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7
This is why fungibility (achieved through privacy) is one of the most important aspects of Monero, and required for sound money. (twitter.com)
posted 4 years ago by PutinLovesCats 4 years ago by PutinLovesCats +8 / -1
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– Mad_King_Kalak 3 points 4 years ago +3 / -0

Coinbase doesn't trade Monero. Where would be the best place to start?

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– PutinLovesCats [S] 1 point 4 years ago +1 / -0

Here is a copy pasta of my comment I made to another user asking basically the same thing:

I'm not an expert by any means, and am somewhat of a "latish" adopter. That said, which route are you comfortable with?

KYC/AML (ie. Submitting and taking a selfie of yourself with your Government papers proving identity), then Kraken to buy Monero with Fiat, then send to a software/cold wallet you are in full control over. Many choose Exodus or Cakewallet.

Not so down with KYC/AML for whatever your reasons? You can buy it on localmonero via many ways.

Not down with that? You can mine it with your CPU. Invest in mining equipment and either solo mine or join a pool. Payments get sent directly to your wallet. An example of this would be a Ryzen 5 3600 (most economical - doable under $400 USD) CPU rig and net you around: 0.093038 XMR a month on a pool. At today's price, that is: $24.88 USD. For more info on hash rates for CPU, check out betterhash and their mining profitability calculator for your CPU. Ryzen does the best with RandomX.

Hope that helps a bit, and I highly recommend checking out:

  • https://www.getmonero.org (official website)
  • https://old.reddit.com/r/Monero/
  • https://old.reddit.com/r/MoneroMining/
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– Mad_King_Kalak 2 points 4 years ago +2 / -0

Thanks king!

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– deleted 1 point 4 years ago +1 / -0
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– deleted 1 point 4 years ago +1 / -0

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