this post was submitted on 25 Sep 2024
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Monero

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it just hard to convert it to fiat, even decentralized excahnge right now have limited option like haveno and localmonero is down.. could anyone give tips on how to convert xmr to fiat? preperably no kyc, but if there is kyc its fine also

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

Swap your Monero to a currency using a decentralized exchange or something like Trade Ogre or StealthEX, then sell on whatever exchange you have access to. Ideally if you want to go the KYC route (don't support KYC businesses if you can) then use an exchange like Kraken or anyone who still offers Monero just to support the ecosystem & keep them around.

Gift cards from Coin Cards or Cake Pay are great options as well. Also just see if you can pay people in XMR, I've ended up being able to pay so many people online for such random things in XMR with a bit of convincing, obviously in person people will just want cash. Crypto really is online money first. Great for long-distance transfers & storing value in a fully self-sovereign way.