so for this video, we're going to explore purchasing monero on an exchange.
now, as we've talked about before, this is a perfectly acceptable way to purchase monero, even if it's an exchange that's kyc, meaning you have your password or id uploaded and validated on the exchange and your real name attached.
monero, once you transfer it becomes very anonymous and private.
so it doesn't matter if you purchase on an exchange.
once you transfer it out of that exchange to your own controlled wallet, like feather, for example, then essentially you're, it cannot be tracked.
and we'll explore trying to track it in later videos to kind of show you that evidence.
but for now, let's jump over to a popular exchange that we'll use for this video to actually purchase monero.
all right, so here on kraken, you can see that we have some coin already in here.
but if we wanted to actually buy more coin, we could obviously just click this giant buy crypto button and we would need to add a payment method to actually do so.
so once you add a payment method, you can then purchase monero on here or bitcoin, whatever you would like.
in this case, what we'll do is we now that we have bitcoin, let's say we wanted to turn this into monero on here.
if we wanted to either purchase it or just convert it, there is a nice button here under your home page to actually convert.
we can just click that and we'll convert from bitcoin to monero.
we'll type in monero, and we will click that to do the maximum amount.
so we'll get.
0.4 monero.
right now it's about 100 dollars in bitcoin, right?
so we can just confirm.
and there we go.
so our value, our portfolio doesn't change, right?
the amount we have goes down a little bit for the transaction fees, but now you can see our crypto assets are in monero.
so now we have monero and we're ready to send to our own wallet.
if we wanted to, all we have to do is click on here and what we could, we could go over here and click transfer and we can click monero, go over to withdraw, click monero, and then we would add a monero address to withdraw.
so we can type in what it is.
maybe we could say like, oh, this is our, this is our local wallet.
and we can add the withdrawal address to actually send it.
and that's all you would need to do.
so you can purchase from something like kraken.
now you have monero and you could transfer it out to your own wallet that you control, which i would definitely suggest doing.
don't leave your crypto in here, transfer it out to a wallet you control like a feather.
either way, you don't want to leave anything on an exchange.
have it in your own local wallet, but always make sure you have that local wallet seed so you can recover if you ever lose it.
and that's about it for this one.
super simple guide.
for bitcoin, things are a little bit different, so we'll look at purchasing bitcoin peer- to- peer, because we want to purchase bitcoin a bit more anonymously than we would monero, because once we transfer it, that does leave a trail.
so we'll talk about peer- to- peer purchasing with bitcoin.