If you’re looking to obtain cryptocurrencies like Litecoin (LTC) or Monero (XMR) without going through Know Your Customer (KYC) verification, this guide is for you. Below, we’ll walk you through the tools and steps to acquire these cryptocurrencies while maintaining your privacy.
Tools You Need
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Wallets for Storage:
- Litecoin Wallets:
- Monero Wallets:
- Cake Wallet
- Monero GUI Wallet (Monero only)
Install and configure a wallet to securely store your cryptocurrencies. You can use any LTC/XMR wallet you like, but the ones listed above are user-friendly and well-reputed.
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Non-KYC Exchanges:
- LetsExchange: A non-KYC platform for crypto exchanges. No account is needed.
- LocalCoinSwap: A peer-to-peer exchange where you trade directly with others, secured by escrow. Requires an account but no KYC.
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Swapping Platforms:
-
Gift Cards with Crypto:
- CoinsBee: Purchase gift cards with your cryptocurrency.
Step-by-Step Guide
1. Acquire LTC (Litecoin)
Using LetsExchange
- Visit LetsExchange.
- Select LTC as the cryptocurrency to receive.
- Enter your Litecoin wallet address from Exodus or Cake Wallet.
- Complete the exchange process. No account or KYC is required.
Using LocalCoinSwap
- Create an account on LocalCoinSwap.
- Search for a trade to buy LTC.
- Make the payment and complete the trade. The escrow system ensures security.
- Transfer the LTC from your LocalCoinSwap account to your wallet.
2. Swap LTC to XMR (Monero)
- Visit ChangeNow.
- Enter the amount of LTC you wish to swap and your Monero wallet address from Exodus, Cake Wallet, or the Monero GUI Wallet.
- Send the LTC to the address provided by ChangeNow. You can send it directly from LetsExchange or LocalCoinSwap, or transfer it to your wallet first and then send it to ChangeNow.
- ChangeNow will process the exchange and send the XMR to your wallet. If the amount or price changes during the transaction, ChangeNow will still process it at the current market rate.
- You can reuse ChangeNow’s wallet address for future swaps, even months later.
Tip: Use the fixed swap option on ChangeNow to pay directly to any service requiring a fixed amount.
3. Additional Tips
- Be Cautious: The crypto space is rife with scams. Stick to the platforms and methods mentioned in this guide to ensure safety.
- Low Fees: LTC and XMR have low transaction fees, making them ideal for cost-effective transfers. LTC is more transparent, as transactions are visible on the blockchain (check using Blockchair), while XMR provides complete privacy.
- Fluctuating Values: Cryptocurrencies like LTC and XMR are not stable coins. Their value can fluctuate significantly. For stability, consider swapping to stable coins like USDC, USDT, or EURC when needed. Be aware that stable coins may need to be swapped back into a supported cryptocurrency for spending if the merchant doesn’t accept them directly.
4. Spend Your Crypto
If you’re looking to use your crypto to purchase goods or services, visit CoinsBee to buy gift cards with LTC or XMR. This allows you to spend your cryptocurrency conveniently without converting it back to fiat.
Conclusion
By following this guide, you can acquire and use cryptocurrencies like LTC and XMR without undergoing KYC verification. Whether you value privacy or convenience, the tools and steps outlined here will help you navigate the process efficiently.