If I have no idea about how monero works where should I ask?

Is this place the right place or there is any youtube video?

"how monero works" is a bit too broad question

maybe read masteringmonero.com/book/Mastering%…Hack%20and%20Monero%20Community.pdf first

Ok, I will narrow my question :)

I have few questions, let's see if you guys could help me.

1. Is monero a wallet? a coin? or a system to trasnfer money from A to B, for A & B to don't know about ach other?

It is a cryptorrency. Basically Bitoin with some flaws fixed, and some differences. A wallet allows one to interact with the monero blockchain to transfer to another wallet.

Your questions have basically hte same answers as in Bitcoin.

To be able to maintain the confidentiality of Monero.. what wallet do you recommend? Do you loose the cofidentiallity whn using the wallet?

I do not understnad your second question. In turn, I'm not sure what to say to the first.

But you can't go wrong by using monero-wallet-cli.

ok, so I open a monero-wallet-cli, and I can receive money from others in th shape of money coins?

Very roughly, yes.

Create a wallet, give your address (or a subaddress) to whoever you want to send you monero.

have you been to getmonero.org melissa?

yes, I'm in this chat because it looks this is the source of understanding

I'm new to crytos, wallets etc etc

I'm checking reddit.com/r/monero/wiki/avoid

It tells only to open wallets in mymonero.com?

That's a separate thing - mymonero is kind of a "web wallet" based on a third-party service. Unfortunately, there are many clone/scam sites of that service that will steal your coins if you accidentally use them instead of the real one

And they pick very similar names to prey on people who made a typo when entering the url of the website, and they pollute search results so you can end up on a fake clone if you're not careful

But if you are new to this, I would suggest sticking with the official wallets from getmonero.org

If you're new to also btcoin, then:

- the monero blockchain is a shared repository of transactions

- these transactions send money from A to B, but are encrypted

The monero blockchain is a record of all the transactions that are made using Monero. The "node" software will download a copy of the chain from other people and verify it, and the wallet software will allow you to scan the chain and look for transactions that belong to you

- a wallet is basically a secret key which allows you to encrypt new transactions, and decrypt transactions sent you you (close enough)

(And also make new transactions)

Thanks both, this is starting to make sense for me :)

- other people can verify no transaction creates money out of thin air, but cannot otherwise see where it's coming from, going to, or how much monero is moved

As suggested earlier, you might want to read "Mastering Monero" for a more thorough explanation of how things work and why

I guess you can see it like a large grid of letterboxes, without names, but numbers. People have a key to a letterbox (or several). They can tell others "send me money by putting cash in letterbox N".

Ok. So I open a wallet. I give my wallet address to a customer that wants to pay for a service and he dos need to have a monero wallet too, or he can pay using his debit card to my monero wallet?

There are no CCTV near the letterboxes, and the letterbox lobby can only fit one person so nobody spies on you seeing how much you put in which letterbox.

(or which letterbox you open to get money others sent you)

No, they cannot use a debit card directly because debit cards do not support Monero

A wallet is the equivalent of a key.

The customer will have their own Monero wallet

aha

creating a wallet = adding a new letterbox to the grid, for which you have the key.

ok

Is it difficult to create a wallet? Wht details do you need? Can you create a wallet from any place? For instance India?

and you can pay from India to UK?

No, it's very easy, and there are no restrictio

A wallet is basically a secret key. You roll 256 random bits, that makes you a new address.

You can generate as many wallets as you like, on however many devices you want, anywhere in the world

If you send monero to aonther wallet, whoever has the matching secret key now has the monero.

That's actually one of the main points: anyone can use the system

"has" here means "is able to add a transaction to the blockchain that makes use of that monero".

You can send money from anywhere to anyone, because the blockchain is shared globally and can be accessed from anywhere (provided you run the Monero software)

Umm, you guys make it really asy :)

Thanks

I think I will try tonight to open one

Then , once I have few coins if I want to use them, How can I use them?

The same way you would use "regular" money/cash

Is there Monero debt cards? Do I sell the moneros?

No debt cards

I suggest you start by using the testnet blockchain. It's not real monero so if you make a mistake you've not lost anything.

You can ask someone here to send you some (whoever runs a testnet currently).

Obtaining real monero will need you to use an exchange with fiat money most likely.

If you want to buy/sell Monero coins, there are plenty of exchanges and trading platforms. The popular recommendations are Kraken and localmonero.co

"using the testnet blockchain. It's not real monero so if you make a mistake you've not lost anything." good point thanks

"If you want to buy/sell Monero coins, there are plenty of exchanges and trading platforms. The popular recommendations are Kraken and localmonero.co" Thanks too

What fees apply if I receive or sell moneros?

Sending costs you... not much. Receiving costs nothing.

Sweet

Ok so thanks a lot for your help both, I will give a go toight

Is thre any limit of transactions?

Not any that'll be a problem for beginners.

The easiest one to hit is you can send to only 15 people at once.

If you have lots of outputs (similar to having lots of one penny coins), you can hit the max transaction size, but wallets auto split this in several transactions.

Let's say somebody wants to pay me 2000 pounds (I doubt it) hahahaha will that be a problem?

If they have that money, it's fine.

The amount limit is... something like... 18 million monero or something.

And nobody has as much :)

18 million monero wow sounds like a lot

Sure does. That's about the current total number of monero in existence.

Aha. Thanks for all the info, I'm going for lunch now, have a good evening

they grow up so quick nowerdays.. already fled the nest