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?
Has been a while since i needed to swap anything to get monero since localmonero came about and now haveno.
Yes, primarily because I buy every single month, no matter what. And so I always just swap USDC for Monero.
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!
They are options, if you already hold crypto they make a bunch of sense.
Just be aware of KYC burden
Just be aware of KYC burden
Is there KYC? I thought these services don’t require it
They can, but they will only tell you that you need to do kyc after they have custody of your funds.
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.
