Why can't I trust Centralised Exchanges, and random Monero nodes ?(blog.nowhere.moe)

posted 2 months ago

prancing389@monero.town

monero@monero.town

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Nihilist puts out another very informative article, great work!

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jay_edwards@monero.town

1 point

2 months ago

isn’t it better to use Decentralized exchanges or instant exchange services for Monero transactions in this case?

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nihilist@monero.town

1 point

2 months ago

sorry for the late reply but yes, in a decentralised exchange you are revealing your info to an other peer, rather than to a centralised exchange (or subphoneable entity), that makes a huge difference

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owe_addams@monero.town

1 point

2 months ago

so, on Centralized exchange you reveal nothing or what? in my opinion, that’s use to better instant exchanges, then. There is like, you swap to a liquidity provider, no registration and KYC, and transactions might be not traceable

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jay_edwards@monero.town

1 point

2 months ago

ce what about centralized ones? I mean, you reveal a lot of info to the exchange team, which can be disclosed to any authorities. It’s better to use instant exchange services

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