How to send and receive Monero, and how long it should take (command line wallet) (2024)

Overview

Before you begin: Follow the tutorial for setting up a command line Monero wallet, and the run the monero-wallet-cli program.

Checking your balance

[wallet 47CL7F]: balanceBalance: 0.400000000000, unlocked balance: 0.400000000000

The balance command shows you your Monero balance. In the example above, the wallet contains 0.4 Monero. If a payment was only recently received, it will take around 20 minutes for that payment to become "unlocked" beforeyou can consider it fully confirmed as received. Until it becomes unlocked, you cannot spend recently received Monero.

Important: Make sure your Monero daemon is running and successfully syncing with the network. Your Monero wallet will not be able to see its balance and any new payments received unless the Monerodaemon is correctly synced to the network.

Detailed explanation of how transactions are sent and how long they take

When someone sends Monero to you, the Monero network will include that transaction in a Monero "block". A block is a record of a batch of transactions that have been announced to the Monero network of nodes.

These blocks are then "mined", which is the mechanism by which these blocks are verified in a distributed way across the entire network of Monero miners.

Each block takes on average 2 minutes to mine by the network. The successful mining of each block results in a "confirmation". After 10 confirmations, which due to the mining process will statistically involve the activityof a vast number of Monero miners to agree upon, the transaction is considered fully verified. On average, it therefore takes approximately 20 minutes for a Monero transaction to be fully verified and funds available to bespent in a subsequent transaction.

Receiving early notification of payments received (i.e. without waiting 20 minutes)

Your Monero wallet will automatically notify you with a message about an incoming transaction after it has received one confirmation by the network. The first block will take on average 2 minutes to be confirmed, and your wallet will scan the network every 90 seconds for updates. Due to the statistical probabilities involved in confirming blocks, your first block could confirm faster or slower than the 2 minute average. If you are unlucky, it might take 10 minutes or a little longer in some instances for the first block to be confirmed. Therefore after a payment is sent to you, you generally will need to wait for 4-12 minutes for your wallet to first notify you of the transaction.

IMPORTANT: The notification you see of the first confirmation of a received payment is a good sign things are working, but you should always wait for the 10 confirmation period to feel completely safe that the transaction has not been reversed or "double spent" by a rogue sender.

Also see our article on how long Monero transactions take.

Viewing zero confirmation notifications (FASTEST way to see the first signs of a transaction being received)

A zero confirmation transaction is a transaction that has been announced to the Monero network but has not been verified even once. Although you should never rely on zero confirmation notifications, they are useful as a sanitycheck to verify that the sender has at least begun the process of sending a payment to your wallet.

To see zero confirmation transactions, type the following command into your wallet:

[wallet 47CL7F]: show_transfers pool

How to ask somone to send you Monero

To see your public wallet address, type the following command into your wallet:

[wallet 47CL7F]: address47CL7FiNtW417VjzWt9Zse8Z8URhaHaA2L9jJq6rrLtDhiYK9PfbCavhhMKws9xEdKHBeGcQtJmPt4uEMivooNztC5UkHLD

Then tell the sender your address and they will be able to send Monero to you.

How to ask somone to send you Monero, specifying a payment ID

If multiple people are sending you Monero, it will be confusing to figure out who sent what. To solve this problem, you can generate a unique "payment id" to tell to the person that is sending you funds. To generate an "integrated address" which combines your public Monero address with a newly generated payment id, type the following command into your wallet:

[wallet 47CL7F]: integrated_addressRandom payment ID: <9e5d624026c5c274>Matching integrated address: 4Gu184XsVma17VjzWt9Zse8Z8URhaHaA2L9jJq6rrLtDhiYK9PfbCavhhMKws9xEdKHBeGcQtJmPt4uEMivooNztHViznm8GhvREB6AU3C

Then tell the sender your integrated address and they will be able to send Monero to you. To view a list of payments received along with their unique paymenent ids, type this command:

[wallet 47CL7F]: show_transfers

To view only payments received using a particular payment id, use the following command (substituting the example payment id with your own):

