They want to self custody the XMR and not speculate on fiat.
Would you say getting it from a cex is a bad idea for them?
I want to teach them to get it P2P first. But buying it from a CEX is easier for them.
Discussion
Absolutely. Are they sure they want a permanent record of their buys at the IRS? Who wants that?
To me that sounds like a convenience trap.
Go to a Bitcoin meetup and find people that sell you Monero for cash. Or use RetoSwap with cash by mail or with a secondary bank account (soft KYC).
Alright, I'll teach them how to do P2P for Monero. It will be tricky since CEXs are easy and P2P is a lot more work for normies. 😂
I'll try to see if there's a Monero meet up in my area for us to go to.
I introduce normies to RetoSwap all the time. Is not that hard once they know their way around.
With limit orders they can even get it cheaper than market rate.
Just teach them three things.
CTRL - O if they have a dispute they want to resolve early
Always use a secondary bank account or fiat service that you are willing to get force closed.
Treat RetoSwap as a hot wallet.
Couple more things. There is a SimpleX chat group on SimpleX in case they have any troubles.
What's the main link to Retoswap? I don't want to go to a malicious link.
It's also on Github
Thank you!