Hi everyone, I’d like to know if you use instant crypto exchanges when you need to buy or sell Monero? I mean such services as Exolix, Trocador, simpleswap and similar?

  • jet@hackertalks.comEnglish
    0·
    1 month ago

    They are options, if you already hold crypto they make a bunch of sense.

    Just be aware of KYC burden

      • jet@hackertalks.comEnglish
        0·
        1 month ago

        They can, but they will only tell you that you need to do kyc after they have custody of your funds.

        • shortwavesurfer@lemmy.zip
          0·
          1 month ago

          On trocador They have a shield icon if your transaction is insured and they also give a rating of a all the way down to D for exchanges. I think if you use a C or higher exchange, they will insure the transaction up to a certain point, like $1,000 US dollars.

            • BobGnarley@lemm.ee
              0·
              27 days ago

              Always use the one that insures your full amount of funds. Its capped at $1000 but this should be plenty because the fees will always be lower than getting robbed.

              Trocador is the only one I’d recommend for that but for direct fiat to XMR or XMR to fiat I would highly recommend Haveno Reto. It is growing every single day and I can usually find a match within a couple hours.

              • owe_addams@monero.townEnglish
                0·
                25 days ago

                If I am not mistaken, Haveno reto has problems with set up, no? I tried it, but now, decided to return to Trocador, Exolix and simpleswap

  • admin@monero.townM
    0·
    1 month ago

    Sometimes Trocador when I need to pay for something that doesn’t accept Monero. If you use the ref-link in the monero.town sidebar it also helps fund the site without swaps costing any extra!