Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes. Learn how to install the Monero CLI wallet. There’s only one way…
Arise, you have nothing to lose but your barbed wire fences!Timothy C. May, The Crypto Anarchist Manifesto
The secure, private, untraceable cryptocurrency.
Privacy: Monero uses a cryptographically sound system to allow you to send and receive funds without your transactions being easily revealed on the blockchain (the ledger of transactions that everyone has). This ensures that your purchases, receipts, and all transfers remain absolutely private by default.
Security: Using the power of a distributed peer-to-peer consensus network, every transaction on the network is cryptographically secured. Individual wallets have a 25 word mnemonic seed that is only displayed once, and can be written down to backup the wallet. Wallet files are encrypted with a passphrase to ensure they are useless if stolen.
Untraceability: By taking advantage of ring signatures, a special property of a certain type of cryptography, Monero is able to ensure that transactions are not only untraceable, but have an optional measure of ambiguity that ensures that transactions cannot easily be tied back to an individual user or computer.
Installing Monero Wallet
Keep your Monero safe using the official Monero Wallet. Get the latest version from the Monero Project code repository on GitHub.
Before extracting the archive verify you have downloaded the correct file by validating the file hash. File hashes are provided along with the download links for the latest release.
To validate on macOS run the
shasum command from Terminal and pipe to
cut to output the value of the file’s SHA256 checksum:
shasum -a 256 monero-mac-x64-v0.11.1.0.tar.bz2 | cut -d' ' -f1
Shown here, the hash for the 64-bit macOS Monero wallet version called
Helium Hydra, Point Release 1 bumped up next to the value retrieved from the above command:
shasumagainst the canonical list of GPG-signed hashes on the Monero website.
If it’s a match, extract the wallet from the archive using
tar from Terminal:
tar -zxvf monero-mac-x64-v0.11.1.0.tar.bz2
Resulting in output similar to the following:
x ./monero-v0.11.1.0/ x ./monero-v0.11.1.0/monero-wallet-cli x ./monero-v0.11.1.0/monero-wallet-rpc x ./monero-v0.11.1.0/monerod x ./monero-v0.11.1.0/monero-blockchain-export x ./monero-v0.11.1.0/monero-blockchain-import
Of the five binaries, two of particular importance are:
monero-wallet-clihandles the account
monerodhandles the blockchain
The CLI can be used as a stand-alone to create an account. Used alongside the
monerod daemon it can perform common tasks such as checking your balance, accepting and sending payments, and proving payments to 3rd parties.
After that learn how to securely purchase and store Monero.