[REVIEW] Trêvoid's swap service

[apogio]

Service in review: Trêvoid's swap service

Disclaimers:
1. Everything you read below is no financial advice.
2. Everything you read below is my personal experience only and I face no consequences if your experience is not like mine.
3. I have used the service several times in the past 2 months.

How I found them
After eXch's official shutdown, I started looking for alternatives.
Luckily there are various websites that congregate privacy-focused options.
I don't exactly remember why, but I tried Godex, and it was a huge disaster for me.
So, after being sad and angry, I made a post in the Currency Exchange section, to exchange some XMR for BTC.
Trêvoid responded and this was our first deal.
We have conducted several deals ever since.

My experience with them
How it works:
I have tried exchanging 3 cryptocurrencies (XMR, ETH and BTC).
The way it worked was that I was contacting Trêvoid on the forum via PM, or in their SimpleX chat.
I was only telling them what currency I had, what currency I needed and how much I wanted to exchange.
Then, it took approximately 5 minutes to finish the swap.

What I like:
1. Trêvoid claims to be no-kyc. Well, it's absolutely true. I was never asked for any information, apart from my receiving address.
2. The speed and smoothness of the deals is outstanding. Literally, you just swap and leave.
3. Trêvoid provides a letter of guarantee!
4. Trêvoid is listed on kycnot.me.
5. Trêvoid supports monero.
6. The terms of service listed in their ANN is everything I am looking for.

Room for improvement:
1. The community needs to grow. In fact, Trêvoid's service has grown organically so far, which is good. It needs some more time and effort to become properly established.
2. The fee is flat at 5%. I would love to see a more flexible fee schema. Something more variable, depending on the coin etc. But to be fair, I accept paying 5% for my privacy!
3. I would definitely like to see Lightning support as well.

[Trêvoid]

Hello dear apogio

Thanks again for taking the time to write this up. For me it’s always valuable from the community to hear honest, firsthand feedbacks. I’m glad to hear it’s been smooth, private, and reliable for you. I appreciate your suggestions and I’ll keep those in mind for future updates.

Wishing you all the best and safe swapping!
Trêvoid

[examplens]

The closure of eXch is a great loss for the true crypto community, but it certainly opens up space for new opportunities.

My experience with them
How it works:
I have tried exchanging 3 cryptocurrencies (XMR, ETH and BTC).
The way it worked was that I was contacting Trêvoid on the forum via PM, or in their SimpleX chat.
I was only telling them what currency I had, what currency I needed and how much I wanted to exchange.
Then, it took approximately 5 minutes to finish the swap.

If I understood correctly (I'm a little lazy to research it myself), it's a p2p swap? For each exchange, is direct communication with the seller necessary?
I have nothing against this method, but it can be tedious if it offers a high level of availability.

[nonlogs]

The closure of eXch is a great loss for the true crypto community, but it certainly opens up space for new opportunities.

My experience with them
How it works:
I have tried exchanging 3 cryptocurrencies (XMR, ETH and BTC).
The way it worked was that I was contacting Trêvoid on the forum via PM, or in their SimpleX chat.
I was only telling them what currency I had, what currency I needed and how much I wanted to exchange.
Then, it took approximately 5 minutes to finish the swap.

If I understood correctly (I'm a little lazy to research it myself), it's a p2p swap? For each exchange, is direct communication with the seller necessary?
I have nothing against this method, but it can be tedious if it offers a high level of availability.

I'm building something close to eXch.cx i will be rolling it out soon.

[Trêvoid]

The closure of eXch is a great loss for the true crypto community, but it certainly opens up space for new opportunities.

My experience with them
How it works:
I have tried exchanging 3 cryptocurrencies (XMR, ETH and BTC).
The way it worked was that I was contacting Trêvoid on the forum via PM, or in their SimpleX chat.
I was only telling them what currency I had, what currency I needed and how much I wanted to exchange.
Then, it took approximately 5 minutes to finish the swap.

If I understood correctly (I'm a little lazy to research it myself), it's a p2p swap? For each exchange, is direct communication with the seller necessary?
I have nothing against this method, but it can be tedious if it offers a high level of availability.

Hello @examplens yes, you understood it right. it’s basically a peer-to-peer (p2p) swap.

[hugeblack]

Hello @examplens yes, you understood it right. it’s basically a peer-to-peer (p2p) swap.

Do you have the ability to exchange BTC to USDT, and what are the fees?
Do you have your own liquidity or use exchanges in the background?
Can you go first with trusted members?

[nonlogs]

Hello @examplens yes, you understood it right. it’s basically a peer-to-peer (p2p) swap.

Do you have the ability to exchange BTC to USDT, and what are the fees?
Do you have your own liquidity or use exchanges in the background?
Can you go first with trusted members?

I think he charges 5%, and I see positive reviews from https://kycnot.me/service/trevoid-crypto-swaps?showPending=true&sort=upvotes#comments, and you need to pay first.

I think in most of the exchanges, you need to deposit first before making any swap.

[Zwei]

Room for improvement:
...
2. The fee is flat at 5%. I would love to see a more flexible fee schema. Something more variable, depending on the coin etc. But to be fair, I accept paying 5% for my privacy!
...

5% is not bad for BTC > XMR, eXch was charging the same if i remember right. hopefully once Trêvoid starts getting more volume, he would consider lowering the fee for other pairs to be more competitive.

Do you have the ability to exchange BTC to USDT, and what are the fees?

he doesn't offer stablecoins swaps as far as i know.

I think in most of the exchanges, you need to deposit first before making any swap.

yeah, but this is a p2p manual swap done over chat, not an automated service. so the 2 parties involved have to agree on who go first.

[Trêvoid]

Hello @examplens yes, you understood it right. it’s basically a peer-to-peer (p2p) swap.

Do you have the ability to exchange BTC to USDT, and what are the fees?
Do you have your own liquidity or use exchanges in the background?
Can you go first with trusted members?

Hello @hugeblack, thanks for your interest in our service!

We charge a standard 5% fee per swap, it can vary depending on the deal size.

For USDT, it depends on the amount. I don’t usually offer a lot, but in the past, some of my long-term clients have asked for it, and I’ve helped them out from time to time.

I maintain my own crypto stock. That means I provide my own liquidity and don’t use any centralized exchanges.

Please get in touch with me on SimpleX so we can discuss further!

[apogio]

5% is not bad for BTC > XMR, eXch was charging the same if i remember right. hopefully once Trêvoid starts getting more volume, he would consider lowering the fee for other pairs to be more competitive.

Yeah 5% is not bad indeed. But depending on the coin, it could be variable. For example, I suppose 5% is reasonable for XMR, but is relatively high for ETH.

If I understood correctly (I'm a little lazy to research it myself), it's a p2p swap? For each exchange, is direct communication with the seller necessary?
I have nothing against this method, but it can be tedious if it offers a high level of availability.

It works exactly like this. It's essentially like conducting a deal with someone in the forum's Currency Exchange section. It's good in my opinion. It maintains high levels of privacy.