basicswap beta
Cross-chain trading exchange (DEX) peer-to-peer trading of cryptocurrencies like Bitcoin and Monero. It uses Particl's network, atomic swaps, and scriptless scripts for transactions without third-party involvement.
basicswap beta
Cross-chain trading exchange (DEX) peer-to-peer trading of cryptocurrencies like Bitcoin and Monero. It uses Particl's network, atomic swaps, and scriptless scripts for transactions without third-party involvement.
The exchange ToS do not mention that it will ever request the user for a KYC verification.
BasicSwap's network is decentralized, using Particl's SMSG for node communication without requiring Particl staking. There has been some disussion about Particl and SMSG. Read more: mitra.social, repo.getmonero.org
Automated, ai-driven monthly ToS reviews.
Last Check: 2024-10-15
The FAQ states that BasicSwap operates without a central party or operator to collect or monitor data, emphasizing its decentralized nature.
ToS section: "Do you collect any data about me?"
There is no mention in the FAQ about any requirements for user identity verification, aligning with the decentralized model described.
ToS section: "General structure of BasicSwapDEX as a decentralized service."
BasicSwap asserts that there is no central service provider to collect or share data with third parties.
ToS section: "Do you collect any data about me?"
The FAQ does not indicate any data sharing with authorities, further supporting user privacy claims.
ToS section: "General principles outlined about data handling."
The FAQ makes no mention of logging user data, asserting no personal data collection.
ToS section: "Do you collect any data about me?"
Due to the atomic swap nature of transactions, there is no central authority to freeze or block funds.
ToS section: "What happens if a swap fails?"
BasicSwap, as a decentralized platform, does not manage user accounts in a way that allows blocking or termination.
ToS section: "General decentralized framework of BasicSwapDEX."
There is no information or implication of a transaction flagging system within the decentralized network structure.
ToS section: "General operation description of BasicSwapDEX."
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