Wanna get into Monero. 0 experience with crypto. Complete beginner. Any good reading materials / tutorials I should start with that you could recommend?

  • xmrlist@programming.dev
    1·
    4 days ago

    Once you’ve bought some and set up a wallet, the next step is actually spending it, which is where it starts to make sense. I keep a list of places that take XMR, around 1,700 so far (VPNs, hosting, eSIMs, email, shops): https://xmrlist.com/ Paying for something you’d buy anyway, like a VPN, is an easy first try.

    • unglueclass23@programming.devOP
      1·
      4 days ago

      Yeah I got the wallet set up but still haven’t figured out how to actually get XMR.

      I installed RetroSwap but the “no deposit” offers from what I see tend to be not such a good deal. For example Monero -> Revolut swap. I pay 65 eur but only get 53 eur worth of Monero. I have read there is a fee for a transaction but from my understanding it’s like 7-20 cents depending on how many transactions / miners there are so I don’t think it’s that. I’m not paying 19% to go fiat -> monero. I could do my own offer or try to buy monero from a Cake’s wallet provider directly (which again not sure if I want to do).

      • xmrlist@programming.dev
        2·
        4 days ago

        Yeah, that 19% isn’t the network fee, that’s only a few cents. On RetoSwap the “no deposit” offers carry a big premium because the seller takes all the risk, and Revolut payments can be reversed. If you pick an offer where you put down a security deposit (you get it back after the trade), prices are much closer to market.

        The other cheap route is buying BTC or LTC on a normal exchange and swapping it to XMR with an instant swap. That’s usually 1–3% all in, but the exchange part will want ID.

        we put together a list of places to buy by country if it helps: https://xmrlist.com/buy-monero