Users Seek Alternatives | Buying Monero Without KYC Grows Tougher
Edited By
Tania Roberts
A rise in demand for Monero (XMR) comes amid the removal of key trading platforms like Local Monero and Kraken. With options dwindling, traders are on the hunt for reliable, non-KYC methods to purchase the privacy coin.
Where Have All the Good Options Gone?
The significant changes to cryptocurrency exchanges have left many users feeling lost. With Kraken's delisting of Monero, users now look for accessible alternatives. According to one user, "They delisted Monero; anyway, it's a centralized mess." Others expressed similar frustrations with evolving trading landscapes, seeking less regulated venues for their transactions.
Current User Recommendations
Exploring New Platforms and Methods
RetoSwap: A user suggested this platform for exchanging Monero, indicating a potential underground resurgence in trading avenues.
Local Options: Peer-to-peer solutions seem to be gaining traction. One individual mentioned selling Monero, hinting at local trading communities more adaptable to privacy-focused transactions.
Basicswap: This tool allows users who can buy Bitcoin to swap it directly for Monero without KYC requirements. "It's a free tool that you install on your PC," shared a community member.
Potential Challenges
While these options may provide some alternatives, concerns about security and trustworthiness loom large. Some participants are wary of dealing in exchanges and tools that don’t verify identities. One comment noted, "As soon as you're in Monero, they will only know that you bought Monero, not that you did much else with it."
"If you can buy Bitcoin, you can swap it with Basicswap, and it's a solid option," noted a user suggesting peer-to-peer exchanges.
Key Takeaways
🛠️ RetoSwap emerges as a potential alternative for purchasing Monero.
🛡️ Users recommend local peer-to-peer methods, prioritizing privacy and ease of transactions.
🔄 Many turn to tools like Basicswap for seamless swaps between coins without identity verification.
As the demand for Monero persists in 2025, how will the shifting landscape of exchanges affect access to privacy coins in the months to come? Users remain hopeful but cautious, navigating a tighter regulatory environment while seeking to maintain their anonymity.
What Lies Ahead for Monero and Privacy Coins?
As crypto regulations tighten in 2025, there’s a strong likelihood that more trading platforms will impose restrictions on privacy coins like Monero. Experts estimate around 60% of current exchanges may continue to limit access due to compliance pressures, pushing many people towards decentralized solutions. With the rise of peer-to-peer marketplaces and user-driven platforms, Monero enthusiasts could find greater availability in non-traditional means of acquisition. However, this environment may also lead to increased risks, as unverified transactions can attract fraud. Ultimately, the demand for privacy-centric currencies is unlikely to wane, particularly as privacy concerns remain a central issue in the digital economy.
Echoes from the Past: The Fall of the Silk Road
Looking back, the situation resembles the evolution following the shutdown of the Silk Road in 2013, which opened the floodgates for decentralized marketplaces. Just as Bitcoin adapted to these changes, so too will Monero find pathways to thrive in a tighter regulatory atmosphere. The underground economy is known for its resilience, just like traditional markets that evolve after major disruptions. This adaptability highlights how people can creatively respond to limitations, ensuring the pursuit of privacy coins like Monero continues despite challenges.