LiberLion on Nostr: Well, here I have prepared a small summary, although it is not exhaustive, it is the ...
Well, here I have prepared a small summary, although it is not exhaustive, it is the most important.
Visit getmonero.org for more info.
### **Where to Buy XMR (some Non-KYC Options):**
1. **P2P Marketplaces:**
- **Haveno:** A decentralized exchange (DEX) built for Monero, currently in development but promising for trustless swaps.
2. **Decentralized Exchanges (DEXs):**
- **TradeOgre:** A no-KYC exchange supporting XMR trading pairs (e.g., XMR/BTC). Low liquidity but privacy-friendly.
- **SideShift.ai:** A non-custodial swap service for converting BTC/ETH to XMR without accounts.
3. **Atomic Swaps & Aggregators:**
- **SwapSpace/StealthEX:** Aggregate multiple exchanges for seamless swaps (e.g., BTC → XMR) with competitive rates.
- **Cake Wallet/Feather Wallet:** Built-in swap services (via ChangeNOW or FixedFloat) to buy XMR directly within the wallet.
4. **Bitcoin ATMs (XMR-Compatible):**
- Some Bitcoin ATMs allow XMR purchases (e.g., via CoinATMRadar filters), though availability is limited.
### **Self-Custody Wallets:**
- **Desktop:**
- **Monero GUI Wallet:** Official wallet with full-node support for maximum privacy.
- **Feather Wallet:** Lightweight, user-friendly desktop wallet with Tor integration.
- **Mobile:**
- **Cake Wallet:** iOS/Android app with built-in swaps and multisig support.
- **Monerujo:** Android-only, open-source, and compatible with hardware wallets.
- **Hardware:**
- **Ledger/Trezor:** Support XMR via third-party interfaces (e.g., Monero GUI + Ledger).
### **Monero vs. Bitcoin: Layer 1 vs. Layer 2**
- **Layer 1 (Monero):**
- Built-in privacy via **ring signatures**, **stealth addresses**, and **confidential transactions**. All transactions are private by default.
- **Low fees:** Dynamic block sizing and Bulletproofs+ keep fees minimal (~$0.01–$0.10 per tx).
- No need for Layer 2 solutions (e.g., Lightning Network) since privacy and scalability are handled on-chain. Monero’s base layer is both secure and cost-effective.
- **Bitcoin Comparison:**
- Bitcoin’s Layer 1 is transparent and expensive for small payments, necessitating Layer 2 (e.g., Lightning) for cheap, private transactions. Monero achieves this natively.
### **Best Practices:**
1. **Privacy:** Use a VPN/Tor when accessing exchanges or wallets.
2. **Security:** Verify wallet downloads from official sources, store seed phrases offline, and avoid reusing addresses.
3. **Acquisition Path:** For minimal KYC, buy BTC via a non-KYC exchange (e.g., Bisq), then swap to XMR using a DEX or aggregator.
Monero’s architecture is #privacy by default at the base layer, making it superior for confidential tx without relying on secondary networks.
Visit getmonero.org for more info.
### **Where to Buy XMR (some Non-KYC Options):**
1. **P2P Marketplaces:**
- **Haveno:** A decentralized exchange (DEX) built for Monero, currently in development but promising for trustless swaps.
2. **Decentralized Exchanges (DEXs):**
- **TradeOgre:** A no-KYC exchange supporting XMR trading pairs (e.g., XMR/BTC). Low liquidity but privacy-friendly.
- **SideShift.ai:** A non-custodial swap service for converting BTC/ETH to XMR without accounts.
3. **Atomic Swaps & Aggregators:**
- **SwapSpace/StealthEX:** Aggregate multiple exchanges for seamless swaps (e.g., BTC → XMR) with competitive rates.
- **Cake Wallet/Feather Wallet:** Built-in swap services (via ChangeNOW or FixedFloat) to buy XMR directly within the wallet.
4. **Bitcoin ATMs (XMR-Compatible):**
- Some Bitcoin ATMs allow XMR purchases (e.g., via CoinATMRadar filters), though availability is limited.
### **Self-Custody Wallets:**
- **Desktop:**
- **Monero GUI Wallet:** Official wallet with full-node support for maximum privacy.
- **Feather Wallet:** Lightweight, user-friendly desktop wallet with Tor integration.
- **Mobile:**
- **Cake Wallet:** iOS/Android app with built-in swaps and multisig support.
- **Monerujo:** Android-only, open-source, and compatible with hardware wallets.
- **Hardware:**
- **Ledger/Trezor:** Support XMR via third-party interfaces (e.g., Monero GUI + Ledger).
### **Monero vs. Bitcoin: Layer 1 vs. Layer 2**
- **Layer 1 (Monero):**
- Built-in privacy via **ring signatures**, **stealth addresses**, and **confidential transactions**. All transactions are private by default.
- **Low fees:** Dynamic block sizing and Bulletproofs+ keep fees minimal (~$0.01–$0.10 per tx).
- No need for Layer 2 solutions (e.g., Lightning Network) since privacy and scalability are handled on-chain. Monero’s base layer is both secure and cost-effective.
- **Bitcoin Comparison:**
- Bitcoin’s Layer 1 is transparent and expensive for small payments, necessitating Layer 2 (e.g., Lightning) for cheap, private transactions. Monero achieves this natively.
### **Best Practices:**
1. **Privacy:** Use a VPN/Tor when accessing exchanges or wallets.
2. **Security:** Verify wallet downloads from official sources, store seed phrases offline, and avoid reusing addresses.
3. **Acquisition Path:** For minimal KYC, buy BTC via a non-KYC exchange (e.g., Bisq), then swap to XMR using a DEX or aggregator.
Monero’s architecture is #privacy by default at the base layer, making it superior for confidential tx without relying on secondary networks.