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 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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Nihilist puts out another very informative article, great work!

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[–] [email protected] 0 points 1 month ago* (last edited 1 month 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

[–] [email protected] 0 points 1 month ago (1 children)

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

[–] [email protected] 0 points 1 month ago

sorry for the late reply but yes, in a decentralised exchange you are revealing your info to an other peer, rather than to a centralised exchange (or subphoneable entity), that makes a huge difference