I made this quick guide for Monero (XMR), but I guess it works for every other privacy coin, so decided to share it here with the wider community as well.
š± Fear nothing, anon!
Monero and other privacy coins are being delisted from Binance Belgium, but if you still need a fiat ramp to get privacy coins, try using nanoš § as an efficient facilitator.
Follow these 4 steps:
Get nano from a CEX Withdraw nano to a self-custodial wallet Swap XNO <> XMR (or your favorite choice) in a swap platform Safe storage of your monero/privacy coin in a self-custodial wallet
XNOš § is probably the best tool to be used in swap platforms due to its characteristics as a means of exchange:
A. Zero network fees (Ó¾0.000000000) B. Instant settlement (~400ms finality) C. Fully circulating supply of Ó¾133.24 million
Ideally, you can also try to figure out ways to directly receive monero (or nano) as a payment for your work, gigs, or other financial interactions – so you can avoid fiat ramps.
submitted by /u/vinibarbosa
[link] [comments]