1. When using Kraken to buy Monero, aren’t you concerned about potential data breaches that could lead to identity theft?
  2. How secure is Kraken when it comes to protecting user information?
  3. If you use a no-KYC exchange like CakeWallet, aren’t you worried about potential government investigations?

I’d like to get your thoughts on these options

I live in a EU member country

    • shortwavesurfer@lemmy.zip
      1·
      4 months ago

      We will have to agree to disagree on that, as I have been using crypto for over a decade, and while there are lots of scams, there are legitimately great projects as well, such as Monero. These scams, unfortunately, get much, much more of the attention than the true honest to God innovations.

    • EngineerGaming@feddit.nl
      1·
      4 months ago

      Thanks to Monero, I can have a server and domain even when my card is not working due to sanctions. And even when payment with a card is possible, there are still niches where one’d prefer crypto: even a transparent currency like Bitcoin, let alone Monero, is LEAGUES easier to use anonymously than a card/paypal/etc.

      There are indeed tons of scams in the space - usually related to people wanting to get rich off of it. But there is legit useful tech too, and it should be separated from “cryptobro” space.