this post was submitted on 30 Jul 2023
20 points (95.5% liked)

Monero

1662 readers
13 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
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 1 year ago (4 children)

They're not that much more expensive. Have you been to a bitcoin ATM? You'll tell them to go fuck themselves with those kinds of prices.

What you're seeing on localmonero is the true price for p2p. Exchange prices are lower because of the bullshit you have to tolerate to use them, bank accounts, KYC etc. There's a premium on p2p monero because it is better.

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

load more comments (1 replies)
load more comments (1 replies)