r/MoneroMeansMoney

Guys i am so tired of the "best no kyc swap for xmr" question every single day

its always the same and the answer hasnt changed. theres no private swap there isnt one. godex changenow stealthex trocador majesticbank, doesnt matter, pick whichever has your pair today and stop overthinking it. they all pull liquidity off binance bitfinex, they all have an aml policy you didnt read, they all have a freeze button they hope they never press on you.

i swapped into xmr like 4 times this year. used godex twice just bc the fixed rate didnt move and i couldnt be bothered comparing more. clean ltc in, fresh address, small. thats it. that was the whole strategy.
the "which service" part is the least important decision you will make and you people spend 40 comments on it

the deposit coin is what burns you. not the logo on the website. xmr does the privacy. the swap is a turnstile.

stop asking. search the sub. its answered 900 times

Most people are not tech savvy or privacy oriented enough to want to own Monero individually. If you want to popularize Monero use, you need a trusted intermediary that does all the technical stuff so people only need to look at an app on their phone to handle all things money related. Very few people understand how the fiat system works yet it is the standard, not only because of government control but also because it is the most convenient. Privacy is not enough, you need to make crypto convenient for people to switch over. Also, a large well known bank with deposit guarantees will make people trust the currency more, people don't like to do everything alone but prefer to delegate some power to others that they can trust and do things for them.

I also think that fractional reserve banking should be allowed as it increases liquidity and allows people to earn yields which makes the currency more attractive. It should be an option though, not mandatory like now. There should be financial markets in Monero, people should be able to borrow and invest in Monero currency, this is how you loosen the control of fiat currency over the world and create an economy based on Monero. How this will be done though I'm not sure, as I have to respect the rules of this sub

I’ve been wondering if anyone in the Monero community is working on a simple way to automatically buy XMR on a set schedule, like every payday, without relying on a centralized exchange.

Right now, Kraken is honestly one of the only seamless options I know of where I can set up recurring crypto buys and have it sit somewhere I have some level of control before moving it to my own wallet. I don’t want to depend on Kraken long-term, but the convenience of automatic recurring buys is hard to beat.

Ideally, I’d love something beginner-friendly where I could set a weekly or biweekly purchase amount, connect a payment method, and have the XMR automatically sent to my wallet or at least make the self-custody process easier.

I’m not very tech savvy, so making my own script is not really something I want to mess with. I’m more curious if anyone is already building something like this, knows of an existing tool, or has insight into why this is difficult to do in a non-custodial or privacy-respecting way.

Any recommendations, projects, or explanations would be appreciated.

I made a trade like a year ago. My 15% deposit returned to, at least I hope so, separate wallet address than my main one. How do I move it to my main wallet address or how do you move it out of the app.

Is there some chat IRC or whatever where people more familiar to RetoSwap hangs?

It's official: The so-called Monero "DEX" (which was in reality very centralized), has officially rugged its users. XMR1 swap routes have been down for more than a week and the founder who went by "Perpetual Cow" has completely vanished.

This is another reminder that Monero cannot be bought through a real DEX. Building one is nearly impossible without on-chain confirmations, which means third party risk has always been assumed in from day one. Wagyu knew this and still called itself a DEX, even ran marketing around a fake $2M swap video.

Over the last 10 years Monero essentially 40x’d from 10USD to 400USD. Is a 6x or so, like 2500USD-3000USD over the next 5 years or so a ridiculous expectation?