this post was submitted on 07 Sep 2024
12 points (100.0% liked)

Monero

1675 readers
28 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
[email protected]
12
Why can't I trust Centralised Exchanges, and random Monero nodes ? (blog.nowhere.moe)
submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]
14 comments fedilink hide all child comments
 

Nihilist puts out another very informative article, great work!

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 2 months ago (1 children)

isn't it better to use Decentralized exchanges or instant exchange services for Monero transactions in this case?

[–] [email protected] 1 points 2 months ago (2 children)

sorry for the late reply but yes, in a decentralised exchange you are revealing your info to an other peer, rather than to a centralised exchange (or subphoneable entity), that makes a huge difference

[–] [email protected] 1 points 2 months ago

so, on Centralized exchange you reveal nothing or what? in my opinion, that's use to better instant exchanges, then. There is like, you swap to a liquidity provider, no registration and KYC, and transactions might be not traceable

[–] [email protected] 1 points 1 month ago

ce what about centralized ones? I mean, you reveal a lot of info to the exchange team, which can be disclosed to any authorities. It's better to use instant exchange services