Holy shit Majestic Bank is still around, I had forgotten about them. (majesticbank.sc)

submitted 5 months ago by magicbeergut@monero.town to c/monero@monero.town

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I just saw them on kycnot.me, and gave them another try, not bad at all, it's been what, 2 years they've been around? It seems like the OGs stick around. Another XMR ramp is always welcome.

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[-] ksilverstein@monero.town 5 points 5 months ago

The issue with Majestic Bank has been that they'd advertise a certain conversion rate (e.g. XMR/USD), then jack that rate up significantly unbeknownst to you at the last second right before you hit send. Not sure if they still do that but they tried to do it to me (and others) once and I never used them again. I posted on r/monero about this a couple of years ago.

[-] chaser@monero.town 3 points 5 months ago* (last edited 5 months ago)

they've done worse every time I used them: they jacked up the price well after my deposit was detected by them. I ended up losing several percents compared to the price they promised.

it's a scammy service and they invest a lot into event sponsorships (for conferences, meetups) to gain visibility. they also leave useless comments on GitHub issues, which also looks like self-promotion. just like this useless Lemmy post. I'll never use them again.

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this post was submitted on 24 May 2024

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