I recently downloaded Monero GUI wallet and i was just wondering where to get started from. Whats my goal? what do i need? what do i do?
I know nothing about cryptocurrency. I'm not here to profit off suggestions.
Signature
Cryptocurrencies are weird
@Bukkit
Monero wallet is likely to be very secure and reliable; its the official open source and publicly audited wallet for this multi billion dollar asset. Just make sure you have the right one .(You should compare hashes with multiple public and reputable sources as best practice)
Whether or not your funds are safe depends primarily on how you handle your private keys and seed phrase, which is a whoooole kettle of fish. The gold standard is airgapped transaction signing, for which you might would need feather wallet, which is another well loved reputable open source wallet.
Signature
You are the only light
chat: ezchat.site
evoverse: evoverse.onrender.com
gis: https://pub-6199d7cd0f754c4f8987b0455ceb6161.r2.dev/index.html
github: moonboy420
@Bukkit Don't fall into the 'get rich' trap. You will lose your soul. The whole point of them is to use them, especially XMR. Its money, use it as such. Save some if you want, but the whole point is to use it IMHO.
Signature
principles over profit
@Bukkit >I have no idea why I need cryptocurrencies. I get that cryptocurrencies "sometimes" either makes you rich or drains your wallet BUT the real goal of having them is what I'm interested in.
Private money. Imagine how powerful it is to have invisible money that only you control, whenever you want, nobody can take it, nobody can stop it, nobody else needs to be trusted. You can tell all the Monero devs to kill themselves, they still can't take your money. Try that at a bank.
Yeah some of this is true for Bitcoin as well, but Monero is the real cryptocurrency. Monero also focuses on transactions, with low fees and fast and reliable confirmations.
You're in the right place if that sounds good.
Go through http://moneroacademy.com/ to learn about Monero and how to use it.
I like how there's no trackers. xmrhub doesn't have that.
The goal with Monero is up to you, but typically people like it because you have untraceable, private money in your own Swiss bank vault. Learn through Monero Academy, run a node, and have fun :)
@Stylus1063 I live in a country where my currency is not supported by almost any website. Am I able to buy XMR from a trusted source? or should i mine them? (which i have NO knowledge of mining whatsoever). What do you think? whats the best path for me?
Signature
Cryptocurrencies are weird
@Bukkit you can buy another cryptocurrency like litecoin or bitcoin and swap it for monero. Trocador is a good site to find swaps.
watch @xenu 's ATTACK-OF-THE-POISON-OUTPUT video series...you can find a link here... https://www.youtube.com/watch?v=u9L-TUI-lf0
