this post was submitted on 31 Jul 2024
8 points (62.5% liked)

Privacy

31974 readers
314 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

Chat rooms

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago
MODERATORS
8
Crypto questions (sh.itjust.works)
submitted 3 months ago* (last edited 3 months ago) by diy@sh.itjust.works to c/privacy@lemmy.ml
 
  1. When using Kraken to buy Monero, aren't you concerned about potential data breaches that could lead to identity theft?
  2. How secure is Kraken when it comes to protecting user information?
  3. If you use a no-KYC exchange like CakeWallet, aren't you worried about potential government investigations?

I'd like to get your thoughts on these options

I live in a EU member country

you are viewing a single comment's thread
view the rest of the comments
[–] stuckgum@lemmy.ml 4 points 3 months ago (3 children)

Don’t bother with crypto, it is a scam anyway

[–] diy@sh.itjust.works 5 points 3 months ago* (last edited 3 months ago) (2 children)

I'm not a US resident, so I can't use Privacy.com. I'm also not comfortable submitting my credit card info to unknown websites. Plus, PayPal shares my full name with buyers, and I've heard bad things about Revolut online plus the Data breach in 2020. That's why I think crypto is my only option. But i also dislikes crypto.

[–] FierySpectre@lemmy.world 2 points 3 months ago (1 children)

Depending on where you live Revolut might be an option for you. Unlike privacy.com its basically just an online bank where you can open an account and send money to/from, but they offer a one-time-use credit card (which changes every time you use it).

[–] diy@sh.itjust.works 2 points 3 months ago (1 children)

What are your thoughts on the Revolut? Have you used it, and if so, do you like it and trust it despite the data breach and the updated privacy policy (Screenshot of the reddit thread) that permits data sharing with marketing networks?

[–] FierySpectre@lemmy.world 3 points 3 months ago (1 children)

I use it all the time for the one time use cards, and it's been effortless to use.

The data breach is of course bad, but no company is completely immune to those.

Privacy policy... Is not a great look (especially with the marketing being opt-out and having a convoluted process...) I honestly hadn't heard about it. But even now I'll continue to use it because weighing the marketing vs my CC details out there is still not a hard choice.

[–] diy@sh.itjust.works 2 points 3 months ago

Thanks, you're right. I am going to make an account and try it out

[–] lemmyvore@feddit.nl 1 points 3 months ago (1 children)

Your only option for what, exactly?

[–] diy@sh.itjust.works 3 points 3 months ago (1 children)

For buying things from websites I don't trust

[–] utopiah@lemmy.ml 4 points 3 months ago

How about prepaid credit cards?

[–] shortwavesurfer@lemmy.zip 5 points 3 months ago

We will have to agree to disagree on that, as I have been using crypto for over a decade, and while there are lots of scams, there are legitimately great projects as well, such as Monero. These scams, unfortunately, get much, much more of the attention than the true honest to God innovations.

[–] EngineerGaming@feddit.nl 3 points 3 months ago* (last edited 3 months ago)

Thanks to Monero, I can have a server and domain even when my card is not working due to sanctions. And even when payment with a card is possible, there are still niches where one'd prefer crypto: even a transparent currency like Bitcoin, let alone Monero, is LEAGUES easier to use anonymously than a card/paypal/etc.

There are indeed tons of scams in the space - usually related to people wanting to get rich off of it. But there is legit useful tech too, and it should be separated from "cryptobro" space.