Welcome to XMR General, dedicated to the discussion of the world's leading privacy-coin! Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies. Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash. If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.
What wallet would you guys suggest I use to interact with CEXs as a middle man for my Monero GUI wallet if I use Monero as my transaction vehicle for all of it? Been looking for CEXs that I can get away with not KYCing myself instead of DEXs for now to cut on gas fees. Kucoin might be a good one, and I hear Binance is to if you keep it under 2 BTC. Thoughts? Life is interesting for a "Anonymous day trader".
Wyatt Walker
I sold weeks ago and I’m glad I did. Total shitcoin
Wyatt Wood
I've used Kucoin in the past and I like it. They did get hacked recently though so don't keep coins on an exchange for long unless you are willing to take that risk. Tradeogre is brought up a lot, though they have lower trading volume iirc.
Chase Jones
I'm surprised them getting hacked wouldn't lower that volume significantly. Well how bout that.
Got a nice update regarding dark net adoption monero chads: Was just on Dread and they have created a new DNM Bible. On this version they make it overwhelmingly clear that you should use Monero instead of Bitcoin. On past versions they had Monero listed as a suggestion. Now they are saying that you at minimum need to wash transaction history with Bitcoin The DNM Bible is generally considered the go-to read for noobies. We already know that the switch to Monero is happening, but with the momentum we are seeing now we will take completely over next year.
Christian Perry
OP is this true? Also monerujo or cakewallet for phone?
Levi Jenkins
Ok here's my plan for getting Monero. Plz advise.
1 .Buy LTC at crypto atm (less fees than BTC). ATM only requires sms confirmation. 2. Exchange LTC for XMR via changenow.
Henry Morales
same fud different day the ciphertrace 'tracing' method uses metadata to build probabilistic maps of which wallets might be associated with eachother. We don't have any idea how well it works, but there are certain aspects of Monero that are mathematically impossible to crack. The more consistent metadata you leave behind the more likely it is that a given metadata based 'tracing' method will be able to associate a transaction with you. Even then, the amount of information such an attack could gather is very limited. Can't tell you how well their method works without knowing what they're specifically doing, but I can tell you they haven't solved the DLP, and as such can't deduce amounts from commitments, the correct ring member from a ring sig, actual address from a stealth address and so on. kys bootlicking glownigger
Monero can't be directly tracked. Anybody telling you that doesn't understand how Monero works and is FUDing you. Monero doesn't prevent metadata however, so what is likely to happen in the future is KYC exchanges will have some sort of transaction graph linking the identity of the individual and the time and amount of Monero purchased and sent off of an exchange. This will allow the feds to loosely track Monero, and is the primary reason I believe Monero will become much more liquid over the coming years. Remember that Monero's blockchain doesn't allow you to see how much Monero someone holds, so while the exchanges will have the information of when you sent Monero off of an exchange, their knowledge of that Monero ends there. Think of Monero like digital cash. Once you withdraw Fiat from an ATM, the government is not able to trace what you are doing (with the exception of marked dollars). Ciphertrace has already stated (too lazy to dig up the tweet) that they can't directly trace transactions. They can create probabilities but again this comes down to metadata. >Also monerujo or cakewallet for phone? Cake Wallet is recommended a lot. If your LTC wallet has absolutely no connection to you (i.e. it's brand new) you are good. I haven't used changenow but I believe cake wallet can use it.
Brayden Edwards
Thanks user
Ayden Baker
>Cake Wallet is recommended a lot Cake wallet has a really annoying bug. When I use xmr.to to send a different coin, the amount of XMR reducted from my wallet is the fiat value of the transaction. this freaked me out the first time and I had to resync to fix it. If I try to send an amount that has a fiat value that is more than the monero value I have in the wallet it doesn't work. Don't want to leave a review on Google play for obvious reasons
Julian Jenkins
>If I try to send an amount that has a fiat value that is more than the monero value I have in the wallet it doesn't work. lol
Blake Anderson
indeed. can someone with a relatively user phone account let the team know somehow? I can't add it as an issue on github.
William Lee
Make a reddit account, go to the monero subreddit and let the creator know there. I’ve seen him active on it.
Isaiah Miller
Link?
Leo Powell
>Make a reddit account Yikes. I'll consider it, but if someone else with a reddit account could copy and paste the problem that would be much appreciated.
David Ward
have you tried searching duckduckgo?
Lincoln Allen
>KikE lmfao
Adrian Mitchell
I have been seeing that cakewallet since the update has been really buggy. Thinking of using Exodus as my middleman while I interact with Binance or Kucoin in the mean time.
Christian Scott
I haven't really noticed anything too unusual but we are having a ton of new users onboarding because of the dark net
Oliver Thompson
Total noob question but do wallets(installed ones but virtual ones on exchange websites) charge you money to send a payment to a different wallet? I have the exact amount I need in my wallet now, but I'm worried when I go to send it it won't work because I'll need to have extra on there to cover a fee.
Bentley Taylor
I meant installed ones, NOT virtual ones on websites.
Nathan Wood
monerofu :3
Brayden Bailey
Monero-chan is cute!
Easton Hughes
yeah there are transaction fees that go towards the mining network whenever you send Monero. right now, the amounts are less than 1 cent.
Lucas Murphy
Ah that's fine then, I'll just make sure to keep an extra few bucks on it, thank you
Isaiah Barnes
there is a transaction fee that gets distributed to the miners who propagate your transaction. You could try to send with 0 fees, but the miners will have no incentive to include your transaction (and not sure if the wallet would even let you send out with 0 fees)
David Fisher
Does it tell you what fee to pay when you try to send? Or should I just send a little bit extra than what I'm intending to send
Christopher Bailey
if trump rolls out kyc on cold wallets i think we'll see a rise in monero privacy coins are inevitable
Carter Martinez
fuck your Monero...Beam with Chainlink integration is taking over in the next year
