Paying on Fawkes Market — Bitcoin & Monero
Fawkes Market accepts two cryptocurrencies: Bitcoin (BTC) and Monero (XMR). Both work; they differ in privacy. This guide covers getting coins in the UK, depositing them, and the habits that keep your payments as private as the rest of your OPSEC.
BTC vs XMR at a glance
| Bitcoin (BTC) | Monero (XMR) | |
|---|---|---|
| Where to buy | Every exchange, ATMs, peer-to-peer | Larger exchanges and instant swaps |
| Privacy | Transparent ledger — amounts and addresses visible | Private by default — sender, receiver, amount hidden |
| Best for | Convenience | Privacy |
| Common tactic | Swap to XMR before depositing | Buy and send directly |
The practical upshot: if you already hold BTC, either deposit it directly (accepting Bitcoin's transparent ledger) or swap it to XMR first — instant exchanges make that a two-minute job. If you're starting from scratch and privacy matters, buy XMR.
Getting coins in the UK
- Cryptocurrency exchanges. The big UK-friendly exchanges list both BTC and XMR (XMR availability varies — some exchanges delisted it under regulatory pressure, others never did). Buy with a card or bank transfer.
- Bitcoin ATMs. Still found in UK cities; some are KYC-free for small amounts. Premium pricing buys convenience.
- Instant swaps. Non-custodial swap services convert BTC→XMR (or vice versa) without accounts. Popular with buyers who purchase BTC first.
- Peer-to-peer. Cash-for-crypto trades arranged person to person — maximum privacy, more effort.
Depositing to the market
1Open your market wallet
Log in via a verified link (onion or official mirror) and open your account's deposit page. It shows the current deposit address for BTC and XMR.
2Send a small test amount first
The classic discipline: send a small amount, confirm it arrives, then send the rest. Address errors are unrecoverable in crypto.
3Wait for confirmations
Deposits appear after normal network confirmations — usually minutes for BTC and XMR. Your balance updates inside the market.
4Order, finalise, withdraw
Spend the balance on escrow-protected orders. Withdraw anything you don't need soon back to a wallet you control. Balances are working capital, not savings.
Privacy habits that matter
- Prefer XMR for the payment leg. It removes the on-chain paper trail that BTC leaves.
- Don't reuse withdrawal addresses across markets — each address is a join between activities.
- Mind the paper trail before the blockchain. However you buy coins, that purchase is often the most identifying step. Cash and P2P are the privacy options; cards are the convenient one.
- Keep exchange and market identities separate. Different usernames, different email, no cross-references.
Tax note for UK readers: disposing of crypto can trigger Capital Gains Tax and records should be kept. How you buy is your business — but pretending crypto activity is invisible to HMRC when using KYC exchanges is optimistic.
FAQ
Which should I use — BTC or XMR?
How much should I deposit?
Are deposits instant?
Related wiki pages
- Security guide — PGP 2FA and account protection.
- Escrow — what happens to the money after deposit.
- Choosing a vendor — spending the balance wisely.