Now that we know what Montero is and why it's so anonymous in this lecture I want to talk about how
we can by more narrow anonymously.
Now this task was much more challenging when we were talking about bitcoin because as mentioned before
bitcoins the ledger or the block chain is entirely public.
Therefore if our identity is linked to an address any transaction sent to and from this address will
be linked to our identity.
This is not the case with Monroe as mentioned in the previous lecture.
One euro uses ranked signatures to hide the source of funds and stealth addresses to hide the receiver.
Therefore if the block chain is analyzed there will be no useful information regarding the senders and
the receivers.
Not only that even the sender wants the money is sent from the sender the sender doesn't really know
where the money is going.
Again due to the use of stealth addresses which are not the real address.
So when you give a receiving address to a sender this address is only used once and it's not your real
actual address.
It's only an address to be used for a transaction.
Therefore if you think of it you can actually buy Monaro using any method and this method will be much
more anonymous than using bitcoins.
So even if you verify your identity when buying Monaro once you transfer your coins from the website
that you bought it to your own local wallet this money becomes untraceable and unthinkable to the account
that you used to buy Monaro.
The only way that this can be linked to you is if you make a mistake and OPSEC mistake and someone hacks
into your computer or if you're forced by a law enforcement agency to give information about where you
use that money grow so they'll be able to see that you bought Monaro on X Web site but they won't know
which wallet this money or a warrant went to and what it was used for.
Unless you go ahead and give them the information yourself with that being said there are some methods
that would be more private and more anonymous because sometimes we just don't want to share our identity
and our private information with online Web sites.
Even if this identity will not be linked to our wallet it's just not ideal.
What if that website gets hacked.
What about the employees working in it.
And the list goes on.
Again similar to any privacy concern so just like Bitcoin.
The most anonymous way of getting one arrow is to mine it yourself.
Use a powerful computer help maintain the one area block chain and with doing that you will be awarded
X are or many Arab coins and then use that to purchase or send funds to friends and family.
Now doing that is not simple.
I can actually make a full course on that and it's not feasible to everybody.
That's why I'm not going to cover it in this course.
The other option is again something that we discussed when we were buying Bitcoins is to use an exchange
so you can use any exchange you want.
Like I said even if the exchange requires you to verify your identity that's fine because once the funds
leave the exchange they will be untraceable and they won't be able to link your actual identity to your
monitor or wallet.
Not only that but some exchanges will not even require you to verify your identity.
If you're buying small amounts now these exchanges change their policies all the time so the ones that
don't require identity verification now will probably require it in the future and others that require
it right now might not require it.
Therefore the best thing to do is to come to get money or go to exchanges.
I will include this link in the resources of this lecture and go over them see which ones are allowing
people to buy Monaro without verifying identity.
And if you can't find any again it's it's okay to verify your identity and by one area because like
I said your identity will still not be linked a will to your wallet.
Some popular ones in here are with tracks bananas bisque and bits fine x.
Now there are other good ones here.
Like I said go over them read their policy before using them.
But most of the ones that are listed here are pretty good anyway.
And using them is very very easy.
It's usually the same.
You click on the website you sign up you buy more narrow and then you transfer it to your wallet and
I will explain how to transfer funds to and from your wallet and the next lectures I'm not going to
cover that though because like I said it is not ideal.
At the end of the day you still might have to verify your identity.
And even though it's not linked to your wallet a lot of us might not want to share our identity with
third party websites.
Another really good option is to exchange an existing cryptocurrency with Monroe.
So with this option we can use our bitcoins that we already obtained anonymously using a bitcoin using
a P2P service or a bitcoin A.T.M. or one of the other methods that we discussed earlier and then exchange
it to more narrow.
So we already obtained our coins in an anonymous way and then we're buying Montero which is even more
anonymous because it hides information about the sender receiver and the amount therefore the coins
in our local monitor or wallet will be very very anonymous.
This is a really good option and can be used in so many scenarios you can even use it if you have coins
that are not anonymous and exchanging 2 1 euro to increase their anonymity and become more private.
Therefore I will spend a full lecture talking about how to do this so stay tuned for that.
Another option is to use an A.T.M. similar to what we did with bitcoin and you can actually use the
same website to find 80 ATMs that sell Monaro so the same website coin A.T.M. radar dot com you scroll
down or you put your country in the search box and you can uncheck everything here and the left and
only keep more narrow checked to get the 80 M's that only support more narrow.
Now as you can see there aren't many.
There are much less than bitcoin and in my country in Ireland there aren't any.
So this option might not be applicable to everybody but if there isn't one euro A.T.M. then this is
a really good option.
If you can buy it with cash all you have to do is just go put the receiving address of your wallet and
you'll receive the funds in your wallet very similar to what we did with bitcoin eighty amps.
Therefore there is no point of covering it again but you can go and revise the lecture where I use the
bitcoin A.T.M..
If you want more information about it last but not least you can use a peer to peer service.
Again we showed off a similar service for bitcoin form one Aero.
It's exactly the same you just need to use a different website.
The website is called Local Monaro dot co.
The way it works is very similar to the bitcoin website.
All you have to do is put the amount that you want to buy.
For example let's say I want to buy 25 euros worth of bitcoin.
You put the country in my case it's Ireland and we're looking for all online offers.
So from this dropdown list you can list all of the payment methods as you can see.
You can pick cash which is very very anonymous.
You can do cash by mail.
You can do cash at 8 p.m. so there are a number of methods.
Once you're happy with all the options you click on search and you'll get all the local sellers that
will allow you to buy Monaro using the payment method that you selected.
Now as you can see again in my country in Ireland.
Unfortunately there aren't any local sellers but if you pick a bigger countries such as the United States
you will actually see a number of sellers that will sell you more narrow by cash by mail and other anonymous
payment services.
Again using this is very simple.
All you'll have to do is click on buy.
Follow the instructions send the money to your local Monteiro address which I will show you in the next
lecture.
And that's pretty much it.
You'll have the money in your wallet and because you're using one arrow the money is untraceable and
unlink a to previous transactions so that's it for this lecture.
Just wanted to list the main methods that you can use to buy Monaro anonymously and in the next lecture
we'll talk about how to exchange it with other crypto currencies and we'll see how to send and receive
Monaro.