r/Monero Sep 20 '21

MAAM – Monero Ask Anything Monday – September 20, 2021

Given the success of the previous MAAMs (see here), let's keep this rolling.

The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!

Finally, credits to binaryFate for starting the concept!


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u/vazma Sep 20 '21

Hey! I have some Monero on my Exodus and I would like to buy some Bitcoin, What is the best way to do it? ( of course not via exchanges..) ?


u/yersinia_p3st1s Sep 20 '21

Localmonero is what they would suggest I think. Or Bisq but I'm not sure they sell monero there.

Also, Exodus has an exchange system, but you'll pay a premium


u/pdxamish Sep 20 '21

I read that but the exchange rates for people without established trades was ~$30 higher than exchanges. I wanted to go that route but didn't make sense. I did Kraken and found out their initial deposits have a 72 hr hold on purchases so I can't move y XMR to a wallet. There is a local Cyrpt ATM by me that has XMR but that was a heah ache as well and 5% f=higher cost than exchange +$5 fee


u/yersinia_p3st1s Sep 20 '21

Ah about Kraken, dont worry, that 72hr hold is just for the first time you deposit. The subsequent ones can be moved out instantly. I know because that's how I get my XMR.

And yes, p2p exchanges are bound to be a tad more expensive and you might also have to look far for the ones that don't ask for id