[List] Instant exchanges

[LeGaulois]

When compared to a swap from crypto to crypto, yes, but with Paypal, it's something different, it's a normal rate. If you search on LocalBitcoin for example you can easily find yourself with a rate twice as high.

Not bad I would say, I'd rather use such a website and pay a 10% rate than use LocalBitcoin, to pay 20% and have the risk to have a chargeback on top of that.

[1714541879]

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[1714541879]

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[1714541879]

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[OmegaStarScream]

When compared to a swap from crypto to crypto, yes, but with Paypal, it's something different, it's a normal rate. If you search on LocalBitcoin for example you can easily find yourself with a rate twice as high.

Not bad I would say, I'd rather use such a website and pay a 10% rate than use LocalBitcoin, to pay 20% and have the risk to have a chargeback on top of that.

Fair enough. The reason I didn't recommend it though is that I was comparing the rates to the ones I usually find here in the forum (1:1 or +5% tops) and not other platforms.
Has anyone tried Swapy.app before? I'd like to hear some of your thoughts about it. Also, do you guys think I should start adding platforms like UniSwap, Curve, etc. or should we stick with BTC exchanges?

[LoyceV]

This topic brought me here again. I needed for an instant exchange for Forkcoins a few times, but wouldn't know which one to trust. Simpleswap.io for instance has a low minimum amount, but their topic has mixed reviews.

It would be really great if you can add a (un)reliability rating to the list.

[DaveF]

When compared to a swap from crypto to crypto, yes, but with Paypal, it's something different, it's a normal rate. If you search on LocalBitcoin for example you can easily find yourself with a rate twice as high.

Not bad I would say, I'd rather use such a website and pay a 10% rate than use LocalBitcoin, to pay 20% and have the risk to have a chargeback on top of that.

Fair enough. The reason I didn't recommend it though is that I was comparing the rates to the ones I usually find here in the forum (1:1 or +5% tops) and not other platforms.
Has anyone tried Swapy.app before? I'd like to hear some of your thoughts about it. Also, do you guys think I should start adding platforms like UniSwap, Curve, etc. or should we stick with BTC exchanges?

Looked at Swapy.app for something and then foud this thread.
They have 6 coins 2 of which I never heard of. I don't think you are going to find many users.

Also, I would just keep to BTC exchanges, if you start to add every UniSwap type place it's going to become too cluttered. If you really want to do that I would put it in a separate post, probably in the Altcoins section since with most (all?) of them there is no way to get BTC. It's all ETH.

-Dave

[Bitcoin_Arena]

Name:  Coinswitch
Ann thread: https://bitcointalk.org/index.php?topic=2041972.0
KYC: No
Fees type: Fixed Rate
Supported coins: 426

Not sure what happened to coinswitch but I don't think it deserves to be on the list of instant exchanges anymore. The whole layout is now different. More like regular exchanges where you purchase or Bitcoin for fiat and vice versa. Like how coinbase.com operates.

I don't see the feature to instantly exchange crypto to crypto like it used to be.

[OmegaStarScream]

Not sure what happened to coinswitch but I don't think it deserves to be on the list of instant exchanges anymore. The whole layout is now different. More like regular exchanges where you purchase or Bitcoin for fiat and vice versa. Like how coinbase.com operates.

I don't see the feature to instantly exchange crypto to crypto like it used to be.

That's strange. It does appear that they're no longer offering that service but I can't find any official statements from the team. CoinSwitch Kuber (the fiat exchange) officially launched back in 2020[1] but at the time, the exchange aggregator was still running... I'll remove it from the list, thanks for letting me know.

[1] https://medium.com/coinswitch/coinswitch-kuber-is-officially-live-e4dbfc7d1d33

[Koenigswanderer]

Godex.io:
"Your deposit funds have been moved to our partner's cold storage where they will remain untouched until the verification process is passed. We sincerely hope for your understanding. "

Source: https://www.trustpilot.com/review/godex.io?stars=1

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Simpleswap.io:
"The fact is that in case of refusal to go through the KYC procedure, we need time for additional verification of the information from a third party, (who requested to suspend the transaction)"

Source: https://www.trustpilot.com/review/simpleswap.io?stars=1

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ChangeHero.io
"ChangeHero follows a risk-based KYC procedure. We ask you to complete a KYC procedure if our threat detection system flags your transaction."

Source:
https://changehero.io/

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Bity.com:
"Swiss regulated and AML compliant brokerage."

Source:
https://bity.com/products/cryptocurrency-exchange

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The informations are outdated. You should verify and update or delete this thread.

[LeGaulois]

@Koenigswanderer

We all know since the begining the sites listed in the original post can ask for identity verification when they want, as they please if their system detects something suspicious. But the main point is that you can make a swap without an account and without verifying your ID. Again, unless they detect something shady.
It's like joining Facebook: you don't have to provide personal documents but they can ask for it whenever they want if they detect something suspicious

The information isn't outdated, it's a matter to people to read the ToS before using any service

[Koenigswanderer]

Then he can change it like Flyp.me to No/depends instead of No.
I don't think that you can assume that everyone is reading the ToS before using the services.

And if you all know that then why is this information not shared before listing all services?
For me this is clearly false informations. Change it or make it explicit that they could ask for KYC.

That shouldn't be a hard task. Assuming that it's not done by purpose.

[LeGaulois]

Then he can change it like Flyp.me to No/depends instead of No

Probably, but that's because someone suggested adding it several months after the topic was created, and he only applied it to flyp.me.

