Some qestions about buying Monero with fiat... (monero.town)

submitted 1 year ago* (last edited 1 year ago) by LosTim@monero.town to c/monero@monero.town

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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.

How are most people acquiring Monero with Fiat?
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?
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

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[-] shortwavesurfer@monero.town 1 points 1 year ago

I will answer #3.

No, the kYC platform knows that you sent somebody money, but as long as you don't add a note that mentions crypto, monero, etc they would not know what it was for.

[-] thecam@lemmy.world -1 points 1 year ago

The easiest way for most people is a kyc exchange like Kraken. LocalMonero is better as long you buy from someone who does not require kyc and the best forms of payment is cash by mail or cash using an atm if your in Australia.

There is also buying bitcoin or litecoin at a crypto atm and swapping the btc/ltc for xmr on a swap service like changenow