Damus
RogueHashrate · 25w
They aren't taking it out that's where they make their money, but yes I agree with you, I believe it can be toggled on and off though.
Privacy Is Dignity profile picture
My concern is that people not fully aware of it, will use Cake's swap and then get shotgun KYC'd.

Shotgun KYC is basically holding your money and privacy to ransom. One of the worst aspects of it.

Nobody should collaborate with this.

At the very least, there should be a large warning placed in the app before making any swap. There is no such warning, at least not on the desktop app I use.
mister_monster · 25w
Almost all wallets are integrating swaps to monetize their app. It started with coinomi and changelly, which somehow hasn't been charged with fraud yet. The only moble xmr wallet that I know of that doesnt have a swap service integrated is monfluo. I know some of these swap services do shotgun KYC...
Cake Wallet · 25w
in last 7 years I’ve heard of shotgun kyc happen like twice with cake users. Basically non-existent. We have a deal with our providers that if user refused kyc, the funds will be returned. But like i said its happened twice. Furthermore you can choose your provider in cake. All good questions...