Crypto questions
from diy@sh.itjust.works to privacy@lemmy.ml on 31 Jul 2024 10:36
https://sh.itjust.works/post/23012945
from diy@sh.itjust.works to privacy@lemmy.ml on 31 Jul 2024 10:36
https://sh.itjust.works/post/23012945
- When using Kraken to buy Monero, aren’t you concerned about potential data breaches that could lead to identity theft?
- How secure is Kraken when it comes to protecting user information?
- If you use a no-KYC exchange like CakeWallet, aren’t you worried about potential government investigations?
I’d like to get your thoughts on these options
I live in a EU member country
#privacy
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Don’t bother with crypto, it is a scam anyway
I’m not a US resident, so I can’t use Privacy.com. I’m also not comfortable submitting my credit card info to unknown websites. Plus, PayPal shares my full name with buyers, and I’ve heard bad things about Revolut online plus the Data breach in 2020. That’s why I think crypto is my only option. But i also dislikes crypto.
Your only option for what, exactly?
For buying things from websites I don’t trust
How about prepaid credit cards?
Depending on where you live Revolut might be an option for you. Unlike privacy.com its basically just an online bank where you can open an account and send money to/from, but they offer a one-time-use credit card (which changes every time you use it).
What are your thoughts on the Revolut? Have you used it, and if so, do you like it and trust it despite the data breach and the updated privacy policy (Screenshot of the reddit thread) that permits data sharing with marketing networks?
I use it all the time for the one time use cards, and it’s been effortless to use.
The data breach is of course bad, but no company is completely immune to those.
Privacy policy… Is not a great look (especially with the marketing being opt-out and having a convoluted process…) I honestly hadn’t heard about it. But even now I’ll continue to use it because weighing the marketing vs my CC details out there is still not a hard choice.
Thanks, you’re right. I am going to make an account and try it out
We will have to agree to disagree on that, as I have been using crypto for over a decade, and while there are lots of scams, there are legitimately great projects as well, such as Monero. These scams, unfortunately, get much, much more of the attention than the true honest to God innovations.
Thanks to Monero, I can have a server and domain even when my card is not working due to sanctions. And even when payment with a card is possible, there are still niches where one’d prefer crypto: even a transparent currency like Bitcoin, let alone Monero, is LEAGUES easier to use anonymously than a card/paypal/etc.
There are indeed tons of scams in the space - usually related to people wanting to get rich off of it. But there is legit useful tech too, and it should be separated from “cryptobro” space.
Proprietary money is a scam.