If you want to acquire private digital money (i.e. privacy crypto) but don't want to work through KYC exchanges, how do you achieve it? In episode three of Decentralize TV, we interview LocalMonero.co co-founder "Alex" who describes how his online, decentralized exchange allows people to buy and sell Monero, the most popular crypto coin that protects transactional privacy by default. (See GetMonero.org to learn about Monero.)

As a disclaimer, I personally hold various amounts in all the top privacy coins, including Monero, as I'm engaged in testing the coins and wallets. My company has also acquired some amount of privacy coins as part of a marketing effort to give away many of them to Brighteon.com users who enable crypto tipping on their accounts. (See this story for a full explanation.)

Decentralized acquisition can protect your privacy

For many people, acquiring crypto through centralized exchanges is cumbersome. Most exchanges also require KYC (Know Your Customer) documentation that feels very invasive. In most exchanges, you need to take selfie photos, provide copies of a passport, driver's license, bank statements and other items. This often feels like a gross violation of privacy.