Hey All,

This community has been super helpful so far. And was hoping you guys might be able to answer some simple questions I had about acquiring Monero.

  1. How are most people acquiring Monero with Fiat?

  2. I’ve looked into using localmonero but was unsure about the pros and cons of various payment methods. PayPal, Venmo, etc. Is there a standard localmonero Meta for lack of a better term?

  3. Wouldnt all ways to purchase monero on localmonero effectively be KYC. Since all of the various apps used to send fiat would have to have my info?

Answer some or all of them, or just go off about whatever you want since I’m trying to soak in as much tribal knowledge as possible.

Thanks in Advance

  • crab
    5·
    1 year ago

    1. localmonero

    2. cash by mail, otherwise I was recommended cashapp because its pretty irreversible

    3. if sellers decide to collaborate with government, but its a lot harder than established exchanges that keep records. if cash by mail then its not an issue.