PSA: when getting monero from a centralized exchange, ALWAYS withdraw your funds to your non-custodial wallet when you can (lemmy.dbzer0.com)

submitted 5 months ago by aldalire@lemmy.dbzer0.com to c/monero@monero.town

16 comments fedilink hide all child comments

Unless you enjoy holding paper monero, and letting centralized exchanges get away with fractional reserves, always withdraw your crypto!

you are viewing a single comment's thread
view the rest of the comments

[-] freedomtools@monero.town 1 points 4 months ago

CEXs are important for the xmr ecosystem. The least fees, quick and convenient. They should be avoided if possible, but in reality, it's not very possible.

[-] aldalire@lemmy.dbzer0.com 1 points 4 months ago* (last edited 4 months ago)

I mean, it is very possible to avoid CEXs. I just choose to take advantage of them while they (Kraken) haven’t banned Monero from their exchange (RIP belgium and ireland)

Looking at the long term though to provide an indestructible on/off ramp we need DEXs, I’ve tried out Haveno Reto and it’s looking good: https://github.com/retoaccess1/haveno-reto/releases/tag/v1.0.7