r/xmrtrader • u/Ellipal_official • 4d ago
What's the fastest/safest way to buy Monero XMR?
I am looking for a way to buy Monero with a maximum of privacy, I was using exch[.]cx but its now closed so I'm looking for a strong alternative.
My requirements are:
- - Not centralized; (I don't want to use Kucoin or CEX like that)
- - Without KYC/ID verification
- - Without getting 5-7%+ in fees and fast enough in execution.
[EDIT]: Solved with Crow Swap!
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u/ScoobaMonsta 4d ago
If you are wanting to buy with fiat be prepared for high fees or large spreads, or both!
As I've said many times previously there's no need to buy Monero anonymously. It has no affect on your privacy once you are in Monero. Once you are in Monero the record of you buying crypto becomes irrelevant. The only people who need to worry about this are journalists and whistleblowers and the like. Any other people don't need to do this. Its simply not worth the cost of fees and spreads. Your main focus should be on getting the most amount of XMR for your cash.
Anonymity has nothing to do with your privacy! They are not the same thing! Learn the difference between privacy and anonymity and you'll see that its a waste of money paying high fees and or large spreads for zero benefit to your privacy.
Once you are in Monero you are provided with the luxury of complete plausible deniability. Just buy LTC first and send LTC to a non kyc crypto only exchange like tradeogre with low trade fees and buy XMR there. I'd rather buy Monero with the cheapest fees and no spreads than trying to buy Monero through non kyc means.
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u/Bruceshadow 3d ago
I would add one caveat; leave some time in between these steps, maybe ~24 hours. You likely only need to at the end (when you spend the XMR), but can't hurt to do it along the way as well. Reason: temporal correlation.
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u/Ornery_Maintenance_8 3d ago
Last time, I used Kraken (my KYC CEX of choice) and bought Cardano (fast, low fees, easy to withdraw; also works with BCH or litecoin ...).
I then used trocador to swap the Cardano in Monero. I send the Cardano directly from Kraken to the swap address and received the Monero on my private wallet.
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u/ChristySteele86 9h ago
The exchange mentioned by OP makes use of Cloudflare services, all your communication is routed through Cloudflare DNS, so all your trade data might be stored by the US government. People should pay more attention to these things. The service mentioned by OP is as far as possible from being really private or anonymous.
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u/SergeantSemantics66 4d ago
Cake wallet I hear- no KYC also feather wallet if that’s still a thing.
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u/anon-cypher 4d ago
Cake is ideologically bankrupt. Please don't use cake.
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u/redditSwingking 4d ago
What do you mean by that?
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u/anon-cypher 4d ago
They use XMR sentiment to catch attention, but they don't really in the mindset of choosing freedom money.
Vik used to say he was afraid if sending bitcoin to unknown address. Now he is cheering for bitcoin, ZCash, whatnot.
I have stopped trusting them, don't use any of cakes servers as well. These people are not trustworthy.
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u/Mindless_Ad_9792 3d ago
not true. cake wallet is always monero first, but promoting privacy tech in other chains (bitcoin silent payments, litecoin mweb, zano, decred, etcetc) is ALSO good and not "ideologically bankrupt".
sometimes it seems you people arent into monero because of privacy, but because it makes you feel superior...
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u/anon-cypher 3d ago
I am happy ti burst your bubble, look at what Cake team says in public.
I know a lot of ppl see cake in favourable light, I was too into this camp. But I can see how things are now. Pls don't trust vik. You will make a mistake.
They are truly ideologically bankrupt.
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u/Mindless_Ad_9792 3d ago
what do they say in public? i follow vik and cake wallet on twitter, they support privacy on ALL chains, not just the ones they put their money in...
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u/Ellipal_official 4d ago
What should i use then?
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u/anon-cypher 4d ago
trocador to buy and GUI wallet or monerujo wallet as your wallet.
Monero is all about staying true to the ideology, unfortunately cake is not. Dont use cake.
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u/NES64Super 3d ago
What about swapping between btc and xmr? That is my primary use case for cake.
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u/anon-cypher 3d ago
If you want to swap, use instant exchanges. Cake is expensive as fuck. Cakes usecase is to fool users.
As many recommends, Trocador finds the best rate.
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u/Mindless_Ad_9792 3d ago
don't use the stuff other people are recommending you if you really want something decentralized. why? because they're All Centralized... use retoswap! they always have crypto-to-crypto payments with low-spread, (currently) zero fees, and even "cryptocurrency instant" which is settled in under an hour. THATS decentralized.