Monero

You can also buy XMR from exchanges that don't require KYC.

Sirs how viable is strat? Pls reply sirs and do the needful.

no clue what this is but I bet it’s comped as fuck based on that branding

I'm not sure what you specifically desire in terms of privacy, but yeah that would work fine.

decentralised exchanges like uniswap for eth will remove any requirement for KYC - KYC faggots will be like the red wojak with tears streaming down his face.

Government as we know it is over anyway, there's a very good chance that they are going to implode because their tax base is practically gone now that everybody is out of work.

Scam coin, it leeches off Monero's name and if you look on CoinGecko it's trading volume is under $1,000. I wonder if the guy who shills it in every Monero thread is also the creator.

> I'm not sure what you specifically desire in terms of privacy
What is this supposed to mean? Sorry, I’m not tech literate on crypto mumbo jumbo and dont really care. Just here to make money. Just bought Monero today since I saw the price charts and my instincts told me it’s going to go up.

But say I valued privacy, would my transactions still be untraceable from the initial bought monero from exchanges or did I do an oopsie and I’m traced no matter what because of that KYC?

KYC'd BTC: Your transactions are traced on chain forever and associated with your identity.

KYC'd XMR: Your transactions are completely private as soon as you take the XMR off the exchange into your own wallet.

poloniex.com no KYC needed. Buy ETH legally somewhere, use tornado.cash to anonymize it, deposit to poloniex and buy XMR. Then withdraw it and have fun user

Shoo pajeet

You can send it to another wallet, sure.
I mean, if you need to launder money for "reasons" I would avoid the KYC exchanges.
That would eventually be a weak link.

correct but waiting a day or so helps with the anonymity

>Just bought Monero today since I saw the price charts and my instincts told me it’s going to go up.
Monero isn't as flashy as a lot of other coins but it's a solid hold, good choice.
>would my transactions still be untraceable from the initial bought monero from exchanges or did I do an oopsie and I’m traced no matter what because of that KYC?
What sets apart Monero is that all transactions are completely hidden, if you buy it at an exchange with KYC they'll know you have it, sure. But nobody can see how much Monero you have, or who you send it to. It is the bane of chain analysis companies.

>Binance:He bought 50 XMR
>Don't you mean an unknown amount of XMR
>Binance:No, he bought 50
? I'd go with Poloniex or Kucoin, like Anons are saying.

correction, as said an exchange will obviously know how much XMR you've obtained from them. But they can't know what amount's in your wallet.

Could they check the orderbooks? Or at the very least, see you put in 1BTC, then watch as your account goes to 0BTC to [unknown amount] of XMR, and deduce you bought 1BTC's worth at market?

I bought most of my BTC with a LocalBitcoin/LocalMonero like website when I was still fairly green. Would recommend, but the ideas ITT are good too

Uh, well, I think so? Not sure. If somebody was interested enough to try and deduce that, though, I don't think the amount of Monero you ordered would be very relevant to them.

Spoken from the perspective of a holder, not a user. Having your money usage tracked is far worse. And as a holder you should be happy that if you ever cash out, binance will vouch for you when the government asks if you got those xmr dealing drugs.

There will always be weakest “links” in the underground world when they decide to money launder or transact their ill-gotten wealth with mainstream society even with fiat. And fiat is totally anonymous as it gets. That’s what fall guys and pawns are for. If you’re a crimelord, you will have guys at the forefront taking the fall while you will have operations behind the shadows. That’s how it’s always been from the Mafia to Al Capone to Pablo Escobar.

how so?