The governments around the world can no longer ignore blockchain technology. Now that the politicians and bankers have accepted that cryptocurrencies can’t be stopped, they try to fight the adoption of crypto with bans, taxes and regulations. Can you really be 100% sure that the government and the IRS won’t come to take away your crypto gains?
Crypto was created with a simple vision in mind: to give anyone, anywhere in the world, the access to private, anonymous and fully independent financial transactions. Nowadays, this original mission of crypto is only realized with privacy coins like Pirate Chain. But what is Pirate Chain really, and how can it give you total financial privacy?
From this guide, you will learn everything there is to know about Pirate Chain. You will discover why Pirate Chain is the most anonymous cryptocurrency in the blockchain ecosystem, and you will learn how to effortlessly buy Pirate Chain in a fully private way.
What Is Pirate Chain
Pirate Chain (ARRR) is an anonymity-oriented digital currency launched in 2018 with a simple vision in mind: creating the most private and most secure cryptocurrency on the market. In other words, the goal of Pirate Chain is realizing the original mission of blockchain technology, which is allowing people to anonymously and privately send and receive financial transactions.
Most of the so-called privacy coins on the market are troubled with security issues resulting from the fact that they treat privacy as something optional, and not something that should be
the default. Because of that, your privacy can be compromised by other users of the network who don’t pay as much attention to anonymity as you.
With Pirate Chain, privacy is not just a fancy feature that can be turned on or off. Privacy and anonymity are underlying principles of the Pirate Chain network. Every transaction, every wallet, every address – all components of the Pirate Chain blockchain are guaranteed to be maximally private at all times.
ARRR is the first digital currency which provides universal, mandatory utilization of Zero Knowledge-Succinct Non-interactive Argument of Knowledge (zk-SNARKS) for every transaction and every user. Zk-SNARKs is a military-grade privacy protocol allowing sending and receiving cryptocurrency transactions without revealing any information other than those required for verifying the transaction. Zk-SNARKs is commonly acknowledged as the strongest privacy protocol in the blockchain ecosystem.
Why Buying Crypto Privately Matters
One of the biggest issues troubling the blockchain ecosystem are the widespread KYC/AML (Know Your Customer / Anti Money Laundering) regulations. KYC/AML verifications completely erode privacy and anonymity of using cryptocurrency. It doesn’t matter how private a digital asset is on a technological level, if in order to buy it you are required to send someone vulnerable data including your name, address, social security number and even a scan of your ID.
Pirate Chain remains anonymous and private on every step of using the cryptocurrency, including purchasing it. The ARRR community is provided with access to many ways of privately purchasing Pirate Chain without having to complete a KYC/AML verification process.
Step by Step Guide to Buying Pirate Chain
Step 1: Get Some Monero
The most private way of buying ARRR which guarantees 100% anonymity requires you to first buy some Monero (XMR) and then exchange it for ARRR on a privacy-respecting exchange. The best way to privately buy Monero is through the LocalMonero website. LocalMonero allows you to buy XMR with many different payment options, including fully anonymous ones like cash by mail, gift card code and crypto. The website requires registering an account, but no KYC/AML verification is needed.
Step 2: Register a TradeOgre Account
Now that you already own Monero, you may send it to TradeOgre: an anonymity-oriented crypto exchange which allows you to buy privacy coins like Pirate Chain. In order to use TradeOgre, you’ll need to register an account. Just like with LocalMonero, registering an account only requires you to set up an email address and a password – no KYC/AML verification is needed.
Step 3: Buy Bitcoin with Monero
TradeOgre doesn’t support purchasing ARRR with XMR directly yet, so you will first need to
exchange your Monero for Bitcoin. In order to do that, go to the BTC/XMR pair on
TradeOgre, and exchange the desired amount of XMR for BTC.
Step 4: Buy Pirate Chain with Monero
To purchase Pirate Chain, go to the BTC/ARRR pair on TradeOgre. Type in the amount of BTC you want to sell or the amount of ARRR you want to buy, and confirm the transaction. And that’s it! You are now an owner of the most anonymous privacy coin in the ecosystem, and you can securely withdraw your ARRR coins to your personal wallet.
Alternative: Buy Pirate Chain Directly on Changelly
If you don’t think that 100% privacy is something that you need, or you simply want to buy ARRR as quickly and effortlessly as possible, you can use the instant swap exchange Changelly instead of TradeOgre. Changelly allows you to buy Pirate Chain with a large number of cryptocurrencies, including Bitcoin, Ethereum and Monero. Just type in the amount of crypto you want to exchange for ARRR and click “Exchange now”. After typing your recipient address, you will be given an address to send crypto to, and ARRR will arrive in your wallet shortly after you complete the transaction.
You Got Some Pirate Chain, Now What?
Pirate Chain is not just another crypto token with no actual use case. ARRR is a real cryptocurrency – it’s meant to be used to pay for things in a maximally private and anonymous way. Now that you already own some ARRR, why not check the list of businesses and services which accept anonymous payments with Pirate Chain?