Gargari@lemmy.ml to Monero@monero.townEnglish · 1 year agoWhy LocalMonero so expensive?message-squaremessage-square12fedilinkarrow-up119arrow-down10file-text
arrow-up119arrow-down1message-squareWhy LocalMonero so expensive?Gargari@lemmy.ml to Monero@monero.townEnglish · 1 year agomessage-square12fedilinkfile-text
minus-squareshortwavesurfer@monero.townlinkfedilinkEnglisharrow-up9arrow-down1·edit-21 year 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-squarejet@hackertalks.comlinkfedilinkEnglisharrow-up3·1 year agoI like to think of it as the KYC discount.
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.
Okay, now have better picture