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: 2024-07-24
BasicSwapDEX does not monitor user transactions or activities. It functions on a peer-to-peer, open-source basis with no central party to collect or monitor data.
ToS section: "Do you collect any data about me?"
The provided content does not mention any requirement for user identity verification, indicating that no such requirement exists.
ToS section: "Not explicitly stated in the provided sections."
BasicSwapDEX explicitly states that there is no central operator or service provider to collect or share data.
ToS section: "Do you collect any data about me?"
BasicSwapDEX does not collect any user data, hence cannot share data with authorities or any other parties.
ToS section: "Do you collect any data about me?"
The content states that BasicSwapDEX does not collect any personal data, which includes logging IP addresses or transactions.
ToS section: "Do you collect any data about me?"
BasicSwapDEX operates without any central authority, hence it cannot block or freeze user funds.
ToS section: "Do you need to run a local node to perform a swap?"
There are no references to account termination or blocking in the content provided.
ToS section: "Not explicitly stated in the provided sections."
There is no indication that BasicSwapDEX flags suspicious transactions, given its decentralized and privacy-focused nature.
ToS section: "Do you collect any data about me?"
Beware of fake reviews and accounts. Verify user profiles and conduct your own research.