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Reddit Posts

r/CryptoCurrencySee Post

First documented case of Monero (XMR) being traced using metadata

r/CryptoCurrencySee Post

【CoinEx】CoinEx Has Required Mandatory ID Verification for Deposits and Withdrawals of Privacy Coins

r/CryptoCurrencySee Post

Why is this taking so long

r/CryptoCurrencySee Post

Samourai: BTC's most renown privacy wallet completes integration of XMR<>BTC atomic swaps

r/CryptoCurrencySee Post

Monero vanished from Binance?

r/CryptoMoonShotsSee Post

OZK project is 1 month old but it is already one of the best #BRC20 coins, huge potential in 2024

r/CryptoCurrencySee Post

Your contribution is needed to fund the advancement of the recently developed BCH<>XMR atomic swap implementation

r/CryptoCurrencySee Post

Even they admit that Bitcoin swayed from Satoshi's vision. Guess who is still on the path?

r/CryptoCurrencySee Post

Thanks to CEX delisting, we have now at least 3 atomic swap implementations for Monero.

r/CryptoCurrencySee Post

Easy buys, what are yours?

r/CryptoCurrencySee Post

Samourai teases the release of non-custodial BTC-XMR swaps coming soon™️ maybe just in the nick of time with the recent privacy coin delisting announcements from OKX and presumably other exchanges also soon™️

r/CryptoCurrencySee Post

Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading

r/CryptoCurrencySee Post

Why don’t my wallets synchronise? Coinomi

r/CryptoCurrencySee Post

Outside of LocalMonero, what exchanges exist to trade XMR?

r/CryptoCurrencySee Post

It sucks that paid FUD is going to turn a lot of people away from ETH before danksharding

r/CryptoCurrencySee Post

How do CBDCS compare to crypto and legacy payment methods?

r/CryptoCurrencySee Post

How do Binance, HTX, Poloniex and OKX plan to cover their naked XMR shorts?

r/CryptoCurrencySee Post

Freewallet - account problems?!?

r/CryptoMarketsSee Post

Why does XMR stays or goes down when others such as BTC and ETH go up?

r/CryptoCurrencySee Post

Ukraine seizes $1.5m in crypto from former official

r/CryptoCurrencySee Post

Why will BTC be valuable or why should be people invest in BTC?

r/CryptoCurrencySee Post

On Kraken. Do I need to provide ID in order to send BTC, trade to XMR and withdraw?

r/CryptoCurrencySee Post

Zelcore wallet?

r/CryptoCurrencySee Post

Having a very difficult time understanding Zelcore and XMR keys

r/CryptoCurrencySee Post

When To Convert Xmr into BTC

r/CryptoCurrencySee Post

Why market caps are not to be trusted

r/CryptoCurrencySee Post

Justin Sun's Poloniex is in trouble. All withdrawals are closed for 5 days - counting.

r/CryptoCurrencySee Post

What are the best "Earning" (finance) options on Binance?

r/CryptoCurrencySee Post

Advice on BOTS and parameters for BTC and ETH.

r/CryptoCurrencySee Post

Monero CSS wallet drained. Only two users had access. 2,675 XMR drained

r/CryptoCurrencySee Post

Questions regarding Ballet Cold Storage Wallet Cards, Next Bullrun, and BTC transaction speeds

r/CryptoCurrencySee Post

I don't know of a title, I'm just looking for advice.

r/CryptoCurrencySee Post

crypto depression

r/CryptoCurrencySee Post

Monero XMR Algo Change

r/CryptoCurrencySee Post

XMR and BCH are the only cryptocurrencies that are actually useful. Change my mind.

r/CryptoCurrencySee Post

[Post Mortem] - The 84K MOON Hack

r/CryptoCurrencySee Post

Justin Sun is selling off ETH on Binance to prop up BNB.

r/CryptoCurrencySee Post

ISIS asks for donations through cryptocurrency Monero(XMR)

r/CryptoCurrencySee Post

How many red flags do we need?

r/CryptoCurrencySee Post

Tokens vs Business Logic

r/CryptoCurrencySee Post

What are some negatives about Monero?

r/CryptoCurrencySee Post

Why do you use DEX ?

r/CryptoCurrencySee Post

The IRS Bounty on Monero

r/CryptoCurrencySee Post

The Most ASIC-Resistant Coin Nobody Has Ever Told You About

r/CryptoCurrencySee Post

Bitfinex now requires SoF on XMR deposits

r/CryptoCurrencySee Post

Adaption is coming. Just not like we imagined

r/CryptoCurrencySee Post

Future use cases of crypto.

r/CryptoCurrencySee Post

Would you still be around if wasn't for 'numbers go up' expectations? Why are you here?

r/CryptoCurrencySee Post

Has your CEX delisted your favorite privacy coin? Fear nothing, anon! A quick guide (4 steps) to get CEX-Delisted Privacy Coins efficiently

r/CryptoCurrencySee Post

25 rules that can save you in crypto, whether you are a beginner or a pro!