I don't think that you can assume that everyone is reading the ToS before using the services.

But everyone should do this before using anything, it's a matter of responsibility and due diligence. We can't complain if we haven't read "a contract" before using it. It's like if you take out a loan at the bank, don't you read the terms?

And if you all know that then why is this information not shared before listing all services?

Because it's something usual that most of us are used to, it's something well-known (but apparently not enough). I was talking about it myself in the first page of this discussion.

For me this is clearly false informations. Change it or make it explicit that they could ask for KYC.

I wouldn't call it misinformation but rather a lack of information or an omission, idk.
And I can't change anything, this is not my topic

That shouldn't be a hard task. Assuming that it's not done by purpose.

no, and surely not

greetings!

[OmegaStarScream]

-snip-

I just added a warning to the OP.

[LeGaulois]

(sorry to bump the topic)

@OmegaStarScream

- flyp.me added the lightning network a couple of months ago https://hive.blog/bitcoin/@flypme/instant-crypto-exchange-flyp-me-adds-support-for-bitcoin-lightning-network

- Instaex.io is offline

- CoinSwitch has changed I believe. It's now an app for phones in which Indians can buy cryptos after the KYC (from what I understand)
in 2022 https://coinswitch.co/
in 2020 https://web.archive.org/web/20200818220309/https://coinswitch.co/

[BayAreaCoins]

freebitcoins.com/swap is updated to https://altquick.com/swap/

(no kyc, but only uses our exchange on https://altquick.com/)

[LoyceV]

https://altquick.com/swap/

It works well, even on Tor, but the exchange rate is quite bad.

(no kyc, but only uses our exchange on https://altquick.com/)

That's probably the reason for the bad exchange rate: the spread between Bid and Ask is very large for most coins.

[libert19]

I've been using simpleswap since i came across it 2 years ago on hive blog post, it works fine. Had issue couple times, support resolved them promptly. Amounts were usually around $300, you may get scammed if you are very rich idk

[OmegaStarScream]

Removed from the list:

- MorphToken (the site is live but you can't exchange).
- InstaEx (the site is down as mentioned above).
- Fox.exchange (they're no longer operational, but you can still contact the support if you need help with an existing order).

I can see that there are some new (instant exchanges) added to KycNotMe: https://kycnot.me/

Has anyone tried them? Some of them are only available in Tor.

[Bitcoin_Arena]

Not sure what happened to coinswitch but I don't think it deserves to be on the list of instant exchanges anymore. The whole layout is now different. More like regular exchanges where you purchase or Bitcoin for fiat and vice versa. Like how coinbase.com operates.

I don't see the feature to instantly exchange crypto to crypto like it used to be.

That's strange. It does appear that they're no longer offering that service but I can't find any official statements from the team. CoinSwitch Kuber (the fiat exchange) officially launched back in 2020[1] but at the time, the exchange aggregator was still running... I'll remove it from the list, thanks for letting me know.

[1] https://medium.com/coinswitch/coinswitch-kuber-is-officially-live-e4dbfc7d1d33

You forgot to remove coinswitch from the list mate 

Now they are even geo-blocking users. Is anyone else able to access it or does anyone know from which particular jurisdiction they are accepting clients?

[Potato Chips]

You forgot to remove coinswitch from the list mate  
Now they are even geo-blocking users. Is anyone else able to access it or does anyone know from which particular jurisdiction they are accepting clients?

According from their terms of service, they only service people from India but you can probably access the website from other countries as I used a Singapore IP for this lol.

2. User Registration

2.1 Before You register on the Platform by creating an User’s account with the Platform (“User’s Platform Account”) or use the Platform or Services at any time and from time to time, You represent and warrant that you...  

...(d) are an Indian citizen, as contemplated under the Citizenship Act, 1955, (e) are a person resident in India, as contemplated under the Foreign Exchange Management Act, 1999, and (f) are physically situated in India at all times during which you use the Platform or Services (together, the “Eligibility Criteria”). If You do not meet the Eligibility Criteria, You shall not register on or use the Platform or Services.

In case anyone is wondering, KYC is ofc mandatory.

Once you’ve registered via a 5 minute KYC process, you can start trading 100+ coins with no lock-in period. You can start with as little as ₹100.

[Bitcoin_Arena]

>>snip<<

That makes sense now. I wasn't able to see any TOS as they would even allow me to see the homepage of their platform

What I am curious about is if they still offer the instant exchange feature. The last time I check them, it seems they had changed the way they operate things to just buying and selling crypto for fiat. Is it still the case?

[Potato Chips]

>>snip<<

That makes sense now. I wasn't able to see any TOS as they would even allow me to see the homepage of their platform

What I am curious about is if they still offer the instant exchange feature. The last time I check them, it seems they had changed the way they operate things to just buying and selling crypto for fiat. Is it still the case?

There is no trace of an instant exchange on the website.

Everything is about their new product which is basically a diet coinbase - you have an app for easy buy and sell and a pro version on the web for those wanting a trading terminal. On the pro version and from the screenshots available on their website, every trading pair is with fiat.

I haven't had the chance to look into their app as I probably have to KYC in order to access it and there seems to be no support articles about it on their website either but I expect it to be more or less the same. Further, If they do ever offer crypto swaps in there, it wouldn't fit into the instant exchanges category since you have to do the tedious steps of making an account, deposing into your wallet first, etc... instant exchanges removed as a selling point.