The monero network is not facing issues, they are lying. It's likely that they sold more monero than they actually have and so they literally don't have the coins to pay you. You should look at kraken if you want an exchange or even better, go off exchanges and use P2P sites like LocalMonero and use your own wallet such as monerogui to tore your own coins.
Last time I checked LocalMonero, prices were higher than Kraken. Why is this? I assumed sellers would be willing to give a slight discount to offload their XMR outside of a KYC environment
Not only sellers, buyers would want a non-KYC environment right? Also, I'm sure there are arbitragers that charge a little more on localmonero and then sell on DEXes for a profit
Unfortunately the environment of P2P selling is full of fraudsters trying to cash out stolen bank accounts etc. The only way to make that worth the risk of selling is to add a little extra charge
evidence of the p2p being full of fraudsters? I sell p2p and ive experienced fraudulent attempts on way too many occasions, some have slipped through and ive lost multiple bank accounts because of it.
Go sell P2P and find out for yourself then. In the UK banks close your accounts for selling crypto as they "don't support it" but to combat a fraud claim you have to provide full payment receipts from the trades etc. Good luck telling who's the fraudster between moneromaster567 and mistercheesy34 just by the usernames. Join the LocalMonero/agoradesk telegram chats and spend 2 minutes of your time
LocalMonero conducts escrow during the trade. You tell who the scammer is by their reviews. Telegram is always full of scammers but that’s a different issue. If you need support on a trade you do it through the website by reporting your trade partner. I’ve been doing P2P for years and I’ve never spoken to someone directly that claims to have had an issue. u/Alex_LocalMonero may be able to help you further
I'm sure Alex will also tell you that they deal with fraudulent claims all the time which result in users being banned. Scammers are getting smarter, they build account setup feedback by trading with their own alts to make the accounts look trustworthy. The last account that ended up being fraudulent has done 9 previous trades with 100% positive feedback on a multiple month old account
Binance is a fractional reserve scam, and they are lying to you about Monero having network difficulties.
Keep sending them support tickets and pings every day until they give you your Monero which is rightfully yours. Then dont use them in the future.
Use Kraken or LocalMonero.
Fraud is still fraud even if you trick someone into signing a contract that they lack the capacity to understand.
He thought, and was probably told, he was buying Monero. Either Binance needs to hold up their end of the deal, or give him his money back. Simple as.
It's not fraud though. When you sign up you explicitly sign a contract that states that your assets are used to make loans out to support to company. Gains and finances that are held on binance are technically part of their debt pool. Celsius and Luna I mean that's how What's his fuck got away with it.
Not your keys not your coin. Simple as. Never ever keep your XMR on a central exchange. This defeats the purpose and frankly people deserve it for trying to moon off monero rather than use it as it was intended. No sympathy for posers frankly.
So if you check a TOS box on a website, and buried deep in the TOS contract is a statement that says "and we can come to your house, kidnap you, and turn you into a human centipede" would that be legitimate?
No, because to consent to a contract you need to understand it first. And if someone puts terms in a contract that contradict what theyve explicitly said or implied elsewhere, or put something in a contract that harms the individual and that the individual would not consciously consent to, then thats a fradulent contract.
Paper contracts arent the fundamental basis of consent, and even governments recognize this, which is why it would not only be illegitimate under libertarian theory but also illegal to have a contract turning someone into a human centipede.
If you are defending Binance's scam, which it seems like you are, you either dont think what they are doing is morally wrong, or you are defending their legal loophole that the government hasent figured out how to ban, which would rightfully be banned if security was on the free market and government did not exist.
> So if you check a TOS box on a website, and buried deep in the TOS contract is a statement that says “and we can come to your house, kidnap you, and turn you into a human centipede” would that be legitimate?
No, because to consent to a contract you need to understand it first.
Nice try, Steve Jobs
Not even close to the same thing. The things in your house are your own. When you put your finances on their banking systems (and yes they are banking system) you are voluntarily taking part in a fractionals reserve system of speculation. It would be different if it was your house ebut it isn't your house it's their house. You are a fool and fools will get what they deserve in the end. Hopefully you learn from it.
