Why does P2P XMR trading cost 10% over "market price"?
Because "market price" isn't real.
The CEX rate includes hidden costs:
→ Your identity attached permanently to every transaction
→ Blockchain fingerprint linking all future activity
→ Bank reporting thresholds triggered
→ Exchange custody risk (hacks, freezes, regulatory seizure)
→ Capital gains paper trail in 5+ jurisdictions
P2P premium covers what you're actually getting:
→ No KYC: your identity stays yours
→ No chain analysis: clean coins from a known-good source
→ No bank involvement: physical cash, no SWIFT trail
→ No exchange custody: coins go wallet-to-wallet
→ No reporting: legal in most EU jurisdictions for private sale
The 10% isn't a markup. It's the honest price of financial privacy.
At scale, the savings in legal fees, tax complexity, and future regulatory exposure make P2P cheaper than CEX. The market just hasn't priced that in yet.
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