Sell Monero Instantly

Log in to BitMEX and go to Sell Crypto. Select Monero (XMR), choose USD as your payout currency, enter the amount to sell and your US bank account details, and confirm. Banxa or Mercuryo converts XMR at the live market rate and sends USD proceeds via ACH bank transfer to your registered US bank account. BitMEX charges no platform fee; all partner fees are shown in full before you confirm. ACH transfers typically arrive within 1–3 business days.

USD payouts are sent via ACH bank transfer through BitMEX's regulated off-ramp partners, Banxa and Mercuryo. ACH is the standard US domestic bank transfer network, covering virtually all US checking and savings accounts. Settlement typically takes 1–3 business days. Wire transfers may be available for same-day or next-day settlement at higher cost. Your account must be registered in the same name as your verified BitMEX identity. All fees and the estimated USD amount are displayed at checkout before you confirm.

The IRS treats Monero as property; selling it for USD is a taxable capital gains event. Short-term gains — assets held under one year — are taxed as ordinary income at rates up to 37%. Long-term gains — assets held over one year — are taxed at preferential rates of 0%, 15%, or 20% depending on your total income. XMR disposals are taxable capital gains events under IRS rules. Monero's privacy features do not exempt it from US tax reporting obligations — the IRS expects all crypto disposals to be reported on Form 8949 regardless of the asset's privacy properties. Mining rewards are taxable as ordinary income at fair market value on receipt. The IRS has issued John Doe summonses to exchanges seeking XMR transaction data. Report all disposals on Form 8949 and Schedule D. Consult a US tax adviser for guidance specific to your situation.

XMR is priced in USD, reducing FX risk for US sellers. Monero is subject to heightened regulatory scrutiny in the US and some other jurisdictions due to its privacy features. Confirm that BitMEX supports your intended XMR withdrawal destination before initiating a sell. Accurate cost-basis records are essential given the IRS's focus on privacy coin compliance. Not financial advice.

Monero sales confirm immediately on BitMEX. USD proceeds via ACH bank transfer typically arrive within 1–3 business days after withdrawal processing. Wire transfer, if available, can settle the same or next business day at higher cost. Fees and estimated arrival times are shown before you confirm the sale.

Create a free BitMEX account to sell XMR.