2Settimana·

Privacy Coins

Never let a bear market go to waste.

I've been thinking for some time about buying some privacy coins like $XMR (-0,98%) Monero and $ZEC (-4,85%) ZCash in homeopathic doses, and now seems like the right time to do so.

I specifically chose these two because they have a long track record and are also the best known.

I have no intention of making a profit with them; I would hold them like a gold coin to have just in case...

Sure, if they quintupled in value, I'd probably sell some of them, but I'm also prepared to hold them until they're worth nothing if I have to.

I still have a few questions though...

I plan to buy them through a non-KYC exchange and hold them in my own wallet.

If at some point I want to exchange them back into $BTC (-2,04%) and then sell them, I won't be able to do that through regular exchanges as I will probably need to provide a proof of origin for the BTC.

In your opinion, what is the best way to convert these gray $BTC (-2,04%) into € or $?

What do you think of privacy coins?

Does anyone have any experience with them?

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12 Commenti

Stefan21@stefan_21

2Settimana

Just like Zerax says... P2P exchanges or spend.
The only potential problem is that banks now like to cancel your account when transfers from such P2P transactions are received. But that depends on the size, number and the P2P partner(s). If one of them is a criminal and sends you money, that's potentially problematic.

However, you can also sell Amazon vouchers and the like on P2P exchanges, for example. That would be the safer option in this sense.

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Luxury

@Luxury30

1Mes·

ZEC & LIT Observations from the Market

just wanted to share what I’ve noticed recently.

$ZEC (-4,85%) on Binance is trading around $530. It’s been a bit volatile, but there’s some short-term momentum and renewed interest in privacy coins. Feels like traders are picking their spots carefully rather than chasing hype.

On the other hand, new tokens like $LIT (Lighter) are running events on exchanges like BingX.

This isn’t a random airdrop it is more of a trading participation reward. For people who usually miss airdrops or aren’t eligible, this seems like a fair way to engage.

Would love to hear from others is anyone tracking ZEC’s price action or participating in the LIT event? Curious what strategies people are trying out.

#etfs
#crypto