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?

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

They can, but they will only tell you that you need to do kyc after they have custody of your funds.

[–] [email protected] 3 points 2 months ago (1 children)

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.

[–] [email protected] 3 points 2 months ago (3 children)

So, what instant exchanges do you recommend to use?

[–] [email protected] 3 points 2 months ago

Trocador and choose the insured ones. Usually B or C level

[–] [email protected] 2 points 2 months ago* (last edited 2 months 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.

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

Always use the one that insures your full amount of funds. Its capped at $1000 but this should be plenty because the fees will always be lower than getting robbed.

Trocador is the only one I'd recommend for that but for direct fiat to XMR or XMR to fiat I would highly recommend Haveno Reto. It is growing every single day and I can usually find a match within a couple hours.

[–] [email protected] 0 points 2 months ago (1 children)

If I am not mistaken, Haveno reto has problems with set up, no? I tried it, but now, decided to return to Trocador, Exolix and simpleswap

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

I haven't heard of any set up problems. What system are you using?