$ (XMR) Monero

[Jotch]

Hello Kiwi Farms Monero community,

Following continued harassment of Null/Josh on his streams by me and a few other Monero schizos, he finally agreed to setup Monero Superchats for his streams and not only the Rumble superchats that could be cut off by the financial institutions at any moment.

View attachment 6683321

He also asked me to give him a short rundown on the current ways people can buy Monero, but to do it in the most painless and frictionless way possible.
I thought about it and decided to update the flowchart that someone else posted in this thread and that I also saw on /biz/.

View attachment 6683290

This is the simplest one I could make while still explaining things that need to be understood to get Monero.
What do you think about it, and do you have suggestions? I will also probably spread the chart once I'm satisfied with it and reuse it to harass other streamers into accepting Monero Superchats as well.

I like and agree with the flowchart, but you could also consider many exchanges will give you public cryptos without issue. Paypal is an example.
You could take their Bitcoin/Litecoin/Ethereum/whatever they offer and exchange it for monero on trocador.

 

[Sneeds]

Hello Kiwi Farms Monero community,

Following continued harassment of Null/Josh on his streams by me and a few other Monero schizos, he finally agreed to setup Monero Superchats for his streams and not only the Rumble superchats that could be cut off by the financial institutions at any moment.

View attachment 6683321

He also asked me to give him a short rundown on the current ways people can buy Monero, but to do it in the most painless and frictionless way possible.
I thought about it and decided to update the flowchart that someone else posted in this thread and that I also saw on /biz/.

View attachment 6683290

This is the simplest one I could make while still explaining things that need to be understood to get Monero.
What do you think about it, and do you have suggestions? I will also probably spread the chart once I'm satisfied with it and reuse it to harass other streamers into accepting Monero Superchats as well.

Are you going to be the first Monero superchat?

 

[Sneeds]

Also what casinos accept Monero, I want to pull a bossman

 

[gagabobo1997]

Also what casinos accept Monero, I want to pull a bossman

sadly not many.
there's monero.vegas though which has plinko and sports betting.

 

[The Stranger]

sadly not many.
there's monero.vegas though which has plinko and sports betting.

Does that site do the gay KYC shit if you try to withdraw a large amount?

 

[Monero Extremist]

many exchanges will give you public cryptos without issue. Paypal is an example.

For PayPal it is only true in a few countries, for example as far as I know PayPal doesn't allow buying any crypto in Europe and most of Asia, and in some other places they only allow buying it as an investment but never withdraw it.
I'm sure it could be a convenient alternative for some but for a good part of the world it's not an option so I wanted a place that's available pretty much everywhere (Kraken) to make the chart as easy as possible. A country-specific flowchart would be best of course, but too inconvenient for explaining to a wide audience.
For those that already have access to a place that can give them crypto they can indeed buy it there and then follow the flowchart that talks about if you already have crypto.

Are you going to be the first Monero superchat?

If I can I will, but I usually shleep when the streams are going on, which is why it was difficult to superchat in the first place, so another Monero enthusiast probably will.

hat casinos accept Monero

The most established nowadays is Monero.vegas as the other poster said, I bet on it for the elections and some sports, and do some plinko as well. But well, the house edge is 2% so you know you'll always lose in the end, it's a casino.

Spoiler: COME ON ONE MORE ONE MORE SHE'S GONNA SQUIRT

Does that site do the gay KYC shit if you try to withdraw a large amount?

No, never. The site never holds your money, there is no on-site wallet, no account, no KYC. You receive the money for your gamble/bet right after the result is known, which is 5 seconds after the gamble on plinko, and whenever the results are known for sports bets.

 

[The Stranger]

The site never holds your money, there is no on-site wallet

Damn that means you can't use it to launder other crypto into Monero

 

[AnOminous]

Does that site do the gay KYC shit if you try to withdraw a large amount?

They block Americans. Not sure and am not going to check whether they look the other way if you use a VPN, because sites that do that often pull some bullshit scam if you ever actually do try to withdraw.

 

[Monero Extremist]

Damn that means you can't use it to launder other crypto into Monero

The website is Monero only. No other crypto, no fiat.
And when it comes to laundering other cryptos, it's very easy to just swap it for Monero on Trocador and such. Once you have Monero there's no way to know where it came from or where it's going.

And once you have Monero and if it's small amounts ($1k per month or so) you can simply spend them to get gift cards, Amazon, Visa, Walmart and such. It's a lot easier than actually laundering your Monero into fiat at an exchange or do cash-by-mail.

