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Feature request: Add a FIAT<->XMR pair #1065

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Kreyren opened this issue Jan 2, 2025 · 7 comments
Open
1 task done

Feature request: Add a FIAT<->XMR pair #1065

Kreyren opened this issue Jan 2, 2025 · 7 comments

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@Kreyren
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Kreyren commented Jan 2, 2025

Is there an existing issue for this?

  • I have searched the existing issues

Current Behavior

Lets say i am Monero user and i want to buy 1000 EUR worth of XMR:

The app won't let me buy XMR directly i have to go BTC->XMR to buy 1000 EUR worth of BTC the fee is 95 EUR and additionally to that i have to pay 5-100 EUR fee for XMRBTC swap depending on how the BTC scam fee feels about f*cking over people today to in the worst case scenario end up with 805 EUR worth of XMR and additionally to that it won't work over Tor so either way is not usable.

Expected Behavior

Direct exchange from FIAT<->XMR and 5 EUR fee max and even then i wlll complain about it not being up to 3 EUR.

Reproduce Steps

self-evident

Environment

  • Operating system and version: Android 14
  • Device platform and version: LineageOS
  • Real device or emulator/simulator: Vendor-patched xiaomi-ursa into xiaomi-equuelus

Logs

No response

Further Information

Other crypto wallets e.g. Cake Wallet lets me use Tor to directly exchange FIAT<->XMR and has exchange fee of 4.26 EUR including contactless payments via pre-paid virtual credit cards which is kinda the standard for Monero.

The low fee is achieved by having multiple providers that the app gets a quote from to then pick the one that gives the best deal which also makes the exchanges honest and competetive.

Haveno implementation to get rid of the need to have pre-paid virtual credit cards to do contactless FIAT payments would also be cool.

@sneurlax
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sneurlax commented Jan 2, 2025

This is not a Stack Wallet issue.

@cypherstack cypherstack deleted a comment Jan 2, 2025
@sneurlax
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sneurlax commented Jan 2, 2025

If anyone saw the link posted by @Berge511 just now, it is a phishing attempt. Do not click it.

@Kreyren
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Kreyren commented Jan 5, 2025

This is not a Stack Wallet issue. -- @sneurlax (#1065 (comment))

Seems relevant to me considering that Stack:

  1. Explicitly doesn't allow FIAT exchanges over Tor
  2. Seem to only provide SimpleX exchange, if it provided more monero-friendly options like:

Then this wouldn't have been such a painful experience to use for FIAT exchange on Monero as again it's kinda standard in other monero wallets.

@sneurlax
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sneurlax commented Jan 5, 2025 via email

@Kreyren
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Kreyren commented Jan 5, 2025

I would categorize it as a bug considering it makes the built-in exchange unusable, but w/e is this actionable in stack? Cuz this and inability to use custom remote node (#981) is kinda a deal breaker for me and most monero users afaik.. and it would be great to have more alternative wallets..

@sneurlax
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sneurlax commented Feb 5, 2025

This is not actionable in Stack, is my point

We can add more exchanges or we can ask the exchanges we have to add more pairs, basically

Otherwise there isn't anything we can do because we don't actually manage the swaps service, that's all I mean.

@Kreyren
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Kreyren commented Feb 6, 2025

We can add more exchanges -- @sneurlax (#1065 (comment))

That's what i was hoping would be actionable in stack tbh. just like add more options?

we can ask the exchanges we have to add more pairs, basically -- @sneurlax (#1065 (comment))

Would also be great, but from my experience the BTC people aren't good faith with XMR.

@sneurlax sneurlax changed the title Bug: The built-in buy/sell feature feels like a multi-layered scam for a Monero User Feature request: Add a FIAT<->XMR pair Feb 6, 2025
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