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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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[-] machiavellian@lemmy.ml 6 points 1 month ago

As a general guideline, I recommend you watch a video or two about how Monero works. Don't know how strict your threat model is but it's always good to know what a tool can and cannot do.

I also recommend you run your own Monero node. MentalOutlaw explains pretty nicely why it's necessary and how to do it.

As for where to spend Monero, there used to be general indexes hosted on HackLiberty and Nowhere. But of the top of my head I can recommend XMRbazaar and ProxyStore.

In case your bored, an index of some intresting material to read.

this post was submitted on 06 Aug 2025
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