this post was submitted on 11 Jun 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Monero, XMR, crypto, cryptocurrency

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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 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 0 points 3 months 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.