Thanks for the thoughtful question.
We are quite glad that the first reply came from a Legendary member.
I'm an experienced Bitcoin user, but never touched any "decentralized" exchange. It's often not really decentralized (so it's refreshing that you at least refer to it as "semi-decentralized", requires downloading and running software, and requires (wrapped) "tokens" and "smart contracts" on chains and networks I (and most people) don't understand and can't verify by myself.
You are right to point out that many so-called "decentralized exchanges" aren’t really decentralized in practice. That’s why we openly describe our project as semi-decentralized, and I’ll clarify what that means here.
The exchange is built on blockchain adapters and smart contracts that handle escrow logic in an automated way. Funds are locked in buffer wallets by the protocol itself, not by the development team. Even though we don’t have direct access to those wallets, the only way intervention can happen is via a collector module that helps recover stuck funds but only within 7 days for security reasons. You can read more about Buffer Wallets and Collector module on our
GitBook page.
The "semi" part comes from the fact that, unlike a pure DEX, there’s still a registration layer (account creation), and the routing of swaps goes through buffer wallets instead of direct atomic swaps. This design makes it more user-friendly but still keeps custody away from us.
You don’t need to run any custom software or compile code. Everything is browser-based.
You simply create an account on
https://bridgoro.com and log in. Currently, all exchange operations are based on testnet networks only.
Don't forget to install Monero GUI and run it in testnet mode. The Guideline about using testnet networks on BTC, ETH, SOL, TRX, and XMR can be found on our detailed
guideline.
Also, let us point out on No-KYC and No AML parts:Because it’s a peer-to-peer design where users trade directly, there’s no reason to collect identity data. It’s one of the core principles: no KYC, no AML, no transaction freezes. Users remain anonymous, just as they would when sending coins directly on chain.
FYI: As we mentioned in the ANN, part Beta Test period launches tomorrow, so the exchange testnet offers with different pairs from the team will be available tomorrow, but we have already created a BTC -> XMR exchange offer for you. And you can create exchange offers as well to check how other users will accept it.