this post was submitted on 06 Dec 2023

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

submitted 11 months ago by sanqueue@lemmy.world to c/monero@monero.town

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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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[–] MetaRyuk@monero.town 2 points 11 months ago (1 children)

It's not a straight forward process based on my experience (im not a highly technical user and not a dev). I haven't seen any DEX offering to swap tokens to MOnero given that most DEXs are not on Monero chain. And many CEXs are also not offering Monero due to regulatory issue. There are some CEXs you can use such as MEXC and TraderOgre using USDT and BTC as XMR's pair. I'm not aware that you will be flagged for buying XMR in huge quantity..which platform would flag that if you dont mind me asking.

[–] Saki@monero.town 1 points 11 months ago

XMR/BTC is easy on Bisq, a DEX but BTC fees are crazy!