18
votes
What is a payment ID, and why is it used?
This post from a while back on Reddit documents what a payment ID is and how it is used quite nicely. Note that an integrated address includes a payment ID and is a preferable way to send and receive ...
- 8,826
10
votes
Accepted
What is XMRdotTwo?
You are probably referring to XMR.to, a website that allows people to make anonymous payments to a Bitcoin address with Monero.
XMR is the trading symbol for Monero, which is why the domain is ...
- 8,826
9
votes
What is a payment ID, and why is it used?
Payment ID is really a message attached to the TX. It can either be encrypted or unencrypted, depending which scheme is used. Usually it's only important when sending to exchanges, services etc. ...
- 20k
9
votes
Accepted
Failure of an exchange or pool to upgrade to Monero v0.10.1 by January 5th
Miners will lose what they would have gained if the pool had been on the right fork: any block mined on the wrong fork will eventually get reorganized away. If the pool's on the wrong fork, any money ...
- 34.9k
8
votes
Accepted
How do exchanges adopt Monero?
Many altcoins fork from Bitcoin so their codebase is often not much different from Bitcoin. That's why it's relatively easy to make all existing tools work with a coin forked from Bitcoin. Therefore ...
- 985
8
votes
Exchanges that support integrated addresses
Tux exchange added Monero with integrated addresses:
- 343
6
votes
What options are available for directly buying Monero with fiat currency?
Adding to the list:
https://monerodirect.com - buy Monero with Euro, GBP, or USD. (We can add other currencies if there's sufficient demand.)
Disclaimer: In addition to being a contributor to the ...
- 4,243
5
votes
What options are available for directly buying Monero with fiat currency?
The Monero analog of LocalBitcoins.com
https://localmonero.co
First on the market!
On LocalMonero.co you are dealing with humans. Unlike centralized cryptocurrency exchanges, you make a trade ...
- 55
5
votes
How do exchanges adopt Monero?
Monero uses a completely different codebase than bitcoin, and the codebase is poorly documented (though its getting better) . For instance, Monero's software architecture is strikingly different - ...
- 5,694
4
votes
Accepted
Exchanges that support integrated addresses
Poloniex is the exchange with the most Monero liquidity currently and now supports integrated addresses
Another large exchange Kraken has supported Monero integrated addresses since XMR trading ...
4
votes
Accepted
MyMonero is down again, how do I get my money out?
Yes, it's possible to get it out, although the process is a bit complicated, because MyMonero does not use the standard 25-word seeds.
Use https://xmr.llcoins.net to convert your MyMonero 13-word ...
- 171
3
votes
Accepted
What is the XMR Withdrawal field for when there is another address field on top for Binance?
This really is kind of misleading at Binance and i think they do it on purpose.
The field XMR Withdrawal Address is the wallet. The field XMR Withdrawal is the payment ID.
If you want to transfer ...
- 812
3
votes
Monero transaction from kraken to bitfinex stucks in status confidential transaction
If you sent to an address owned by someone else (Bitfinex), then you cannot use a wallet to recover the funds. It is the responsibility of the address owner (the exchange, Bitfinex) to credit you ...
- 5,515
3
votes
Accepted
If I was to open a US based XMR exchange what laws I need to consider?
At the very least you would have to register as a money services business, which Poloniex and I believe Bittrex both have, and then as a MSB you would have to perform KYC/AML and record keeping to ...
- 4,413
3
votes
How To: Atomic Swaps
Originally posted on the Monero subreddit at https://www.reddit.com/r/Monero/comments/qb7t8p/how_to_atomic_swaps/, u/dEBRUYNE_1 requested I post it here too. Please excuse the mis-tagging; I ...
2
votes
Can you send Monero from an exchange to an exchange directly?
It depends. Several exchanges have a requirement for a payment ID to be included when depositing, but have no option to add it to withdrawals.
In general it's safer to withdraw to an own wallet and ...
- 2,681
2
votes
Moving monero from Poloniex or Bittrex to a paper wallet
Yes, that would work. Just make sure you don't lose the seed for your paper wallet.
- 8,518
2
votes
Accepted
Potential mistake in trying to secretly transfer from one bitcoin wallet to another via monero - Theoretical
Due to fees it would never be the exact same amount, but in theory it could arise suspicion. Also, nothing stopping you from splitting the amount into multiple transfers at exit.
- 20k
2
votes
Why is AEON wallet not working on Bittrex?
There were some large reorgs/forks in June 2017, like on the order of 50 or 100 blocks, the cause of which was not clear. Prior to that there was a bug that required a chain rollback, which resulted ...
- 4,413
2
votes
How do I sell Monero for USD if I start from the Monero in my wallet?
You can also use a service like LocalMonero to sell the Monero directly to someone for cash if that is your preference.
- 643
2
votes
Can a DEX like bisq.network profit from Kovri?
The approach of network traffic obfuscation is quite similar in both projects, however there are some major differences.
TOR is used by a vast majority of users as a proxy service for the clearnet, ...
- 2,681
2
votes
Accepted
Exchange for Monero Fork
If you create a coin, people will mine it. Once they mine it, they will get coins as a reward. You then have to negotiate with exchanges to list your coin or in a best case scenario they will list the ...
- 812
2
votes
How do I purchase Monero when I live in US?
There are plenty of exchanges that allow you to trade Monero, even if you live in the US.
- 19.4k
2
votes
I want my money to be private and to use it as needed each month to pay bills etc
I like your intentions. But that's not really going to happen, for a long time, if ever.
As with all cryptocurrencies, the vendor, shop, utility, landlord, etc need to accept it.
There are ways to ...
- 494
1
vote
What is the XMR Withdrawal field for when there is another address field on top for Binance?
It could be for payment_id try inspecting it in source to see if that reveals any more info.
- 559
1
vote
Livecoin doesn't credit my balance after missing Payment ID
There is nothing you can do.
Per Monero's privacy they even can't know which transaction came from you, that's why they require a payment ID. Public coins like Bitcoin let you know who send the ...
- 577
1
vote
Moving monero from Poloniex or Bittrex to a paper wallet
If you were a techie, this URL should be most helpful plus the two other URLs it references at the bottom. It is possible to have a brain wallet that maps to BIP 39 seed words that in turn map to ...
- 1,576
1
vote
Can't Find Transaction
Use the transaction ID/hash/number. It should look something like this:
c6ad90452a1c62171522484a3d8c8585d6461f544c6c44933850b90f76745895
Paste yours in a block explorer. I highly suggest xmrchain....
- 8,826
1
vote
Correct Monero address but wrong payment id - MyMonero wallet
You don't have to use a payment ID when you're sending to your own wallet. Thus, simply use your wallet's address and nothing else. More information about use cases of the payment ID:
What is a ...
- 15.3k
1
vote
Where can I exchange GBP to Monero (XMR)?
You could try localmonero: https://localmonero.co
But there aren't many GBP sellers there with very high sell records or reputations, so you may be better off buying bitcoin first, as suggested ...
- 701
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