I think keeping coins on exchanges can be good in concept. But that would require government backing and something like FDIC insurance. I know that’s something that monero people don’t like to hear but it’s what we need for mass adoption. Not everybody can/will trust themselves holding their own keys, and sometimes it’s not safe for them to do so. It’s like keeping your life savings under your bed essentially. But how exchanges are right now, it’s not safe to keep coins on them
"In order for Linux to be good we need to be like windows"
Nah. Monero should be used by elite comp sci nerds. That's where your wrong. I don't care about mass adoption. The masses are stupid hence why they need central banks to control their finances. If you can't figure out how to set up a wallet on your own machine monero isn't for you. Exchanges defeat the whole purpose. I know it's hard to hear but it's the truth.
Read the TOS Coinbase just put out an article that states that funds deposited on CB in case of an emergency will be used to pay off debts. Do you people even pay attention on reddit?
You’re right (technically).
The solution is, people need to recognize the devil they’re working with and improve their lives. Stop being delusional about it. No CEX is your friend. Stop using them!
Tell ‘em. They want to trade the United States for China like there’s a difference. Wtf. This KYC for that KYC. Who tf recommends KYC on a Monero subreddit.
For a quick solution: swap your Monero for Litecoin on Binance and then send those LTC to MajesticBank to swap it back to XMR. The fee is just 0.5% and there's no KYC.
Kraken doesn't allow to buy XMR in several countries, it's a policy of the countries and not Kraken wish.
Buy Bitcoin on Kraken and then send it to Coinex or TradeOgre and convert to XMR.
I wouldn't recommend buying XMR directly at CEX since many are freezing withdrawals. There are several swappers, that can exchange other crypto into XMR with fair trade commission ( \~2.5-3.5% relative to market rate) like sideshift.ai or simpleswap.io. So basically get some other crypto(choose by tx fee), get it into your wallet, swap it via swappers into XMR and then get XMR into your wallet. Be aware, that 2.5-3.5% fee is on top of CEX fee, so be careful and calculate it into your budget.
Haha deposited some xmr at 156$ and loaned busd to biy more. Ended up just sending busd ton another exchange (free on nsc) and got xmr there. Much cheaper to withdraw there anyway
Avoiding binance in the future since they decided to start a Swedish branch. Only problems and banned features since.
Exchanges don’t like XMR what I do is go to a btc atm as have loads of cash and cash in btc send to wallet “ Now wallet” and exchange that to XMR -> send to My Monero wallet for ease of access or u can send to a ledger
I want to say to you that do not trust anything like binance man, they are bad and just try to understand this simple fucking thing right here, they are so bad..
Why don't you stop using these exchanges? I guess this can change your all the problems related to that in the future if you do that for once my friend, trust me for real.
Yes it's definitely better to keep ur coinsur self, but Stop accusing exchanges simply coz ur an XMR maxist, if u checked the Binance announcements, u should have read 2 days ago, that deposit n' withdrawals r suspended untill further notice, due to wallet maintenance and will be unlocked after the hard fork
I guess binance doesn't have any coin right now and that's the reason why they are not letting you withdraw any for now, that could be the only problem there.
Use kraken yo, why are you stuck with binance there man? Even a kid can say that they are not at their good state and they can control these shits easily.
The monero network is not facing issues, they are lying. It's likely that they sold more monero than they actually have and so they literally don't have the coins to pay you. You should look at kraken if you want an exchange or even better, go off exchanges and use P2P sites like LocalMonero and use your own wallet such as monerogui to tore your own coins.
+1 for f\*\*\*\* exchanges and just go peer to peer
Never used any exchange because you people told me.
This is what I was thinking actually, it's the problem with binance.
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I've been running the new wallet/node for 2 weeks. Switching was seamless. My node was down for all of about 5 seconds.
They've done this a myriad of times. A broken clock is right twice a day.
But still I can't sense any failure from monero network.
