buying monero on getmonero.org and then transfering it to a hard wallet

jakesun64

jr. member

Activity: 47

Merit: 6

Quote from: mocacinno on May 07, 2021, 09:05:09 AM

Quote from: jakesun64 on May 07, 2021, 08:58:43 AM

Thanks. i have heard someone say that when you buy a hardware wallet with bitcoin, they know you bought the hardware wallet, but this does not prove that you bought a cryptocurrency with it if you only store and buy monero with it. Atleast they have no idea what, who, or how much was done on it, is this correct?

That's a rather tricky question TBH... Monero is a privacy-oriented coin, but if you buy a hardware wallet online using a credit card (or paypal, or wire transfer) and have it shipped to your home, then buy monero on a KYC exchange using a credit card (or paypal or wire transfer) and withdraw said monero to an address generated with your hardware wallet, i'm pretty sure certain 3 letter agencies will be able to track you down if they really wanted to.

No I would buy the hardwallet with bitcoin, and convert it to monero on a decentralized, p2p exchange, that does not have kyc.

mocacinno

legendary

Activity: 3612

Merit: 5297

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: jakesun64 on May 07, 2021, 08:58:43 AM

Thanks. i have heard someone say that when you buy a hardware wallet with bitcoin, they know you bought the hardware wallet, but this does not prove that you bought a cryptocurrency with it if you only store and buy monero with it. Atleast they have no idea what, who, or how much was done on it, is this correct?

That's a rather tricky question TBH... Monero is a privacy-oriented coin, but if you buy a hardware wallet online using a credit card (or paypal, or wire transfer) and have it shipped to your home, then buy monero on a KYC exchange using a credit card (or paypal or wire transfer) and withdraw said monero to an address generated with your hardware wallet, i'm pretty sure certain 3 letter agencies will be able to track you down if they really wanted to.

You would have to buy the monero P2P using cash, then transfer it to an intermediate wallet (so the seller loses the trail) and then move it to your hardware wallet... I guess that would make it harder to track.

Anonimity is a bit of a discussion point in this community. I, for one, think it's perfectly fine if you (or anybody else) don't want any invasion of your privacy and start using mixers, coinjoin or privacy coins. Others will probably think it's sketchy...

jakesun64

jr. member

Activity: 47

Merit: 6

Quote from: decodx on May 06, 2021, 09:56:34 AM

@jakesun64, this isn't appropriate for this forum board. This discussion board is dedicated to Bitcoin and Bitcoin-related topics. Your altcoin-related question doesn't fit that description.
You should move your thread to Altcoin Discussion: https://bitcointalk.org/index.php?board=67.0

Ok, thanks, I will move these subjects over there in the future.

jakesun64

jr. member

Activity: 47

Merit: 6

Quote from: mocacinno on May 06, 2021, 09:51:25 AM

I'm not a monero holder, but i quickly glanced at getmonero.org.
It seems to be a project page listing the exchanges and reference wallet (plus links to other wallets). This means you wouldn't be buying your monero from getmonero.org, nor would you be storing them in an online wallet (unless you specifically chose to pick one of the online wallets from their list).

You'd be buying monero from an exchange... Which is where most people buy their crypto... You can do P2P trades, but most people get their crypto trough an exchange (AFAIK). Some exchanges enforce a KYC policy, other are more private...

Once you buy the monero, you can transfer them to a hardware wallet, yes... You can probably do this straight from whatever exchange you pick, there should be no need to go "exchange" => "intermediate wallet" => "hardware wallet"... Instead, go "exchange" => "hardware wallet"...Both trezor and ledger support monero... And yes, you'll have to pay a fee in order to make the transfer.

Thanks. i have heard someone say that when you buy a hardware wallet with bitcoin, they know you bought the hardware wallet, but this does not prove that you bought a cryptocurrency with it if you only store and buy monero with it. Atleast they have no idea what, who, or how much was done on it, is this correct?

decodx

hero member

Activity: 1456

Merit: 940

🇺🇦 Glory to Ukraine!

@jakesun64, this isn't appropriate for this forum board. This discussion board is dedicated to Bitcoin and Bitcoin-related topics. Your altcoin-related question doesn't fit that description.
You should move your thread to Altcoin Discussion: https://bitcointalk.org/index.php?board=67.0

mocacinno

legendary

Activity: 3612

Merit: 5297

https://merel.mobi => buy facemasks with BTC/LTC

I'm not a monero holder, but i quickly glanced at getmonero.org.
It seems to be a project page listing the exchanges and reference wallet (plus links to other wallets). This means you wouldn't be buying your monero from getmonero.org, nor would you be storing them in an online wallet (unless you specifically chose to pick one of the online wallets from their list).

You'd be buying monero from an exchange... Which is where most people buy their crypto... You can do P2P trades, but most people get their crypto trough an exchange (AFAIK). Some exchanges enforce a KYC policy, other are more private...

Once you buy the monero, you can transfer them to a hardware wallet, yes... You can probably do this straight from whatever exchange you pick, there should be no need to go "exchange" => "intermediate wallet" => "hardware wallet"... Instead, go "exchange" => "hardware wallet"...Both trezor and ledger support monero... And yes, you'll have to pay a fee in order to make the transfer.

jakesun64

jr. member

Activity: 47

Merit: 6

I am a newbie to all this. Is it possible to buy monero on getmonero.org using their software, and then transfer it to a hard wallet. Are there any fees to do this? Online storage is not as safe, so I want it stored on a hard wallet. If I would trust anyone with my monero online though, it would be getmonero.org. I have a computer that I have had for quite a while, I don't like the thought of any kind of malware, keystroke loggers or any similiar things on my computer when buying and storing online. I do have a good antispyware installed, but I still don't trust that I dont have something on my computer that could jeopardize my online coins. But since I would only have a relatively small amount online at a time, and would transfer it to the hard wallet, I feel this is a good solution to store monero. Any thoughts?

Topic: buying monero on getmonero.org and then transfering it to a hard wallet (Read 101 times)