We at the Monerujo headquarters are equal parts happy and relieved to finally release a new version that brings exchanges between Monero and other cryptos back into the app.
I can almost hear you typing. Well, the truth of the matter is that our first exchange integration left the bar very high.
Like a first love, it was almost perfect. And just like our first love, it ended. Some of you may be OGs enough to remember XMR.to. It was the perfect Monero service, no questions asked, no fuzz, fast, cheap. It fitted perfectly our idea of being a wallet for the streets, the tool that someone actually using Monero in a daily basis would enjoy (that’s why features like PocketChange make sense to us). And while we waited for the rest of the world to adopt the Monero standard, with XMR.to you had a way to spend your hard-earned XMR in an instant, converting it to the most accepted cryptos of the time, almost like magic.
After our long stable relationship went away, of course came our rebound: the edgier SideShift.ai. It looked cool, we didn’t even know who was behind it nor wanted to know, perfect hacker-style. It was fast and cheap enough, it worked, case closed. But just like our real life analogy, pretty unreliable, so much so, that they suddenly stopped the XMR pair without prior notice, and left us (both developers and users) without any support, emotional or financial. Not cool.
So we were back into the market, aged and skeptical, hopefully wiser. We dated… sorry, we tested a lot. The non-KYC market has grown quite a lot in the past years, with many new players into the scene. Some had one great feature but not others. With every passing month, we decided not to implement any service that didn’t matched the original experience. Call us stubborn, but there’s certainly a power behind not being forced to generate revenue when you’re small and the community supports your crazy ideas.
But look at us now, we have someone to bring to this year’s dinner mom! Enter Exolix. The people over there were a stubbornness match, and were able to tinker with their systems enough so that we can have a Monero-based experience worthy of you ungrateful bastards:
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Fast exchanges
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Small amounts
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No KYC whatsoever
When you exchange XMR to anything else inside the app, you’ll wait ZERO confirmations to get it swapped, as long as it’s below 0.3 XMR. That means you can pay a coffee at a Bitcoin-only café and they won’t even notice. As soon as the Monero transaction hits the mempool, Exolix will send the BTC.
Also, above 0.3 XMR you get faster confirmations across the board. Try it. That means that if you have to buy something online for example, with a timeout of 10 minutes, you won’t be sweating like a pig until the USDT payment goes through and the rate changes again (we’ve been there).
On top of that, you’ll enjoy very small amounts, as low as 5 USD (approx) on most pairs. Something that makes total sense if you want to pay for that coffee at the maxi-Café. Or if you just need a couple of bucks worth of Solana to transfer your promising memecoins. We won’t judge (out loud).
And as the proverbial cherry-on-top, no KYC whatsoever for Monerujo users. What’s the point of using Monero if you’re forced to doxx yourself in order not to lose your money on a failed swap.
Summing up, we’re a happier wallet now. The people at Exolix have done great work and we look forward to this being an awesome tool for your regular use. We’re starting with a few pairs and outgoing swaps only, more coins and incoming swaps soon to come.
Did we say zero-confs and super low amounts? We’re so back!