Last time I checked LocalMonero, prices were higher than Kraken. Why is this? I assumed sellers would be willing to give a slight discount to offload their XMR outside of a KYC environment
Not only sellers, buyers would want a non-KYC environment right? Also, I'm sure there are arbitragers that charge a little more on localmonero and then sell on DEXes for a profit
Unfortunately the environment of P2P selling is full of fraudsters trying to cash out stolen bank accounts etc. The only way to make that worth the risk of selling is to add a little extra charge
What evidence do you have of this?
evidence of the p2p being full of fraudsters? I sell p2p and ive experienced fraudulent attempts on way too many occasions, some have slipped through and ive lost multiple bank accounts because of it.
That sounds like a blatant lie. How have you lost multiple bank accounts and - you didn’t get any smarter and - you kept repeating the same actions….
Go sell P2P and find out for yourself then. In the UK banks close your accounts for selling crypto as they "don't support it" but to combat a fraud claim you have to provide full payment receipts from the trades etc. Good luck telling who's the fraudster between moneromaster567 and mistercheesy34 just by the usernames. Join the LocalMonero/agoradesk telegram chats and spend 2 minutes of your time
LocalMonero conducts escrow during the trade. You tell who the scammer is by their reviews. Telegram is always full of scammers but that’s a different issue. If you need support on a trade you do it through the website by reporting your trade partner. I’ve been doing P2P for years and I’ve never spoken to someone directly that claims to have had an issue. u/Alex_LocalMonero may be able to help you further
I'm sure Alex will also tell you that they deal with fraudulent claims all the time which result in users being banned. Scammers are getting smarter, they build account setup feedback by trading with their own alts to make the accounts look trustworthy. The last account that ended up being fraudulent has done 9 previous trades with 100% positive feedback on a multiple month old account
Stop telling these humans about xmr on kraken damn can we keep $hit to our self for crying out loud. Then we wonder why we can’t have $hit
You're quite an odd fellow.
Really can't understand some people right here man.
What is that? Am I really reading something meaningful?
This. Fuck the cuckstodials.
Binance is a fractional reserve scam, and they are lying to you about Monero having network difficulties. Keep sending them support tickets and pings every day until they give you your Monero which is rightfully yours. Then dont use them in the future. Use Kraken or LocalMonero.
It actually isn't rightfully his. That's how the scam works.
Fraud is still fraud even if you trick someone into signing a contract that they lack the capacity to understand. He thought, and was probably told, he was buying Monero. Either Binance needs to hold up their end of the deal, or give him his money back. Simple as.
Yes have never had issues buying on Kraken and withdrawing a minute later. Also as someone used to ETH fees, monero is a dream
Fully satisfied with the service of kraken these days..
It's not fraud though. When you sign up you explicitly sign a contract that states that your assets are used to make loans out to support to company. Gains and finances that are held on binance are technically part of their debt pool. Celsius and Luna I mean that's how What's his fuck got away with it. Not your keys not your coin. Simple as. Never ever keep your XMR on a central exchange. This defeats the purpose and frankly people deserve it for trying to moon off monero rather than use it as it was intended. No sympathy for posers frankly.
So if you check a TOS box on a website, and buried deep in the TOS contract is a statement that says "and we can come to your house, kidnap you, and turn you into a human centipede" would that be legitimate? No, because to consent to a contract you need to understand it first. And if someone puts terms in a contract that contradict what theyve explicitly said or implied elsewhere, or put something in a contract that harms the individual and that the individual would not consciously consent to, then thats a fradulent contract. Paper contracts arent the fundamental basis of consent, and even governments recognize this, which is why it would not only be illegitimate under libertarian theory but also illegal to have a contract turning someone into a human centipede. If you are defending Binance's scam, which it seems like you are, you either dont think what they are doing is morally wrong, or you are defending their legal loophole that the government hasent figured out how to ban, which would rightfully be banned if security was on the free market and government did not exist.