r/CryptoCurrencySee Post

10 rules you need to be aware of in crypto that can save the beginners and pros in this space!

r/CryptoCurrencySee Post

After the headlines: how are LunarCrush’s plans to send $1.5 million worth of BTC to the moon via private keys etched on a rover going?

r/CryptoCurrencySee Post

4 lessons to keep in mind in crypto! You follow the rules, you will be safe in this space!

r/CryptoCurrencySee Post

4 things whales will murder you if you know!

r/CryptoCurrencySee Post

Bitmain's Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community – Mining Bitcoin News

r/CryptoCurrencySee Post

Bitmain's Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community – Mining Bitcoin News

r/CryptoCurrencySee Post

The state of centralization of BTC/XMR hashrate

r/CryptoCurrencySee Post

Pool Centralization of BTC/XMR

r/CryptoCurrencySee Post

Badges to show crypto balance in github etc?

r/CryptoCurrencySee Post

Can you guys do a research on this DEX, im curious if it is legit

r/CryptoCurrencySee Post

Monero Might Be One Of The Most Logical Investments In Cryptocurrency

r/CryptoCurrencySee Post

🎉 Celebrating LocalMonero/AgoraDesk's 6th Anniversary! A few things we've done over the past year...🎉

r/CryptoCurrencySee Post

Question on privacy and obfuscating my coins

r/CryptoCurrencySee Post

Question on privacy and obfuscating my coins

r/CryptoCurrencySee Post

Decentralisation is the ONLY point of crypto and should be a priority in any investment

r/CryptoCurrencySee Post

Privacy coins (Zero Knowledge Proofs)

r/CryptoCurrencySee Post

Losing hope with Monero

r/CryptoCurrencySee Post

Revolutionizing Bitcoin Privacy: Samourai Wallet Unveils BTC to XMR Atomic Swaps – Privacy Bitcoin News

r/CryptoCurrencySee Post

Why Monero (XMR)? (Video for n00bs)

r/CryptoCurrencySee Post

Why Monero (XMR) ? (Great Video for n00bs)

r/CryptoCurrencySee Post

Monero (XMR) vs. Zcash (ZEC): Which Crypto Offers the Best Privacy?

r/CryptoCurrencySee Post

Monero is inevitable

r/CryptoCurrencySee Post

Monero (XMR) vs Zcash (ZEC): What’s your true take on the better privacy coin?

r/CryptoCurrencySee Post

Be careful with Changelly, a company that holding my 16000USDT as hostage

r/CryptoCurrencySee Post

Changelly's Unresolved KYC and Refund Issue

r/CryptoCurrencySee Post

Do YOU Value Your Privacy? I'd Like to Hear This Sub's Thoughts on the Topic

r/CryptoCurrencySee Post

Changelly's Unresolved KYC and Refund Issue

r/CryptoCurrencySee Post

What's Next for Neutral Rated Monero (XMR)?

r/CryptoCurrencySee Post

Monero Jackpot Rush: Embarking on a Journey into XMR Games

r/CryptoCurrencySee Post

Debunking myths about Monero

r/CryptoCurrencySee Post

Buying prepaid cards using crypto

r/CryptoCurrencySee Post

Looking for a KYC-Free Payment Processor for Visa/MasterCard to Crypto (BTC/XMR) Transactions

r/CryptoCurrencySee Post

My thoughts on Arkham Intel

r/CryptoCurrencySee Post

Tax question for purchases using crypto

r/CryptoCurrencySee Post

BCH strongs move means we will see more upside in the short term

r/CryptoCurrencySee Post

The Monero Chronicles: 18 fiction short stories featuring the cryptocurrency as a free e-book

r/CryptoCurrencySee Post

What are the best crypto or blockchain books you have read? Best writing or resources?

r/CryptoCurrencySee Post

So with Kucoin , the last REAL Crypto Exchange, folding under pressure. Banning No KYC , and also not allowing US Customers. Liquidity is about to vanish on many alt coins.

r/CryptoCurrencySee Post

Privacy coins arent going to make it in terms of adoption

r/CryptoCurrencySee Post

Monero (XMR) Price Jumps 35% and Makes a Strong Comeback to the Top 25

r/CryptoCurrencySee Post

PSA: Get out of Binance/BNB while you still can

r/CryptoCurrencySee Post

Seth for Privacy about Ledger Recover: “It's as bad as we thought”

r/CryptoCurrencySee Post

Surprising list: The top 5 coins by marketcapitalization without VC tokens.

r/CryptoCurrencySee Post

Did I purchase/transfer Monero correctly & efficiently?

r/CryptoCurrencySee Post

You wake up and suddenly have $250,000 in your bank account. Here’s the catch — You have to spend it all on crypto. What does your portfolio look like now?

r/CryptoCurrencySee Post

PSA: BCH pumping means DCG lost control; XMR pumping means Binance lost control

r/CryptoCurrencySee Post

Bye bye Byenance insolvency indicator is way up in the last days.

r/CryptoCurrencySee Post

To keep diversified or not?

r/CryptoCurrencySee Post

European Union Banning Privacy Coins Use? Should an European Sell All Their XMR?

