Monero: Why Governments Hate It ❓
Every transaction you make is tracked (including Bitcoin). Governments, tax agencies, banks.. they all want visibility and control.
@monero - $XMR flips the script.
Unlike most cryptocurrencies, Monero is truly private. Transactions can’t be linked, balances can’t be viewed, and identities stay hidden, if used correctly. That’s why it’s disliked by regulators, banned from major exchanges like Binance and Kraken, and constantly under scrutiny.
But the more it’s suppressed, the more people get curious. Classic Streisand Effect.
If you’re looking for privacy in your crypto moves, here’s a basic method I use (not financial advice; always DYOR):
1⃣ Buy Litecoin (LTC) from any major exchange. It’s fast and cheap.
2⃣ Use trocadorapp (it's reliable and aggregates rates well) to swap LTC for XMR.
3⃣ Send your XMR to a subaddress in your Monero wallet. I use Cake Wallet for this; it's simple and user friendly.
Why all this effort?
Because it gives you real privacy. You’re in control. No one sees your balances, spending, or movements unless you choose to share them.
If privacy is part of why you got into crypto, Monero still stands out as the strongest option.
It’s not about hiding. It’s about sovereignty.
So, have you used $XMR? What's your setup like? Any other privacy coins you rate?

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.