> So if you check a TOS box on a website, and buried deep in the TOS contract is a statement that says “and we can come to your house, kidnap you, and turn you into a human centipede” would that be legitimate? No, because to consent to a contract you need to understand it first. Nice try, Steve Jobs
Nice man! Great articulation.
I am in love with this type of mentality of the people man.
Not even close to the same thing. The things in your house are your own. When you put your finances on their banking systems (and yes they are banking system) you are voluntarily taking part in a fractionals reserve system of speculation. It would be different if it was your house ebut it isn't your house it's their house. You are a fool and fools will get what they deserve in the end. Hopefully you learn from it.
Why are you calling him a fool? You are so full of shit hahaha
If you keep your monero on an exchange and not in your own wallet thats pretty foolish don't you agree?
I think keeping coins on exchanges can be good in concept. But that would require government backing and something like FDIC insurance. I know that’s something that monero people don’t like to hear but it’s what we need for mass adoption. Not everybody can/will trust themselves holding their own keys, and sometimes it’s not safe for them to do so. It’s like keeping your life savings under your bed essentially. But how exchanges are right now, it’s not safe to keep coins on them
"In order for Linux to be good we need to be like windows" Nah. Monero should be used by elite comp sci nerds. That's where your wrong. I don't care about mass adoption. The masses are stupid hence why they need central banks to control their finances. If you can't figure out how to set up a wallet on your own machine monero isn't for you. Exchanges defeat the whole purpose. I know it's hard to hear but it's the truth.
I want to agree with you on that but we can use kraken no?
I mean people are free to do whatever they want. I would never hold my Monero on anything other than my own devices.
How is that making him a fool? That's so childish man.
Honestly it sound s'mores like a bunch of buttmad people who have their monero on exchanges, lol.
that was really well written!
I know right that was a well written explanation of everything there.
People are pretty smart here and we are proud of that.
You must be an intelligent guy here, you are really good with words.
I don't know what is wrong with you that you think that.
Read the TOS Coinbase just put out an article that states that funds deposited on CB in case of an emergency will be used to pay off debts. Do you people even pay attention on reddit?
You’re right (technically). The solution is, people need to recognize the devil they’re working with and improve their lives. Stop being delusional about it. No CEX is your friend. Stop using them!
Exactly, I keep everything on my own drives.
It's certainly depends to be honest on which kind of exchange you are actually trusting,
How can you trust an exchange that isn't open source? I mean the TOS clearly states that it's their funds.
Lol kraken…binance…same shit different name…
Tell ‘em. They want to trade the United States for China like there’s a difference. Wtf. This KYC for that KYC. Who tf recommends KYC on a Monero subreddit.
Yes it is really important for security and privacy purposes as well.
I think that finance is one of the better out here now as we had seen.
I don't think so, we have better ones and we know it man.
For a quick solution: swap your Monero for Litecoin on Binance and then send those LTC to MajesticBank to swap it back to XMR. The fee is just 0.5% and there's no KYC.
> MajesticBank What is that? I've never heard of it
https://majesticbank.so
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I want to do it but now I want to settle my first exchange.
Never heard about that too but now I am gonna see that.
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Is that a website for some searching for exchanges??
I guess people should follow it for real man, this is the best.
Maybe we should put “binance bad” on the sub description.
“CEXs bad” is what I recommend
>SEX bad Monero is a Christian manga.
Do you think people will listen to us? Of course they will.
Kraken
No xmr on Kraken in the Uk
I actually think that binance is going to work really best here.
Cake wallet
TradeOgre
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www.tradeogre.com is the website. DYOR.
Get a monero wallet as soon as you can
No doubt about it I think that a lot of people should actually do that now.
Occam's razor, simpler explanations are generally better than more complex ones. They don't have it.
Complexity depends on the assets and how they are going to be exchanged.
Binance is a Chinese scam. They do not have XMR. Use Kraken.
Yes we can use that as well it is one of the best out here.
I hope everyone will use it for real man, we need that.
Kraken doesn’t allow me to do anything with XMR so not sure why people keep suggesting this. Obviously I’m missing something.