They block Americans. Not sure and am not going to check whether they look the other way if you use a VPN

They do because accepting Americans is a huge pain in the butt, their government is pretty much the only one that will come after the website and its operators if their citizens play illegally. And yes the website doesn't care if you use a VPN, as long as your IP is not American it's all fine by them.
They have never scammed or blocked any withdraw for now, the process of sending you your earnings is automatic and it would be website-suicide anyway since the Monero people are quick to lose trust. But I guess they can always exit-scam the day they want to quit, like darknet markets sometimes do.

 

[Jotch]

Remember, you are perfectly within your right to buy crypto without any legal obligations. The issues arise when you sell it, you should report your income. Therefore, why sell it if you don't have to?
It's a currency not a stock, you wouldn't invest in the Euro and expect to make tons of money.

Therefore if you are trying to buy Monero (in Murica) to give to Jersh you have nothing to worry about. Because your spending is none of the gubbmints business if you are otherwise lawful, their only concern should be your income.

 

[Monero Extremist]

Since I was playing with flowcharts I made another one.
This one is aimed at an audience that knows basically nothing about crypto, including wallets, but still wants some Monero. My target in mind is trying to make it simple enough for women to understand and not be discouraged, no easy feat.

Of course this isn't the _most_ economical way to obtain Monero, but I'm trying to talk to low-motivation or tech illiterate people.
I estimate that buying directly from CakeWallet with a bank card would be up to 4-6% fees (depending on if you need to swap) compared to 0.4-2% fees on Kraken.
I think that this is optimal for people that don't care about crypto but still want some to buy something with it or make a donation, or even those that want to dip a toe into it but don't want to bother with registering on an exchange platform.



This might be better than the other flowchart in order for Josh to tell people very quickly how to get Monero, since people that know about crypto already know how to get crypto and swap for Monero.
For those that know nothing it can be explained with very few words: "Get the CakeWallet app, buy Monero with your credit card. If you can't, buy Litecoin instead and then swap your Litecoin for Monero".

 

[The Stranger]

I was looking at haveno-reto and bisq and there were a number of XMR sales listed at like >5% above the market value. Is buying XMR on a CEX at market price and reselling it on DEXs a legit strategy?

 

[AnOminous]

I was looking at haveno-reto and bisq and there were a number of XMR sales listed at like >5% above the market value. Is buying XMR on a CEX at market price and reselling it on DEXs a legit strategy?

I'd say anything where you buy something and sell it for a higher price is a legit strategy. I'm not sure how often these opportunities arise, though. One thing you might need to be concerned about it short-term capital gains taxes if you do it on a consistent basis (and aren't all "lmao I'm not a tax cuck").

 

[gagabobo1997]

Does that site do the gay KYC shit if you try to withdraw a large amount?

Probably not but I haven't tried anything more than a couple hundred bucks

 

[Jotch]

Hello yes I would like sell over 9000 XMR for silver coins please do not ask any further questions thank you saar

 

[The Stranger]

(and aren't all "lmao I'm not a tax cuck")

Isn't that one of the benefits of monero

Another thing I just thought of, if you're selling XMR on haveno via cash by mail what's the likelihood someone sends you counterfeit money? I'd imagine counterfeits are pretty hard for the average person to catch these days and that'd be a perfect way for someone to launder counterfeit cash.

 

[heloderma_suspectum]

Appreciate the charts. I haven't so much as touched cryptocurrency nor am I tech illiterate, but I'd personally like to avoid* (as much as reasonably possible) KYC just because I'm expecting every website will inevitably have a data breach. I try to privatize with that in mind, but after looking at the charts and browsing around the forum I'm still left with a few questions just to make sure I'm understanding correctly. Plus I do think Monero does fulfill an important purpose for the public despite feds hating it, would be happy to hold onto some extra to help fund the forum.

1. Would something like this be considered good practice without the higher fees of purchasing from Cake Wallet directly? I was thinking of doing the following depending on whether Haveno or Bisq have lower deposit fees for starting out:

Buy BTC via Cashapp. Send it to a Haveno-reto/Bisq wallet for security deposit (not sure how much this is for new accounts). Go through the song and dance of waiting for it to authorize, then make an offer (something private like eGiftcards). Someone accepts and the security deposit from both buyer/seller is put into an escrow. Send over payment for the XMR directly after and wait for the seller to confirm. Once it arrives, confirm you've received the XMR and if the trade is successful you'll get refunded your security deposit. Spend it as necessary and send the rest to a "cold" Feather wallet (possibly run inside a VM? not sure if this is necessary.)

