Quote from: logfiles on May 16, 2025, 09:57:29 PM

Quote from: Trêvoid on May 16, 2025, 03:30:46 AM

All of them are fake. Despite the “instant” and “non-custodial” and “no-kyc” branding, these services are not decentralized in terms of liquidity sourcing. They rely on centralized exchanges.

They use those buzzwords to attract and trap users who don't bother researching and verifying the claims made by a service before using it. By the time they realize that they have been lied to, the funds have already been frozen and KYC is needed for the funds to be unfrozen. Very criminal behavior from some of these service providers!

We understand your concerns regarding the reliance on centralized exchanges for liquidity sourcing. The challenge is that relying entirely on decentralized liquidity often leads to higher slippage and less competitive rates for our users.

However, while we may use centralized exchanges for liquidity, we strive to be transparent about our processes and to maintain a high level of security. The 'instant,' 'non-custodial,' and 'no-KYC' branding reflects the user experience we aim to provide. We don't try to hide anything from our users. All information about AML and KYC is posted on our website.

We are actively exploring ways to integrate more decentralized liquidity sources to reduce our reliance on centralized exchanges and offer even greater transparency and control to our users. We appreciate your feedback and encourage users to do their own research and due diligence before using any exchange service.