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Anonymous Tue, Jul 11, 2023 03:30:27 No.55518917 [Reply] [Original]

If one of the points of crypto is Anonymity especially privacy coins like Monero why is it so hard to convert cash to crypto in an anonymous way, All the exchanges that let you convert cash to crypto require some form of KYC wish kills your anonymity Most places don't have some kind of machine were you can put cash in and get crypto back.

>>	Anonymous Tue, Jul 11, 2023 03:32:23 No.55518928 >>55518917 >one of the points of crypto is Anonymity yeah thats why its a PUBLIC chain lmao retard >inb4 xmr op is talking crypto in general

>>	Anonymous Tue, Jul 11, 2023 03:44:06 No.55518993 >>55518917 >kills your anonymity On bitcoin, yes, they can trace every move your BTC makes. On Monero, no. You bought coins from them and they knew that anyway, KYC just formalised that. Whatever you do once you've got the XMR is anonymous.

>>	Anonymous Tue, Jul 11, 2023 04:26:35 No.55519198 >>55518993 OPs problem is all the KYC etc before he gets his hand on the XMR. Makes sense. There's no easy fiat to LTC to XMR on ramp

>>	Anonymous Tue, Jul 11, 2023 04:29:08 No.55519209 just buy btc p2p then atomic swap to xmr

>>	Anonymous Tue, Jul 11, 2023 04:29:58 No.55519214 >>55519198 it was never supposed to be traded for btc or whatever coin on exchanges. You're supposed to mine it or buy OTC, or get it by selling goods

Anonymous Tue, Jul 11, 2023 04:45:48 No.55519273

>>55519214
I see no problem with using changenow.io.

Ahh yes let me spend 2 years mining xmr so I can buy a gram of weed?

What if people can't mine it, isn't buying OTC essentially the same as trading on a Exchange? Unless its cash to XMR but I doubt it.

Only works if you're the seller.

>>	Anonymous Tue, Jul 11, 2023 04:57:43 No.55519328 >>55518917 >it so hard to convert cash to crypto in an anonymous way because they want to prevent money launderers

>>	Anonymous Tue, Jul 11, 2023 05:52:57 No.55519552 >>55519198 What is his exact problem with that?

>>	Anonymous Tue, Jul 11, 2023 06:05:14 No.55519584 >>55519552 What isn't the problem with it? Do you believe the govt should have total control over your money

>>	Anonymous Tue, Jul 11, 2023 06:14:04 No.55519624 >>55519584 That's not an answer.

>>	Anonymous Tue, Jul 11, 2023 06:43:28 No.55519703 >>55519624 Why do you feel entitled to an answer? This isn't my thread suck my cock

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