this post was submitted on 14 Jul 2026
66 points (95.8% liked)

Privacy

50004 readers
867 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 6 years ago
MODERATORS
 

Edit:

We can also guess they're playing fractional reserve games with Monero.

  • Deposit limit: 10.8 xmr/mo
  • Withdraw limit: 4.6 xmr/mo

The fact that they're letting you deposit double what you can withdraw means they don't have enough Monero on their books to make it up for everybody. Otherwise, the deposit and withdraw amounts would be equal.

top 19 comments
sorted by: hot top controversial new old
[–] CashDragon@realbitcoin.cash 0 points 5 days ago

Get familiar with BitcoinCash and CashFusion. It Provides pretty much as good privacy as Monero in 99% of cases and BCH is available on all exchanges.

How to anonymize Bitcoin Cash with CashFusion - https://bitcoiniscash.org/bitcoin-cash-privacy/

[–] nymnympseudonym@piefed.social 17 points 1 week ago (2 children)
[–] DanceMomsSavedMe@lemmy.zip 5 points 1 week ago (2 children)

Let me guess you still gotta run random .deb files on your computer to access it? Even though Bisq was also open source and vetted and trusted?

Pass.

Excited for Serai though, if they ever actually do anything with it. Been like 7 years now.

[–] WhyJiffie@sh.itjust.works 3 points 1 week ago

apparently they have a flatpak now

[–] parzival@lemmy.hkserv.space 1 points 1 week ago

? Just use retoswap

[–] shortwavesurfer@lemmy.zip 0 points 1 week ago
[–] whatiswrongwithyou@lemmy.ml 10 points 1 week ago

“Who could have ever predicted this?” We all said.

[–] rijom@lemmy.ml 8 points 1 week ago (1 children)

What’s the story here? Why would they want to delist?

[–] chicken@lemmy.dbzer0.com 25 points 1 week ago* (last edited 1 week ago) (1 children)

Monero is private by default, and lacks ways to make exceptions to that privacy for governments. They don't like that, because they want to spy on people's finances, and have been both banning it directly and putting pressure on exchanges to get rid of it. For instance a few years ago the US government got Binance to delist it as part of the settlement terms of a lawsuit against them. Kraken is a US company and is the only centralized cryptocurrency exchange left that both offers Monero and will let you withdraw/deposit US dollars.

The text in the email says a lot:

These limits are being introduced as part of Kraken's ongoing efforts to maintain risk-based compliance controls while continuing to support XMR trading and transfers.

Emphasis mine, they are doing it to try to keep the government happy, government does not like financial privacy.

[–] shortwavesurfer@lemmy.zip 6 points 1 week ago (1 children)

The user can do things transparently if they want to in Monero, but it's not by default, obviously.

We already have public view keys.

[–] chicken@lemmy.dbzer0.com 2 points 1 week ago (1 children)

There are view keys, but that wasn't considered to be enough when Binance was demanding more access to fulfill their new compliance requirements and other privacy coins were making changes to give it to them.

[–] shortwavesurfer@lemmy.zip 6 points 1 week ago

True. The Monero community was basically like, fuck you, we aren't changing anything. And if you don't like it, then tough noodles.

[–] nibbler@discuss.tchncs.de 4 points 1 week ago

The fact that they’re letting you deposit double what you can withdraw means they don’t have enough Monero on their books to make it up for everybody. Otherwise, the deposit and withdraw amounts would be equal.

That conclusion does not follow from the limits alone. Deposit and withdrawal limits are operational policies, not a statement of the exchange’s Monero reserves. They can be asymmetric for many reasons, including compliance requirements, fraud prevention, or liquidity management.

A lower withdrawal limit might justify asking questions, but it is not evidence by itself that the platform is running a fractional-reserve scheme. To establish that, you would need information about its liabilities, on-chain reserves, withdrawal delays, failed withdrawals, or other evidence of a shortfall.

[–] mindbleach@sh.itjust.works 2 points 1 week ago (1 children)
[–] shortwavesurfer@lemmy.zip 2 points 1 week ago (1 children)
[–] Hirom@beehaw.org -1 points 1 week ago (1 children)

Oh no, not the coal and gas-powered currency.

[–] Amnesigenic@lemmy.ml 4 points 1 week ago (1 children)

As opposed to what, the dollar?

[–] Hirom@beehaw.org 1 points 1 week ago

Anything but PoW