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How can I save my money in crypto privately and safe?
(lemmy.world)
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this post was submitted on 06 Mar 2026
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Privacy
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Yeah, I'm thinking about storing Monero.
Not a good idea. The value changes rapidly.
By comparison, Monero is actually quite stable because it actually has real-world usage. I would recommend using the six-month or one-year simple moving average because that stops market fluctuations from changing the value of your net worth in fiat.
Somebody above said that Monero wasn't a good investment and I have to disagree. Because if I'm going to invest in a cryptocurrency, I would much rather nobody know I have it than to have paper fiat gains visible for everybody online to see.
So what do you recommend for storing money privately (except cash)?
Use an unfreezable stable coin like DAI and convert to monero when you want to make private transactions. Never attach the ETH address with the stablecoin to your identity in any way no KYC or anything.