Localm0n3RO going away

[Dr-Octagon]

Anybody have anything p2p that's similar? Literally just just found out today

 

[rasetreydir]

Anybody have anything p2p that's similar? Literally just just found out today

After I just figured out how to swap currencies using my own wallet since i noticed more vendors using monero. I had hopes of lower fees w/XMR. LTC?

 

[porkandbeansboy]

Hmm I had no idea about this until reading this post, why is it gone now? To answer your question I've noticed most people doing what the post above me says which is basically buying another type of crypt0 c0in then trading it for M0n3r0 which is slightly more of a tedious hassle potentially but it should work just as good as local M0n3r0 did.

I'm not 100% sure though as I've personally never had to use M0n3r0 yet but I'm really determined to start using it as I'd rather support that type of crypt0 than the other more popular ones that are simply less anonymous in comparison.

 

[xenxra]

Hmm I had no idea about this until reading this post, why is it gone now? To answer your question I've noticed most people doing what the post above me says which is basically buying another type of crypt0 c0in then trading it for M0n3r0 which is slightly more of a tedious hassle potentially but it should work just as good as local M0n3r0 did.

I'm not 100% sure though as I've personally never had to use M0n3r0 yet but I'm really determined to start using it as I'd rather support that type of crypt0 than the other more popular ones that are simply less anonymous in comparison.

it's honestly not remotely as much of a hassle as it may seem and you'll save paying a major premium compared to using p2p platforms

once you do it once you're not likely to forget how to do it

cake wallet makes it fairly seamless to do it all in one place

 

[WTF7218]

it's honestly not remotely as much of a hassle as it may seem and you'll save paying a major premium compared to using p2p platforms

once you do it once you're not likely to forget how to do it

cake wallet makes it fairly seamless to do it all in one place

I am not a tech savvy person whatsoever, so it took me a while to figure out a good system, and part of that is cakewallet. I usually buy litecoin in Venmo, then I send it to my cakewallet. Once it’s received, I convert the Ltc to XMR.

After I just figured out how to swap currencies using my own wallet since i noticed more vendors using monero. I had hopes of lower fees w/XMR. LTC?

Were you getting high fees with this method? One of the benefits of XMR, in addition to it being anonymous, is the extremely low fees. The way I do it that I listed above has minimal feels. Venmo changes a small fee ($2.50) for the LTC transaction, and to convert to XMR through cake wallet is barely anything. For example, the fee for the last time I converted LTC to XMR was 0.0000445 XMR, which is $0.0077. This shit is not at all intuitive to me so it took me a while to figure out this system, but it’s easy and has minimal fees. I did try once to buy BTC or LTC through Cakewallet (they give you options to buy from various providers) to have it converted to XMR, but it was either high fees or too complicated - don’t remember what issue was.

I have seen people say it’s not a good idea to use cash app or Venmo to buy crypto, but I think that’s if you also send from there to the recipient. I think it’s pretty safe to buy from there and then send to your personal wallet. But again, this is a subject I am not very knowledgeable in. If anyone sees any problems, security or otherwise, with my method, please let me know.

 

[xenxra]

I am not a tech savvy person whatsoever, so it took me a while to figure out a good system, and part of that is cakewallet. I usually buy litecoin in Venmo, then I send it to my cakewallet. Once it’s received, I convert the Ltc to XMR.

Were you getting high fees with this method? One of the benefits of XMR, in addition to it being anonymous, is the extremely low fees. The way I do it that I listed above has minimal feels. Venmo changes a small fee ($2.50) for the LTC transaction, and to convert to XMR through cake wallet is barely anything. For example, the fee for the last time I converted LTC to XMR was 0.0000445 XMR, which is $0.0077. This shit is not at all intuitive to me so it took me a while to figure out this system, but it’s easy and has minimal fees. I did try once to buy BTC or LTC through Cakewallet (they give you options to buy from various providers) to have it converted to XMR, but it was either high fees or too complicated - don’t remember what issue was.

