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Is it safe to buy Monero directly on LocalMonero without cash-by-mail? (ie Paypal/BankTransfer)

by /u/WetSocks14 · 1 votes · 2 months ago

I'm still relatively new to the darknet (I've read through the Bible and have been doing a lot of research). Now I need to figure out how to easily/safely get Monero. I see that you can anonymously buy Monero via cash by mail, but is that necessary? Can I just buy Monero on LocalMonero with Paypal/Bank transfer? Is that something that would raise any red flags? It's not illegal and it can't be traced, so that shouldn't be an issue, right?

And to make sure I have this right, this would be the flow of Monero (right?): LocalMonero-->Feather-->Market/Vendor

Thanks :)

Edit: For reference, I'm in US, using Tails/Feather/Tor

Comments (2)
/u/glownigger123 · 1 votes · 2 months ago · Link

It shouldn't raise any red flags no. Once you have the Monero in your self-custodial wallet then you can spend it without it being traced, that is the point of using Monero. Buying it with cash by mail is more private because then the glowies will not know how much you have if you take good care of fingerprints, but that is the only benefit really.

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

One thing to note. Buying Monero with Paypal on P2P exchanges is not advised due to the fact that most advertisers charge absurd fees/ margins due to the risk they face from chargebacks. I strongly suggest using a non-reversible payment method such as SEPA (EU) or Zelle (US) to get margins around 2-4%.