computerized_bulwark_9348

I sent a commodity crypto coin from a CEX to Pegasus and withdrew to my Monero wallet. The whole thing took about 15 minutes. Including the CEX withdrawl fee and the Pegasus fee, the rate was >6% over spot. This is probably because the amount was fairly small. I was just doing a test of this site and wanted to make sure that it is legitimate. It seems like PegasusSwap uses KuCoin under the hood. You can see the transactions on the blockchain explorer, and from my perspective it looks like i sent coins to a KuCoin deposit address. I will probably use them again, however I recommend caution - do not start with large amounts.

I sent funds (a US$ stablecoin) from a major CEX to FF and on to my Monero wallet. The overall rate (including the CEX fee and FF's floating fee) was good, ending up within the candle for the day. Total transaction time took about 5 minutes. For me personally, very good service. However, quite concerned about all the KYC issues people are allegedly facing. The whole point about Monero is privacy, so it would suck if FF requires KYC for people wanting to get some XMR.

I've been using Kraken for several years now. The fee structure is pretty good, particularly if you trade more than US$50k per month, there is a rapid drop in the fees. Withdrawl fees are acceptable, and I've never had problems to withdrawl any crypto on any network. I have never withdrawn fiat back to my bank account, but there are also fees for that too. I have never had any funds blocked. KYC is fairly extensive. I don't remember exactly what I needed to provide, but i think it was a photo of a passport, plus obviously name, address, stuff like this. Account is linked to one specific country. So no matter in the world where you are, you are tied to restrictions for that location. If you are a UK user, then UK restrictions apply. That means you cannot buy Monero on Kraken if you are a UK customer. The REST API is excellent. If you are a developer and can invest time in building an automated strategy, then Kraken's API is brilliant for this. What puts me off Kraken is their announcement to comply with CARF. This essentially means that from 1st January 2026, Kraken is obligated to provide details about transactions and trades to the UK government, which is a massive breach of privacy. There will therefore be tax implications for all users making bidirectional trades on Kraken. Also, withdrawls to any public-ledger private wallets may be compromised (e.g. Ethereum networks, Bitcoin, etc.), because Kraken may report these public addresses to the UK government so that they can then monitor your Assets via the various explorers and "make a determination about how much tax YOU need to pay". tl;dr; Kraken is an excellent centralized exchange but now appears to be sh*t*ng on their user's privacy by reporting to the government.