Damus
Privacy Is Dignity profile picture
Privacy Is Dignity
@PrivacyIsDignity
Cake Wallet's swap feature is dangerous to use as long as they use KYC middlemen. You could lose:

(a) all your money

(b) all your privacy

even (c) both...

... if those middlemen deem your exchange "suspicious".

Those middlemen include:

ChangeNow
Exolix
LetsExchange
StealthEx

Pretty much all of them, basically.

Probably best not to use Cake Wallet for swaps, and rely on strictly no KYC swap platforms like EigenWallet, Bisq and Haveno.

Thoughts, @Cake Wallet ? Maybe take this feature out until safety from KYC is assured.
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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.
nostrich · 25w
CakeWallet could integrate with EigenWallet. It's just too profitable at the moment to not to.
ReyPelayo · 25w
I use bisq, it works flawlessly. Its just perfect. Yes, the fees are high sometimes if you take offers, but at least they don't lie
Ape Mithrandir · 25w
#KYCNotMe
Rotten · 25w
Take feature out, or remove the shotgun KYC, or outright KYC partners, keep it up and running? 🤔
Duvel · 25w
I wanted to try out Bisq, but it seems most people require you to identify. This seems to defeat the purpose of Bisq.
Cake Wallet · 25w
7 years with no problems.
Cake Wallet · 25w
You can choose what providers you want to in cake. But like I said above, 7 years and no problems so far