Today is October 27, 2025. I’ve been actively involved in the cryptocurrency space for about five years now, and I’ve recently been focusing on diversifying my portfolio. One move I made was converting some of my Ethereum (ETH) holdings into Monero (XMR). I wanted to share my experience, as it involved a bit of research and testing different methods. I’ll be honest, the fluctuating exchange rates and the constant warnings about scams made me a little nervous at first!
Why Monero?
Before I dive into the ‘how’, let me explain the ‘why’. I’ve always appreciated Monero’s focus on privacy. Ethereum, while powerful, is quite transparent. For certain transactions, I prefer the enhanced anonymity that Monero offers. Plus, I’ve been reading about the increasing value of ETH, and I thought it was a good time to take some profits and move them into a different asset.
Exploring the Exchange Options
I started by looking at centralized exchanges like Kraken, which were mentioned in some articles. While convenient, I’m increasingly wary of KYC (Know Your Customer) requirements and the potential for account freezes. I prefer to maintain as much control over my funds as possible. So, I focused on decentralized options.
MorphToken: My First Attempt
I came across MorphToken.com, and it seemed promising – no KYC, straightforward interface. I decided to give it a try. The process was as described: I selected ETH and XMR, entered my refund ETH address (a good safety measure!), and then pasted my Monero address. I received an ETH address to send my funds to. I sent 5 ETH, and honestly, I was a little anxious waiting. Thankfully, within about 20 minutes, the equivalent in XMR (around 60.60 XMR, given the current rate of 12.12 XMR per ETH) appeared in my wallet. It worked flawlessly! I was impressed with the speed and simplicity.
Cake Wallet: A Mobile Option
Next, I wanted to test a mobile solution. I use Cake Wallet for Monero, and I discovered their built-in exchange feature. It’s that red circular arrow icon in the bottom right corner. I switched the dropdowns to ETH and XMR, entered my ETH wallet address as the refund address, and initiated the exchange. Again, I received an ETH address to send my funds to. I sent a smaller amount – 0.5 ETH – this time. It took a little longer, around 30 minutes, but the XMR eventually showed up in my Cake Wallet balance. It was a convenient option, especially for smaller transactions.
A Word of Caution: Scams are Rampant!
Throughout my research, I kept seeing warnings about scams, and I can confirm they are everywhere. I encountered several suspicious links on Reddit that looked incredibly convincing, offering fake NFTs or airdrops. I even saw one claiming to help revoke approvals to prevent hacks – a classic phishing tactic! Do not click on anything that seems too good to be true, and never rush into sending funds or approving contracts. Always double-check the website address and be extremely cautious.
My Preference: BTC and Electrum as a Comparison
While I successfully converted ETH to XMR, I have to admit I generally prefer Bitcoin and using Electrum wallet. I like the fact that I own my private keys and don’t need to download the entire blockchain. I find the Ethereum ecosystem a bit more complex from a security perspective, and the gas fees can be prohibitive. However, for my specific need of acquiring Monero, the ETH to XMR conversion was a viable solution.
Final Thoughts
Converting ETH to XMR is definitely possible, and there are several options available. I found MorphToken.com and Cake Wallet to be reliable and user-friendly. However, always prioritize security and be vigilant against scams. The exchange rate is constantly changing (currently around 11.97 XMR per ETH, with a slight decrease in the last 24 hours), so it’s important to monitor the market before making a trade. I hope my experience helps you navigate this process with confidence!
