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Don't know a bunch about cryptocurrencies, but couldn't you get the benefits of monero by just converting monero to btc before paying? Are the conversion fees
by arlort 2y ago
Don't know a bunch about cryptocurrencies, but couldn't you get the benefits of monero by just converting monero to btc before paying?
Are the conversion fees too high?
- akimbostrawman 2y agoYou can but its not only more effort and increases the price but also reduces privacy and anonymity because you introduce a possible point of tracking with most likely KYC exchanged BTC and a publicly viewable blockchain.
- loughnane 2y agoIn addition to what u/akimbostrawman said, I feel like doing that would undermine long-term privacy by slowing adoption of a tool (monero in this case) in favor of something less private.
- jacekm 2y agoYou can, but to retain anonymity you'll need to go through decentralized exchange (DEX). This is extra hassle, especially if you have never done this before.