this post was submitted on 30 May 2025
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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I noticed you need to provide kyc information to use retoswap. Any issues with that, seeing as it's unlicensed in some US states (mine)? Makes me feel a little wary.
Also, do you Fiat? It looks complex, sending cash or meeting strangers. Is zelle or cashapp viable alternatives?
The 'KYC' informations you need to provide are just necessary informations for the trade (like an address for cash by mail or your bank account for SEPA). Also those informations are stored locally and only revealed to your trading peer when needed. So no complaints there from me.
And unlicensed? What license do you expect? We're free humans that just exchange wealth in a voluntary trade. No license needed.
The process is not really complex, but you need to do it once to really grasp the concept. But it's pretty much self explanatory. Depending on your region Zelle/CashApp can be used, yes.