Monero (XMR) is a privacy-focused cryptocurrency that allows for anonymous transactions.

Unlike Bitcoin, Monero hides the sender, receiver, and amount of each transaction. However, many cryptocurrency exchanges require identity verification (KYC) before allowing users to purchase or withdraw Monero.

For those seeking more privacy when acquiring XMR, here are several methods to buy Monero anonymously or with no/minimal KYC:

Use a Decentralized Exchange

Exchanges like Bisq and LocalMonero allow peer-to-peer XMR trading without needing to provide personal information or ID verification. Trades are conducted directly between buyers and sellers.

Swap Other Cryptos for XMR

The Cake Wallet app features Trocador, a decentralized XMR exchange built into the wallet. Users can easily swap Bitcoin (BTC), Litecoin (LTC) or other cryptos for private Monero funds.

Buy BTC First, Then Trade for XMR

Exchanges like Kraken allow buying BTC without full identity disclosure. You can then swap the BTC for XMR using a decentralized exchange to avoid direct KYC for the XMR transaction.

In-Person and P2P Trading

Websites like LocalMonero and Monero meetup groups facilitate finding someone local to trade XMR with directly. This avoids centralized exchange requirements but may still require ID verification.

For securely storing, sending, and receiving XMR, Cake Wallet (mobile-only) and the Feather wallet (desktop) are ideal for beginners. Both are open source, easy to use, and offer additional privacy features. The key requirements for buying Monero anonymously are avoiding KYC-requiring centralized exchanges and sellers, and using secure, private wallets. With the right platform choices, you can acquire and transact with XMR while preserving your transaction privacy. But always conduct thorough exchange research and due diligence first.

Steve Dark

By Steve Dark

Steve Gais is a seasoned cybersecurity professional with over 10 years of experience in the field. He holds a Bachelor's degree in Computer Science from Stanford University and a Master's degree in Cybersecurity from MIT. Steve is known for his meticulous attention to detail and his ability to identify even the most subtle security vulnerabilities. When he's not researching protocols or playing in HackTheBox, Steve enjoys sipping on his favorite tea blend while munching on his favorite cookies. Despite his serious profession, Steve has a playful side and loves engaging in cybergames. Steve's twitter: