🔸 SageSwap.io - Fast Crypto Swap 🔸 Escrow $2000 🔸 NO KYC/AML!

[irfan_pak10]

Tried the platform for conversion of USDT ERC20 to USDC BSC, everything went very well, took a min a two to complete this transaction.

[SageSwap]

Tried the platform for conversion of USDT ERC20 to USDC BSC, everything went very well, took a min a two to complete this transaction.

Nice!

[qidafei]

I'm not here to bother anyone. I'm a newbie, and a friend of mine has had his USDT funds frozen by Tether, but he doesn't know why. Is there any way to resolve this situation? I hope someone with experience can help me figure out what caused this to happen so I can avoid making the same mistake in the future.  The account has approximately 300k funds frozen, but upon inspection, I only appear to see $1776 in problematic fundshttp://

TAqoApCjRMhTHdCzssEX5AfjCe4Knm4dbD adress

How can we help you, friend? USDT probably doesn't come from us, so it may be difficult, as Tether never unfreezes wallets that have already been frozen.

Our advice is not to use USDT, but rather DAI.

yes, you’re right. I just wanted to ask for some experience and advice because I’m not an expert. Many members here have much more experience than I do.

As for USDT and USD, I’ve heard that if you store them in certain wallets, they can indeed be frozen. I looked into it before and learned that you can exchange them for LUSD and keep it in your wallet instead. Supposedly, LUSD can never be frozen and it maintains the same value as the U.S. dollar.

Is that true? I just want to learn more and gain some experience.   LUSD is a fully convertible stablecoin pegged to the US dollar and issued by Liquity Protocol. Liquity is a decentralized lending protocol.

[TryNinja]

yes, you’re right. I just wanted to ask for some experience and advice because I’m not an expert. Many members here have much more experience than I do.

As for USDT and USD, I’ve heard that if you store them in certain wallets, they can indeed be frozen. I looked into it before and learned that you can exchange them for LUSD and keep it in your wallet instead. Supposedly, LUSD can never be frozen and it maintains the same value as the U.S. dollar.

Is that true? I just want to learn more and gain some experience.   LUSD is a fully convertible stablecoin pegged to the US dollar and issued by Liquity Protocol. Liquity is a decentralized lending protocol.

Every native USDT can be frozen (meaning, every USDT issued by Tether). It's a matter of calling a function on their smart contract, and they have done that to over $3 billion.

If you don't want that risk, you should do like SageSwap said and hold DAI. It has no freeze function on the smart contract, and even though it is partially backed by USDC (which can also be frozen), Circle/Coinbase would never freeze the entire DAI protocol because someone has $1000 in there.

LUSD also doesn't have a blacklist function on the smart contract, so no such risk.

[SageSwap]

I'm not here to bother anyone. I'm a newbie, and a friend of mine has had his USDT funds frozen by Tether, but he doesn't know why. Is there any way to resolve this situation? I hope someone with experience can help me figure out what caused this to happen so I can avoid making the same mistake in the future.  The account has approximately 300k funds frozen, but upon inspection, I only appear to see $1776 in problematic funds

TAqoApCjRMhTHdCzssEX5AfjCe4Knm4dbD adress

How can we help you, friend? USDT probably doesn't come from us, so it may be difficult, as Tether never unfreezes wallets that have already been frozen.

Our advice is not to use USDT, but rather DAI.

yes, you’re right. I just wanted to ask for some experience and advice because I’m not an expert. Many members here have much more experience than I do.

As for USDT and USD, I’ve heard that if you store them in certain wallets, they can indeed be frozen. I looked into it before and learned that you can exchange them for LUSD and keep it in your wallet instead. Supposedly, LUSD can never be frozen and it maintains the same value as the U.S. dollar.

Is that true? I just want to learn more and gain some experience.   LUSD is a fully convertible stablecoin pegged to the US dollar and issued by Liquity Protocol. Liquity is a decentralized lending protocol.

If the money has not actually been stolen, submit ticket at cs.tether.to and wait for a response.

If you receive a response, contact a lawyer in your country who deals with such matters and take legal action.

[Pmalek]

As for USDT and USD, I’ve heard that if you store them in certain wallets, they can indeed be frozen. I looked into it before and learned that you can exchange them for LUSD and keep it in your wallet instead. Supposedly, LUSD can never be frozen and it maintains the same value as the U.S. dollar.

Is that true? I just want to learn more and gain some experience.   LUSD is a fully convertible stablecoin pegged to the US dollar and issued by Liquity Protocol. Liquity is a decentralized lending protocol.

Tether's USDT can be frozen regardless how and where you keep the tokens. The issuer has a freezing option. That's just part of the protocol. USDT can be frozen on an exchange, your mobile wallet, an open-source desktop wallet, or the most secure hardware wallet.

As the SageSwap representative said, if you want to hold a stablecoin where a centralized issuing party doesn't have such a freezing option, then try DAI. It's not as widely used and accepted as USDT/USDC, but you will find plenty of trading pairs with it. If you live in the EU, you might not be able to use DAI at your exchange of choice. It's probably banned due to not being compliant with MICA regulations. If you reside outside of the EU, who cares what the EU thinks.

LUSD probably has an even lower acceptance rate than the rest of the stablecoins. Liquidity is a federation, more decentralized than the one shot-caller rules we have in popular stalecoins.

[SamReomo]

LUSD probably has an even lower acceptance rate than the rest of the stablecoins. Liquidity is a federation, more decentralized than the one shot-caller rules we have in popular stalecoins.

I believe it's better to go for Dai option than choosing LUSD as Dai is still accepted on many platforms and its liquidity is also higher than LUSD. Both of those are better when we compare those to USDT, but people often use or prefer USDT because it's accepted everywhere. I also use USDT for trading at centralized exchanges and to be honest, I've not yet faced any issue with it. However, I would never withdraw funds in form of USDT because for me Bitcoin works better than others.

[UmerIdrees]

I converted USDT Ethereum to DAI stable coin at SageSwap.io and it was a very good experience. The process was easy and smooth and it hardly took around 5 miuntes or maybe less to complete that transation and recived Dai in my wallet.  





Transaction ID: d562fa5d-788f-42e8-9eba-82c59000467b

[Pmalek]

I believe it's better to go for Dai option than choosing LUSD as Dai is still accepted on many platforms and its liquidity is also higher than LUSD. Both of those are better when we compare those to USDT, but people often use or prefer USDT because it's accepted everywhere. I also use USDT for trading at centralized exchanges and to be honest, I've not yet faced any issue with it. However, I would never withdraw funds in form of USDT because for me Bitcoin works better than others.

USDT is the most battle-tested. Let's call it that. It remains the most popular option worldwide. But like I said previously. If you still have access to USDT, DAI and some other non-compliant stablecoins (according to EU regulators) on the CEXs you use, that means you are not residing in the European Union. EU citizens can't use either of the two on CEXs. Unless it's a smaller exchange or the CEX doesn't care, of course. USDC is the most popular EU-compliant stablecoin. 

[qidafei]

I believe it's better to go for Dai option than choosing LUSD as Dai is still accepted on many platforms and its liquidity is also higher than LUSD. Both of those are better when we compare those to USDT, but people often use or prefer USDT because it's accepted everywhere. I also use USDT for trading at centralized exchanges and to be honest, I've not yet faced any issue with it. However, I would never withdraw funds in form of USDT because for me Bitcoin works better than others.

USDT is the most battle-tested. Let's call it that. It remains the most popular option worldwide. But like I said previously. If you still have access to USDT, DAI and some other non-compliant stablecoins (according to EU regulators) on the CEXs you use, that means you are not residing in the European Union. EU citizens can't use either of the two on CEXs. Unless it's a smaller exchange or the CEX doesn't care, of course. USDC is the most popular EU-compliant stablecoin. 

