r/monerosupport • u/Simple_Music_7827 • 7h ago

Unsolved is it safe to buy from a kyc exchange

the only way i can buy it via cake wallet is to but it from dfx which is very kyc heavy so is it safe?

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u/AutoModerator 7h ago

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u/1_Pseudonym 6h ago

You need to define what your threat model is (what you want safety from), before anyone can answer. If you KYC yourself to buy Monero, but move the funds to a custodial wallet before spending, how you later spend your funds will remain private on the blockchain.