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It's here at last, Monero [XMR]!

Jul 068:33 pm
  • 1530909209

It's finally here, ladies and gents. Monero is now available on FaucetHub for both FOs and users! There's a few things to say about it before you dive in which are quite important.

Monero is a different type of coin to traditional coins, therefore some things work a bit differently. The first thing is that Monero offers complete blockchain privacy for transactions and addresses. This is completely different compared to Bitcoin's open blockchain design.

About making deposits
After you generate your deposit address you will be given 2 ways to deposit. The first way is a traditional address, however this address is a new format called a sub-address (starts with 8). These addresses were launched in an update last year, however many places and exchanges still don't accept sub-addresses. The official Monero GUI wallet will of course accept them.

The other way to deposit is a more traditional method of address + payment ID. The payment ID is important. If it's not included in the transaction then the deposit will not arrive in your account! Most exchanges and web wallets allow for you to provide a payment ID.

About making a withdraw
When you make a withdraw or link your XMR address, we currently only support the traditional XMR address and sub address. This means that you cannot make withdraws to Monero Integrated Addresses or places which require a Payment ID. For this reason we suggest using either a web wallet or the official Monero GUI wallet to receive your withdraws. If you send a withdraw to a place which requires a Payment ID you will lose the coins, so please make sure.

About the withdraw fee...
So, this is the bad bit which you won't enjoy hearing. Due to Monero's design the transactions are very large. This results in a higher fee per transactions than other coins. In order for us to maintain and sustain a Monero service we are forced to have high fees on Monero withdraws for both users and FOs. Because Monero offers complete privacy we hope that you understand that "you get what you pay for" when using it. It was simply not designed for any form of micro transaction. Despite this the addition of Monero on a micro-transaction platform will hopefully open it up to a new userbase.

XMR is considered in beta and may have some issues which are unforeseen due to the different design. Please open a ticket if you run into any issues.

Comments

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noway - 1 year ago

Thanks alot, waiting for ripple too ;)
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megadumpload.com - 1 year ago

Hugzzz mexi, thanks for this update. We have awaited Monero with anticipation and it is good to finally see it included in the platform. Two new cryptos within a few days = pure bliss :)
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tigrinho33 - 1 year ago

I was very happy with the opportunities to be able to have new coins here, this proves that you are working with seriousness and are very competent, cpm everyone in the users giving new opiçois to work, thanks
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kamalara - 10 months ago

Give me
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sabla76 - 11 months ago

thanks for this update
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raspberry73 - 1 year ago


Hello, it's great news that you add new coins, thank you respect the admins. If there is a possibility, add karbovanec please, not a bad coin.
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perwirairfandi - 1 year ago

giveaway
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rebih - 1 year ago

thank you
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sugarfix - 1 year ago

Can we have a coin that doesn't take 3 years of fauceting before we can afford the transaction fee please?
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rnrj - 10 months ago

😂😂😂. 😎✌🏽✌🏽
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icharamdhani - 1 year ago

thanks mexi
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chrisman - 1 year ago

Great news, keep bringing in newcomers!
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ernani - 1 year ago

Help: freebitcoin.win demands a address no longer than 95 chars and starting with "8", a new format. How to solve this?
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floweramore888 - 1 year ago

Good
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coinpapa - 1 year ago

i like it
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saud31 - 1 year ago

Faucethub very good news thanx for faucethub
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saud31 - 1 year ago

Good news
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may2k8 - 1 year ago

that was good news :)
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gabtycoon - 1 year ago

Please I need link for this: XMR web wallet or the official Monero GUI wallet
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dengpau - 1 year ago

Thanks
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kinser07 - 1 year ago

Thanks for adding. Which wallet would be the best for this
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alexxtv - 1 year ago

I know it ^^ nice Admin. Very very nice....
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alenlena - 1 year ago

Good day!
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winalyn03 - 1 year ago

Nice
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sergio2106 - 1 year ago

all clear
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vian_pratama04 - 1 year ago

Good
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rd241202 - 1 year ago

uhhuuuuuuu, good
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vpparada - 1 year ago

great new
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vitalii1984 - 1 year ago

COOOOOOOOOOOOOOOL/////////////TY ADMIN
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petersbits - 1 year ago

It´s perfect!
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denko - 1 year ago

masden junaidi
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taipyogi - 1 year ago

Ok
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cryptocat - 1 year ago

thanks
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maouhoub7 - 1 year ago

That's good
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hubmohgo - 1 year ago

A good step. but there are some things not cool like deposit and withdrawal
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hubmohgo - 1 year ago

a good step. but there are has some things not cool like deposit andwithdrawal
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mhmd27 - 1 year ago

i love it
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headshooter - 1 year ago

Thanks a llot to FaucetHub Team for providing us with several options and for adding this interesting coin to the site... i´ll sure Enjoy it..
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antxxx - 1 year ago

In last post i think XMR , and true, are good coin!
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bitcoinrotator.in - 1 year ago

Very nice, I knew it would come
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matlambo - 1 year ago

The Best!!
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gms258 - 1 year ago

legallllllllllll
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hitman72 - 1 year ago

Nice one been mining monero so good to see it here
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xxyz23 - 1 year ago

Fantastic XMR, good luck to all
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crypto_werries - 1 year ago

Fantastic work here admin. Was waiting for this a while... You are doing great things since the games are gone indeed. Love it :D
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glaxo23 - 1 year ago

its cool
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