this post was submitted on 16 Mar 2026
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Monero

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This is the Lemmy community of Monero (XMR): a secure, private, untraceable cryptocurrency that is open-source and freely available to all.

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Why Monero?

Monero is secure.

Monero can't be hacked to steal your funds, due to the power of distributed consensus. This means that you are responsible for your own money, and don't have to trust any entity to keep it safe for you.

Monero is private.

The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs.

Monero is untraceable.

By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to any particular user.

Monero is fungible.

Because of its on-by-default privacy technologies, Monero is fungible, which means that one Monero will always be equal to another. This ensures that there will be no discrimination over the origin or history of your coins, lessening the worry of potential blacklisting by exchanges or vendors.

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What setup should I have for wallet/s for good opsec for Monero? (lemmy.world)
submitted 1 day ago by wereg@lemmy.world to c/monero@lemmy.cafe
5 comments fedilink hide all child comments
 
Should I have a cold wallet AND a hot wallet at all? Like, should I for example use a hardware wallet to receive, mine, and send Monero, instead of having more wallets?
Should I make a paper wallet with the app that can be downloaded to make offline wallet keys? Then how would I see balance, sign keys, etc.?

For BTC, even though I never actually used it (never got BTC), I saw Electrum like this:

Create wallet in offline device
Export view key to online device
Create TX in online device
Sign TX in offline device
Broadcast TX in online device

But for Monero I’m clueless, because I haven’t found any guide properly explaining it.

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[–] shortwavesurfer@lemmy.zip 2 points 1 day ago (2 children)

Have a hot wallet for your phone where you keep a bit of Monero, say 1 for example. Then you can use something like cupcake and cake wallet/monero.com to make a cold wallet. You should mine with a wallet specifically dedicated just for mining. Once you have some transactions in that mining wallet, you can sweep them all into your main wallet.

[–] wereg@lemmy.world 1 points 1 day ago* (last edited 1 day ago) (1 children)

And on a different reply (in case you see the other comment before I edit it)

  • What is the difference between Cake Wallet and Monero.com?
  • Do you have any reccomendation for hot wallets?
  • Could hardware wallets have any role in it (for the mining wallet, or for the hot wallet, or as an alternative to Cupcake and CakeWallet/Monero.com?
[–] shortwavesurfer@lemmy.zip 2 points 23 hours ago (1 children)
  • Monero.com is the same as Cake Wallet, except that it's stripped down to only have Monero support and not Bitcoin, Ethereum, etc.
  • Hardware wallets don't work super well in Monero yet because of the way view keys work. When FCMP and Carrot come in to play later on with the new hard fork, hardware wallets will begin working better.
  • As far as mining goes, mine to a separate hot wallet, and then, once you get some mining done, take those funds and sweep them to either your hot wallet or your cold wallet. It doesn't really matter. What does matter is that you need a specific wallet that only is for mining and nothing else.

Monero.com makes a good hot wallet, but i prefer Monfluo personally as its totally Monero with no fiat APIs, swaps, etc. It's very similar to your physical wallet that you have in your back pocket with cash in it. That's all it does. It followes the unix philosophy of do one thing and do it super well.

[–] wereg@lemmy.world 1 points 23 hours ago

I will set it up like that, try out the apps, and learn more about Monero to know what "FCMP" and "Carrot" mean. Thank you so much!

[–] wereg@lemmy.world 1 points 1 day ago

Then you can use something like cupcake and cake wallet/monero.com to make a cold wallet

How does this work? I assume its like this: use an old phone with no access to internet for cupcake, then link my view key on cake wallet/monero.com, then when I'm gonna spend /send XMR, scan a QR code in the cupcake app?

You should mine with a wallet specifically dedicated just for mining. Once you have some transactions in that mining wallet, you can sweep them all into your main wallet. So, a hot wallet for mining?

If my asumptions are correct, the setup would be

  • Unconnected phone with Cupcake and my mnemonic phrase and private keys
  • Secure phone with Cake Wallet/Monero.com app to actually move the XMR
  • Hot wallet for spending
  • Hot wallet for mining, then sending to cold wallet Am I correct?