Altcoins News
By Steven Anderson
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Buying Monero (XMR) with Cash
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Monero Outreach recently published about how easy it was to buy Monero and about what it takes to buy XMR privately.
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They have discussed several ways to buy Monero with the main purpose being to buy it privately and also about buying it non-privately.
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The Monero blockchain is private and most of other blockchain networks are under surveillance and they are likely to not be able to be as private as Monero.
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The currency which is most relevant to buy Monero consist of characteristics like fungibility, decentralization, and immutability.
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They stick on to their ideal of “Not your keys, not your Monero.” They also call this as being the key to staying safe.
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Maheen Hernandez, writer at The Currency Analytics opined: “Mining is the most private way to generate XMR.
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Monero Outreach has to state that for practical purposes cash is fungible. They also have stated that for practical purposes trading XMR for gold, silver and other unmarked…
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The cash transaction to buying Monero according to Monero Outreach is done in person to have control over the privacy level of the transaction.
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The problem with cash transactions is that there are geographical limitations and it will not be possible for everyone to find someone selling Monero for cash in accessible areas.
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For every kind of currency that is used to buy Monero there are likely to be pros and cons and it is important to weigh it against the desired privacy and individual use case.
The Currency Analytics
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