How To Buy Crypto Anonymously

Time to start using cryptocurrency, but how to do it anonymously?

There have been a large number of people all over the world that have seen their Paypal, Venmo, CashApp, Robinhood, and similar services confiscated. These services, like rented website domains, are ripe for confiscation. If you don’t hold it, you don’t own it.

The resolution to this is to start using crypto, and there is a way you can do this without having to reveal your identity.

Buying Crypto Anonymously

Monero

Monero fixes this. Monero is a cryptocurrency that is private by default. No one can take it from you. No one can view your balances, transaction details, or amounts using a blockchain explorer, unlike Bitcoin and Litecoin. Most importantly, it allows you to participate in the counter-economy in a way that cannot be stopped. Read more about Monero and its privacy here.

You can use Monero to buy things. You can buy food from farmers, precious metals, land, property, and even vehicles with Monero. In fact, 20% of all businesses in the United States accept some form of cryptocurrency.

Over the years, merchants of all kinds have come to value the financial privacy that Monero brings. In fact, merchant adoption is continuously rising. If you are looking for places to spend your Monero, the directories below have some options. Please remember to do your own research before trusting them with your money:
Cryptwerk
Accepted here

Obtain Monero Anonymously

The 5 steps (As explained by LocalMonero)

Step 1
Register an account with LocalMonero. You get a free and secure online Monero wallet. No additional apps are needed. If you already have an account, skip to the next step.

Step 2
Go to the main page and in the search box fill in the form with the amount you want to buy in your currency, your location and a payment method. If you’re unsure how you want to pay, choose ‘All online offers’ as your payment method. The site will list Monero traders available in your region.

Step 3
From the list of advertisements, choose one from a trader with a good reputation score and a high number of trades. A green circle means the trader has been online today, a yellow circle means they have visited the site this week and a grey circle means that the trader hasn’t been here for over a week. You can click the ‘Buy’ button to view more information about an advertisement.

Step 4
After you press the ‘Buy’ button you’ll see more information about the advertisement, including the terms of the trade. Read through them before submitting the trade request, if you don’t agree with them you can go back to the previous page and choose another advertisement. To start the trade, type in how much Monero you want to buy and click the ‘Send trade request’ button to the start the trade. Be sure you’re ready to pay when clicking the button, if you don’t pay before the payment window is over, the seller will be able to cancel the trade.

Step 5
Once you have made the payment, click the ‘I have paid button’. Once the trader has verified that your payment has been received, your Monero will be released from escrow and they will be instantly available in your LocalMonero wallet. And that’s all there is to it, congratulations on your first Monero trade!

Here is a link to the LocalMonero Telegram Group if you would like to check it out.

One thing to take into consideration during this process is to use a VPN with LocalMonero, and set your proxy OUTSIDE the 5-eyes countries. It is ideal to use a proxy outside of your physical country of residence, mainly since there is a brewing war on cryptocurrencies. We discuss the best VPN to use in this article: Browsing the internet anonymously.

Once you are set up, the easiest way to obtain Monero is to use a cryptocurrency ATM. However, most of these ATMs require identification above certain purchasing thresholds. It is best when using an ATM to find one that does not require your ID to obtain any crypto assets supported. You can find local cryptocurrency ATMs that support Monero at Coin ATM Radar. Find the ATM with the lowest fees that support Monero there.

If you cannot find one that supports Monero, you can buy Litecoin and swap it for Monero after your purchase. Many ATMs require 2 factor authentication using a phone number, so obtain a PAYG “burner phone” that is not tied to your identity for this purpose.

Choose Litecoin as it has very low transaction fees, unlike Bitcoin, but keep in mind, Litecoin is a transparent blockchain, so you’ll want to get that switched back to Monero if being anonymous is your aim.

After you obtain the Litecoin, you can swap it for Monero at swap sites such as Changenow and Godex, etc. Changenow has the lowest fees.

Exodus is a good starter wallet you can use.

Privacy is important! Hopefully this article was useful to you on your journey to Anonymity.

Written by: 5u3ht3m0rp

This information was provided by 5u3ht3m0rp, an anonymous expert in cyber security who is dedicated to providing activists the tools they need to remain anonymous and untraceable.

2021-10-10T15:12:10+01:00

About the Author:

Jamie is a "rebellious vegan pixie" on a mission to help change the world for the better. He's here to assist people as they awaken by providing tools of empowerment. He's also here to help anyone working to play their part in making positive change and awaken others.