Now that XMR.to has shut down, we feel a need to fill the gap.
Have you seen this project?Quote
There are not any (truly) trusted third parties to facilitate this in a fashion that does not require KYC.
True. But just like I wouldn't trust the project I linked above, why would I trust your project with any substantial amount?Quote
no KYC (under 99.99% of circumstances)
I've seen this go wrong on so many sites. Will you at least publish what triggers the remaining 0.01%?Quote
We are using an API to source liquidity from our accounts
Does that mean you'll use other exchanges to make the trade? If so, how can you be sure they won't freeze a transaction?Quote
I've also decided that the max transaction size will be 100BTC/equivalent in the other asset.
That's 4 million dollars. That's quite a lot of trust to ask without any reputation while being completely anonymous. I've seen sites pull exit scams for a lot less.It could also be large enough to adjust the market price on whatever exchange your API uses.
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I think this high limit is super important because it will give financial freedom and privacy to those who seek it.
I've seen people lose their life savings to a single site. I can only recommend not to trust anyone with more than you can afford to lose.Quote
There's really no good option as far as no-kyc instant swaps (especially large ones) for the pair go anymore.
There is of course a reason for that: exchanges that aren't completely anonymous have to follow regulations, and authorities are cracking down on them.Quote
Now that Binance has restricted unverified accounts to 0.6BTC in withdrawals a day, things have become worse.
Actually, it's 0.06BTC (and about a week to go before the 2BTC limit gets lowered).Quote
I am also considering letting the general public earn a part of the spread by depositing with us and providing liquidity if the site gains enough traction.
I've only seen "bankroll funding" on casinos, I don't think I've ever seen it on an exchange. But again: you'll need to earn a lot of trust first.Good luck
