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How would you get started with Monero? (programming.dev)
submitted 5 days ago by to c/privacy@programming.dev
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Wanna get into Monero. 0 experience with crypto. Complete beginner. Any good reading materials / tutorials I should start with that you could recommend?

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[–] [S] 2 points 5 days ago (7 children)

Couldn't the gov track down my Monero wallet address through services like changenow or is that not an issue with Monero? Also if i'm reading correctly they do KYC:

ChangeNOW complies with applicable regulations using a risk-based approach. Suspicious transactions may trigger identity verification.

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  • [–] 2 points 5 days ago

    I've never been asked for identification. I imagine that would trigger if you're trying to swap very large amounts.

    A monero transfer should be untraceable but you can always use a holding wallet for changenow to deposit into and then send it to a full anon wallet for extra layers of security.

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  • [–] 1 point 5 days ago

    A monero wallet can generate as many transaction addresses as you want. It is not possible for an outside party to know if two addresses are owned by the same wallet. Even if you did reuse the same receive address, an exchange will only know about the transactions going into that address from their end and cannot discover what happens after that.

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  • [–] 1 point 5 days ago (2 children)

    fyi cake wallet supports monero so it's super easy to just buy btc or eth and swap it for monero within the same app

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  • [–] [S] 1 point 5 days ago (1 child)

    Is Cake considered to be one of the most popular / trustworthy wallet apps?

    I saw an interview with the founder but haven't got around to watching it yet. Saw some other people talk about it as well.

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