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?

  • adminMA
    7·
    2 months 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!

  • oliver_twistedEnglish
    3·
    2 months ago

    Has been a while since i needed to swap anything to get monero since localmonero came about and now haveno.

    • jay_edwardsOPEnglish
      2·
      2 months ago

      Good point I should admit. I also started using Haveno, though, sometimes instant crypto exchange seems more convenient

  • key_brolinEnglish
    2·
    2 months ago

    I use them. You mentioned Exolix, that’s a good one. Trocador is perfect aggregator to choose the best exchanges for swapping. I guess, any exchanges with good rating could be chosen for regular use

  • Wizard
    1·
    2 months ago

    I dont buy on them but i trade on them sometimes when somebody doesnt take xmr. eventaully ill probably set up basicswap and go that route though.

  • jet@hackertalks.comEnglish
    1·
    2 months ago

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

    Just be aware of KYC burden

    • key_brolinEnglish
      2·
      2 months ago

      Just be aware of KYC burden

      Is there KYC? I thought these services don’t require it

      • jet@hackertalks.comEnglish
        2·
        2 months 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
          3·
          2 months 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.

          • jay_edwardsOPEnglish
            3·
            2 months ago

            So, what instant exchanges do you recommend to use?

            • BobGnarley@lemm.ee
              1·
              2 months 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_addamsEnglish
                11·
                2 months 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