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Best Atomic Swap service for XMR? : Monero | Torhoo darknet markets

I have just got BasicSwap Beta installed - after endless troubleshooting. BasicSwap [UI] seems fairly user friendly. Any confusions can likely be solved by reading a wiki or faqs. (Like understanding the spread in USD) so I'm wondering

1) Are all Atomic Swaps essentially doing the same thing? What others have you tried in relation to XMR.

2) I am curious what your experiences with BasicSwap is! I found it at the top of KYCnotme, how does it compare to the others?

These programs [Atomic Swaps] seem essential to the future of privacy coins, yet the information and discussion about them seems sparse for what they have to offer. Is there a reason for this?

Bisq from my understanding is not an Atomic Swap and is a useful tool, the 0 fees and 0 trust of Atomic Swaps are undeniably unbeatable.

*Edited* - simple formatting errors corrected

/u/monero_desk_support

1 points

8 months ago

1) Are all Atomic Swaps essentially doing the same thing? What others have you tried in relation to XMR.
Yes they do the same thing.
You can also checkout UnstoppableSwap.
Apart from that, there is an integration for the feather wallet, but I'm not sure if it's done.
BasicSwap and Unstoppableswap both got funds to get it to a more friendly stage.

> yet the information and discussion about them seems sparse for what they have to offer. Is there a reason for this?

The issue with atomic swap is that you need to ask the user to stay online during the trade to not risk funds. And that's a lot to ask for many. Also the protocol includes waiting multiples confirmations so you also need to be patient. That's the two big issues for atomic swap that will not get fixed even with beautiful UI.

> Bisq from my understanding is not an Atomic Swap and is a useful tool, the 0 fees and 0 trust of Atomic Swaps are undeniably unbeatable.

Check haveno-reto.com, a live network for a fork of Bisq based on xmr. Not atomic swap either but the network is 0 fee (arbitrators got donation and was at 0.5% fee before that).

/u/PantyRaced 📢

2 points

8 months ago

Thanks for the reply! I have been overthinking this for far too long; I realized I could have been buying XMR directly from a KYC exchanges & then sending to a private wallet and then to DNM this whole time. (Luckily I can do that where I live, for now)

hahah oh well. It doesn't hurt to learn these techniques, because soon enough DEX/Atomic Swaps may be the only way to get XMR if the governments keep on crackin down.

/u/xmr_nerd

1 points

8 months ago

BasicSwap works in principle but is really not at all usable by normal users (requires blockchain to be downloaded completely which takes up like 600gb minimum. It's a lot less safe (written in Python). Does not use Tor .Exposes your IP address. Does not have a lot of liquidity. They focus too much on small altcoins in my opinion.

UnstoppableSwap is better. Quite easy to use. Download the software, install it, enter your Monero receive address, deposit some Bitcoin and wait around 30-40minutes. Traffic is routed over Tor by default which hides your IP address. You don't even need Tails or Whonix. It's completely open-source and has been a thing for over 2 years now. You can swap anything between $40 - $80k.

https://unstoppableswap.net/
https://docs.unstoppableswap.net/getting_started/install_instructions

/u/nobodybobody

0 points

8 months ago

[removed]

/u/monero_desk_support

0 points

8 months ago

check what is basicSwap. It's not what you think. It is true atomic swap, not instant swap.