How does Bitcoin anonymity differ from privacy coins like Monero?
A post by William Parvez
To buy Monero using michi, first, find a cryptocurrency exchange that supports the XMR/$MICHI trading pair. Create an account, verify your identity, and deposit your $MICHI into your exchange wallet. Locate the XMR/$MICHI pair on the trading platform and place an order to exchange your michi for Monero. If the XMR/$MICHI pair is unavailable, you can first exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Monero. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Monero for michi, first, find a cryptocurrency exchange that supports the XMR/$MICHI trading pair. Create an account, verify your identity, and deposit your XMR into your exchange wallet. Locate the XMR/$MICHI pair on the trading platform and place a sell order to exchange your Monero for michi. If the XMR/$MICHI pair is unavailable, you can first sell Monero for a stablecoin like Tether (USDT) or a fiat currency, then trade that for michi. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by William Parvez