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

  • diy@sh.itjust.worksOP
    61·
    3 months ago

    I’m not a US resident, so I can’t use Privacy.com. I’m also not comfortable submitting my credit card info to unknown websites. Plus, PayPal shares my full name with buyers, and I’ve heard bad things about Revolut online plus the Data breach in 2020. That’s why I think crypto is my only option. But i also dislikes crypto.

    • FierySpectre@lemmy.world
      2·
      3 months ago

      Depending on where you live Revolut might be an option for you. Unlike privacy.com its basically just an online bank where you can open an account and send money to/from, but they offer a one-time-use credit card (which changes every time you use it).

        • FierySpectre@lemmy.world
          3·
          3 months ago

          I use it all the time for the one time use cards, and it’s been effortless to use.

          The data breach is of course bad, but no company is completely immune to those.

          Privacy policy… Is not a great look (especially with the marketing being opt-out and having a convoluted process…) I honestly hadn’t heard about it. But even now I’ll continue to use it because weighing the marketing vs my CC details out there is still not a hard choice.