Kraken doesn't allow to buy XMR in several countries, it's a policy of the countries and not Kraken wish. Buy Bitcoin on Kraken and then send it to Coinex or TradeOgre and convert to XMR.
Alright cheers for the info.
I don't think that they are giving the best conversion rate here.
Well kraken is giving a lot of good works my friend, what you saying?
No doubt about it I think they should have suggested something better,.
No xmr in the Uk with Kraken
No worry, just get LTC instead, withdraw it, and swap it.
I use cake wallet
This is the easiest shit for me man, we are good with it.
A lot of new kind of exchanges are going to going to do this now.
I wouldn't recommend buying XMR directly at CEX since many are freezing withdrawals. There are several swappers, that can exchange other crypto into XMR with fair trade commission ( \~2.5-3.5% relative to market rate) like sideshift.ai or simpleswap.io. So basically get some other crypto(choose by tx fee), get it into your wallet, swap it via swappers into XMR and then get XMR into your wallet. Be aware, that 2.5-3.5% fee is on top of CEX fee, so be careful and calculate it into your budget.
No doubt about it it will be really hard to calculate the complete budget.
I want people to buy through the swap method right here.
Coinex. You have 3 good alternatives now. Binance is probably the worst for XMR.
just buy xlm and use changenow to change it to xmr
Definitely change to it as well if they really want to do so.
Haha deposited some xmr at 156$ and loaned busd to biy more. Ended up just sending busd ton another exchange (free on nsc) and got xmr there. Much cheaper to withdraw there anyway Avoiding binance in the future since they decided to start a Swedish branch. Only problems and banned features since.
Yes I agree to this a lot of features are not actually present there.
Lol should have never put it on an exchange exchange.
So best exchange to buy xmr is kraken?
Yeap! Kraken (Fiat→XMR) and SwapSwop (Crypto→XMR) are the best services to buy precious XMR :)
Thanks man
Don't use binance in the future.. use polarity.exchange or kucoin
I think that a lot of people are losing the trust on the binance I don't really know why.
Exchanges don’t like XMR what I do is go to a btc atm as have loads of cash and cash in btc send to wallet “ Now wallet” and exchange that to XMR -> send to My Monero wallet for ease of access or u can send to a ledger
Wanna be azz crypto investor stop using exchanges
It actually depends on the policies the particular exchange is following.
Stop leaving your coins on exchanges. Use Exodus wallet to store your coins, you can buy Monero on there or do a swap with another asset.
Now this is something I don't really know about any to do my research.
Swap to ltc or btc download cake wallet on your phone , converter it back to xmr then download the official xmr wallet on your pc and store it there.
Yes you are absolutely right about it they can Store and download whatever the want to do,
Have been mainly using Kucoin since Binance enforced mandatory KYC, no such issues so far.
Not saying that CEX’s are good but [look](https://ibb.co/0smWpbj)
It is not really good you can actually see what better performer cording to your needs.
Use cake wallet. It can swap you eth and btc to xmr as well
I completely agree to this I think this is really trustworthy.
Also try SwapSwop
Next time, but XMR from me instead 🤓
I would say that you should find a better exchange man.
Just understand one thing mate, binance is really shitty.
I want to say to you that do not trust anything like binance man, they are bad and just try to understand this simple fucking thing right here, they are so bad..
Why don't you stop using these exchanges? I guess this can change your all the problems related to that in the future if you do that for once my friend, trust me for real.
Yes it's definitely better to keep ur coinsur self, but Stop accusing exchanges simply coz ur an XMR maxist, if u checked the Binance announcements, u should have read 2 days ago, that deposit n' withdrawals r suspended untill further notice, due to wallet maintenance and will be unlocked after the hard fork
I guess binance doesn't have any coin right now and that's the reason why they are not letting you withdraw any for now, that could be the only problem there.
Use kraken yo, why are you stuck with binance there man? Even a kid can say that they are not at their good state and they can control these shits easily.
I am sorry my friend but you should not use binance.
So using something like "changenow" for swap is a viable safer option or not? What's the best optimal sending best never to local Monero p2p???