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

  • unglueclass23@programming.devOP
    1·
    8 hours 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·
      6 hours 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