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Got some silly noob questions. I wanna quit being a no-coiner, buy just a little first and then save it on my pc using e.g. electrum. But all the guides showed up in search results just told me to use coinbase or the like, which I'm not gonna freaking do of course. Is there any place to find ppl to trade with and is there any precautions to take when trading crypto with ppl irl? Also, when I'm trading with someone, how do I calculate the money I have to pay him? Is it like just the amount of, let's say, bitcoin that I'm buying, multiplying its price and plus the transaction fee? If so, how do I know the transaction fee?

>>54594 localmonero or localbitcoin Usually they'll say how much coin they want.

>>54594 Can't go wrong with localbitcoin or localmonero. If you prioritize privacy, use bisq (and keep an eye on haveno which is an in-dev bisq fork focused on monero and with a few changes) although it isn't best for fast deals.

>>54595 >>54611 thanks, I will have to read their ToS first. bisq seems nice. For some reason it's maxing out my cpu all the time, tho.

>>54611 localbitcoin has been fuarrrked for years, it requires KYC and doesnt even let you trade face-to-face cash localcryptos is one extra alternative to check. It is annoying that it doesnt have monero, but it does do encryption for messages between traders unlike localmonero.co

>>54769 >but it does do encryption for messages between traders unlike localmonero.co uh.... if you're not doing it yourself then encryption is meaningless. Just use trader PGP keys, a lot of them have them. Also with localbitcoin, I just used it to contact traders directly & pay in cash. Usually they're chill with it. One guy brought his GF, I guess because it made him look cool to be handed $400 cash.

>>54626 It does that with me lol, I think it's because it runs a bisq node while open. Your offers that you place are hosted by you and disappear when the client isn't open.

>>54773 many traders are inept with PGP. Even if they try to use it they fuarrrk up and are not consistent with it; you never know when someone will write something unencrypted

>>54773 That wasn't his gf, silly. It was a bodyguard assassin. To protect him from unwieldy buyers and potential ambushes.

if you need monero the best way is to go from LTC to XMR. least fees, you'll get fuarrrked by anything else. use changenow.io this is of course if you decide to not give a soykaf about privacy >Also, when I'm trading with someone, how do I calculate the money I have to pay him? Is it like just the amount of, let's say, bitcoin that I'm buying, multiplying its price and plus the transaction fee? If so, how do I know the transaction fee? any solid wallet will tell you how much is actually being sent and how much the fee is

>>54773 Encryption can be audited, ideally you'd want to use age encrypted files as PGP isn't great but it will probably suffice.

>in search results just told me to use coinbase or the like, which I'm not gonna freaking do of course. Find a techie person, maybe you already knew someone who already has a wallet or is a known local crypto king, ask them to send you coin/crypto and pay/meet them IRL. That's how you start. Don't use meme app. Just use the original cryptocurrency tools.

>>54781 Did she have long claws and cybernetic eyes?

>>54773 When trading in person, do you have to wait until the transaction is confirmed? Or you only have to see the guy pushing the send button and pay your cash and just go?

>>54802 >Just use the original cryptocurrency tools. Way too expensive I am not going to pay hundreds of $$$ for transaction fees. Just face it it is useless to use most cryptocurrencies currently as they intended to be used. Oh how do you know you are about to get fuarrrked by scamming capitalist zealots in cryptocurrency world? They don't bring up the transaction fee

>>54929 bitcoincash (BCH) has low transaction fees https://bitinfocharts.com/comparison/median_transaction_fee-bch.html

Can someone shine some light on this for me. Anons have previously mentioned that buying BTC and then buying monero for yourself with it is anti-privacy, a way to own yourself. I don't understand how this is the case, a single monero wallet can have multiple recipient addresses that cannot be backtracked to the owning wallet. Am I wrong? So if my identity-tied BTC wallet has a record of a transaction to some monero address that only I know is my own, and that I've never shared this address publicly, there is no way for anybody to find the associated monero wallet from this record? In that case wouldn't that be a fairly good move in terms of privacy? My one counter argument is simply that anybody that sees the record from my BTC wallet to an anonymous Monero address could very easily assume that I am the owner, as it stands out from the rest.

>>54944 with monero it's all probabalistic. Wallets can have multiple addresses and for all intents and purposes there is no way to link them (I think... been a while since I looked into it). There is a low chance of tracing an individual transaction to an address, and the probability of tracking a chain of transactions decays exponentially. Typically I do a couple of transactions to myself when buying monero privately.

>>54944 >BTC wallet has a record of a transaction to some monero address Maybe things have changed since when I learned about this stuff, but I'm pretty sure you can't send bitcoin to a monero wallet. You sell your bitcoin to some intermediary (exchange) and buy monero. The exchange knows the BTC address it received the payment from and the XMR address it deposited to. And it knows your name and address due to KYC regulations. monero employs a mixing scheme of unknown efficacy to hide the destination address so there is some level of anonymity. And of course you can send the monero to yourself as many times as you want for extra mixing, but you'll be paying a transaction fee each time. >anybody that sees the record from my BTC wallet to an anonymous Monero address could very easily assume that I am the owner Yeah that's basically how the tracking works. Some addresses are known, some are unknown but they can usually connect the dots. January Larry buys 0.5 BTC and transfers it from his coinbase account to anonymous address #1, February Larry receives 0.5 BTC from anonymous address #1 to his coinbase account and cashes out. Is it any mystery who owns anonymous address #1? (And if it was, Larry would be required to pay taxes on it so it's not like he can deny it)

>>54944 Your BTC wallet #1 -> Exchange's BTC Wallet -> Exchange's XMR Wallet -> Your XMR Wallet #1 -> Your XMR Wallet #2 >>54949 XMR transaction fee is currently just a fraction of 1 cent.

>>54951 >XMR transaction fee is currently just a fraction of 1 cent. Doesn't that depend on how fast you want your transaction to go through?

>>55004 For XMR it's about 20 minutes on average for full confirmation (10 confirmations). Unless you need to trade this received XMR ASAP there's no point paying more. For merchants, like with BTC and BCH, the confirmations don't matter since the first notice the merchants receive which happens within seconds prior to all confirmations is good enough to confirm payment. Of course, there are merchants, like some VPS providers I've seen, who wait until at least 3 confirmations for BTC payments, who are frankly ignorant about crypto and think they're important enough to get attacked by anyone with the resources to attempt a double-spend attack (think PLA, CIA/NSA, Bureau 121, etc.) and are unaware that no double-spend attack has yet to ever been successful since the inception of Bitcoin.

>>54594 anyone got hardware wallet recs? is the ledger nano the go-to hardware wallet these days?