Hey Monero people, I hope it’s ok if I ask a few questions (and ok that I’m gonna crosspost this to monero.town even though you’re phasing it out because the subbed number is higher), I trust you more than the LLM and ad filled search results.

What’s the safest way to get monero from fiat anon in Current Year?

  • Buy, say, ETH kyc, and transfer?
  • Hodl Hodl or localmonero or something? (recs welcome)
  • other? Please share preferred

I’d rather burn a few bucks to not get ripped off, if it’s reasonable, but I’m open to (I’ve heard you can somewhere) buy a gift card and do a transfer with escrow.

With Cake Wallet, I rolled a random name for my xmr wallet, would I lose anon if I named it a pre-used screen name(+xmr, btc, etc) and used subkeys? Who all can see the wallet name?

If I do end up with some kyc monero, what exactly does that mean to me? I still use it anon but have to pay taxes or something, or is it like, “now we know who is associated with this acct and you paid your weedman in XMR so now we send you to prison?” Should I have one wallet, kyc that one, and then send it to a second I keep clean, is that reasonable? Can I only accept non-kyc monero to my acct if I intend to stay anon? I’m so very new to this.

I’m really not planning on dodging taxes or buying/selling weed, actually mostly planning on using it as an inconvenient but private cashapp-type replacement (prob have like, btc, xmr, and eth wallets for variety just in case and store the funds as btc and xmr), but I’m privacy minded which is what attracts me to XMR to begin with, I’d like to plan for buying a gun that shoots fentanyl bullets on the darkweb and then in reality I’m paying my friend for watching my cat, or being paid for watching their dogs.

Lastly, is there anything else you think I’m too inexperienced to know to ask, but should be told? I mean consider me dumb, I don’t know shit, I’m new to crypto entirely not just xmr or cake.

  • shortwavesurfer@lemmy.zipEnglish
    2·
    3 months ago
    • You can buy ltc and swap it for xmr using cake (easiest)
    • you can use RetoSwap (harder but p2p)

    XMRBazaar.com is an ebay/craigslist for products in the monero Circular Economy and has escrow/bond insurance to keep sellers honest

    Nobody can see your wallet name and it really doesn’t matter what your wallet is named because it’s not used anywhere except for your own personal identification. So you could call it Bob’s Wallet and nobody would care or know ablbout it.

    If you were to buy Monero from a KYC exchange, such as Kraken, then the government knows that you purchased Monero and that you pulled the Monero off of the exchange, but they no longer know what you’ve done with it after that. You could lose it in a boating accident or use it to buy something. They just don’t know. Imagine pulling cash out of an ATM. The bank knows that you withdrew this amount of cash, but does not know what happened to it.

    Do not sell Monero for fiat in any decent quantity because if the government thinks you are doing it as a business that will get you in a hell of a lot of hot water with them

    The best way to use Monero is either directly with somebody who takes Monero or by buying gift cards to stores that you need to visit and never going back to Fiat with it. Just imagine buying Monero as permanently losing fiat net worth. If that’s something you’re okay with, then great. If that’s not something you’re okay with, then keep it very small.

    • ArcaneSlime@lemmy.dbzer0.comOPEnglish
      1·
      3 months ago

      Hey shortwave! Pretty sure I remember you from the meshtastic comm!

      Thanks for the link, this is awesome! Might have to start selling something!

      Thank you for the walletname info, I’ll definitely be changing that to something more memorable!

      Dang those boating accidents, I’ve lost so much to them already! When will I learn?! ;D

      Good to know, thanks. Honestly I’ll try not to sell it at all, I’ll just keep it as monero and use it, unless I have to pay rent and that’s all I have for some reason and have to sell some off. Or gift cards as you said. I’ll still mostly be fiat for now tbh, but it’d be nice to move away from it a bit and I’d like to expand “I take cash, silver, gold, weed, or 9x19 parabellum as payment” to include “and xmr, ltc, eth, btc” lol.