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55162747 No.55162747 [Reply] [Original]

Why aren't more people using Atomic-Swap exchanges?

Trading p2p means you can't have your money stolen by exchanges or hacks.

Also, no KYC! As exchanges start delisting privacy coins, y'all will need to transition.

Pictured: DCRDEX, an atomic-swap based DEX.

>> No.55162761

>>55162747
i use Orion Protocol it's based exchange

>> No.55162777
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55162777

>>55162747
because its a little harder than the regular way and a lot of people who don't know shit about IT get scammed left and right or make mistakes. you basically need a 100+ IQ to use a p2p dex right now. yes, it is just clicking some buttons too but its still to hard for the majority of people

>> No.55162817

>>55162777
I agree that it's definitely not as easy, but how do people get scammed?

>> No.55162847

>>55162817
> fake p2p trading site
> fucked by slippage
> bought scam immitation token on p2p exchange
> make a wrong transaction
> sign a pajeet scam contract to drain your funds

why do people get scammed? cause they are tech illiterate and don't know what they are doing.

>> No.55162855

>>55162817
the moment the illiterate has to move away and do things on his own that has risk, there is a pajeet waiting to scam that sucker. and many do get scammed i guess.

>> No.55162889

>>55162747
decred fags are insufferable - wheres the xmr atomic swap? what the fuck is the point of swapping to dcr as intermediary? Where is liquidity coming from and how are liquidity providers compensated? User fees flow where?

>> No.55162907

>>55162747
Every coin is "tainted"

>> No.55162926

>>55162907
yeah i forgot about the risk of getting blacklisted coins, basically the only p2p dex coins that are a smart buy are privacy coins

>> No.55165104

>>55162747
Do you remember that time majestic bank fucking disappeared for a few weeks and people couldn't get their funds out? Remember the time viruses we're being transmitted via bisq? Yeah, I remember.
At least that wasn't a rugpull, Atomic swaps can just exit scam, DNMs can get hacked or rugpulled. They're far less safe than CEXs.

>> No.55165428

>>55162747
what does dcrdex do better than atomicdex?