Monero @monero.town jay_edwards @monero.town 3 wk. ago

Do you use instant crypto exchanges as the option to buy Monero?

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?

20 comments

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!
Has been a while since i needed to swap anything to get monero since localmonero came about and now haveno.
- Good point I should admit. I also started using Haveno, though, sometimes instant crypto exchange seems more convenient
Yes, primarily because I buy every single month, no matter what. And so I always just swap USDC for Monero.
- SO, what exchanges do you use?
  
  Trocador
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
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.
They are options, if you already hold crypto they make a bunch of sense.

Just be aware of KYC burden
- Just be aware of KYC burden
  
  Is there KYC? I thought these services don't require it
  
  They can, but they will only tell you that you need to do kyc after they have custody of your funds.

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