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Most people on Stacker News only know Bitcoin.This tutorial shows how to correctly set up Monero (XMR) one of the most different cryptocurrencies and how to receive funds safely without losing them.Most people on Stacker News only know Bitcoin.This tutorial shows how to correctly set up Monero (XMR) one of the most different cryptocurrencies and how to receive funds safely without losing them.

What Makes Monero Different

Transactions are private by default
Sender, receiver, and amount are hidden
No public address balance tracking
Not Lightning, not Bitcoin, not transparent
Monero Wallet
Because of this, setup mistakes can mean lost funds.

Step 1: Choose the Correct WalletStep 1: Choose the Correct Wallet

Best beginner + secure option:
Monero GUI Wallet (Official)

Why:

Full control of keys
No third party custody
Works on desktop (Windows, Linux, macOS)

Avoid:

Random APK wallets
Web wallets
“Cloud” Monero services

Step 2: Create the Wallet (Critical Part)Step 2: Create the Wallet (Critical Part)

When creating your wallet you will get:

25-word seed phrase
Primary address
Restore height

DO THIS:

Write the seed on paper (not screenshots)
Store offline
Never share it

If someone has your seed → they own your money.

Step 3: Understand Addresses (Very Important)Step 3: Understand Addresses (Very Important)

Monero has 3 ways to receive funds:

1.Primary Address

Safe for personal use
Reusable but less private

2.Subaddresses (Recommended)

Generate a new one per sender
Best privacy
Funds still go to the same wallet

3.Integrated Address

Old method, mostly obsolete
Not recommended today

Use subaddresses whenever possible.

Step 4: Receiving Monero CorrectlyStep 4: Receiving Monero Correctly

To receive funds:
1.Open wallet
2.Go to Receive
3.Generate a new subaddress
4.Copy address
5.Send to payer

⚠️ Do NOT close the wallet immediately after receiving Monero needs time to:

Sync
Scan blocks
Unlock funds (~20 minutes)

Step 5: Common Mistakes That Lose FundsStep 5: Common Mistakes That Lose Funds

Sending before wallet is fully synced
Using wrong restore height
Deleting wallet without seed backup
Trusting mobile APKs outside official sources

Why This Matters

Monero is what Bitcoin used to feel like:

Peer-to-peer
Private
No permission

Understanding how to receive funds correctly is the difference between owning crypto and losing it silently.

Discussion

For Bitcoiners here:

monero massive outbreak


Do you think privacy coins like Monero will become more important as regulation increases, or will Bitcoin privacy tools be enough?

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reply

so much privacy advice from a guy that uses the most crapiest KYC custodial wallet

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Idiot I don't care what you say

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