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How to Buy Monero Anonymously

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by COINS NEWS 203 Views

Using Crypto Exchange Platforms

An option for anonymously purchasing Monero is using a traditional style of exchange platform but importantly one that does not have Know Your Customer (KYC) requirements. Of course, many crypto exchange platforms do not offer anonymity benefits. However, a few of them do. Among them include;

  • Crypton exchange. The Crypton exchange is one such crypto exchange offering anonymous options. This platform provides services with absolutely no KYC. Hence making every sale, purchase, withdrawal, or exchange private.
  • Cryptex exchange. Cryptex is another platform designed to help investors purchase Monero anonymously. It offers natively obscured blockchain-based transactions hiding information such as the sender, recipient, and amounts. While the exchange does ask for email and postal address it does not require a standard KYC check.
  • TradeOgre exchange. This is another exchange where you can use popular cryptocurrencies such as Bitcoin and the stablecoin USDT to purchase Monero (XMR). TradeOgre also has no KYC requirements.

Exchanges are plentiful and finding one that offers Monero (XMR) as an option and does not demand KYC information can be challenging to find. Another option that can be used to search for viable options is a service called KYCNOT.ME. This website offers the user the ability to filter the results of non-KYC exchanges by the XMR currency.

Peer-to-Peer Exchange (LocalMonero)

There are tons of exchanges available today offering XMR purchases. However, not all of them offer the anonymity advantage and because you are dealing with an exchange, that exchange may one day be targeted by authorities for reasons we may only speculate about currently. IMO this is the way to purchase XMR with the most anonymity.

One very popular peer-to-peer exchange available for Monero is LocalMonero. This exchange platform allows investors to buy the coin directly from the seller with no KYC requirement on the platform that is hosting the communication between the two parties.

Swap Cryptos for Monero

Another option is swapping one of your other crypto assets for Monero. For instance, you can swap BTC, ETH, or other coins for Monero. But how? You start by buying your BTC from a trusted crypto exchange platform like Binance, Coinbase, or even LocalCryptos. You cannot remain fully private when buying BTC since it's not an actual privacy coin (When you buy on CEX even if it is XMR it can be tracked).

After buying your BTC, you can now swap it for Monero. A good option allowing investors to Swap cryptos for Monero is StealthEX. As the name suggests, StealthEX is a stealth crypto exchange platform offering limitless Swaps. It will enable you to swap many crypto assets available within their offerings, including BTC, XMR, and ETH.

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