this post was submitted on 25 Nov 2025
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Monero

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This is the Lemmy community of Monero (XMR): a secure, private, untraceable cryptocurrency that is open-source and freely available to all.

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Warning: Freewallet is a Scam!

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Why Monero?

Monero is secure.

Monero can't be hacked to steal your funds, due to the power of distributed consensus. This means that you are responsible for your own money, and don't have to trust any entity to keep it safe for you.

Monero is private.

The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs.

Monero is untraceable.

By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to any particular user.

Monero is fungible.

Because of its on-by-default privacy technologies, Monero is fungible, which means that one Monero will always be equal to another. This ensures that there will be no discrimination over the origin or history of your coins, lessening the worry of potential blacklisting by exchanges or vendors.

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Monero, XMR, crypto, cryptocurrency

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Hey Monero people, I hope it's ok if I ask a few questions (and ok that I'm gonna crosspost this to monero.town even though you're phasing it out because the subbed number is higher), I trust you more than the LLM and ad filled search results.

What's the safest way to get monero from fiat anon in Current Year?

  • Buy, say, ETH kyc, and transfer?
  • Hodl Hodl or localmonero or something? (recs welcome)
  • other? Please share preferred

I'd rather burn a few bucks to not get ripped off, if it's reasonable, but I'm open to (I've heard you can somewhere) buy a gift card and do a transfer with escrow.

With Cake Wallet, I rolled a random name for my xmr wallet, would I lose anon if I named it a pre-used screen name(+xmr, btc, etc) and used subkeys? Who all can see the wallet name?

If I do end up with some kyc monero, what exactly does that mean to me? I still use it anon but have to pay taxes or something, or is it like, "now we know who is associated with this acct and you paid your weedman in XMR so now we send you to prison?" Should I have one wallet, kyc that one, and then send it to a second I keep clean, is that reasonable? Can I only accept non-kyc monero to my acct if I intend to stay anon? I'm so very new to this.

I'm really not planning on dodging taxes or buying/selling weed, actually mostly planning on using it as an inconvenient but private cashapp-type replacement (prob have like, btc, xmr, and eth wallets for variety just in case and store the funds as btc and xmr), but I'm privacy minded which is what attracts me to XMR to begin with, I'd like to plan for buying a gun that shoots fentanyl bullets on the darkweb and then in reality I'm paying my friend for watching my cat, or being paid for watching their dogs.

Lastly, is there anything else you think I'm too inexperienced to know to ask, but should be told? I mean consider me dumb, I don't know shit, I'm new to crypto entirely not just xmr or cake.

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