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Investors have attempted to speculate Monero on its price.
It’s known to be an alternative to Bitcoin in the dark web.
XMR is an open-source cryptocurrency created in April 2014 with focus on fungibility, privacy and decentralization.
Monero is actively encouraged to those seeking financial privacy, since payments and account balances remain entirely hidden, which is not the standard for most cryptocurrencies.
In this guide, am going to show you how you can purchase any amount of Monero (XMR) crypto-coin without any identification and verification.
Let’s begin already!
Where to buy Monero anonymously
For the sake of anonymously buying XMR easily for beginners, am going to guide you through the whole process using LocalMonero P2P (i.e. Peer-to-Peer) marketplace designed specifically for exchanging Monero.
How to anonymously buy XMR
These are the simple steps you can follow to buy Monero anonymously, without having to verify your ID online. See the steps below…
- Get a Monero wallet (Ledger Nano X – Read review here)
- Locate your Monero address
- Login or register an account with LocalMonero
- Search and buy XMR from a trusted vendor
- Transfer the crypto-coin to a secure wallet.
Congratulations… you have successfully bought Monero anonymous cryptocurrency!
Remember; whenever you buy using a bank transfer, or PayPal, or other such payment options, there will always be a privacy leak due to the records kept by the companies that process your payment.
In order to avoid that privacy leak, stick to methods that involve cash deposits.
Use methods like cash by mail, ATM deposits, face-to-face meetings or gift cards.
Frequently Asked Questions
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.
This is 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 exchange, because it puts them out of your control.