Monero (XMR) Complete Guide: Secure Trading of Privacy Cryptocurrency on Gate

Monero (门罗币) as one of the oldest and most recognized privacy cryptocurrencies has been the preferred choice for users focused on transaction anonymity since its inception in 2014. Its core technologies such as ring signatures, stealth addresses, and RingCT ensure that all transaction details—sender, receiver, and amount—are kept completely confidential. According to Gate market data, as of February 4, 2026, XMR is ranked 14th with a price of $385.59 and a market capitalization of $711 million.

The Rise of Privacy Coins: Monero’s Core Value

Monero holds a unique position in the cryptocurrency ecosystem. Unlike public ledger cryptocurrencies like Bitcoin and Ethereum, Monero is designed to provide complete financial privacy. Through complex cryptographic techniques, it ensures that all transaction participants and amounts are protected.

In today’s environment of stricter global regulations and highly transparent on-chain fund flows, the demand for privacy protection is evolving. Cases of stablecoins and traceable assets being frozen in certain regions have led some to reassess the importance of privacy. This environmental shift creates a sustained demand foundation for privacy coins like Monero.

Market Status: Investment Opportunities Amid Price Fluctuations

Monero experienced significant price volatility early in 2026. In January, XMR reached a historical high of $797.73, but the market subsequently corrected, with current prices down about 53% from the peak. Despite recent declines, Monero has still gained 77.4% over the past year. Currently, XMR trades in the $380–$405 range, demonstrating relative resilience under overall market pressure.

Market analysts observe that despite the price adjustments, derivatives data shows that long-term positions in futures markets still exist, indicating investor confidence in its long-term value. In terms of trading volume, Monero’s 24-hour trading volume reached $112.9 million, accounting for 1.59% of its market cap. The circulating and total supply are both 18.44 million XMR, with no maximum supply limit.

Technical Analysis: Expert Opinions and Price Forecasts

Veteran trader Peter Brandt recently presented an intriguing technical analysis perspective, comparing XMR’s long-term trend to the historical chart of silver. Brandt pointed out that both have experienced double-top formations on monthly and quarterly levels and are long-term constrained by downward trendlines. His analysis suggests that once Monero completes a similar breakout, a significant price surge could occur.

Different analysis platforms have provided their own forecasts for Monero’s future price: Hexn’s prediction is relatively conservative, estimating that by the end of 2026, XMR could reach the $956–$992 range. Coinpedia offers a more optimistic long-term outlook, projecting Monero’s price could reach $1,942.76–$5,828.30 by 2030. Gate’s analysts believe that if the privacy narrative regains momentum in the second half of 2026, Monero could rise to the $417–$553 range. It’s important to note that the cryptocurrency market is highly volatile, and these forecasts should be viewed as references, not investment advice.

How to Buy Monero on Gate

Purchasing Monero on Gate is a straightforward process suitable for both beginners and experienced traders. Here’s a detailed step-by-step guide:

Create and Verify Your Account: First, visit the official Gate website or download the mobile app and complete the registration process. To ensure account security and regulatory compliance, you need to complete KYC (Know Your Customer) verification, usually including ID and address verification.

Choose Deposit Method: Gate offers multiple deposit options. You can use local bank transfers to deposit fiat currency directly or buy cryptocurrencies with credit/debit cards. If you already hold other cryptocurrencies, you can transfer them directly to your Gate wallet.

Buy Monero: After funding your account, you can purchase XMR through various methods. The most direct way is to buy with fiat currency if you have USD or other fiat in your account. Another common method is to buy stablecoins like USDT first and then trade the XMR/USDT trading pair on the spot market.

Gate provides a user-friendly trading interface and real-time price charts to help you make informed decisions. If you cannot find XMR directly on the trading page, try using specific trading links or update your app to the latest version.

Storage Options: How to Safely Store Monero

After purchasing Monero, proper storage is key to protecting your assets. You have several storage options:

Exchange Wallet: Keeping XMR in your Gate account is the most convenient option, suitable for frequent traders. Gate employs advanced security measures, including two-factor authentication and cold storage techniques, to protect user assets.

Hardware Wallet: For long-term holders, hardware wallets offer the highest level of security. Well-known hardware wallets like Ledger and Trezor support Monero storage, keeping private keys offline and greatly reducing hacking risks.

Official Wallets: Monero offers official GUI and CLI wallets, giving users full control, but requiring some technical knowledge to set up and use correctly.

When choosing a storage method, consider your trading frequency, security needs, and technical proficiency. Regardless of the method, be sure to back up your private keys or seed phrases and store them securely.

Secure Trading: Risk Tips and Best Practices

Cryptocurrency trading involves risks, and taking proper security measures is crucial. When trading on Gate, be sure to enable all available security features, especially two-factor authentication (2FA). This adds an extra layer of protection to your account.

Understanding market risks is equally important. Monero’s price can be highly volatile, influenced by various factors including overall crypto market trends, regulatory developments, and technological advancements. Before investing, ensure you fully understand these risks and only invest funds you can afford to lose.

Privacy features are Monero’s core advantage, but this also means that once a transaction is completed, it cannot be reversed. Before trading, double-check all recipient addresses and consider doing small test transactions first. Following these best practices will help you trade Monero safely and confidently on Gate.

As Monero’s price adjusts from its historical high of $797.73 to the current $385.59 range, some analysts see long-term accumulation opportunities. Market data shows Monero’s 24-hour trading volume reached $112.9 million, with circulating supply stable at 18.44 million XMR. Technical analogies from analysts like Peter Brandt depict potential breakout scenarios, while various price prediction models point to different future possibilities. The ongoing demand for privacy in a tightening regulatory environment ensures Monero maintains a unique position within the cryptocurrency ecosystem.