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The original was posted on /r/monero by /u/LocksMans on 2024-03-28 00:09:25.


Most ways of buying XMR from P2P Exchanges use some form of a KYC service like a money transfer platform or a CEX. Weather that be Local Monero, Agoradesk or Robosats.

Recommendations of XMR adoption are typically through KYC Money Transfer Service or CEX coin exchanges rather then making a variety of p2p options that don’t require KYC at all.

Cash to mail maybe the only real way, within the Moneros philosophy of anonymity, to buy anonymously. And this works yes but isn’t ideal for adoption on a larger scale due its large inconvenience.

Money Transfer Services

At any time, your account could be deleted by these MTS for any reason they see as fit, with no reason ever given to you. They’ll even ban you, the sender of money, because you sent to a account that exchanges your cash to XMR. To even send on their platforms, one has to give a selfie, Identification, Personal address, Full name, Phone number. Worse of all, on all of these platforms, the recipient can see your full name, voiding the anonymous username you’ve used to sign up to for these p2p exchanges.

Centralized Crypto-Currency Exchanges

A CEX will ask for the same personal information but its even worse. If they ban you, they could hold your crpyto and lock you out. And they already force a hold on your crypto when you buy. They can track you outside the CEX because the blockchains on CEX all typically transparent. They could know that you’ve bought XMR and how much. Note the crypto you bought on a CEX would be tied to your identity. This is because the crpyto used to buy xmr goes to transparent block-chain to a known exchange wallet, from whatever crypto to XMR.

Creating more anonymous Fiat to XMR options

One thing that should be a more widely available option, with low fees and cost, is prepaid debits and gift cards.

Prepaid debit cards are perfect as they can be purchase with no ID and multiple can be purchase at a time, all with cash. Gift cards are in effect the same in their anonymity with prepaids as they also don’t require ID and once again can be purchase in bulk.

There needs to be more options in general for Fiat to XMR it can’t be through a CEX or MTS as you need to use KYC. The needs to be easier options, if you want no one to possibly to know that you hold monero or the amount. That should up to you.

In a world in which monero could one day be prosecuted, users can only be protected with non KYC methods.

If anyone has any more ideas in which one could buy XMR anonymously do not hesitate to mention or create a discussion.