[wallet 47CL7F]: payments 9e5d624026c5c274

How to send Monero to someone else

To send 0.1 Monero to someone that has given you their public address or an integrated address (see section above on payment ids), type:

[wallet 47CL7F]: transfer 4Gu184XsVma17VjzWt9Zse8Z8URhaHaA2L9jJq6rrLtDhiYK9PfbCavhhMKws9xEdKHBeGcQtJmPt4uEMivooNztHViznm8GhvREB6AU3C 0.1

(note that although the text above is split over multiple lines, the command should be typed as one line with a space between their address and the amount of the payment)

Proving that you have sent payment

If you need to prove to someone that you've made a payment to them, see this tutorial.

How to send and receive Monero, and how long it should take (command line wallet) (2024)

FAQs

How long does it take for Monero to transfer to wallet? ›

Waiting for your transaction to reach 10 confirmations usually takes around 20 to 40 minutes. However, during periods of high network traffic, it may take longer. You can always view the amount of confirmations your transaction has by clicking on the transaction ID of the pending transaction.

Why does Monero wallet take so long to sync? ›

Long sync times usually occur if you have not used your Monero wallet in a while. We recommend opening your Monero wallet at least once a month to let it sync. That way, you are never syncing for more than a few moments. This is especially the case for Monero wallets that do not support background syncing.

How long does Monero process take? ›

Comparison with Bitcoin:
Monero
Initial waiting time for next block to be minedUp to 2 minutes, average 1 minute
Time for first block to be confirmedAverage 2 minutes
Time for transaction to be fully confirmed10 confirmations * 2 minutes = 20 minutes
Total time21 minutes

How do I send and receive XMR? ›

Unlock your Ledger device and open the Monero app before starting the Monero wallet.
  1. Open the Send tab.
  2. Enter the amount to send and choose a transaction priority. ...
  3. Enter the address to send to. ...
  4. Enter an optional description, only visible to you.
  5. Click Send. ...
  6. Verify all transaction details shown on your device:

How fast is XMR transfer? ›

Transactions on Monero (XMR) are relatively fast. The average block time (time required to produce a new block) is two minutes. Monero reduces the likelihood of congestion and delayed transactions with its variable block size, which can accommodate more transactions if needed.

Are Monero transactions instant? ›

This means your transaction was sent to the Monero network and is now waiting to be confirmed (included in a block) by a miner. Now, you just have to wait for your transaction to be confirmed, which takes on average 2 minutes.

How long is Monero pending? ›

How long will I wait for a pending transaction to confirm?
AssetTypical time pending
Monero20 minutes or less
Dash15 minutes or less
BNB5 minutes or less
Ethereum5 minutes or less
3 more rows

How to recive Monero? ›

Go to the 'Receive' page and create/select the address where you want to receive your coins. Share the address composed by letters and numbers to the person you want to receive coins from. You probably prefer to use the more user friendly QR code.

How many confirmations does a Monero transaction need? ›

When receiving Monero as a deposit or leftover change, you must wait for 10 confirmations before you can send it. This means that your Monero is locked until the transaction reaches 10 confirmations.

Can you see where Monero is sent? ›

With Bitcoin, this is typically done by looking up the transaction ID, where the origin and destination addresses are shown, along with the amount transacted. Monero, however, is private: that information is not available publicly on the blockchain.

Which wallets support Monero? ›

For users who require access to their Monero assets on the go, Cake Wallet is an ideal choice. Available for both iOS and Android devices, Cake Wallet provides mobile-friendly features that make managing your Monero assets a breeze, no matter where you are.

How to make Monero Sync faster? ›

If you have an SSD drive, there is a way to speed up the initial synchronization of your daemon with the network. This is achieved by downloading a copy of the raw blockchain and importing it.

Is Monero instant? ›

Once the payment is confirmed, you will receive XMR in your specified wallet within 10 minutes.

How do I cash out my Monero wallet? ›

How to sell Monero
  1. Create your free Kraken account. Verify your details to get started.
  2. Send XMR to your Kraken account. Deposit XMR in your secure Kraken account.
  3. Sell Monero instantly. Enjoy ultra-fast XMR transactions & withdraws.

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