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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Is there a way to swap other tokens to Monero? (lemmy.world)

submitted 11 months ago by [email protected] to c/[email protected]

23 comments fedilink hide all child comments

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 11 months ago (1 children)

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

[–] [email protected] 1 points 11 months ago* (last edited 11 months 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 11 months ago* (last edited 11 months 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

[–] [email protected] 1 points 11 months ago

Thank you. I’ll take note of this