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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[–] sanqueue@lemmy.world 1 points 11 months ago* (last edited 11 months ago) (1 children)

This is interesting. Is there a way to bridge the tokens out to other chains too?

[–] Saki@monero.town 1 points 11 months ago* (last edited 11 months ago) (1 children)

When trying to swap something to XMR (esp. a large amount? or at a small CEX?), it seems that there is always a possibility that the CEX (which may claim you can swap any amount) may not actually have enough XMR.

(They might be offering to sell Monero, when they don’t have enough.)

PS. Historically there are a few warnings: https://metager.de/meta/meta.ger3?eingabe=Exolix%20Monero

[–] sanqueue@lemmy.world 1 points 11 months ago

Thank you. I’ll take note of this