Mentions

Why are they delisting XMR?? 👀

Mentions:#XMR

I am only in XMR at this point. Feel free to change my mind.

Mentions:#XMR

#Anybody interested in cheap transactions use XMR (private) or LTC or BCH.

Mentions:#XMR#LTC#BCH

It's a shame even though XMR is good

Mentions:#XMR

Yes.. money is a tool.. I think you misunderstood the discussion The issue at hand is the volatile Nature of crypto especially when it gets delisted like XMR, which ultimately leads to decrease of value and a loss for those who bought it at a high price from the exchange. I would be pissed if suddenly my precious XMR lost so much value in comparison to whatever I wanted to do with it, making it basically worthless.. unless you buy more to fill the gap but a loss is a loss..

Mentions:#XMR

XMR will stay, but it's not an inventment anymore

Mentions:#XMR

Sounds nice and very naive, at the end XMR and the value of what you want to trade it for must be adjusted to a common stable value, otherwise you may pay way too much or less for something compared to it's regular fiat value.. but that's a general issue due to the volatility of crypto

Mentions:#XMR

No it's not. Absolutely incorrect! Monero has been constantly delisted from many exchanges over the last 5+ years. During this whole time all of the fundamental on chain metrics like daily transaction count and hash rates have continued to grow! This is a fact! Do your research on this. Monero does not need access to fiat on/off ramps. There's plenty of ways anybody in any country can buy XMR. If they can already buy other crypto like BTC ETH LTC for example, they can then go to any of these non kyc exchanges here https://kycnot.me/ and buy XMR with other crypto. Buying on non kyc exchanges is easy and fast! Or there's decentralised Atomic swaps as well. There's absolutely no need to buy XMR directly with fait. Or to sell to fiat. Selling back to fiat completely defeats the privacy of being in Monero. Monero is designed to be used (spend). It's digital fungible money. If you are buying Monero to speculate on its price, then you are a minority of the users on the network. People who say that Monero will die without fiat on/off ramps have zero understanding of what Monero is, and even less understanding about the on chain fundamentals!

I mean they were just suppressing the price of XMR by fake inflated reserves.

Mentions:#XMR

#Monero Con-Arguments Below is a Monero con-argument written by FrogsDoBeCool. > cointest copied from Frogs do be cool (me) [https://www.reddit.com/r/CryptoCurrency/comments/og17m0/comment/h6m77hd/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/og17m0/comment/h6m77hd/?utm_source=share&utm_medium=web2x&context=3) > > disclaimer: I own no monero > > # Monero, some cons > > * XMR won't be adopted globally. > * Monero due to its regulation and straight-up banning on most exchanges, won't be adopted. It's pretty obvious why, but to spell it out more, people who can't buy monero, can't use it. Why not buy it on defi? it looks like defi exchanges may be able to be regulated too! meaning monero can't be exchanged for other currencies. > * The price doesn't do much > * That's because of the supply, as of now, there will be a constant amount of xmr made now than ever. That's fine as a currency, but now the price won't be doing 10x's or 5x's like bitcoin. That's great as a privacy feature and removes issues of 51% attacks, but at an expense of the price ever going up and staying up. adding to my point above, monero has no worth if it cannot be exchanged with other currencies, the price could be infinite, or $0, doesn't matter when nothing will be exchanged for it. > * its reputation > * XMR is known by people who don't own crypto as "the shady tax evader coin" or "criminal coin" and other things to do with crime. There's no doubt that in the crypto sphere the simplest fud can kill a project, remember Elon musk removing bitcoin from their payment systems? China, again, for the 45000th time... > * Its most popular wallet has some issues, mymonero > * a reddit user was quoted "I am constantly met with errors, crashes, and a frozen program" "My wallet froze and I couldn't even delete wallets or restore. I tried reinstalling and every time the problem would not resolve itself. I had to finally restore my seed on a different wallet." the response was not exactly the most in-depth or helpful. "We are aware of an issue when the computer goes to sleep or power saving mode and will be addressed in future patch." [src](https://www.reddit.com/r/monerosupport/comments/i22fd9/why_is_my_monero_wallet_so_bad_i_find_there_is/) > * the cons of monero are pretty intense, as regulation comes to push it down, other things like wallets that support monero, its reputation, and the tokenomics suffer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

