Hi everyone, I’d like to know if you use instant crypto exchanges when you need to buy or sell Monero? I mean such services as Exolix, Trocador, simpleswap and similar?
Hi everyone, I’d like to know if you use instant crypto exchanges when you need to buy or sell Monero? I mean such services as Exolix, Trocador, simpleswap and similar?
They are options, if you already hold crypto they make a bunch of sense.
Just be aware of KYC burden
Is there KYC? I thought these services don’t require it
They can, but they will only tell you that you need to do kyc after they have custody of your funds.
On trocador They have a shield icon if your transaction is insured and they also give a rating of a all the way down to D for exchanges. I think if you use a C or higher exchange, they will insure the transaction up to a certain point, like $1,000 US dollars.
So, what instant exchanges do you recommend to use?
Trocador and choose the insured ones. Usually B or C level
@jay_edwards @shortwavesurfer i just use trocador. app , find the best rates and go with it. I prefer A or B category exchanges. Also one with less processing time.