Agreed, I also have a holding in BTC and ETH. I tend to use XMR where possible. My main holding is shielded in XMR, due to all the benefits and safety of private and hidden capital. I consider my money as an issue between me and my local tax office, no one else.
But, I'm not agnostic. So, if someone only accepts CC I just transfer some funds to a prepaid CC. If someone only accept BTC or NANO I have no issue in creating a temporary wallet behind Tor and do a swap and pay.
Sounds good. Which wallet, DEX/platforms, websites would you recommend to get started?
We'll fish out the Monero white paper and give it a read too.
Cool!! Cake Wallet (mobile) is great, you can have multiple wallet incl. BTC, NANO, LTC.
You can not on-ramp directly to monero, so you create ex. a NANO wallet and an XMR wallet in Cake Wallet.
Go to your NANO wallet and hit "Buy", Cake will try to find the best price.
When you receive you NANO you just hit "swap" and choose your XMR addr. (in the address book icon). Cake will again try to find the best swap price for you. That's it.
So far, I am not relying directly on the DEX/CEX. As I don't do trading, I buy and hold. In the case of monero I also spend a considerable amount on anonymous servers, domains, stuff on XMRBazar etc. I guess you could probably slice the top of the cost by using Kraken or Bisq, but I can live with the additional 5% cost doing this directly from the wallet.
Gotcha, we'll bookmark this to go down the rabbit hole soon 🕳️🐇 thanks
Cake reminds us of the days of Pancakeswap and trying to earn the $CAKE token 😅
Maaaan, I'm realizing how much money I've lost to shitcoins 🥲
Oh well, better late than never 🫠
