basicswap beta
ToS

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.

KYC LEVEL 0

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

Open source code Non-custodial wallet Strict no-KYC policy No personal information needed Peer to peer trading Strict no-log policy Peer to peer network No JavaScript needed
(updated 3 hours ago)
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Last Check: 2024-09-09

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Transaction Monitoring

The FAQ does not mention that BasicSwapDEX monitors user transactions or activities.

ToS section: "FAQ"

User Identification

There is no information in the FAQ indicating that users are required to verify their identity for using BasicSwapDEX.

ToS section: "FAQ"

3rd Party Data Sharing

BasicSwapDEX claims it does not collect or share user data with any third parties.

ToS section: "FAQ > Do you collect any data about me?"

Data sharing with authorities

The FAQ does not indicate that BasicSwapDEX shares user data with authorities, law enforcement, or government agencies.

ToS section: "FAQ"

Logging

There is no mention in the FAQ that BasicSwapDEX logs user data, including IP addresses or transactions.

ToS section: "FAQ"

Blocking of funds

There is no indication in the FAQ that BasicSwapDEX can block or freeze user funds.

ToS section: "FAQ"

Account termination/blocking

There is no information in the FAQ suggesting that BasicSwapDEX can terminate or block user accounts based on suspicious activities.

ToS section: "FAQ"

Transaction flagging

There is no indication in the FAQ that BasicSwapDEX has a system for flagging suspicious transactions.

ToS section: "FAQ"

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