Best way to buy Monero for begineers? (lemmy.ca)

submitted 2 months ago by starlight@lemmy.ca to c/monero@monero.town

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I am trying to buy Monero for the first time, but I don't know which way to the best and easiest and hoping to get some guidance. I have Cake Wallet and I can purchase Monero through there, but I can't tell if they have the best rates. I also came across Haveno, which is a decentralized Monero exchange, but I don't know if that something I should use. There is also Trocador. Of all of these options, which one would be the best for begineer? Note: I am just trying to purchase a small amount of Monero ($10-20), nothing big.

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[-] hetzlemmingsworld@lemmings.world 7 points 2 months ago

There you can find private Monero exchanges: https://kycnot.me/?categories=exchange&currency-mode=or&currencies=xmr

[-] starlight@lemmy.ca 1 points 2 months ago

Oh this great site! Now I can find other exchanges as well. Thank you!

[-] Alfredolin@sopuli.xyz 7 points 2 months ago

I have used retoswap successfully. However 0.11 Monero is needed in order to use it for the first time. (At the time I tried it)

Having a friend who can lend you something to start might be a good idea.

[-] rafael_xmr@monero.town 6 points 2 months ago

Or, retoswap orders can be created with a passphrase, so someone could contact you or OP and as long as you have the passphrase you don't need the 0.11 XMR bond to trade, and the passphrase unlocks it

[-] starlight@lemmy.ca 2 points 2 months ago

Interesting. I have just enough, but this information is helpful for the future. Thank you!

[-] silverpill@mitra.social 4 points 2 months ago

If you already have another coin, Trocador Swap is the easiest option (and you can get the best rates).

@monero

[-] Electricd@lemmybefree.net 1 points 2 months ago

Why do you @monero?

[-] silverpill@mitra.social 2 points 1 month ago

Without it my comment will not appear in the community. Lemmy does this automatically under the hood, but I use a different software (it is closer to a microblog than a forum).

@monero

[-] Electricd@lemmybefree.net 1 points 1 month ago

oh, okay, weird

[-] dawncollective@monero.town 3 points 1 month ago

A bit late to the question, but you can also use our Haveno instance dawnswap.com as the lowest amount to buy is 0.02 xmr. If you don't have xmr for the security deposit which is 5 % then let me know by PM and i'll provide you a passphrase for a trade order you can use to buy xmr without deposit.