| > Not when it's shielded which is why nobody uses it that way so you might as well just directly buy the superior private currency monero. The person I replied to asked how to buy it without "raise a red flag to my banking institutions or government". I don't think buying Monero would raise a red flag and I would absolutely recommend buying it directly. Unfortunately, it's delisted in many countries so the only option is to buy a different crypto and swap it. For most people Litecoin is fine for that, but if you wanted to prevent anyone from knowing you bought XMR, than I think ZCash is a good choice. If you swap from a transparent coin to Monero and the exchange that you swapped on shares data, than they could know that you bought Monero. If you use shielded ZCash, I assume that link is broken and all they know is that you shieled your ZCash. Really, I don't think they have much of a problem with buying XMR as much as depositing and exchanging back to fiat. >Contrary to popular belief cash is very much not untraceable. Serial number tracking is a thing but probably unlikely to be used against low level targets at scale (yet). Likely similar with Monero right now. Highly resistant to mass surveillance, but must be used with good OPSEC to remain anonymous against targeted attacks. As we saw from the leaked Chainalysis video, targeted attacks on Monero users have been done, although it's likely due to the malicious nodes. FCMP++ will greatly mitigate the attack and Monero will gain back footing equal to shielded ZCash for sender privacy. |