this post was submitted on 07 Sep 2024

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Why can't I trust Centralised Exchanges, and random Monero nodes ? (blog.nowhere.moe)

submitted 1 week ago* (last edited 1 week ago) by prancing389@monero.town to c/monero@monero.town

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Nihilist puts out another very informative article, great work!

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[–] Ammortel@monero.town 1 points 1 week ago* (last edited 1 week ago) (3 children)

OK centralized exchanges and chainanalysis know that I own monero ?

Then what ? How is it bad ? They still can't figure out what I'm doing with it. The maximum they could ever tell is that I am spending some. They couldn't tell in what amounts and to whom.

My privacy isn't affected in any way.

[–] nihilist@monero.town 1 points 6 days ago* (last edited 6 days ago) (1 children)

small detail, centralised exchanges know how much monero went through them. for that particular account. If you KYC'd there, they know how much monero YOU bought or sold on their platform

[–] jay_edwards@monero.town 1 points 4 days ago

isn't it better to use Decentralized exchanges or instant exchange services for Monero transactions in this case?

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