cross-posted from: https://lemmy.dbzer0.com/post/58363954

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.

  • RheumatoidArthritis@mander.xyz
    2·
    1 day ago

    The eth -> xmr route is probably the best, you can buy eth for cash in atm for extra anonymity. Then use one of non-kyc exchanges to swap it. Don’t ever reuse the subaddress you used on the exchange and you should be good, if you feel extra paranoid you can transfer xmr to a new wallet after receiving it. Each transfer you make covers your tracks a bit more.

    • ArcaneSlime@lemmy.dbzer0.comOP
      1·
      1 day ago

      Oh that’d (ATM) be perfect! Looking it up it seems the non-kyc exchanges these days (I remember hearing about Kraken back in the day, but) are Best Wallet and GhostSwap? Would you recommend one of those or another one idk about?

      As for not reusing the subaddress, do you mean use a brand spanking new subaddr for GhostSwap every single time I exchange and never reuse it, but I can keep my second internal swapper addr and the third one I give to “customers” for transactions static?

      Or do you mean use one for the exchange every time and ONLY for that, then swap it to an internal only I know, and have a third on my Mastodon for donations (ok I won’t actually be doing that prob, but I mean the one I send people for transactions) keeping them all consistent but separated?

      Thanks for all the help!

        • ArcaneSlime@lemmy.dbzer0.comOP
          1·
          21 hours ago

          Thanks for the links and the help!

          Can you do infinite subaddrs or does that mean my wallet has to change every so often?

          And if I’m understanding correctly, if I’m buying ETH or LTC kyc and then exchanging without kyc to XMR at a diff subaddr every time, and then sending it another hop as XMR to myself, I wouldn’t need to worry about varying the subaddrs on that one since those two XMR transactions are already obfuscated with 16² decoys, so I can rotate basically a new shell wallet every so often and keep my main?

  • hetzlemmingsworld@lemmings.worldEnglish
    2·
    1 day ago

    In my layman opinion, you can exchange or swap from ETH (or other cryptocurrency) to a XMR as you have mentioned, then just send received XMR into another wallet of yours, resulting in anonymization (breaking the trace), details: https://lemmings.world/post/10085958

    Other option is RetoSwap (Haveno Reto) as mentioned by MalMen, but you need some XMR to start.

    • ArcaneSlime@lemmy.dbzer0.comOP
      1·
      1 day ago

      Thanks! That link definitely helped a lot! Do you know if it matters what the wallets are named? Say I use my randomized one to exchange the ETH to first and then the second one is ArcaneSlimeXMR that I spend out of, can anyone see that name or is it just the receive address that anyone can see? It’d help me keep it organized instead of having to remember which wallet is which.

      It also appears I can send it to another subkey within the same wallet (I think lol) according to the post you linked above, which might be easier.

  • MalMen@monero.town
    2·
    2 days ago

    The fiat on ramp is allways the bottleneck, once you are in crypto you can for a imstance use haveno reto to search a trade with usdt or eth… Regarding dollars or other fiat currrency i AM not sure how haveno is reliable