser incognito mode)

You will see private login key on the next page. The private login key is the only way you can access your MyMonero account, so it’s very important that you note it down on a piece of paper and keep it at a safe place.



Click on log me in button and you are inside your newly created Monero wallet address.

The other things are pretty straight forward. Your newly created XMR wallet address can be used to receive funds or send funds if you have. If you want to see your past or current transactions, you can anytime click on transactions.

Here is one interesting thing that you should know about Monero transactions.


As you can see, there is the part that says Mixin. This is an interesting concept to know about this Cryptocurrency if this is your first time with Monero.

What is mixin?

“The mixin count is the amount of other signatures (in addition to yours) included in the ring-signature that authorizes your transaction. So a mixin of 3 means that there is a total of 4 signatures, which means that someone looking at the monero blockchain has no way of knowing which of the four signers is the true sender.”

Simply close the tab once you are done. Head over to & login with your 13 words (Private key) whenever you need to login to your Monero wallet.

One more thing worth noting is that MyMonero only encrypts your keys and stores the data on its servers, and cannot access your funds.


Where to Get Monero?

You can use Changelly to exchange ETH or Bitcoin or any other altcoins into Monero (XMR). Changelly offers a very fast and convenient way of buying Monero.


Useful Links

Here are some useful links that might help you:


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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

  1. I think this is among the most significant info for me. And i am glad reading your article. But want to remark on some general things, The website style is wonderful, the articles is really great D. Good job, cheers dkbfdaabfdae

  2. Just saw this article but see that it hasn’t been updated in a while

    Since it was posted, Ledger supports Monero now, which might be good to note.

    Also, on desktop, Exodus is another good option if you want something that supports other cryptos in the same app

  3. Great article, thanks.

    I recently decided to diversify my investment portfolio and bought myself some Monero on BestChange in addition to BTC and ETH.

    Cheers, and keep up the good writing!

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