Can you elaborate on buying monero at an exchange and then transferring it out? Do you mean that OP should
make a local wallet
make an account on a popular exchange
buy cryptocurrency on the exchange
transfer it to their local wallet
And would it be accurate to say that a local wallet can be maintained without a lot of system power, and can run on open source software? I assume that because any transfers that are sent to or from the wallet, are basically synchronized in the Blockchain, so there’s not a lot of data that needs to be stored on the user’s side.
Can you elaborate on buying monero at an exchange and then transferring it out? Do you mean that OP should
And would it be accurate to say that a local wallet can be maintained without a lot of system power, and can run on open source software? I assume that because any transfers that are sent to or from the wallet, are basically synchronized in the Blockchain, so there’s not a lot of data that needs to be stored on the user’s side.