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Initial crypto purchase : Monero | Torhoo darknet markets

Hello experts,

Is it safe to purchase BTC or ETH on coinbase, then move it like this:
Coinbase (BTC or ETH) > Trust > CakeWallet> Swap to XMR in CakeWallet> Trust (different wallet) > DNM

Also, are there any no KYC that allows to buy BTC or ETH using debit gift card?

Thank you
/u/apayani 🍼
1 points
6 days ago
I just made another post with a similar question. I just replaced the initial BTC with LTC and converted it into MWEB. So the LTC Transactions itself to the Cake Wallet is ano. Additionally the transaction costs are much lower in comparison to BTC or ETH.
/u/Jestin
1 points
5 days ago
So you bought the initial btc with a debit card or with cash at an atm(hypothetically)?
/u/unrully 🍼
1 points
6 days ago
[removed by moderators]
/u/AutoModerator M
1 points
6 days ago
Exodus is a closed-source wallet that uses non-standard fees. This makes your transactions stick out and harms your privacy.

Exodus is a closed-source wallet that uses non-standard fees. This makes your transactions stick out and harms your privacy.

This comment was posted automatically by a bot. All AutoModerator settings are configured by individual communities. Contact this community's Moderators to have your post approved if you believe this was in error.
/u/mardigras_shark2 🍼
1 points
5 days ago
Oh man. Short answer: no, not safe.

Long answer: I wouldn't touch anything related to coinbase remotely. But I like that you have a lot of steps, that's good. I'd recommend learn to buy your crypto via a p2p dex, but - if that's too technical - cakewallet is a popular option. Start there, get a coin (BTC or ETH you said you like) at a decent price, then swap it with a service like zenx-ink into xmr (swaps on zenx-ink average ~1-2%). Add some more swaps to further mix things up if you like, makes the trail more confusing for anyone following it.

So your method, coinbase is trackable, coinbase>trust still trackable, coinbase>trust>cakewallet trackable (all on public blockchain), coinbase>trust>cakewallet>swap to xmr ..... because XMR blockchain is obfuscated that's good, but cakewallet has your information (trackable) and if you do the swap in cakewallet with a 3rd party who asks for your information again? Super trackable. So yeah, don't, don't do it that way if you're trying to maintain privacy.