They even included a quote from a redditer that I thought wouldn’t be included.
Feds really must hate monero. Guess it’s a proof to keep using it
They even included a quote from a redditer that I thought wouldn’t be included.
Feds really must hate monero. Guess it’s a proof to keep using it
I get that buying bitcoin then trading for monero is time consuming and involves some loss of value in fees. Besides those two real drawbacks, are there others? That method does mostly retain privacy in that someone could see you bought bitcoin, but once converted they don’t know what you did with it.
Why do that when you can just buy it directly for Fiat? Local Monero may have shut down, but with its shut down Haveno has launched and is unstoppable. Local Monero was a centralized service, reto is not. No central point to press on.
https://monero.town/post/3143272
How do you send the fiat?
There are multiple ways. Face-to-face, cash-by-mail, wire transfer, ATM deposit, Zell, Revolut, etc. Take a look at the offer book and see what’s available.
I’ll look into reto.
Certainly face to face transactions seem to introduce more personal risk than a bitcoin to monero online transaction. Cash by mail takes more time. The other methods rely as much on the traditional banking system and trust.
Not saying those aren’t viable options, depending on use case. More I’m just trying to understand what’s out there and their pros/cons.
If you have crypto, you can do a crypto to Monero swap. There’s already some listings for Litecoin, Bitcoin Cash, and Bitcoin itself. The real problem is that right now the order book is rather thin because it is just starting out. Like it was released less than three days ago. However, in that time, we have already had four successful trades. And before our history got wiped out, we had two others. So we’ve had six total for shure and two got wiped out when the history got purged during an update recently. But that should not be required to occur again.