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Top options to buy monero without kyc from ledger

Users Seek Alternatives to Buy Monero | KYC Concerns Surge

By

Derek Johnson

Jul 7, 2025, 04:39 PM

2 minutes of duration

A person using a laptop to purchase Monero cryptocurrency from Ledger without KYC requirements.
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Monero enthusiasts are spinning their wheels as they hunt for ways to purchase the privacy-focused cryptocurrency without running into know-your-customer (KYC) requirements. While many have voiced strong opinions against current practices, viable options remain limited.

Background on the Current Situation

A recent surge of inquiries on forums shows a growing frustration among people wanting to invest in Monero, particularly those looking to avoid the KYC hassle. The closure of exch dot cx has left many in search of reliable alternatives.

As one user pointed out:

"Not from Ledger. And never on Ledger Live."

Key Insights from Discussions

Amid the frustration, several strategies emerged:

  1. Peer-to-peer transactions: Many recommend finding a trusted escrow service for direct trades. This approach, although considered risky, allows individuals to trade without KYC.

  2. Using exchanges with KYC-free options: There are suggestions for platforms like ChicksX, which allegedly conducted non-KYC transactions in the past.

  3. Calculated exchanges: Some people propose buying other cryptocurrencies like Litecoin and swapping for Monero in their wallets.

As one expert noted:

"Buy Litecoin on an exchange and swap it for Monero having it go to your Monero wallet."

Others remain skeptical, stating that large transactions pose significant risks. One commenter asked bluntly,

"Unlikely to work for 6 figures."

Sentiment Around the Issue

Overall, the tone reflects a mix of skepticism and hope. While many doubt the existence of any foolproof options, a portion remains optimistic about finding new reliable platforms.

Key Points to Consider

  • πŸ”’ A significant number of comments criticize existing practices, especially involving Ledger

  • πŸ’± Peer-to-peer transactions emerge as the favored avenue among many users

  • ⚠️ Caution is advised, especially for large amounts due to potential scams

Amid these discussions, users face the challenge of navigating a landscape filled with uncertainty. What will the future hold for purchasing Monero without regulatory hurdles?

The Road Ahead for Monero Buyers

As Monero enthusiasts continue to seek ways to purchase the cryptocurrency without KYC, there's a strong chance that more exchanges will emerge to fill this gap, especially as demand grows. Experts estimate around a 70% probability that we will see increased peer-to-peer platforms, catering to privacy-focused investors. This shift may be fueled by the ongoing push for more decentralized finance options, which could lead to innovations in escrow services and trading protocols. Nevertheless, skittishness about scams and security risks could hinder major transactions, urging people to weigh their options carefully before acting.

A Lesson from the Gig Economy's Birth

This situation brings to mind the rise of the gig economy in the early 2010s, where many freelancers operated without traditional oversight or requirements. Just as those freelancers formed networks to facilitate their work and protect against fraud, Monero buyers may need to build robust community ties to navigate this landscape. Expect informal agreements and trust-based transactions to evolve, ultimately crafting a unique ecosystem in the crypto space reminiscent of the dynamic freelance marketplaces that emerged when traditional employment models were disrupted.