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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.
Okay, now have better picture
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.