Thank you everyone for sharing — I’ve learned a lot. I also looked into DAI. It seems much better than LUSD, because on many apps you can purchase DAI directly.

Now I’m thinking about something: if I use SageSwap.io to exchange my Bitcoin for DAI and then deposit it into my centralized exchange (CEX), is there a risk that my account could be frozen?

From what I previously understood, whether you receive ETH or Bitcoin, there is always a chance of receiving tokens that have been flagged — for example, high-risk or tainted tokens. That could potentially lead to an account being frozen.

I’ve never used DAI before, so I’d like to understand the situation better.

[NotATether]

Now I’m thinking about something: if I use SageSwap.io to exchange my Bitcoin for DAI and then deposit it into my centralized exchange (CEX), is there a risk that my account could be frozen?

From what I previously understood, whether you receive ETH or Bitcoin, there is always a chance of receiving tokens that have been flagged — for example, high-risk or tainted tokens. That could potentially lead to an account being frozen.

I’ve never used DAI before, so I’d like to understand the situation better.

No matter what token or coin you are depositing, there is always a risk that an exchange will freeze your account during the due-diligence process. It's just the token itself that can't get frozen no matter what. But that would be kind of useless for you at that point without the account.

Check the AML score of any address before you send funds to an exchange. Unfortunately, I don't know any DAI checkers.

[kawetsriyanto]

Tried the platform for conversion of USDT ERC20 to USDC BSC, everything went very well, took a min a two to complete this transaction.

Great!! You prove it, everything seems to be running smoothly.. 

I just wanted to ask for some experience and advice because I’m not an expert. Many members here have much more experience than I do.

If you want to learn from other experience, you can check the previous transactions done by the members here. However, it will be better that you have your own experience. My advice, you should start with small number first! Then, you can increase the number of USDT.

Have you visited sageswap.io and read the FAQ?
Some basic information, you can find out in FAQ. 

[Pmalek]

Now I’m thinking about something: if I use SageSwap.io to exchange my Bitcoin for DAI and then deposit it into my centralized exchange (CEX), is there a risk that my account could be frozen?

Theoretically, yes. There is a risk. Any CEX can freeze any crypto that is in their possession if there is something they don't like about them or you. That's what custody of money allows you to do. I can't do anything to the bitcoin that is in your wallet right now because I don't have the private keys to spend them. That changes the moment you send your bitcoin to me. Control and custody has changed. I would then have the mechanisms to do with your coins as I please. Any custodial service could.

That doesn't mean every exchange will do it. It just means that it's technically possible and worth remembering. Not every person becomes a scammer if given the opportunity, but some do if the opportunity arises.

[SageSwap]

I believe it's better to go for Dai option than choosing LUSD as Dai is still accepted on many platforms and its liquidity is also higher than LUSD. Both of those are better when we compare those to USDT, but people often use or prefer USDT because it's accepted everywhere. I also use USDT for trading at centralized exchanges and to be honest, I've not yet faced any issue with it. However, I would never withdraw funds in form of USDT because for me Bitcoin works better than others.

USDT is the most battle-tested. Let's call it that. It remains the most popular option worldwide. But like I said previously. If you still have access to USDT, DAI and some other non-compliant stablecoins (according to EU regulators) on the CEXs you use, that means you are not residing in the European Union. EU citizens can't use either of the two on CEXs. Unless it's a smaller exchange or the CEX doesn't care, of course. USDC is the most popular EU-compliant stablecoin. 

Now I’m thinking about something: if I use SageSwap.io to exchange my Bitcoin for DAI and then deposit it into my centralized exchange (CEX), is there a risk that my account could be frozen?

From what I previously understood, whether you receive ETH or Bitcoin, there is always a chance of receiving tokens that have been flagged — for example, high-risk or tainted tokens. That could potentially lead to an account being frozen.

I’ve never used DAI before, so I’d like to understand the situation better.

