PSA: when getting monero from a centralized exchange, ALWAYS withdraw your funds to your non-custodial wallet when you can (lemmy.dbzer0.com)

submitted 3 weeks ago by aldalire@lemmy.dbzer0.com to c/monero@monero.town

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Unless you enjoy holding paper monero, and letting centralized exchanges get away with fractional reserves, always withdraw your crypto!

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[-] freedomtools@monero.town 1 points 2 weeks ago

CEXs are important for the xmr ecosystem. The least fees, quick and convenient. They should be avoided if possible, but in reality, it's not very possible.

[-] aldalire@lemmy.dbzer0.com 1 points 2 weeks ago* (last edited 2 weeks ago)

I mean, it is very possible to avoid CEXs. I just choose to take advantage of them while they (Kraken) haven’t banned Monero from their exchange (RIP belgium and ireland)

Looking at the long term though to provide an indestructible on/off ramp we need DEXs, I’ve tried out Haveno Reto and it’s looking good: https://github.com/retoaccess1/haveno-reto/releases/tag/v1.0.7