this post was submitted on 06 Dec 2023

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Monero

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Is there a way to swap other tokens to Monero? (self.monero)

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

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Currently if you were to buy Monero in huge quantity, you’ll be flagged and there’s no DEX that offers Monero. What’s the best way to buy Monero now?

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

See also: https://monero.town/post/942859 How to sell $300k+ Monero without origin of funds?

[–] sanqueue 1 points 1 year ago* (last edited 1 year ago) (1 children)

This is interesting. Is there a way to bridge the tokens out to other chains too?

Edit: found out you can use exolix to do this

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

When trying to swap something to XMR (esp. a large amount? or at a small CEX?), it seems that there is always a possibility that the CEX (which may claim you can swap any amount) may not actually have enough XMR.

(They might be offering to sell Monero, when they don’t have enough.)

PS. Historically there are a few warnings: https://metager.de/meta/meta.ger3?eingabe=Exolix%20Monero

[–] sanqueue 1 points 1 year ago

Thank you. I’ll take note of this