Best way to pay with crypto privately? Monero?
from plankton@programming.dev to privacy@lemmy.ml on 08 Jun 12:38
https://programming.dev/post/31833666

Mullvad gives you a discount if you pay with crypto, and monero is supposed to be the private crypto. What is the best way to get Monero? I’m in Canada

mullvad.net/en/pricing

#privacy

threaded - newest

HootinNHollerin@lemmy.dbzer0.com on 08 Jun 12:44 next collapse

There is a community for monero !monero@monero.town

plankton@programming.dev on 08 Jun 16:10 next collapse

Thanks!

FireIced@lemmy.super.ynh.fr on 09 Jun 03:27 collapse

It doesn’t really federate properly

RhondaSandTits@lemmy.sdf.org on 08 Jun 13:13 next collapse

Go to whatever service/exchange is easiest for you to buy a common crypto that has low fees (either Litecoin or Doge) and use changenow.io to swap to monero and send to your own wallet.

Use Guiwallet on desktop or for mobile you can use either cake wallet or monerujo wallet to hodl your monero.

Just transfer $20 into monero every couple of months and use it to buy time on mullvad as you need

plankton@programming.dev on 08 Jun 16:10 next collapse

Thanks!

FireIced@lemmy.super.ynh.fr on 09 Jun 03:40 next collapse

This is the easiest way.

  • Use a centralized exchange (like Kraken, Binance…)
  • Buy LTC, BCH, anything you want
  • withdraw that
  • Swap (exchange) those through a swap service, from the crypto you bought, to XMR.
    • trocador.app is an exchange aggregator that’s privacy friendly and Monero friendly if you want. They don’t take any cut and you can get better margins this way.
  • Optional but I recommend it: churn your crypto by sending all of it to yourself multiple times, waiting a few days between each churn. Easier to do with Feather Wallet on desktop as it has coin control. This minimizes the links to your identity: Monero shines through multiple transactions, but tx to tx can statistically be liked. The more you do, the blurrier it gets.
    • On Feather Wallet (which is open source), there’s a “coins” tab where you can see each unit of crypto you have, and can “sweep output” to “yourself (churn)” easily.
  • Spend your XMR, have fun :)
FireIced@lemmy.super.ynh.fr on 09 Jun 03:48 collapse

Additional notes:

The initial crypto should be a relatively famous one with low transaction fees so you don’t lose a lot in the process. The two I wrote are nice.

For swapping, the higher the amount, the lower the fee % will be. Always try trading over $20 to minimize fees.

jagged_circle@feddit.nl on 09 Jun 06:38 collapse

Doge? No.

DragonSidedD@lemmy.ml on 08 Jun 13:17 next collapse

The only crypto worthy of the name

jagged_circle@feddit.nl on 09 Jun 06:36 collapse

You dont even zcash?

There’s a few privacy coins

snekerpimp@lemmy.snekerpimp.space on 08 Jun 13:44 next collapse

Mining it for two or three weeks usually pays my 3 month plan at airvpn, with a modern AMD processor, not sure how the modern intel processors mine. It’s probably the best way to anonymously obtain xmr. Xmrig has good documentation and is fairly easy to set up. Cake wallet has a way to purchase crypto with a cc, but not xmr directly, would have to purchase litecoin then swap to xmr in the app.

plankton@programming.dev on 08 Jun 16:10 next collapse

Thanks!

FireIced@lemmy.super.ynh.fr on 09 Jun 03:26 collapse

Mining isn’t economically worth it and it’s also bad for your components’ health as well as the environment

snekerpimp@lemmy.snekerpimp.space on 09 Jun 04:20 collapse

Mining on a cpu is much less taxing than a gpu, and if you do it intermittently and do not run all cores there’s no additional strain on hardware.

FireIced@lemmy.super.ynh.fr on 09 Jun 11:16 next collapse

20€ worth of XMR will still be more than 20€ worth of electricity. It ends up the same.

snekerpimp@lemmy.snekerpimp.space on 09 Jun 11:18 collapse

$20 of xmr is no where near $20 of electricity in the states, and having solar helps that number even more.

FireIced@lemmy.super.ynh.fr on 09 Jun 11:21 next collapse

I believe if it was worth it to mine, everyone would do it until it is not anymore, especially in countries where electricity is extra cheap

After testing on my machine, I ended up losing more than 10x the amount I paid in electricity in France. I’m not sure it’ll be better elsewhere. This was at 0.20€/kWh

snekerpimp@lemmy.snekerpimp.space on 09 Jun 11:25 collapse

Not everyone knows it’s worth it to do it. Fully understand where you are coming from, it’s not viable in some countries right now.

utopiah@lemmy.ml on 09 Jun 13:11 collapse

solar helps that number even more

Wouldn’t that assume you are not using all the electricity coming from your panels?

snekerpimp@lemmy.snekerpimp.space on 09 Jun 13:13 collapse

Correct, it does assume you took that power usage into consideration

irotsoma@lemmy.blahaj.zone on 09 Jun 14:25 collapse

Not sure that’s true. And mining on a CPU is even less efficient. Your hash rate will be way lower unless you’ve got a really high-end system with a really low latency bus and RAM. And if your hashrate is too low, it would take months for you to find a single block unless you’re pooling with a bunch of others and splitting the profit. It’s quite variable, but very, very few people can make profit on any popular coins. Too many people to compete with to find a block.

CashDragon@realbitcoin.cash on 08 Jun 16:11 next collapse

There is a decentralized and anonymous exchange where you can buy Monero for fiat currency. retoswap.com

If you already use a common exchange the best is to buy Bitcoin Cash then run it through CashFusion to break the link, then you can use it to pay for goods and services privately.

CashFusion - True Privacy on Bitcoin Cash - odysee.com/…/cashfusion-true-privacy-on-bitcoin-c…

explodicle@sh.itjust.works on 08 Jun 19:29 collapse

Monero is cool but this is a scammer account

davel@lemmy.ml on 08 Jun 19:54 next collapse

Virtually all of crypto is a scam as far as I’m concerned, but Privacy Guides seems to endorse RetoSwap: www.privacyguides.org/en/cryptocurrency/#buying-m…

CashDragon@realbitcoin.cash on 09 Jun 02:22 next collapse

All of fiat is a scam, I’ll take my chances with crypto.

SplashJackson@lemmy.ca on 09 Jun 04:26 collapse

All currency is a scam, I’ll stick to trading sex for food

FireIced@lemmy.super.ynh.fr on 09 Jun 03:34 collapse

I disagree with the first part, but apart from that, yea retoswap is reputable

CashDragon@realbitcoin.cash on 09 Jun 01:46 next collapse

You are an obvious liar.

FireIced@lemmy.super.ynh.fr on 09 Jun 03:35 collapse

Can’t say about the second like, but reto is quite known and trusted

jagged_circle@feddit.nl on 09 Jun 06:35 next collapse

Check the exchanges sections of monerica and kycnotme

monerica.com
kycnot.me

mas@jlai.lu on 09 Jun 10:55 next collapse

You can use a decentralized P2P exchange platform called Haveno to pay in cash (with or without mailing) :

github.com/haveno-dex/haveno

utopiah@lemmy.ml on 09 Jun 13:10 collapse

Private? I’m pretty sure any of the existing means are private in the sense that I, a random stranger, will not know about that transaction.

Do you mean anonymous? Pseudonymous? Hidden from your government or the government where MullVad is established?

I’m not trying to be pedantic here but rather to genuinely understand so that I can try to answer.