Mentions:#XMR

#Monero Pro-Arguments Below is a Monero pro-argument written by roberthonker. > **Taken from /u\/awhodothey's submission from last round** > > Assume no consumers ever care about privacy. Assume everyone is totally fine with all of their finances and purchase records being 100% visible on the blockchain to anyone who EVER pays or receives crypto from them once. Or assume crypto never catches on enough for casual consumers to realize they don't want every company to know every detail of their life... Monero will still succeed. Monero's real world market adoption will still continue to grow. > > Assume Monero was banned by every country in the world. Monero is the only coin who's market cap would be projected to increase even if it was completely banned, because Monero is the preferred coin of the black market, and black market activities are, by definition, already banned by law. > > The market cap of the black market is the market cap of every commercial activity that governments physically cannot stop. Monero's usage, market cap and price are increasing as the black market very slowly adopts Monero- despite the fact that most exchanges have already delisted XMR. Monero is the only multi-billion dollar coin that is known to have no chance at being listed on some of the biggest exchanges. So why is it worth so much still? Because unlike every other crypto, Monero is actually used as an exchange currency in the real world. > > The global black market is currently estimated to be over $10 trillion/year- larger than the economy of every country in Europe. If the global black market were a country it would be the second or third largest economy in the world. > > https://www.forbes.com/sites/benzingainsights/2011/11/07/rise-of-the-shadow-economy-second-largest-economy-in-the-world/?sh=4198b6cf4a0e > > The anonymity of Monero is comparable to the anonymity of cash, but Monero is much cheaper and faster than cash transfers. Further, because Monero does not need to be physically transfered or stored, it is much safer and greatly reduces the risk of violence and theft to black market participants. > > But what if every single centralized exchange removed Monero? It's too late. All the necessary pieces are already on the board. Atomic swaps with bitcoin are live, and wallets are rushing to integrate decentralized, trustless BTC to XMR exchange. Secret Network already has a tokenized version of Monero (sXMR) on the testnet of Secret Swap (a private, decentralized exchange that anyone can use without KYC). Every major crypto will be convertible to Monero. And options like "localMonero" already exist for anyone who wants to convert cash or refillable debit cards directly to Monero. > > Monero is the leading privacy coin, and the only trustless privacy coin with a network effect and proven track record of real world use. It is privacy by default, and users have no risk of forgetting to enable privacy. The Monero network is highly decentralized and open source and does not require users to trust its creators. The community is active and passionately unified around the core objectives of creating a real decentralized currency that is private. The IRS's bounty for anyone who can crack Monero is a testament to years of proven success. > > Monero is *the* crypto currency of the black market. Monero has no competition in that market, and it leaves no room for another coin to prove itself. Worst case scenario, Monero is outlawed and rejected by all law abiding citizens of the world. Monero would eventually replace blackmarket currencies and make some black market practices, like money laundering and off shore banking, entirely unnecessary. > > There is no need for slow, extremely expensive off shore banking practices that carry privacy risks (like the Panama papers that leaked account holder's names) and security risks (like the government reforms that have lead to account confiscations). Monero is cheaper, faster, easier, safer, and more private. It makes off shore banking completely obsolete. > > The market cap of gold is about $11 trillion. Low end estimate of the offshore banking market cap is $20 trillion. At $222, the current market cap of Monero is about $4 billion. When Monero's market cap reaches 1% of the low estimate of the illegal global offshore banking market, that will make each Monero worth more than $11,000. > > https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/?sh=191f47fa6ba6 > > Monero will inevitably become a major currency of the future. Probably nothing can stop that, so you may as well think about your privacy and choose to use it to protect your perfectly legal transactions too. Fortunately, Monero is designed to be a currency, not a store of value with a fixed supply that discourages spending. > > Black market adoption will put buy pressure on XMR, and that demand will slowly drive the price up. Monero may not be the fastest growing investment opportunity, but that's what makes it a better currency. I can't name an investment that would be lower risk, or name a better crypto currency. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

Mentions:#EVER#XMR#BTC

Binance suspended XMR withdrawals? This is highly irregular. /s

Mentions:#XMR

This is why I love history. Prohibition created the mob and nascar. The war on drugs… Created the cartels, black market and dark web. Making it harder to get XMR, the only crypto currency that is currently being used as a currency…. I’m sure this will go well.

Mentions:#XMR

About 90% between BTC/ETH, and the remaining 10% between XMR/LTC

The powers that be really are trying to kill XMR, aren't they

Mentions:#XMR

tldr; Binance suspended Monero (XMR) withdrawals on February 19, the day before officially delisting the cryptocurrency on February 20, as previously announced. This move raised concerns among users and privacy advocates, especially since the suspension notice cited a 'low hot wallet balance' as the reason. Despite the suspension, Binance has stated that customers will have until May 20, 2024, to withdraw any remaining Monero. The delisting and withdrawal suspension led to a significant sell-off, with Monero hitting an all-time low against Bitcoin on Kraken. The future of Monero faces uncertainty as other platforms may follow Binance's lead in delisting the privacy-focused coin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#XMR#DYOR

It will be interesting how this plays out, if I was in the EU I'd be getting some XMR just in case. I'm in the US and whenever I add to my bags a little goes to XMR & then a non KYC hardware wallet

Mentions:#XMR

Coinbase outputs in Monero are not masked or encrypted, so it's easy to see exactly how much XMR has been issued. Inflation bugs are prevented by proving the zero-sum of every transaction without revealing the origins, destinations, or amounts. A more detailed explanation is [here](https://np.reddit.com/r/Monero/comments/bmgo3h/comment/emxvdf8/). Here's an [inflation checker](https://www.moneroinflation.com/).