Centralized exchanges can freeze any of your coins, regardless of whether they are USDT, DAI or BTC.

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

If you exchange Bitcoin > DAI with us, there is no chance that your funds will be frozen, because they will not be linked to any theft or anything like that. The only option is that your account will be frozen for another reason like suspicion of money laundering.

[bitmover]

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

If you exchange Bitcoin > DAI with us, there is no chance that your funds will be frozen, because they will not be linked to any theft or anything like that. The only option is that your account will be frozen for another reason like suspicion of money laundering.

Cex also say they will only freeze user funds when they are suspicious about money laundering.

This is very subjective,  and many innocent uses have had their account frozen and funds taken hostage for this suspicious.

I certainly wouldn't like to have my funds frozen because I sent funds that I received from a mixer or other exchnage without KYC and your system marked them as suspicious.. what would happen in this case?

Cant you just return the money back to the user in this case?

[SageSwap]

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

If you exchange Bitcoin > DAI with us, there is no chance that your funds will be frozen, because they will not be linked to any theft or anything like that. The only option is that your account will be frozen for another reason like suspicion of money laundering.

Cex also say they will only freeze user funds when they are suspicious about money laundering.

This is very subjective,  and many innocent uses have had their account frozen and funds taken hostage for this suspicious.

I certainly wouldn't like to have my funds frozen because I sent funds that I received from a mixer or other exchnage without KYC and your system marked them as suspicious.. what would happen in this case?

Cant you just return the money back to the user in this case?

I don't understand what you're asking me. We never freeze money, and when there is a large AML score, we process transactions for a additional fee or just do a refund.

[SamReomo]

Centralized exchanges can freeze any of your coins, regardless of whether they are USDT, DAI or BTC.

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

Yes, that's the problem with centralized exchanges, they can freeze someone's funds even if those funds are BTC or any other coin present at centralized exchanges.

Non-custodial personal wallets are mandatory for everyone who wants to be free from the traps of the centralized system. For Bitcoin Electrum is the best wallet so far, I've been using it myself for many years and so far I've faced no issues with it.

[Pmalek]

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

There aren't that many quality multi-coin software wallets that tick the important boxes, such as non-custodial and open-source. Exodus wallet only ticks one of them. Regardless, I have never felt like this is a good wallet. Every now and then, stories have pooped up involving mysterious "hacks" and the disappearance of funds from Exodus. I wouldn't want to use it. Cake Wallet and Unstoppable Wallet are perhaps a better pair of software wallets for multi-coin holders. 

[UmerIdrees]

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

There aren't that many quality multi-coin software wallets that tick the important boxes, such as non-custodial and open-source. Exodus wallet only ticks one of them. Regardless, I have never felt like this is a good wallet. Every now and then, stories have pooped up involving mysterious "hacks" and the disappearance of funds from Exodus. I wouldn't want to use it. Cake Wallet and Unstoppable Wallet are perhaps a better pair of software wallets for multi-coin holders.  

But still even if we use cake wallet or unstoppable wallet, our USD Tether can still be frozen, true ? I think it is by design that tether can freeze USDT from any wallet or exchange, i don't know why people still trust them too much. By trusting i mean look at the marketcap of the USDT and Dai, people still hesitent to put the funds in DAI, i wonder why  

[qidafei]

To ensure that they are never frozen, you must use non-custodial wallets such as Cake Wallet or Exodus.

There aren't that many quality multi-coin software wallets that tick the important boxes, such as non-custodial and open-source. Exodus wallet only ticks one of them. Regardless, I have never felt like this is a good wallet. Every now and then, stories have pooped up involving mysterious "hacks" and the disappearance of funds from Exodus. I wouldn't want to use it. Cake Wallet and Unstoppable Wallet are perhaps a better pair of software wallets for multi-coin holders. 

Usually, I mostly use Trust Wallet. Does this also count as a non-custodial wallet?

I know Cake Wallet — I’ve used it before. When I stored my XRM, I used Cake Wallet.