Kraken will allow buying Monero directly from the card

In a tweet from the Monero team, it is reported that the Kraken cryptocurrency exchange can now be bought directly using a debit or credit card.

Did you know that you can buy Monero directly with a debit or credit card through Kraken’s new Buy Crypto tool?!https://t.co/YnypdCPFSy

– Currency || #xmr (@monero) January 13, 2021

As you know, Monero (XMR) cryptocurrency provides almost complete anonymity, not allowing anyone to check the balance and movement of funds, as well as prevent tracking the sender and recipient.

It is because of these characteristics that some exchanges began to remove the asset in order to avoid problems with regulators. In addition, the claims could have come from law enforcement, since from a legal point of view, this would identify the exchange as an accomplice, allowing the criminal to launder money.

Currently, the asset is still available on major international exchanges, and some of them may provide a direct service for buying this cryptocurrency using a credit or debit card.

As for Kraken, clients of the platform must have a verified profile on the exchange and an added Visa or Mastercard.

When withdrawing funds, the effect of confidentiality will be partially lost, because these operations on the exchange will have certain data, for example, an address and an amount.

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