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?
2 points
Just be aware of KYC burden
Is there KYC? I thought these services don’t require it
2 points
They can, but they will only tell you that you need to do kyc after they have custody of your funds.
3 points
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.
3 points
