Brokerages Marketplaces and Exchanges - Updates For mid 2024?

[KurtV989]

I've been going through the Crypto section looking for info on good exchanges and Marketplaces with low KYC

My most recent BTC transaction has a hold on it. AGAIN.. I've tried Kraken, CoinBase and until now was having luck with PayPal. I could purchase and immediately send to my Brave wallet. CoinBase and Kraken had me waiting a full 7 days before I could touch it, PayPal at least is shorter at 72hrs but still, ridiculous.

I haven't seen anyone mention Holds? Who else is dealing with this and how are you dealing with it?

A lot of the info here is starting to get stale what with all the recent crack-downs on low KYC in Markets and not really sure what's happening with Monero since MyMonero is shutting down.

What are y'all's methods ~today~?

I'm not adverse to purchasing Monero after checking its recent rates and knowing its higher security. A lot more of you in the Market are accepting it than before I joined up with BB too. MyMonero alternative? Is it still a reliable coin? Do we see it living through '25?

I'll take any other tips or tricks you've been utilizing this year!

 

[miner21]

I sometimes coinbase to buy regular crypto. I vaguely remember there being a hold on a bank transfer I think? I believe I added a debit card and that changed it, but I dont have holds at all anymore with bank or debit card purchases. Cash app and uphold I have used as well.

XMR is great. I like to buy a coin with cheap transaction fees, then send it to Cake wallet and exchange it there

 

[KurtV989]

Thanks for your input sir I've seen a few mention Cake wallet now so I will check it out

 

[miner21]

Best of luck my man

 

[MiloMikelusky]

Do some research on Ahmia. There is a site to exchange BTC for USDT or USDT for BTC. This is my best way to get BTC without KYC.
I buy USDT with KYC normally and I trade it on this site which makes the BTC that I get intracable. You can use a wallet like Electrum to store BTC.

 

[KurtV989]

Another solid suggestion, thanks @MiloMikelusky !

 

[prophet]

I have used Exodus to make purchases then swapped to monero then sent that to cake wallet. Fees add up but depending on the crypto you buy at first it isnt too bad. BC is usually more than like litecoin. It is a pain in the ass but I have never had a hold, a problem or issue except for the very first time for the verification bs. But Cake wallet is pretty nice cause you dont need any signup BS and you can make a new wallet for every transaction etc. I tried Kraken once. They can suck my ass!

 

[KurtV989]

That's a sound system you've got set up there Friend, just waiting for the hold to finish (about 3 days) and my BTC value is already down 6 bucks.. Way too volatile, it still feels like 2016 crypto-ing lol. I really hope Monero is able to stay relevant long term because it is so much less 'up or down' than BTC consistently. Consistency is really important to most of us I'd wager.

Kraken is such trash!! The GLITZLYest, slickest site and app, services themselves though are a complete dumpster-fire... A few months ago I got hit with a $60 FEE for transferring, the UI was so fucking hard to read I couldn't even tell until after it happened... TRAAAASH

 

[prophet]

Yea, the BC really goes up and down so much and it is less secure considering the public blockchain where anyone can go on and if they take enough time and effort could link a person to illegal activities if they wanted to. Of course that is really only a concern if LE or perhaps the IRS takes an interest and honestly I think I am more concerned with the IRS considering all the regualtory BS they are trying to do with crypto now. As far as I know XMR is our best option outside of cash, and hopefully it gets better. As far as Exodus goes, they do tend to have high fees when you want to sell but I try not to sell any if I dont have too, I just reinvest in something and sell local for cash to clean it up but when you need it fast sometimes there isnt much of a choice.

 

[MiloMikelusky]

XMR may be there best option but not everyone accepts it. I talked about a method a little earlier on this post. Basically, it comes out of the BTC from the Bitcoin blockchain. I don't know how but after using this method, my transactions no longer appear on the blockchain even if we use the hash your transaction to trace.

 

[darkpsychotherapy]

A few you can investigate for yourself, but Spike will let you transfer immediately after purchase depending on the funding source. Bank transfer will tie up funds for 7 days. Debit card will let you send them out immediately.

Then there is the return of localmonero as openmonero.co if you don't mind paying a little extra for the whole NO KYC deal.

Crap, I got distracted and lost train of thought and don't have time to go back over this forum to continue with a meaningful response, but hopefully where I started can be beneficial. If not, sorry... scatter brain and ADHD strike again.