this post was submitted on 13 Oct 2023
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Privacy
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How do you get your XMR? I looked into it once but it seemed like a hassle
No shortage of different ways but most of them require KYC which basically instantly makes it in useless. You can, however, buy from individuals using LocalMonero.
I think you can get it with a credit card through the Cake Wallet app by buying a different crypto first and then swapping for XMR, this is probably the most user friendly way, though I can't personally confirm. You can buy it directly on Kraken, though the account setup is some effort. Here is a curated list of reputable ways to acquire, trade and use crypto without KYC, if not providing personal info is a priority for you.
I don't think it's actually that terrible for privacy to get it initially with KYC, because all they will know is that you purchased $X of crypto, so it's comparable to withdrawing cash from a bank.
Thank you! I'll probably just use KYC because I'm not a high value target and the alternative for me is just buying and spending Bitcoin.
I'd avoid KYC for a different reason - I just can't trust an exchange to keep such sensitive data safe. I thought of using Localmonero first (the usual recommendation), but then found a friend who can sell it to me for cash instead.