[Question] Get XMR using Trocador from the central exchange

uenelf@links.hackliberty.org to

Monero@links.hackliberty.orgEnglish · 1 year ago

Greetings. What privacy risks are associated with converting crypto, such as LTC or LN, to XMR via Trocador after providing KYC information?

You must log in or register to comment.

Chat

Monero@links.hackliberty.org

monero@links.hackliberty.org

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !monero@links.hackliberty.org

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

Rules

Don’t do unto others what you don’t want done unto you.
No Porn, Gore, or NSFW content. Instant Ban.
No Spamming, Trolling or Unsolicited Ads. Instant Ban.
Stay on topic in a community. Please reach out to an admin to create a new community.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

1 user / day
1 user / week
3 users / month
19 users / 6 months
1 local subscriber
147 subscribers
35 Posts
1 Comment
Modlog

mods:
c0mmando@links.hackliberty.org