Mentions:#XMR

Coinbase outputs in Monero are not masked or encrypted, so it's easy to see exactly how much XMR has been issued. Inflation bugs are prevented by proving the zero-sum of every transaction. The sum of coins that come out must equal the sum that goes in, without revealing where the coins are coming from or going. A more detailed explanation is [here](https://www.reddit.com/r/Monero/comments/bmgo3h/comment/emxvdf8/). Here's an [inflation checker](https://www.moneroinflation.com/).

Mentions:#XMR

and just think what would happen to your precious XMR if that happened.

Mentions:#XMR

Why not all of the above? I mean, the pattern of escalating usage is there, per the network effect, but mostly by trading bots. And the pattern of strong usage in the recent past supports the expectation of continued use in the near future, per the Lindy effect, but only as long as nothing catastrophic happens, like a rug pull. Neither of these patterns exclude the possiblity that the market is being irrational. The mortgage bond market exhibited all the same behavior patterns back in 05 and look what happened in 08. If your goal is to prioritize security, XMR is what you stack, not Bitcoin.

Mentions:#XMR

XMR to me is like 2016 BTC. It got up to $1000 and everyone thought that was the ceiling, that there was no more room for it to go much higher. XMR has been at ~$150 for what.. 5 years straight now? But I think there are going to be some privacy black swan events from the government or even the IRS that are going to make people really want to switch to XMR, and then it could be worth it.

Mentions:#XMR#BTC

I agree with BCH being closer to the ideal bitcoin, but I started drifting towards ETH and XMR before it became a thing. I wish the fork had happened earlier.

Mentions:#BCH#ETH#XMR

You can use for instance XMR or LTC to swap for other coin ang changenow or use non kyc CEX like MEXC later. Not the most convenient I agree

Mentions:#XMR#LTC#CEX

Real blockchains like BTC, LTC, BCH or XMR are never down.

Monero (XMR). Closest to digital cash we'll get getmonero.org

Mentions:#XMR

what's wrong with XMR?

Mentions:#XMR

I bought a new pool liner, installed, with XMR from a savvy installer. Initially talked about a cash deal. Crypto came up and the deal was done.

Mentions:#XMR

Probably mostly the XMR and boat. Good thing the boat was insured…

Mentions:#XMR

Monero (XMR) see https://web.getmonero.org

Mentions:#XMR

And those people would perform equal quality of work, for equal quantity of XMR, now as when it was worth $275? Some haven't changed since the drop from where it sat around $160-165 for q long time. As you've probably realized, some people aren't worried about weekly fluctuations. And others will probably re-price eventually, if the change gets any more significant. The fun/challenging part is trying to get more people to participate in the system.

Mentions:#XMR

XMR is a Swiss bank account in your pocket. Not investing in it, is not smart.

Mentions:#XMR

And those people would perform equal quality of work, for equal quantity of XMR, now as when it was worth $275? Just because it's not functioning as an explicit conversion doesn't mean they regard the USD valuation as wholly irrelevant. That is cool though, and I'm critiquing it not because I want to see it fail, but because I want to see it succeed. I was hoping to sell fresh produce for XMR, as I consider primary production of what we actually need to survive to be the most vital starting point for an economy. But you can't legally sell homegrown fresh produce in California 🤡 so that idea is dead for now.

Mentions:#XMR

No, I'm not talking about drugs. I've never used XMR for drugs, nor have I ever purchased anything on DNM's. I'm talking about people, including myself and other people that I know IRL, who actually work for XMR. Paid as XMR, not paid as some sort of fiat-conversion amount. You know, there are people that actually do stuff like that. Like build a front porch for someone. Or replace an alternator. Or write software. Call it pretend if you want, but it's an economy. It doesn't need to be on the scale of a country's gross domestic product. I'm talking about real people, using XMR as a real currency. Maybe it will never go anywhere. Or maybe it's the first crack in the dam.

Mentions:#XMR#IRL

Okay so no source, calling bullshit then. If it's some secret club where hardcore Monero fanboys pretend they're making a real economy (which can't withstand any outside pressures, hence keeping it private), that doesn't really disprove my point in any meaningful way. If you're talking about buying drugs online (do you think the DEA will kick your door down just for acknowledging that people do that?), I'm very skeptical that any darkweb dealers price their goods by XMR with no regard for corresponding USD valuation.

Mentions:#XMR

"In the United Kingdom, Kraken operates locally as a Financial Conduct Authority (FCA) Registered Cryptoasset Firm (‘Payward Ltd.’, FRN 928768) under the Money Laundering Regulations." So that's why I wouldn't say that there's no law. If the FCA deems XMR to be non-compliant with regulations, they can say to Kraken, "You're going to have to stop that." To be clear, FCA regulations are not laws. However, the FCA operates under legal authority granted by legislation such as the Financial Services and Markets Act 2000 (FSMA) and subsequent amendments. This means that while FCA rules themselves are not laws, they have a legal basis and firms must comply with them as part of their legal obligations.

Mentions:#FRN#XMR

Strong armed yes but there's no law that requires them to delist monero. For example you could still buy XMR on binance before the global delisting.

