How to buy, earn and spend KYC-free Bitcoin and Monero (without ID or a bank account)

anarkiocrypto.medium.com

How to buy, earn and spend KYC-free Bitcoin and Monero (without ID or a bank account)

anarkiocrypto.medium.com

@c0mmandoMA to

Monero • 1 year ago

Cryptocurrencies are a private and financially inclusive payment method outside of the state’s monopoly on money and identity.

cross-posted from: https://community.hackliberty.org/post/4

This guide describes how to buy Monero via cash in person, cash by mail, money orders, Bitcoin ATMs, Azteco vouchers and gift cards. Also discusses how to earn Monero by selling products and services, finding Monero jobs and mining Monero at home. An introductory merchants list shows you where you can spend Monero, with more options in Monerica.com, KYCNot.me and AcceptedHere.io. No ID, credit card or bank account required.

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Monero (XMR) is a decentralized cryptocurrency. It uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories.

The protocol is open source and based on CryptoNote, a concept described in a 2013 white paper authored by Nicolas van Saberhagen. The cryptography community used this concept to design Monero, and deployed its mainnet in 2014. Monero uses ring signatures, zero-knowledge proofs, “stealth addresses”, and IP address–obscuring methods to obfuscate transaction details. These features are baked into the protocol, though users can optionally share view keys for third-party auditing. Transactions are validated through a miner network running RandomX, a proof-of-work algorithm. The algorithm issues new coins to miners, and was designed to be resistant to application-specific integrated circuit (ASIC) mining.

Monero has the third-largest developer community among cryptocurrencies, behind Bitcoin and Ethereum. Its privacy features have attracted cypherpunks and users desiring privacy measures not provided in other cryptocurrencies

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