Original archived Re: Is it just me or are instant swap services getting worse in 2025?
Scraped on 02/07/2025, 04:08:44 UTC
That is the point of my reply, you can consider the marketed "no-KYC" swap service a scam if they do not have any written form that mentioned that they may require KYC data on certain transactions.
In principle I do agree with you, but in practice I do not. We could basically call almost all marketing a scam, even the largest companies in the world at least partially lying with their marketing. For example, they tend to cheat a lot with benchmarking phones or processors in unrealistic setups and then advertise their products with false data. If a swap service does not require KYC in 99.99% of the transactions, what should it write instead? "Almost never KYC?"

Like I said, write something about "
they may require KYC data on certain transactions." in their TOS, even as small as one phrase.
They can advertise "
no KYC" is as shameless way as possible, but at least mention the above and they could get out of the "
scam exchange" category.
In case the user didn't read the terms of using the service, they can call it his fault.