I am trying to buy Monero for the first time, but I don't know which way to the best and easiest and hoping to get some guidance. I have Cake Wallet and I can purchase Monero through there, but I can't tell if they have the best rates. I also came across Haveno, which is a decentralized Monero exchange, but I don't know if that something I should use. There is also Trocador. Of all of these options, which one would be the best for begineer? Note: I am just trying to purchase a small amount of Monero ($10-20), nothing big.

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[–] hetzlemmingsworld@lemmings.world 7 points 1 month ago (1 children)

There you can find private Monero exchanges: https://kycnot.me/?categories=exchange&currency-mode=or&currencies=xmr

[–] starlight@lemmy.ca 1 points 1 month ago

Oh this great site! Now I can find other exchanges as well. Thank you!

[–] Alfredolin@sopuli.xyz 6 points 1 month ago (1 children)

I have used retoswap successfully. However 0.11 Monero is needed in order to use it for the first time. (At the time I tried it)

Having a friend who can lend you something to start might be a good idea.

[–] rafael_xmr@monero.town 6 points 1 month ago (1 children)

Or, retoswap orders can be created with a passphrase, so someone could contact you or OP and as long as you have the passphrase you don't need the 0.11 XMR bond to trade, and the passphrase unlocks it

[–] starlight@lemmy.ca 2 points 1 month ago

Interesting. I have just enough, but this information is helpful for the future. Thank you!

[–] silverpill@mitra.social 4 points 1 month ago (1 children)

If you already have another coin, Trocador Swap is the easiest option (and you can get the best rates).

@monero

[–] Electricd@lemmybefree.net 1 points 1 month ago (1 children)

Why do you @monero?

[–] silverpill@mitra.social 2 points 1 month ago (1 children)

Without it my comment will not appear in the community. Lemmy does this automatically under the hood, but I use a different software (it is closer to a microblog than a forum).

@monero

[–] Electricd@lemmybefree.net 1 points 1 month ago

oh, okay, weird

[–] dawncollective@monero.town 2 points 2 weeks ago (1 children)

A bit late to the question, but you can also use our Haveno instance dawnswap.com as the lowest amount to buy is 0.02 xmr. If you don't have xmr for the security deposit which is 5 % then let me know by PM and i'll provide you a passphrase for a trade order you can use to buy xmr without deposit.

[–] starlight@lemmy.ca 1 points 1 week ago

I'm all set for now, but I will further look into dawnswap for future transactions as it looks promising. Thank you.

[–] Wave@monero.town 2 points 1 month ago (1 children)

On the right side of this monero.town lemmy website is a Trocador link.

But since you asked about the best way for beginners, I would like to mention Edge App and Monero.com / Cake Wallet.

[–] starlight@lemmy.ca 2 points 1 month ago (1 children)

I'll take a look at the Edge app. Thank you.

[–] Wave@monero.town 2 points 4 weeks ago

Good choice! In some regions like Europe, you may have to buy a different currency first and then exchange it for Monero as the next step.

[–] xmr_unlimited@monero.town 1 points 1 month ago

Buy with what and where sea shells in space?