@[email protected] to [email protected]English • 11 months agoWhy LocalMonero so expensive?message-square16fedilinkarrow-up121arrow-down11file-text
arrow-up120arrow-down1message-squareWhy LocalMonero so expensive?@[email protected] to [email protected]English • 11 months agomessage-square16fedilinkfile-text
minus-square@[email protected]linkfedilinkEnglish9•edit-211 months ago2 reasons More risk to the seller Centralized exchanges suppress prices on purpose to make people uninterested in monero because its price is quite stable. I consider the localmonero price the real market price and the exchange price is the KYC discount.
minus-square@[email protected]linkfedilinkEnglish3•11 months agoI like to think of it as the KYC discount.
minus-squarenewIdentitylinkEnglish1•11 months agoI think the price is quite stable BECAUSE the exchanges keep it on the same price.
minus-squareRefurbished RefurbisherlinkfedilinkEnglish4•11 months agoIt’s stable because it’s the only crypto that people actually use as currency.
2 reasons
I consider the localmonero price the real market price and the exchange price is the KYC discount.
I like to think of it as the KYC discount.
I think the price is quite stable BECAUSE the exchanges keep it on the same price.
It’s stable because it’s the only crypto that people actually use as currency.
Okay, now have better picture