this post was submitted on 30 Jul 2023

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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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Why LocalMonero so expensive? (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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Why are prices on LocalMonero much higher than value in the market?

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

I was thinking about getting BTC at an ATM then buying XMR. Do that ATMs go through exchanges? I've never used one and was wondering what the privacy implications were...

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

Maybe depending on the countries/ATMs? Is this document no more up-to-date?

https://archive.org/details/how-to-buy-non-kyc-monero

This article uses the method described in How to use Text Verified to buy non-KYC bitcoin at a Bitcoin ATM (Wook 2022) and builds on it by describing how to use the non-KYC bitcoin purchased at the Bitcoin ATM to buy non-KYC monero through Bisq.

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

Oh cool. Thanks

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

Basically they scan your ID, there are limits and stuff, KYC tiers, different per company.