Buying Monero in the U.S. | Users Call for Better Access Amid Delistings
A growing number of people in the U.S. face challenges finding Monero (XMR), as centralized exchanges continue to delist the cryptocurrency. This reality is pushing individuals to explore alternatives using Bitcoin (BTC), Tether (USDT), and USD Coin (USDC).
Current Concerns Over Monero Access
Many residents looking to purchase Monero feel frustrated. As a comment suggests, the inability to find XMR on major platforms like Coinbase and Kraken reflects misguided crypto regulations, leading traders to non-KYC exchanges.
Recommended Platforms for Users
Community-suggested swapping platforms have surfaced, including:
TradeOgre: This non-KYC exchange is mentioned as a reliable spot to convert BTC or ETH into XMR.
LocalMonero Alternatives: Some users have shifted to platforms like Haveno or Bisq for peer-to-peer transactions, avoiding KYC protocols but at the cost of longer wait times.
Fujn Swap: Lauded for its reliability—"Always do your own research to avoid scams," commented a user.
Several comments noted that Cake Wallet is user-friendly for swapping BTC or Litecoin (LTC) to XMR. "Cake Wallet is probably your easiest bet," remarked a participant.
Sentiments on Regulatory Issues
The mood is notably mixed. Users express dissatisfaction over the perceived irony that privacy-focused Monero is pressured while transparent "privacy coins" remain untouched.
One user criticized the current state, saying, "This regulation makes crypto LESS safe for regular people," highlighting the potential creation of an underground market.
Key Points to Consider
△ Monero’s delisting from major exchanges intensifies demand for alternative purchasing options.
▽ Platforms like TradeOgre and Cake Wallet provide easier access without KYC protocols.
※ "Keeping XMR on exchanges carries risks; better to move it to your wallet quickly," warned a community member.
⚠️ Users must remain vigilant against regulatory pressures that may worsen market conditions.
As the situation unfolds, the necessity for reliable access to Monero is clear. The ongoing dialogue sheds light on the urgency for more robust decentralized solutions, driven by users' need for privacy in transactions, highlighting a radical shift in how cryptocurrencies may be acquired. Are current regulations truly protecting people, or are they complicating access to privacy?