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Q&A Sessions - What are simple swaps?

EPISODE · Aug 19, 2023 · 3 MIN

Q&A Sessions - What are simple swaps?

from Cypherpunk Times · host Cypherpunk Times

Simple swaps are a great way of buying or selling small amounts of crypto, as they are super flexible, mobile-friendly, crazy simple to use and have a large array of coins that can be swapped between. The main downside with simple swaps is their custodial nature, meaning that a middleman takes control of your funds to complete the exchange between coins. You should be aware of this risk, as it could lead to loss of funds. Simple Swaps are not the same as AtomicSwaps. AtomicSwaps, as in the case of DCRDEX, are completed fully peer to peer and do not require any middlemen or third-party services. Find out more about DCRDEX at dex.decred.org

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Q&A Sessions - What are simple swaps?

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