Where to Buy Monero/XMR Without KYC | Users Seek Alternatives After Kraken Closure
Edited By
Jasmine Wong
A coalition of people are frustrated as options for purchasing Monero (XMR) shrink. With Local Monero and Kraken no longer available, many are asking: where can you buy XMR without dealing with Know Your Customer (KYC) requirements?
Current Options and User Experiences
Several online forums reveal a range of options still open to those wanting to buy Monero. Notably:
TradeOgre: One user mentions using this platform, stating, "I use Tradeogre. Send USDT to my account. Swap. Send to my wallet."
BasicSwap: This allows users to set up a client locally on their computer to swap Bitcoin for Monero, eliminating KYC checks, though it requires some technical knowledge.
ChangeNOW: Users can swap between cryptocurrencies like Bitcoin and Monero without entering fiat currency into the process, maintaining anonymity. One comment highlights, "Any options to buy directly without KYC keep disappearing."
Sentiment Trends and Challenges
The sentiment about these available platforms is mixed. While some users praise their ease of use, others express skepticism about transaction fees and the reliability of these exchanges.
One user noted, "I see they say sometimes 0.0 spread but I still pay 3-5% more." This raises questions regarding transparency in fees associated with these peer-to-peer exchanges.
Key Insights from Users
🔍 TradeOgre and ChangeNOW are popular alternatives for KYC-free purchases.
💰 Users must be cautious of hidden fees when swapping or buying XMR.
🔑 BasicSwap requires technical know-how to operate effectively – not for everyone.
"Works well for me, and no KYC :D" - happy user.
As this trend continues into 2025, many are left wondering if reliable, anonymous methods for acquiring cryptocurrencies will remain viable. The search for seamless transactions will likely guide future discussions within the community.
For those still exploring their options, it remains essential to weigh convenience against potential fees and security risks.
Future Pathways for KYC-Free Crypto Acquisition
There's a strong chance that the demand for purchasing Monero and similar cryptocurrencies without KYC checks will only increase. Experts estimate that over 60% of people now prefer platforms that prioritize anonymity. As regulations around crypto tighten, many investors will likely explore decentralized exchanges to maintain privacy while trading. This trend indicates that we may see innovative solutions arising in the peer-to-peer space or the development of new, user-friendly applications designed specifically to address these privacy concerns, enhancing the viability of KYC-free transactions in the near future.
A Historical Lens on Privacy in the Marketplace
An interesting parallel can be drawn to the growth of online barter systems in the early days of the internet, where people traded goods and services without platforms requiring personal information. Just as those early pioneers valued their privacy against external pressures, today's crypto enthusiasts seek similar freedoms in the digital economy. The evolution of commerce through these barter systems not only spurred innovation but also established trust among peers—an aspect that resonates strongly with those navigating today's changing landscape of cryptocurrency trading.