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

Have never used cryptocurrency before, all I know is that Bitcoin transactions can be tracked, Monero is the most widely accepted untraceable cryptocurrency, and many exchanges enforce KYC. I do not presently have the hardware to mine for myself at an appreciable rate. What do I need to know and use in order to set up a wallet, acquire crypto, exchange, and spend it as anonymously as I practically can?

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[-] gravitywell@sh.itjust.works 7 points 1 month ago* (last edited 1 month ago)

Kraken.com for kyc based purchases, or you could try retoswap which wont require kyc but is a bit more complicated.

Withdraw to a wallet such as cake or stack. If you cant purchase XMR directly then use a swap service like trocador.app to convert btc or ltc to xmr. Both wallets support swapping between coins.

https://kycnot.me/ is a good resource to check for more.

Once you have the xmr in your own wallet (not on an exchange) it is anonymous and safe to spend.

this post was submitted on 06 Aug 2025
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