this post was submitted on 02 May 2024
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What about the on-ramp and off-ramp fees? Wouldn't it be higher than the traditional transfer fee?
Generally, the peer-to-peer rate is about 10% higher than the KYC rate. So if you buy Monero with KYC in your country and then send it to whoever and they sell it peer-to-peer, they will generally get about 10% above the market price. Cash by mail or cash in person are going to be the cheapest ways simply because there aren't online platforms involved that can reverse the transaction.