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Why LocalMonero so expensive?
(lemmy.ml)
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this post was submitted on 30 Jul 2023
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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They're not that much more expensive. Have you been to a bitcoin ATM? You'll tell them to go fuck themselves with those kinds of prices.
What you're seeing on localmonero is the true price for p2p. Exchange prices are lower because of the bullshit you have to tolerate to use them, bank accounts, KYC etc. There's a premium on p2p monero because it is better.
I was thinking about getting BTC at an ATM then buying XMR. Do that ATMs go through exchanges? I've never used one and was wondering what the privacy implications were...
Basically they scan your ID, there are limits and stuff, KYC tiers, different per company.