Intermediate

Swapping Monero Quiz

Test your understanding of no-KYC swaps: how they work, choosing a service, and rates and fees.

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What is a no-KYC instant swap?

A bank transfer of fiat to Monero An account-free trade of one cryptocurrency for another, straight to your own wallet A loan of Monero A way to mine Monero

Why should you always provide a refund (return) address?

So your coin can be returned if the swap can't complete It is required by KYC law To speed up Monero's blockchain To lower the rate

What's the difference between a fixed and a floating rate?

They are the same thing Fixed has no fees; floating is free Fixed is locked for a window; floating settles on arrival Floating requires KYC

What's a smart first step with a swap service you haven't used?

Share your seed phrase with support Send your entire balance immediately Skip the refund address to save time Do a small test swap first