this post was submitted on 20 Jul 2023
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Quite basic question on Monero payment privacy

I have a quick question regarding privacy. I'm not planning to do anything illegal so I don't necessarily need to get my XMR through anonymous ways like Localmonero. I'd rather get the best exchange rates and lowest fees and prefer using my credit card or a bank transfer to get my XMR rather than physical cash.

Would any of these approaches still be anonymous?

  1. Go to a site like monero.com, buy XMR with my credit card with my own wallet as recipient, then use that wallet to purchase things (e.g. VPN subscription). I guess now monero.com (but only them) would be able to connect that wallet to my name?

  1. The same but transfer the money to another XMR wallet before spending it. Shouldn't that already create anonymity because the XMR blockchain doesn't show that the money goes from my Wallet 1 to my Wallet 2?

  1. Buy BTC or LTC with my credit card, change that to XMR (e.g. in Cake Wallet) and spend that. Obviously this would result in slightly higher fees due to an additional exchange. Not sure if this would be any better than just using two XMR wallets.

submitted by /u/joscher123
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