I am very new to monero and I need some help

Hi, I want to buy monero for later purchases. I need to know where to buy monero and a good wallet to store it. Also I need to know how to transfer the monero from exchange to wallet since not many exchanges encourage that.

submitted by /u/Mart1nBU
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[-] [email protected] 3 points 1 year ago

If you have an account at an exchange already (and they don't offer XMR) the easiest thing to do is to buy something like BTC or LTC and exchange it via a third party to XMR. You can both make the exchange to XMR and store the BTC/LTC/XMR in Cake Wallet on your phone.

If you don't have an account on an exchange yet, you can make one on Kraken (and live somewhere you can) and buy XMR with fiat and directly withdraw it to Cake Wallet or whatever XMR wallet of choice you have. I personally like Cake because they make it easy to exchange from LTC to XMR right in the app and had built in gift card purchasing (temporarily disabled).

A third option would be to forego the use of an exchange and use https://localmonero.co/ This may actually be the easiest option depending on what country you live in. There are local monero sellers that take everything from PayPal to Western Union transfers so you should be able to find something that meets your needs.

🤘🐺🤘

[-] [email protected] 2 points 1 year ago

I'm realizing this is on r/monero mirror so they probably won't see this... I wish reddit would just die already.

🤘🐺🤘

[-] [email protected] 2 points 1 year ago

Yep, i dpubt OP will see this great advice since they are on that crap site

this post was submitted on 24 Jul 2023

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