Why are prices on LocalMonero much higher than value in the market?

  • LosTim
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    I was thinking about getting BTC at an ATM then buying XMR. Do that ATMs go through exchanges? I’ve never used one and was wondering what the privacy implications were…

    • mister_monster
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      Basically they scan your ID, there are limits and stuff, KYC tiers, different per company.

    • Saki
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      Maybe depending on the countries/ATMs? Is this document no more up-to-date?

      https://archive.org/details/how-to-buy-non-kyc-monero

      This article uses the method described in How to use Text Verified to buy non-KYC bitcoin at a Bitcoin ATM (Wook 2022) and builds on it by describing how to use the non-KYC bitcoin purchased at the Bitcoin ATM to buy non-KYC monero through Bisq.