Mentions:#XMR

Yes and no. Not all real-world cases are priced in USD. Or other fiat. There are a lot of services out there (and sometimes physical goods) which are priced in XMR, nothing else. Especially when you encourage that kind of economy.

Mentions:#XMR

> Monero's value is as an actual private currency, not as an investment vehicle. That's why it's used in the real world. I love Monero but this is a Bitcoin Maxi level of logic. All those real world uses are priced in USD (or other fiat) valuation. So long as that's true, "1 XMR = 1 XMR" is just a catchy fantasy. You aren't going to improve anything if you just insist that problems aren't real.

Mentions:#XMR

tldr; Binance completed the delisting of Monero (XMR), leading to protests from XMR holders and an unexpected price reaction. Initially, the announcement caused a 33% drop in XMR's price, but upon finalization of the delisting, Monero's price surprisingly increased by 11.1%, recovering from weekly lows. The delisting, part of Binance's move to remove four cryptocurrencies, is seen as an attempt to comply with tightening regulations on privacy tokens. Despite the delisting and a 24.7% drop in value over the last 30 days, Monero remains a top 50 cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#XMR#DYOR

Well, considering that XMR seems to be built with a rather antifragile architecture in mind and Binance being constantly like one bad move away from being jumped upon by regulatory agencies this looks like a solid prediction.

Mentions:#XMR

In a few years we won't be speaking about Binance, then long dead, but will still speak about XMR... When you're in the scene long enough you learn to see the irrelevance of exchanges, they just can cause temporary hiccups. Bitcoin went through so many, many are dead and gone, but Bitcoin stay, the same goes for XMR.

Mentions:#XMR

It has to do with saving CZ, for he's going to be jailed, possibly. By ''killing'' Monero, it makes Binance looking good to US authorities, as far as I understand. The thing is that Binance holds a big bag of XMR, they are such a big whale that they have a real power to manipulate Monero's price. They are trying to lower the interest in Monero people may have. To counter this, some people have mutually agreed not to sell their XMR below 1500 USD, after which they would trade as usual, without restrictions.

Mentions:#XMR

Oh, I misread your comment initially. Honestly I don't think they have packed their bags full of XMR. Why would they, after all: while it was still listed, price manipulation by fractional reserve made sense for them. But without the ability to control the market by unfair means, if they have any XMR left, they are just another market participant as everyone else.

Mentions:#XMR

Withdraw to your Monero address. If you do convert to another crypto in order to withdraw, Binance will steal whatever fraction of your XMR it really holds, at low price. Keeping the price artificially low. Sure, you can then go through the hassle to buy XMR elsewhere, at higher fees, where the price is still based on Binance's displayed price.

Mentions:#XMR

Binance delisted XMR.

Mentions:#XMR

Yea I get your point and certainly everyone has a different perception of whether that is a sufficient amount of time or not. The finance world revolves quickly, too quick for my liking and I would love for all Binance customers to have a longer grace period too. However my complaint is only about the timing and not about the fact that or the way they're phasing out XMR. As a matter of fact, these phase-outs happen in every industry, just on different time scales. The other day I was extremely unhappy that the manufacturer made the spare parts for my 12 year old motorcycle obsolete. Can't blame them though. And boy was I sad when my go to coffee shop discontinued my favorite latte drink - WITH NO GRACE PERIOD AT ALL! 😉

Mentions:#XMR

XMR should be above all of them

Mentions:#XMR

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Mentions:#XMR

Yeah but can you withdraw? If not, you'll be forced to convert your XMR to something else, Binance will keep whatever fraction of your XMR they really own, for themselves.

Mentions:#XMR

Do you mean they were following regulations? I can still purchase XMR on binance currently.

Mentions:#XMR

OP 25 days ago [Binance is married to Monero. They had the upper hand for around 4 years but since around 1 year, Monero stopped behaving in the intended way and is now forcing Binance hands. Binance on one hand needs to delist Monero as soon as possible, but on the other can not do it because liabilities would force it straight into publicly known insolvency. They were the first to start the fractional reserve scheme. And while those others could potentially use Binance liquidity (while Binance still tries to keep prices down) this is not an option for Binance as they have been the control center of the cartel. There is one recommendation: Stay as far away of any CEXs in the next couple of weeks as you can and stack your Monero self-custodialy.](https://www.reddit.com/r/CryptoCurrency/comments/1ac6mas/binance_withdrawals_problems_are_back_and_a/) XMR price 25 days ago vs today: -25% Meanwhile, Binance delisted XMR and is still solvent while OP runs around screaming get out of CEX's that trade XMR.

Mentions:#OP#XMR#CEX

I think XMR is blue chip

Mentions:#XMR

Considering how privacy is becoming an even bigger problem, XMR will only continue to grow. In the UK, people are being sent to prison for making offensive posts. This isn't made up scare mongering, it's actually happening in a 1st world country. The fight back against privacy invasion will happen and Monero will be at the forefront of that fight.

