How to Buy Monero without KYC, AML or ID Verification

In this step-by-step guide, you will learn how to buy XMR coin without any ID or form of verification using a peer-to-peer marketplace..

By The 'Staunch

Monero is just like an alternative cryptocurrency to Bitcoin in the dark web.

It’s an open-source project created in April 2014, with the main focus on fungibility, privacy and decentralization.

Crypto investors have attempted to speculate on Monero’s price.

Monero is actually established for individuals seeking financial privacy, since its payments and account balances are entirely hidden.

This privacy feature particularly, is not the standard for most cryptocurrencies.

In this article, we will show you how to purchase any amount of Monero (XMR) without any identity verification.

Let’s begin …

How to buy Monero anonymously

To keep this tutorial understandably simple, we will guide you with a P2P marketplace that is dedicated to XMR.

Follow steps below to buy Monero anonymously without having to verify your ID online:

  1. Get a Monero wallet (Ledger Nano X)
  2. Locate your Monero wallet address
  3. Copy the crypto wallet address
  4. Visit LocalMonero exchange platform
  5. Search for Monero (XMR) on the list
  6. Select and buy from a trusted vendor
  7. Follow the vendor’s payment procedures
  8. Make payment to the vendor’s account
  9. Wait for the vendor to confirm payment.

Once the process is successful, you will receive the Monero (XMR) cryptocurrency in the exchange account wallet.

If you’re to keep your investment for the long-term, then transfer the privacy coin from the P2P exchange to a secure wallet.

If you’re still new, you can simply purchase from Crypton exchange, as it’s an anonymous and decentralized exchange without KYC registration.

Users does not need to verify his identity to register on the crypto exchange.

At the same time, the exchange provides secure purchase, sale, exchange or withdrawal of supported cryptos (e.g. XMR, BTC, USDT, DAI, CRP and UUSD).

CRP is the exchange native cryptocurrency token, while UUSD is a stablecoin based on the USD.

The main uniqueness of the P2P marketplace is that it is connected with the decentralized Utopia P2P ecosystem.

In case the exchange domain gets blocked, it will provide the ecosystem base for full, and also as functional operation.

To trade Monero on the exchange, you need an anonymous no-KYC registration, then you can start buying Monero on the platform.

Crypton Exchange does not restrict the use of Monero in any way, creating all conditions for safe trading with minimal fees.

To remain anonymous, stick to P2P marketplaces, or use methods like; cash by mail, ATM transfers, face-to-face transfers or gift cards.

What is Monero?

According to Wikipedia, Monero is an open-source cryptocurrency asset created in April 2014 with focuses on fungibility, privacy and decentralization.

Monero (XMR) uses an obfuscated public ledger, meaning anybody can broadcast transactions, but no outside observer can tell the source, amount or destination.

Transferring of XMR uses POW (Proof-of-Work) mechanism to issue new coins to miners (incentives) to secure the network and validate transactions.

Can you buy Monero with Credit Card?

There is no way to buy Monero with a credit card as at the time of writing this article, but the only option is to either buy Bitcoin with PayPal and then exchange it for XMR.

Can I buy Monero with PayPal?

The quick answer is yes. You can find sellers in LocalMonero, where you can trade your PayPal balance for SLL, used on the Second Life platform.

Can I buy Monero with bank account?

Yes it’s a bit possible, but not all that straightforward as you need to either Bitcoin or Ethereum on a reliable exchange like Binance, then convert it to XMR.

Can you buy Monero in Australia?

Yes of course. All you need is to follow through the process, and you will purchase any amount of Monero in Australia.

Can you buy Monero in Nigeria?

Yes you can buy XMR in Nigeria. All you need is to follow through the same process as listed above, and you will purchase any amount of Monero.

Can I use VPN to buy XMR?

Yes of course. To maintain complete anonymity, it is advised that you make use of the best no-log VPNs (Virtual Private Networks) to hide your transaction footprints.

How do I buy Monero with debit card?

Crypto platforms like Changelly allow you to buy cryptocurrencies with credit/debit cards instantly.

All you have to do is choose XMR as the token you want to buy, then select the fiat currency to pay for it.

Enter the wallet address where you will receive your XMR crypto-coin token.

Once the payment is confirmed, you’ll receive XMR in your specified wallet within 10 minutes.

Final words

Majority of cryptocurrencies are only good for speculation, but Monero is comfortably good for the long term strategy.

It’s a cryptocurrency that solves many privacy issues, by automatically applying privacy techniques to every single transaction.

You can have confidence that it is not possible to own ‘tainted’ Monero.

A concept in economics known as ‘fungibility’, and is historically considered an important characteristic for any currency to have.

Meanwhile, make sure to move it into your own cryptocurrency wallet. Never leave then on cryptocurrency exchange, because it puts them out of your control.

About the 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.

If you appreciate my efforts, then gift me some coffee!

Binance Exchange

Reliable crypto exchange by a developer known as Changpeng Zhao, who's now retired as CEO.

Ledger Nano X

Ledger released Nano X hardware wallet in 2019 to help crypto enthusiasts secure their digital asset.

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About The 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.