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What is Monero?

How to buy Monero



Is it okay if I purchase Monero with Debit card/Paypal?

by /u/Notchsmith · 1 votes · 3 months ago

It's not illegal to buy Monero. I plan to send it to my Feather wallet adress. However I was wondering if it'll raise suspision and if it's a thing I shouldn't be doing. Or is it safer to buy BTC and exchange it for XMR after I recieve it? Also is this a thing I should be doing on Tails or Windows?

Comments (14)
/u/Hungry_Eyes · 2 votes · 3 months ago · Link

Hey Notchsmith,

I think you'll be ok buying with your method. I recommend sending the xmr to a wallet on clearnet, then to a wallet on Tails, and then to the marketplace. This breaks any connection between your purchase and the marketplace. The extra clearnet wallet is a bit of overkill, but xmr fees are so low the cost is neglible.

/u/winkingcherub · 1 votes · 3 months ago · Link

So is this to say that it's best to have a "legit" wallet, a "Tails" wallet, and then use the latter for marketplace purchasing?

Also, I was curious about the front-end: the point of initial purchase. I'd love for it to be unknown from the get-go. Is it possible to use cash to purchase something like a Visa "Gift/Debit" Card, use this for the Monero purchase, and then place the funds into the Tails wallet for marketplace use? The goal being that it's never known who the initial purchaser is (at least not by personal bank account or credit card). Thanks.

/u/Notchsmith OP · 1 votes · 3 months ago · Link

I forgot to ask in the post but should the vendor I get Monero from be from the same country when purchasing via debit/paypal? And could you recommend me a good, trusted clearnet wallet. Thanks.

/u/Hungry_Eyes · 1 votes · 3 months ago · Link

With debit card or PayPal, you are probably good with a vendor who accepts those forms of payment regardless of country.

I believe Feather Wallet has a Windows version, and I know the official Monero GUI and CLI wallets are supported on Windows as clearnet wallets. If you're running a 'nix version for your clearnet machine use the version of those wallets and they should function well enough on clearnet.

/u/yamamoto · 0 votes · 3 months ago · Link

this is absolutely moronic, downright schizophrenic FUD, and if you knew anything about XMR you'd know better

/u/BiffMcDread · 1 votes · 3 months ago · Link

can you elaborate.

/u/yamamoto · 0 votes · 3 months ago · Link

read the monero whitepaper and source code. you can also try to find leaked government documents about it.

/u/BiffMcDread · 1 votes · 3 months ago · Link

you are not very helpful.. also since the white paper Monroe has changed a lot.

/u/yamamoto · 0 votes · 3 months ago · Link

if you need to be spoonfed everything and are incapable of doing your own research you should not be using anything complicated or risky until you are able to

/u/decibelsour · 1 votes · 3 months ago · Link

What exchange are you using? When I used Binance back in the day they froze my account after buying monero and transferring to a personal wallet off the exchange. I usually just buy BTC or another crypto then swap to monero on fixedfloat using Tor

/u/yamamoto · 1 votes · 3 months ago · Link

as soon as the funds go into XMR, it's completely untraceable and anonymous. you could purchase XMR from law enforcement at a police station and they'd be unable to trace it. anyone saying anything else is spreading FUD.

/u/BiffMcDread · 1 votes · 3 months ago · Link

there's nothing to be afraid of. I am having a Montero wallet linked to a crypto exchange as entry to the monero chain and then several wallets I use for different purposes.

/u/Asteria · 1 votes · 2 months ago · Link

I want to add that there might be further considerations to take into account based on your threat model:

  • Limitation of leaving traces with your personal information buying Monero

  • Reducing the likelihood of successful statistical analysis on your transactions especially in future

/u/crucial_badger91 · 1 votes · 2 months ago · Link

I would suggest using cash with a bitcoin ATM. Buy bitcoin to a new/never used address, convert to monero with any no-KYC exchange like, send to a new/never used monero address...and you would be free to spend without issue from that.

Could also move from that original monero wallet to another to add more assurance.