this post was submitted on 17 May 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
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Monero, XMR, crypto, cryptocurrency
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Is there anything people should know if they want to do this? Is there a guide on how to do it safely, so you don't get scammed or run into legal troubles?
Just use a reputable wallet. I prefer Monerujo
I am LM trader. There are lots of different important things you should know. And sometimes experience is the best teacher. But things get very complicated depending on which state you live in and there laws plus in general traders should get MSB license from fincen, but obviously each to there own
You’ll probably get into legal troubles if you do it enough in most countries, but you can make a bit of money with that