Mentions:#XMR

Then don’t buy XMR

Mentions:#XMR

Time to mine some XMR. Always in the background

Mentions:#XMR

Why this sub so obsessed with XMR?? I just want my money number go up

Mentions:#XMR

Yeah Binance doesn't have to do anything, the market negatively adjusted XMR prices down instead.

Mentions:#XMR

This is false. Binance keep the XMR price artificially low. They acquired (stole) a lot of XMR at very low price, by disabling withdrawals, forcing people to convert their XMR to other cryptos. Kraken and others display Binance's listed price rather than the last price people traded for in their platform. Now Binance can ''crash'' Monero whenever it wants, be it by displaying a low price or selling parts of the huge stack it stole from us.

Mentions:#XMR

#Monero Con-Arguments Below is a Monero con-argument written by mic_droo. > Monero is a privacy coin – the biggest and most well-known privacy coin, at that. Its main appeal is that, other than most other crypto currencies, it really is private and anonymous and it has a huge community that loves that about it. > > There are, in my opinion, two clusters of arguments that can be made against Monero: those that generally disagree with Monero in general and think it’s dangerous, and those that generally think what Monero is doing is good, but that it doesn’t do a great job at it. > > Let’s start with the first one: the argument could be made that Monero is dangerous. As I’ve laid out in my [Privacy Con-post](https://np.reddit.com/r/CointestOfficial/comments/r6syvm/general_concepts_round_privacy_conarguments/hxqgi5x/) in the last round, complete privacy enables illegal activities – one the one hand if you, for example, kidnap someone, asking for Monero is a great choice. But elites can also engage in corruption more easily using a coin like that. It can also be used (and let’s be honest, that is happening) to avoid paying taxes – which in my opinion is a huge problem as 1) this leads to governments receiving less tax money (**yes**, I think taxes are a necessary and good thing) and 2) to them being more anti-crypto. If we want crypto in general to be more accepted, Monero isn’t doing anyone a favour, some [countries are cracking down on exchanges that offer privacy coins](https://www.techtarget.com/searchsecurity/news/252512394/Monero-and-the-complicated-world-of-privacy-coins) specifically, which might also lead to less and less exchanges offering XMR when crypto gets regulated more. > > Okay, so far so good, but even if you think complete privacy is exclusively good, Monero has a few downsides. Firstly, [it might not be as untraceable as it seems](https://www.wired.com/story/monero-privacy/) – in the past there have been a few problems that might have made you identifiable, especially if you weren’t cautious enough. Even though developers have fixed past loopholes, that doesn’t mean Monero will stay untraceable forever. The IRS [famously isn’t a fan and has a bounty on cracking Monero](https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=3749d97585cc), and it’s naïve to assume it is *impossible* to do so. If people feel to secure now, they might be in trouble once the code is cracked. Secondly, it’s slow – with one transaction [taking about half an hour to be completed](https://www.monero.how/how-long-do-monero-transactions-take), which makes it unusable or at least very annoying for many applications. Thirdly, it’s a proof of work coin which, without going into too much detail (but see my [PoW con post](https://np.reddit.com/r/CointestOfficial/comments/r6vtbn/general_concepts_round_pow_conarguments_december/hyr768o/) is an inefficient system that is awful for the environment. Finally, Monero mining [is pretty centralized](https://bitcoinist.com/does-monero-have-a-serious-centralized-mining-problem/) making it a potential target of a 51% attack. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find submissions for other topics.

Mentions:#XMR

The good news is, Binance can no longer do anything to negativity affect the price of XMR and Kucoin just isn't big enough to make any difference.

Mentions:#XMR

I've paid my rent in XMR, that was an empowering feeling 😊

Mentions:#XMR

I've also gotten more interested in DERO recently. Seems quite promising and the transaction experience was much better than what I'd been used to with BTC and XMR. I found ScoobaMonsta mentioned to be somewhat concerning, although DERO apparently rewards miners in the form of fees from transactions as well. Whether that in lieu of tail emissions is enough or better, I don't know at this point.

Mentions:#DERO#BTC#XMR

Sure, and I hope that law will hold true again. As an engineer, it makes sense that if BTC has N transactions and is worth X, then having M*N transactions should make Montero M*X. But I don't think things are simple. They're different blockchains and use cases, BTC being more of a "gold standard" or crypto and XMR bringing anonymity in operations. So I don't think the previous relationship is 100% valid. I also think offer and demand should make that happen, as you can't artificially keep prices forever, but well... I hope this works out the best for you and everyone!

Mentions:#BTC#XMR

This isn’t news, tons of exchanges have been delisting XMR over the past years or so. The privacy element makes it difficult to adhere to financial regulations

Mentions:#XMR

Bitcoin is a private store of value if you use it properly. If you don't interact with KYC centralized exchanges, then your coins are private, anonymous, etc. And as we've all said, if you want to move that money around, you just swap to XMR and do your thing. Why isn't that enough for you?

Mentions:#XMR

There is a time to join until May 20 when Binance technically remove XMR withdrawals. Metcalfe’s law was being fulfilled right in our reality exactly prior to the year 2017 when Binance had come to the market. Now Binance is departing away. So, a great opportunity for all of us. Share that in your social media.

