Do you use instant crypto exchanges as the option to buy Monero? (monero.town)

submitted 1 month ago by jay_edwards@monero.town to c/monero@monero.town

20 comments fedilink hide all child comments

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?

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

[-] jet@hackertalks.com 2 points 1 month 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 points 1 month 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_edwards@monero.town 3 points 1 month ago

So, what instant exchanges do you recommend to use?

[-] kevino1@fosstodon.org 2 points 1 month ago* (last edited 1 month ago)

@jay_edwards @shortwavesurfer i just use trocador. app , find the best rates and go with it. I prefer A or B category exchanges. Also one with less processing time.