As major centralized exchanges tighten rules and impose new restrictions, self-custody and privacy-preserving tools like the MyMonero web wallet have become increasingly important. This post explains how MyMonero, combined with instant exchange services like FixedFloat or ChangeNow and privacy tools such as the Tor Browser, helps users retain control over their funds. Remember: not your seed, not your coin.
Why exchange restrictions matter
Centralized exchanges play a major role in crypto liquidity and onboarding. But when exchanges like Binance and Kraken tighten KYC, restrict withdrawals, or change rules, many users find their access hampered. This highlights a fundamental crypto lesson: custody matters. If you don’t control the keys, an intermediary can limit what you do with your money.
Golden rule:Not your seed, not your coin. Self-custody means you control the seed phrase and therefore your funds.
What is MyMonero and why it matters now
MyMonero is a lightweight web wallet for Monero (XMR) that lets users create a wallet quickly without downloading the full blockchain. It’s designed for speed and accessibility while allowing users to retain control of their private keys through a 25-word seed phrase. MyMonero also works with the Tor Browser, which adds an IP-level privacy layer when accessing the wallet online.
In an environment where centralized platforms may limit access, a lightweight self-custody wallet becomes a practical option for maintaining financial sovereignty.
How to acquire Monero in a post-restriction world
Even if a major exchange no longer allows direct Monero purchases in your region, you can still obtain XMR via a simple, privacy-conscious flow:
- Buy a common crypto (BTC, ETH, or another widely available asset) on an exchange you can access.
- Use an instant exchange such as FixedFloat or ChangeNow to swap that asset for Monero (XMR). Instant exchanges typically require less friction than full exchange listings and can be faster for swapping assets.
- Send XMR to your MyMonero wallet, where you control the seed and your balance directly.
This route keeps custody in your hands and minimizes exposure to exchange-imposed limitations.
Why combine MyMonero with Tor and instant exchanges?
Using MyMonero with Tor Browser provides two advantages:
- Network privacy: Tor hides your IP address from web services and observers, reducing the metadata tied to your wallet usage.
- Censorship resistance: Tor can help you reach services even in restrictive network environments.
Pairing this with instant exchanges like FixedFloat or ChangeNow allows you to convert widely available assets into Monero quickly and send them directly to your self-custody wallet. This combination creates a resilient path to maintain access to private funds even as centralized platforms evolve their policies.
Practical tips and best practices
- Protect your seed: Write down your 25-word seed on paper and store it securely. Never share it or store it in plaintext online.
- Verify services: Use reputable instant exchange services and double-check URLs to avoid phishing or scam sites.
- Test with small amounts: When trying a new swap service, send a small test transaction first to confirm the flow.
- Keep software updated: Use the latest Tor Browser and keep wallet clients up to date to benefit from security fixes.
- Consider multiple wallets: Use separate wallets for savings and spending so you can manage exposure and operational security.
Conclusion
Centralized exchange restrictions are a reminder that true financial sovereignty comes from self-custody and privacy-minded practices. The MyMonero web wallet — when combined with instant exchange services like FixedFloat or ChangeNow and network-level privacy tools like the Tor Browser — offers a practical, accessible path to maintain control over your funds.
Above all, remember the core principle of crypto security: not your seed, not your coin. Keep your seed safe, verify the services you use, and prioritize privacy to remain resilient in a changing exchange landscape.
