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Why LocalMonero so expensive?
(lemmy.ml)
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
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Monero, XMR, crypto, cryptocurrency
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