Monero

This is a cryptocurrency that is especially great for privacy. Unlike Bitcoin, there are no logs of transactions. It ensures that transactions remain completely untraceable while shielding the identities of both senders and receivers. It utilizes advanced technologies like ring signatures and stealth addresses to protect its users. Monero operates on a decentralized network, enhancing its security and resistance to control.

Bitcoin

Bitcoin is a widely recognized cryptocurrency but it is not optimal for privacy. Transactions are recorded on a public ledger which means they can be traced back to users, exposing their identities. This transparency can lead to potential unwanted attention from authorities even if transactions are legit. While Bitcoin is often used as a gateway to other cryptocurrencies, its user tracking make it an impossibility for maintaining privacy. For users seeking privacy, Bitcoin should primarily be viewed as a means to acquire Monero if there is any reason to hold it at all.

Buying Monero

Cake Wallet is a non-custodial cryptocurrency wallet, it supports numerous cryptocurrencies. It emphasizes privacy over all, letting you manage your digital assets securely. With multi-currency support and a built-in exchange, users can easily swap assets. Cake Wallet is available on mobile devices. There is no KYC and that is the whole entire point. Know Your Customer is a privacy death sentence because it requires the vendor to find out who you are as a customer.

Why Does Monero Matter?

Monero matters because it is the only way these days to pay very anonymously. The other reason is that there are no public ledger for Monero. That this means is that is its detective free since you really can’t track it to the same extend as Bitcoin.

Use Monero where you can!