Monero is an alternative to Bitcoin in the dark web.
It’s an open-source cryptocurrency created in April 2014 with the major focus on fungibility, privacy and decentralization.
Crypto investors have attempted to speculate on Monero’s price.
Monero is actively encouraged to those seeking financial privacy, since payments and account balances are entirely hidden.
This privacy feature particularly, is not the standard for most cryptocurrencies.
In this guide, I will show you how to purchase any amount of Monero (XMR) without any identification or verification.
Let’s begin already!
How to buy Monero anonymously
For the sake of clarity, I will use LocalMonero peer-to-peer marketplace specifically to guide you althrough.
Below are the simple steps you can follow to buy Monero anonymously, without having to verify your ID online.
- Get a Monero wallet (Ledger Nano X)
- Locate your Monero address
- Copy the crypto wallet address
- Visit LocalMonero P2P platform
- Search for XMR on the list
- Select and buy from a trusted vendor
- Transfer the crypto-coin to a secure wallet.
Congratulations… you have successfully bought Monero privacy coin from a designated P2P exchange!
Once you buy using a bank transfer or PayPal, there will always be a privacy leak due to the records kept by the payment processor companies.
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 from one point to another uses a POW (Proof of Work) mechanism to issue new coins and incentivize miners to secure the network and validate transactions.
Why Monero XMR?
Most existing cryptocurrencies, have transparent blockchains, meaning that their transactions are openly verifiable and traceable by anyone in the world.
Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person’s real-world identity.
XMR is a leading cryptocurrency with a focus on privacy and censorship-resistant.
Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.
Its transactions are confidential and untraceable.
Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts.
Monero is a grassroots community attracting the world’s best cryptocurrency researchers and engineering talent.
Over 420 developer have contributed to the Monero project, including 30 core developers.
The forums and chat channels are welcoming and active.
Monero’s Research Lab, Core Development Team and Community Developers are constantly pushing the frontier of what is possible with cryptocurrency privacy and security.
Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.
There are no multi-day holding periods and no risk of fraudulent chargebacks.
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.
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.