Where to Buy Monero/XMR Without KYC | Navigating New Options Amid Delistings
Edited By
Aisha Malik
A recent push for options to purchase Monero comes as platforms like Local Monero and Kraken exit the scene. Users are seeking straightforward, non-KYC avenues amidst growing challenges.
Current Landscape of Buying Monero
As cryptocurrency exchanges tighten rules, buyers are on the lookout for alternative methods. With Kraken no longer offering Monero, many are left pondering where to turn next. Forums buzz with suggestions, reflecting a mix of optimism and skepticism among the crypto community.
Recommended Platforms and Strategies
RetoSwap is mentioned by several commenters as a viable option for purchasing Monero directly.
Alternatively, users can buy Litecoin (LTC) or Bitcoin Cash (BCH) and swap them at various exchanges.
Basicswap is highlighted as a free tool allowing users to convert Bitcoin to Monero directly without KYC checks.
Alchemix Pay and CakeWallet are also suggested as methods to buy Monero.
Some users noted that while they can acquire Monero easily, tracking broader transaction history might be more challenging once they've entered the Monero ecosystem.
Community Sentiment
One user expressed caution about centralized exchanges, stating, "They delisted Monero, and anyway it's centralized crap.” Others are more optimistic. A commenter looking to purchase Monero stated, "If you can buy Bitcoin, you can swap it with Basicswap.” The sentiment ranges from frustration over current options to enthusiasm for alternative solutions.
Key Points
📈 Users are adapting as Kraken and Local Monero exit.
💬 "If you can buy Bitcoin, you can swap it with Basicswap."
🤖 Basicswap provides a non-KYC route for transactions.
In a rapidly changing crypto market, the quest for anonymous transactions persists. As buyers seek alternatives, the community continues to share insights and strategies, aiming to keep Monero accessible amidst regulatory pressures.
Looking Forward in the Crypto Space
There's a strong chance that as regulators continue to clamp down on crypto transactions, more platforms will emerge that focus strictly on privacy. Experts estimate around a 70% increase in alternative non-KYC platforms by the end of 2025, driven by the demand for anonymity. With established services like Basicswap gaining traction, we may also see existing exchanges implementing solutions to cater to privacy-focused buyers. Additionally, as discussions about regulatory frameworks evolve, some larger exchanges might reconsider their stance on currencies like Monero, especially if user demand remains strong.
Unlikely Historical Echoes
The current climate around Monero mirrors the 2008 financial crisis when people turned to alternative currency systems as traditional banks faced instability. Concern over centralized systems drove many to look for decentralized solutions. The rise of barter groups and local exchange systems during that period displayed a creative resilience among communities seeking transaction methods outside conventional channels. Similarly, crypto enthusiasts are exploring innovative ways to exchange Monero, emphasizing that the quest for financial autonomy often sparks inventive solutions, even when it appears that the walls are closing in.