Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Cash into Monero? (lemmy.ml)

submitted 1 month ago by OhVenus_Baby@lemmy.ml to c/privacy@lemmy.ml

10 comments fedilink hide all child comments

I am new to using Monero. What are the rules to moving anon. and safe with Monero. Safest exchanges, Wallets, and sources to spend online would be ideal. How does one turn cash into crypto. Debit cards possible or surrogate spenders?

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[–] liliumstar@lemmy.dbzer0.com 5 points 1 month ago (2 children)

I don't know how safe this is, but what I do:

Make a local XMR wallet, backup, and host your own blockchain
Buy regular crypto, say LTC, from a legit exchange with KYC
Swap that to XMR on an anon swap/exchange, storing in your wallet 3 (optional). Move from your first wallet to another, for extra safety???

Spend it where you can, not many places. BTCPay server, which can be self-hosted, supports it, so there are options.

[–] EngineerGaming@feddit.nl 6 points 1 month ago* (last edited 1 month ago)

I would rather not use KYC even for low-sensitivity transactions. Because I am afraid of such sensitive info leaking. Sure, I do KYC for things like phone service already - but would avoid it at any cost where it can be done.

[–] ReversalHatchery@beehaw.org 2 points 1 month ago

Spend it where you can, not many places.

there's a surprising amount of sites where you can buy gift cards with Monero, for a lot of services. there's also a few where you can buy a prepaid card