I have seen people say it’s not a good idea to use cash app or Venmo to buy crypto, but I think that’s if you also send from there to the recipient. I think it’s pretty safe to buy from there and then send to your personal wallet. But again, this is a subject I am not very knowledgeable in. If anyone sees any problems, security or otherwise, with my method, please let me know.

the whole sending straight to recipient thing is more of an issue when using the onion stores.

a big reason a lot of people would get caught up is because exchanges would keep a list of known addresses for markets because they would typically use a couple different hot wallets so it's easy for their system to automatically flag your account and then that would lead to a whole host of issues such as:
a) your exchange account being terminated
b) your exchange funds possibly being seized
c) transaction activity automatically reported to relevant enforcement

it's not really that much of a problem when sending it directly to a vendor unless they've been around for a REALLY long time and continue to use the same wallet addresses for receiving payments (I've actually seen this with a small amount of vendors on dbg, not the greatest practice if they ever get caught up)

bear in mind that everything I listed above is mostly a vector that comes into play when using anything EXCEPT monero because of how laughably easy it is to run block chain analysis on basically every other crypto people use (especially bitcoin!!! BTW to anyone using litecoin, it's equally as traceable)

that being said, for the sake of security, it's still recommended to to send monero to your own wallet first. they could just as easily flag a monero address; but once it's in your wallet, it becomes exponentially more difficult (nearly impossible) for anyone to figure out where it went after that.

another big issue I see almost nobody accounting for is the fact that one day block chain analysis is going to become so efficient, that if you get caught up one single time, they could easily pull up every other instance of you ever sending funds to a flagged address and then all of a sudden you lost a substantial amount of plausible deniability and could potentially even be hit with the book for orders they didn't even know you made. we're already at a point where there's a lot of software that will easily and rapidly display a complete web of all your wallet activity (see Breadcrumbs for example or look at some of the work by ZachXBT on Twitter (he's even been approached by the IRS for help but he doxxed the request and denied it)

 

[rasetreydir]

I am not a tech savvy person whatsoever, so it took me a while to figure out a good system, and part of that is cakewallet. I usually buy litecoin in Venmo, then I send it to my cakewallet. Once it’s received, I convert the Ltc to XMR.

Were you getting high fees with this method? One of the benefits of XMR, in addition to it being anonymous, is the extremely low fees. The way I do it that I listed above has minimal feels. Venmo changes a small fee ($2.50) for the LTC transaction, and to convert to XMR through cake wallet is barely anything. For example, the fee for the last time I converted LTC to XMR was 0.0000445 XMR, which is $0.0077. This shit is not at all intuitive to me so it took me a while to figure out this system, but it’s easy and has minimal fees. I did try once to buy BTC or LTC through Cakewallet (they give you options to buy from various providers) to have it converted to XMR, but it was either high fees or too complicated - don’t remember what issue was.

I have seen people say it’s not a good idea to use cash app or Venmo to buy crypto, but I think that’s if you also send from there to the recipient. I think it’s pretty safe to buy from there and then send to your personal wallet. But again, this is a subject I am not very knowledgeable in. If anyone sees any problems, security or otherwise, with my method, please let me know.

Appreciate the info, like yourself, I'm not too tech savvy myself. I have consistently heard that the method you're using is the way to go.
I had just read up on non-custodial wallets and someone much more knowledgeable than I suggested that particular one. It's essentially your own wallet that can't be shut down or put on hold etc. You have to buy crypto from some exchange, so your info re: personal, banking and receiving wallet is there for whoever to see ( Hopefully not in our cases though, yeah right). But from what I understand, after swapping then sending from cake or exodus, no one can see where that crypto was sent. Honestly, I'm still learning as I go and haven't used exodus for a sub yet, but the little bit of $ I've deposited in it to 'practice' makes it seem easy and user friendly. With small fees as well, though I haven't used it for much yet, but, I intend to. And through trial and error, I'll eventually get it all figured out. I think...

 

[xenxra]

there's a pretty straightforward guide on rentry you can use as a template

Exchanging Cryptocurrencies

Scroll down -> "Buy bitcoin" Moving from one coin to another through exchanges. For example, exchanging Bitcoin for Monero. Bitcoin to Monero How to Convert Bitcoin to Monero Using Trocador Trocador: https://trocador.app/en/ Trocador is a user-friendly and efficient platform that all...

rentry.co

 

[itslikewtf]

Why buy a different crypto just to convert it? Why not buy monero directly from an exchange then send it to your personal wallet?

 

[xenxra]

Why buy a different crypto just to convert it? Why not buy monero directly from an exchange then send it to your personal wallet?

that is not an option for everyone. if you're in the US, there is only one CEX to acquire monero on right now.

 

[porkandbeansboy]

that is not an option for everyone. if you're in the US, there is only one CEX to acquire monero on right now.

@xenxra What about Canada? Are there any good options there?

 

[xenxra]

@xenxra What about Canada? Are there any good options there?

maybe kucoin? not too sure though. probably would just be easiest to go the swap route.