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)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
Currently there is no layman-friendly way of going XMR -> BTC with unstoppableswap so very few people actually provide liquidity in that direction and the fees they take are high because of it.
The Samourai atomic swaps GUI was on the right track to solve this with a XMR provider GUI but they got taken down just a few weeks after they released it.
Hi, I'm one of the developers. We're working on making running the maker side way more accessible. That will lead to lower spreads. The current state is caused by to the fact that the taker needs to deposit their Bitcoin first (to prevent DOS attacks). This will change when Monero gets transaction chaining. Until then we will still be improving the setup a lot, especially our docs. You can always post in our matrix rooms if you have any questions.
You can use Exolix or Trocador, there are pretty low fees.
Thanks, though note this:
Exolix: "Users must undergo AML/KYC procedures" source: https://kycnot.me/service/exolix
Trocador: "Trocador's partners may require KYC checks and monitor transactions" source: https://kycnot.me/service/trocador
This is just normal market behavior. High spread will entice more liquidity providers to enter the market and close the bid ask gap