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?
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?
19 Comments
admin@monero.town · 6 pts · 1y
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!
shortwavesurfer@lemmy.zip · 3 pts · 1y
Yes, primarily because I buy every single month, no matter what. And so I always just swap USDC for Monero.
owe_addams@monero.town · 2 pts · 1y
SO, what exchanges do you use?
shortwavesurfer@lemmy.zip · 3 pts · 1y
Trocador
owe_addams@monero.town · 1 pts · 1y
and which exchanges you use on Trocador itself?
shortwavesurfer@lemmy.zip · 2 pts · 1y
The highest rated one I can that has insurance with the full shield icon.
oliver_twisted@monero.town · 3 pts · 1y
Has been a while since i needed to swap anything to get monero since localmonero came about and now haveno.
jay_edwards@monero.town · 2 pts · 1y
Good point I should admit. I also started using Haveno, though, sometimes instant crypto exchange seems more convenient
key_brolin@monero.town · 2 pts · 1y
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
jet@hackertalks.com · 1 pts · 1y
They are options, if you already hold crypto they make a bunch of sense.
Just be aware of KYC burden
key_brolin@monero.town · 2 pts · 1y
Is there KYC? I thought these services don't require it
jet@hackertalks.com · 2 pts · 1y
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 pts · 1y
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_edwards@monero.town · 3 pts · 1y
So, what instant exchanges do you recommend to use?
shortwavesurfer@lemmy.zip · 3 pts · 1y
Trocador and choose the insured ones. Usually B or C level
BobGnarley@lemm.ee · 1 pts · 1y
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.town · 0 pts · 1y
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
BobGnarley@lemm.ee · 1 pts · 1y
I haven't heard of any set up problems. What system are you using?
Wizard@monero.town · 1 pts · 1y
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.