and been wondering whether some big exchange will be mad at me for using smaller, XMR-listing exchanges to sell XMR and buy ETH instead of directly buying it from them by bank transfer or using a small exchange which doesn't list XMR.

top 5 comments

sorted by: hot top controversial new old

[–] owe_addams@monero.town 1 points 3 days ago

Should work well, actually. Though, swap exchanges are much useful

[–] key_brolin@monero.town 2 points 4 days ago

I was making such an operation. I usually bought USDt, by selling XMR on Trocador, changelly, Exolix, etc and this USDt was sent to Binance. I haven't faced any problem with it

[–] jay_edwards@monero.town 2 points 4 days ago

Generally, if you sell your XMR on Trocador or Exolix, or similar and get ETH which will be sent to CEX, you should not have any problems. There is a swap mechanic, so you, in fact, get clear ETH with no connection of XMR

[–] xmr_unlimited@monero.town 3 points 5 days ago

Selling xmr is fine. Selling of other crypto depends what the buyer does with the traceable coin you sold them if you get in trouble for it.

[–] Wave@monero.town 1 points 5 days ago

Will my KYC exchange account get restricted if I sell my crypto on XMR-listing, non-kyc exchange like Trocador for let's say ETH and send it to my KYC exchange account?

No, you can of course read the terms and conditions, but the simple answer is that the KYC exchange cannot see this at all. The best thing to do is to first send the amount for the sale from your normal wallet to a newly created wallet and from there to the instant exchange after a certain amount of time. So take an intermediate step, an additional new wallet.