3. If I wanted to trade on a network like Haveno-reto or Bisq (they seem relatively straightforward aside from starter limits, arbiters and needing crypto to initiate trades as a security deposit) are guides like this reputable? Would it be risky to run it directly in a Windows install or is running it inside of Whonix appropriately paranoid despite the fact Tor v. Tor connections are an issue unless you disable it? I'm aware both Haveno and Bisq have built-in Tor connections, but I'm not sure exactly how much extra security from the user is considered "safe" when working with P2P exchanges and Wallets on Android and Windows.

4. Are there any guidelines from experience or unspoken rules (aside from common sense) a newbie should know about P2P trading that isn't explicitly mentioned? Mistakes are inevitable but I'd like to avoid scamming myself as much as possible. So far I'm aware the best practice is to always keep coins in a non-custodial wallet, always use said wallets as an intermediary (see: Cashapp fuckery against another forum user), never share private keys/seed phrases, and use sub-addresses as necessary to avoid tying it all to one identity.

 

[Claude Sigma]

I'd personally like to avoid KYC just because I'm expecting every website will inevitably have a data breach

While you are correct, my current opinion on the topic is that it doesn't matter. You're not doing anything illegal or immoral by buying crypto, so I don't even try to advocate to people to avoid KYC to buy Monero, even if they intend on doing slightly illegal things with it, once you're in the Monero ecosystem you can't be tracked anyway.

If you mostly worry about fees, then you'd have to look in details at Haveno Reto and what offers there are, some are great, but in some parts of the world and with some payment methods, usually you'll get a penalty compared to market rate. In most cases it's more economic to keep it KYC and buy Monero directly on Kraken, or buy LTC on Kraken then swap it to Monero.

If you still want to buy with as little KYC as you can, then yes, you can buy crypto on Cashapp (I recommend Litecoin, you'll save a bit of money with the transaction fees, and it's faster). If you want to use it for Haveno deposit, you'll need 0.11 XMR minimum (20 dollars or so), so you'll need to swap your LTC/BTC to XMR in the first place, I too recommend Trocador for that.

Concerning wallets and OS for OpSec, there are two tiers as far as I'm concerned:
1 - You do not think the police raiding you and doing computer forensics on your devices is a possibility, in which case you shouldn't care about that stuff, just take whatever trusted wallet, no need to run your own node, and no need to use a special OS, windows or android is fine.
2 - You think the police raiding you and doing computer forensics is a possibility because you're a big political agent, a big tax fraudster, or a drug seller, then you will need to use Tails/Whonix. You can read about all the paranoia and precise OpSec done for those that are at risk on the Darknet Bible that I attached to this post. If you want to read more about advanced opsec I recommend browsing/posting on Dread.

Other than that you're pretty good to go my man. The guides you link are reputable and your plan is sound. You're more prepared than 99% of people buying Monero and trying to use Haveno. If you want to see how cavalier people can be about it, browse r/monero and r/darknet, even those retards manage to get Monero after doing halfhearted attempts.

And if you're a schizo that doesn't even want to buy Bitcoin with Cashapp because you feel like it could be used as an entry point for the police to interrogate you about where it went and what you did with it, I can send you the 0.11 XMR you need for deposit, I trust you'll send them back to me after you do your transactions, I don't mind.

 

[The Stranger]

Are Bitcoin ATMs KYC-free? If so it'd seem like a solid way to get Monero without KYC. Deposit cash at Bitcoin ATM, use Trocador to swap to XMR. No cash by mail shenanigans required.

 

[Claude Sigma]

Are Bitcoin ATMs KYC-free? If so it'd seem like a solid way to get Monero without KYC. Deposit cash at Bitcoin ATM, use Trocador to swap to XMR. No cash by mail shenanigans required.

It's not as great as one might hope. There's a reason why the "Bitcoin ATM" craze went away and people don't care that much anymore.
The fees are high for obvious reasons, but also they pretty much all require some sort of KYC depending on the local laws and regulations.
For some of them you have no KYC up to a certain amount (I think some places in Europe don't care if you buy under 150€ or so), but most will either ask for a phone number (linked to your identity), or to scan your ID.

Some people still use them to get some low amounts of Bitcoin to swap to Monero to buy their weekly/monthly drugs on a DNM, but most people simply get KYC crypto via a website/app and swap to Monero if necessary. There's nothing illegal about buying crypto after all.