Nostr Web Client

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GUI⚡

I just meant as far as best practices go.

I would know how to do it for sure. I'm not just very confortable yet because idk what to choose from.

Should I buy stables on exchanges to use for that? Or monero? Or is there an even better way? 🤷

Yeah maybe I'm overthinking it but I'm not going forward with it and that's mainly because of that.

Saberhagen The Nameless 2y ago

Another way is through Bisq. A little less user friendly, but it's easy once you do it a couple times. More liquidity and payment options too. With current tx fees it might be expensive-ish though.

You could also buy Monero p2p from LocalMonero and swap it for Bitcoin using trocador.app (exchange aggregator) or choose an exchange off of kycnot.me

Remember for all these methods the cheapest way to buy is by making your own offer and waiting. Usually on the scale of hours to days depending how competitive your prices are.

It's easier than you might think. Let us know if you have questions.

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Discussion

2Pac 2y ago

I’ve never used Bisq myself but yea heard good things

GUI⚡ 2y ago

Yeah I looked at it once. Seems good too!

Thanks for the monero swapping idea. I might just look into that, could be a great way to get non KYC sats actually!

I'll look into it, in particular fees and whatnot. But I like it!

Thanks man!

2Pac 2y ago

If your just looking to swap in and out you can use Houdiniswap

Saberhagen The Nameless 2y ago

Careful with Houdini Swap. Maybe they're legit, but you have to trust them since they know both sides of the swap.

Monero Talk podcast did an interview with them about a year ago explaining how it works and other details if you guys are curious:

https://www.youtube.com/watch?v=7-8dOdFybOs&t=3182s

If you want to turn up the paranoia dial better to do Swap#1 on 'Exchange A' and do Swap#2 on 'Exchange B'

1. Let some time pass before you do Swap#2. Maybe a day or two. The more time the better. (resists timing analysis)

2. Don't swap it all back in one shot, break it up into a couple chunks (resists amount analysis)

3. Get behind Tor or at least a good VPN. Change Tor identity or VPN server for each swap.

Saberhagen The Nameless 2y ago

interview with Houdini Swap starts around 53:00

Saberhagen The Nameless 2y ago

Transaction fees on Monero are on average less than a cent

Depending on payment method you can usually source XMR on LocalMonero for around 0%-3% above market by making an offer and waiting + LocalMonero takes 1% from makers

Pretty dang cheap for non-KYC!

GUI⚡ 2y ago

I wanted to zap you but couldn't. It's a shame 😓

Saberhagen The Nameless 2y ago

Don't worry about it man, appreciate it though!