Thank you for news. Will continue using Exolix, swapspace and other instant crypto exchanges
this post was submitted on 28 Oct 2024
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This reminds me of the people confidentially talking about how they use FTX and "the experts are better at keeping the coins safe than i do" so they leave their coins on CEXs and get rugged.
Was I talking about CEXes? I said about other opportunities for operations with Monero
This should be interesting. If you know. You know. /gets popcorn ready
Help someone out of the loop!
I have only been following Monero stuff loosely for a few years. i remever some controversy where there was at least 2 forks of Hevano claiming to be the original.
What was the controversy and resolution there?
That one fork was from me, I decided not to continue and didn't launch.
Also no one claimed to be original.
well except for that one that never launched but bought a ton of haveno domains, cloned the haveno website and even got @haveno on telegram
Will it be working normally? I'd like to use something more reliable.
Used it on two occasions already. One trade took 2h (I guess the trading peer was busy) and the other one was less than one minute after blockchain confirmation finished (10 blocks as usual).
What else "working normally" do people need? There are already very good offers from time to time. If you check once or twice a day you can get pretty decent offers (0% markup or very close). Also I heard people say that liquidity is now upwards of 1400 xmr in the platform.
Just try it out, its way simpler than people make it sound
Sounds interesting, maybe it's a good point for trading. But I usually need just to get Monero or sell it, so I use Exolix, simpleswap or other options for swaps
Well as always, depending on your use case and your threat model, using those swap services might not be the best idea, specially if you want to be "stealthy" when purchasing or selling xmr.
If you buy or sell XMR in simpleswap and use a KYC'd coin (like BTC that you withdrew or deposited from/to a CEX like kraken or binance), then authorities can ask the simpleswap owners and they will show them that you traded Monero.
Again if this is not a concern to you, then perhaps those swapping services are "good enough", even though I have read countless stories of them performing shotgun scams and shotgun KYC where they will randomly select you and make it very difficult for you to recover your funds, especially if those funds do not come from "trusted" sources aka another CEX.
But again as always, that is up to you and your use case / threat model, and the risks you are willing to take.