Executive Summary
In 2026, you cannot simply send XMR to Binance or Coinbase. They have delisted privacy coins globally. You must choose a path based on your location and privacy needs.
Method A: Direct Exchange (Kraken)
EasiestKraken remains the only major regulated exchange in 2026 that still supports Monero trading pairs (XMR/USD, XMR/EUR) in specific regions.
Supported Regions
- European Union (SEPA)
- USA (Most states, excluding NY/WA)
- Canada
Unsupported
- United Kingdom (Delisted)
- Australia (Delisted)
- Japan
The Workflow
-
1
Deposit XMR
Log in to Kraken. Go to Funding > Deposit > Monero. Copy the Address and Payment ID (if required).
-
2
Sell for Fiat
Once confirmed (approx 20 mins), go to "Trade". Select XMR/USD or XMR/EUR. Execute a "Market Sell".
-
3
Withdraw to Bank
Go to Funding > Withdraw. Select your currency (USD/EUR). Choose ACH (USA) or SEPA (EU). Funds arrive in 1-3 business days.
Method B: The Bridge (Global Standard)
Most ReliableChoose Your Destination
Decide where you want the money to land. Is it your Shakepay wallet? Your MetaMask? Or Cash App? Copy the deposit address (BTC, ETH, or USDC) from that app.
Initiate the Swap
Go to a non-KYC swap aggregator like Trocador or SimpleSwap.
- You Send: XMR (Monero)
- You Get: BTC (for CashApp/Shakepay) or USDC (for MetaMask/Cards)
- Recipient Address: Paste your address from Step 1.
Send XMR
Send the exact XMR amount to the swap service. Once the blockchain confirms it, the swap service sends the clean coins to your destination app.
Extended: Best Apps to Cash Out Bridged Coins
Once you have swapped your XMR into BTC, ETH, or USDC using Method B, you can use these specific apps to finalize the cash out.
Shakepay
The fastest off-ramp in Canada.
- Swap XMR → BTC or ETH.
- Send to your Shakepay deposit address.
- Sell for CAD inside the app.
- Use "Interac e-Transfer" to send cash to your bank instantly.
MetaMask Card
Powered by Mastercard. Spend crypto directly.
- Swap XMR → USDC (on Arbitrum or Polygon for low fees).
- Send to your MetaMask wallet.
- Use the MetaMask Portfolio dApp to verify the card.
- Spend anywhere Mastercard is accepted.
Strike
Utilize the Bitcoin Lightning Network.
- Swap XMR → BTC (Lightning Network) via FixedFloat or Boltz.
- Send to your Strike Lightning Invoice.
- Receive as Fiat (USD/EUR) instantly.
- Withdraw to Bank Account.
Cash App
Simple, user-friendly Bitcoin sales.
- Swap XMR → BTC.
- Send to Cash App BTC address.
- Sell BTC for Cash.
- Spend with Cash Card or withdraw to bank.
Method C: Direct Spending (No Bank)
No KYCInstead of selling for cash, convert XMR directly into purchasing power. This avoids bank scrutiny and is often faster.
Coincards
Best for USA/Canada. Offers Prepaid Visa/Mastercards up to $500 without KYC (phone verification required).
Visit Site →Coinsbee
Best for Global/EU. Huge selection of mobile top-ups, Amazon cards, and gaming credits. Accepts XMR directly.
Visit Site →Cake Pay
Integrated into Cake Wallet. Instantly buy digital gift cards. Save 1-3% on purchases.
In-App OnlyMethod D: P2P & Haveno
High PrivacyHaveno (The Decentralized Successor)
Haveno is a non-custodial DEX based on Bisq, tailored for Monero. It requires downloading a desktop client. It connects you directly with buyers for Sepa, Zelle, or Cash by Mail.
- Pros: No KYC, No central authority, Tor routed.
- Cons: Low liquidity, complex setup, arbitration requires security deposit.
Bisq (Via BTC)
Bisq does not support XMR directly. However, it is the most robust P2P network.
Strategy: Swap XMR -> BTC (using a non-KYC swap) -> Sell BTC on Bisq for Fiat.
Regional Deep Dive
🇺🇸 🇨🇦 North America (USA & Canada)
USA: Kraken is the only direct XMR/USD off-ramp. If Kraken is unavailable in your state (NY/WA), use Method B to swap to BTC and cash out via Strike or Cash App.
Canada: Kraken works directly. Shakepay is the top alternative: Swap XMR -> BTC -> Shakepay -> e-Transfer to Bank.
Tax Note: The IRS receives reports on transactions >$10k. Every swap is a taxable event.
🇪🇺 🇬🇧 Europe & UK
Eurozone: Kraken EU is excellent for SEPA transfers. Bitpanda (Austria) supports many alts but fees are higher.
UK: Kraken UK delisted XMR. You MUST use Method B. Swap XMR -> LTC, send to any UK exchange (Coinbase UK, Binance UK) to withdraw GBP via Faster Payments.
🇦🇺 🇨🇳 🇮🇳 Asia Pacific
Australia: CoinSpot and Swyftx are popular. Method B (Swap to LTC -> Independent Reserve/Swyftx) is reliable.
China: Extremely hostile. Use offshore non-KYC swaps (Trocador) to convert to USDT, then trade USDT via P2P markets (AliPay/WeChat Pay) with extreme caution.
India: WazirX/CoinDCX have high scrutiny. P2P (Binance P2P via USDT bridge) is the standard method.
🇧🇷 🇳🇬 LATAM & Africa
Nigeria/South Africa: Luno and Yellow Card are popular but don't support XMR. Bridge XMR -> USDT/BTC, then sell on Luno.
Brazil/Mexico: Bitso is the major fiat gateway. Bridge XMR -> LTC/XRP before depositing to Bitso for SPEI/Pix withdrawals.
Cost Analysis (Selling $1,000)
| Method | Est. Fees | Net Cash |
|---|---|---|
| Kraken Direct | ~$15 (1.5%) | $985 |
| Bridge (XMR>Shakepay) | ~$25 (2.5%) | $975 |
| MetaMask Card | ~$20 (2.0%) | $980* |
| P2P (Haveno) | Variable (0-5%) | $950-$1000 |
*Net value in purchasing power.
OpSec & Taxes
The moment you touch a KYC exchange (Shakepay/CashApp) or a Bank, your anonymity is gone. The exchange knows you sold crypto. They may not know it came from Monero (if you bridged effectively), but they know you have funds.
If using Method B (Bridge), ensure you use a reputable swap service. If you swap XMR for "dirty" BTC, your account may be frozen. Use Litecoin (LTC) or USDC for bridging; they often have less strict flagging than Bitcoin.
Selling crypto for fiat is a taxable event in most jurisdictions (USA, UK, AU). Keep records of your cost basis.
Ready to Cash Out?
Start with small amounts to verify the path works for your region.
