this post was submitted on 11 Jun 2024
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Monero

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

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PSA: when getting monero from a centralized exchange, ALWAYS withdraw your funds to your non-custodial wallet when you can (lemmy.dbzer0.com)
submitted 2 months ago by [email protected] to c/[email protected]
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Unless you enjoy holding paper monero, and letting centralized exchanges get away with fractional reserves, always withdraw your crypto!

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

CEXs are important for the xmr ecosystem. The least fees, quick and convenient. They should be avoided if possible, but in reality, it's not very possible.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

I mean, it is very possible to avoid CEXs. I just choose to take advantage of them while they (Kraken) haven’t banned Monero from their exchange (RIP belgium and ireland)

Looking at the long term though to provide an indestructible on/off ramp we need DEXs, I’ve tried out Haveno Reto and it’s looking good: https://github.com/retoaccess1/haveno-reto/releases/tag/v1.0.7