Mentions:#XMR

I've successfully withdrawn this morning (European time zone), around 5 hours after the delisting. If XMR withdrawals have been suspended again, I can only suggest coming back to Binance frequently and at the weirdest hours where low activity is expected -- West Coast mornings/noon should be good as most of Europe and East Asia is not active during that time (and not many US users on non-US Binance).

Mentions:#XMR

have we discussed why Binance is getting out of XMR? have they given a reason?

Mentions:#XMR

No, he got it right. Monero founders got pissed that Binance was delisting XMR, then stormed the headquarters with guns, seized the place, and took over all associated trading.

Mentions:#XMR

Monero is a worse sov than the dollar. >Monero has a lower supply than BTC until 2040 and it's inflation is currently half of BTC and gold. Explain why it's plummeted vs. bitcoin? >For me a private and secure store of value (XMR) is worth more than a public and potentially "insecure" store of value (BTC). How can Monero be secure if the price doesn't rise? >Do some research why Monero made the trade-off of tail emission vs BTC fixed supply. An excuse for no supply cap. You lot naively think Bitcoin won't keep rising in price or people, institutions and companies won't pay very high fees.

Mentions:#BTC#XMR

Following. Sailing in the same boat. I have 1 XMR on binance. Missed to withdraw or convert. 😓😓😓

Mentions:#XMR

Why don't they simply force sell the XMR into USDT ?

Mentions:#XMR#USDT

XMR will only be valuble if: 1) it does not get sanctioned by thr majority of fiat currency countries. 2) people adopt and find value/use in thr mainstream Otherwise it is a niche coin and will forever have liquidity issues.

Mentions:#XMR

Trading is disabled for XMR on Binance forever. This is why the price is down. Binance was trading a bunch of paper XMR that they're now not letting people withdraw because they don't actually have the coins.

Mentions:#XMR

um actually it did really good against BTC during the bear, ratio was up to like 0.01 at one point because everything else was dumping much harder because XMR has organic demand. anyway, if you want to use XMR for privacy you need to hold the coin. Swapping BTC into $100 of XMR then swapping right back out is actually pretty obvious. If you wanna conduct online transactions privately, you need to hold some XMR. Even if not accepted directly, swapping it for gift cards or BTC when needed is easy. There's also the meta issue of the coin needing value to work. If the whole network were worth idk, only 10 million market cap, you might see 1 million in daily trade volume, which means trying to buy or sell even 100,000 worth would swing the market huge amounts. Shit needs liquidity to work. That means it needs value. People like to act like it's just a tool and the value doesn't matter, but it actually needs value to be an effective tool. Plus, if you actually want to see XMR accepted, people need to hold a bit to spend. This, "yeah XMR is good but never hold it" stuff is BTC maxi talk. I'm not saying treat it like an investment, I'm just saying telling people not to hold it is shortsighted for anything who values Monero or privacy.

Mentions:#BTC#XMR

people think it has "infinite supply" because they are dumb, plus it's the only coin maxis can't shit on so they'll say things like, yeah it's an essential tool but don't hold it. thing is, using XMR in that way (swapping into it then right back out) is actually one of the least effective ways to keep your privacy

Mentions:#XMR

You’re not educating me on Monero. I love Monero. But it’s a terrible choice to hold for financial gains. You can huff and puff as much as you want, but the charts are there for everyone to see. XMR, like all alts, got destroyed vs BTC in the bear. In the last year, XMR has also gotten destroyed by most other alts. That’ll probably continue through this cycle. Btw me holding fiat is irrelevant. Until we can pay for lunch and car insurance and home internet and my phone plan and home utilities and gasoline and shopping and all the other day to day life activities in crypto, we all need to hold some fiat. Is fiat the biggest shitcoin? Obviously. But it’s also the only currency accepted at 99.99% of places on this planet.

Mentions:#XMR#BTC

You don't store any fiat despite it being one of the worst store of values? * Monero is better than fiat in all aspects other than adoption. * Monero has a lower supply than BTC until 2040 and it's inflation is currently half of BTC and gold. For me a private and secure store of value (XMR) is worth more than a public and potentially "insecure" store of value (BTC). Do some research why Monero made the trade-off of tail emission vs BTC fixed supply.

Mentions:#BTC#XMR

Good luck with that! Binance is known for being selling naked XMR for ages. They've no XMR to give their customers, so the OP question makes sense, he wants to know how much USDT he will get when Binance come up with that "solution"; market price or last in house price?

Mentions:#XMR#OP#USDT

Anyone holding XMR for investment is like those doomsday truthers who keeps tons of canned food and bullets in their basement.

Mentions:#XMR

How is commodity futures relevant here when talking about XMR on Binance? Even in commodities futures, while physical delivery is possible, it is almost always settled in cash. The point is Binance and cease XMR trading but still keep futures open. And keeping futures open doesn't require any holdings of XMR.

Mentions:#XMR