Schmidt on Nostr: Monero (XMR) Best Practices for Privacy & Security 1 Use Official Wallets Always use ...

Monero (XMR) Best Practices
for Privacy & Security

1
Use Official Wallets
Always use the official Monero wallet (GUI/CLI) or trusted mobile wallets like Monero.com https://monero.com/ (Cake Wallet https://cakewallet.com/) or Monerujo https://www.monerujo.io/. Download from the official website: https://www.getmonero.org/

2
Keep Your Wallet Updated
Always use the latest version of your Monero wallet to benefit from security updates and bug fixes.

3
Control Your Private Keys
Self-custody is key. Always have control over your private keys and back up your seed phrase securely in multiple locations.

4
Use Proper Network Security
When transacting use a VPN (IVPN https://www.ivpn.net/, Mullvad https://mullvad.net/) or Tor https://www.torproject.org/ to enhance privacy. Avoid public Wi-Fi networks when accessing your Monero wallet.

5
Minimize Address Reuse
Always use a new address for each transaction. Monero automatically generates new stealth addresses, this helps you stay anonymous.

6
Avoid KYC Exchanges
Prefer decentralized exchanges or P2P platforms that don’t require KYC. Platforms like Bisq https://bisq.network/ and Haveno https://haveno.exchange/ can help you trade privately. Find more https://kycnot.me/?t=exchange&q=&xmr=on

7
Practice Good OpSec
Be cautious of linking transactions to your identity. Don’t send Monero directly from an exchange to your personal wallet. Use a proxy wallet.

8
Regularly Check Transaction Privacy
Use the view key sparingly and stay informed about potential privacy leaks. Conduct audits if needed.

9
Education & Vigilance
Stay updated with the Monero community for the latest best practices and security advisories. Knowledge is power. Good starting point is https://libereco.xyz/resources/

10
Consider Cold Wallets
If you hold a significant amount of XMR, consider using a cold wallet. More infos see https://libereco.xyz/monero-cold-storage-with-feather-anonero/ and https://web.archive.org/web/20240518195127/https://localmonero.co/knowledge

12
Run a Full Node
Running your own Monero node helps increase your privacy and strengthens the network. Plus, it’s great for decentralization. Great tutorial from Seth For Privacy (npub1tr4…2y5g) here: https://sethforprivacy.com/guides/run-a-monero-node-advanced/

13
Stay Anonymized When Converting
When converting XMR, use P2P platforms like UnstoppableSwap https://unstoppableswap.net/ or BasicSwap https://basicswapdex.com/. Preserve your anonymity.

14
Legal Awareness
Stay informed about the legal environment in your area regarding cryptocurrencies, especially Monero (e.g. MiCA for EU).

15
Post-Mortem Planning
Ensure there’s a privacy-preserving plan in place for loved ones to access your Monero in the event of your death.