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

[cLoazyL]

Does any other crypto exchange provide any information about blocking? When my friend's account was blocked, he answered questions, and the exchange referred to its terms of service.

Ideally, there should be TOS. It is like a guidance for using the service on the exchange. Even there is no specific TOS, this must be written in the article on the exchange. They must have a certain page for announcements, news, or important information.

In a services like this exchange that don't required KYC, what does the reason of being blocked?  I mean what's the common reason?
That's right, it has been clearly stated on ToS or even in FAQ, but I'm confused about blocking your account as posted above.

The best terms that I liked on SageSwap.

Q: What if I don't know whether my coins are high risk?

A: If you don't know or are undecided, you can use Standard swap mode. If we detect big AML score or strange connections, we will give you information to contact support. After contacting support, you will have to confirm that you agree to an additional fee for processing the transaction. If you do not agree, you will receive a refund to the provided address.

There's no reason an exchange should seize, freeze, or even hold money just because it's flagged or detected in a large AML alert, they have no right to do so unless law enforcement tells them to, IMO.

That’s not seizing your money (they don’t take ownership) it’s a compliance hold to prevent the platform from being used for money laundering, sanctions evasion, or other financial crime. Their internal monitoring tools detect tainted coins, mixer flows, darknet links, etc., and policy lets them act immediately in their sole discretion to avoid massive fines and license loss (they’ve already been hit with tens of millions in AML penalties in the US and UK)

sageswap and similar services most likely don’t have any proper legal licenses, and they may not even be officially registered in any country. That’s why they don’t have to require KYC, run AML checks, or seize money

[examplens]

sageswap and similar services most likely don’t have any proper legal licenses, and they may not even be officially registered in any country. That’s why they don’t have to require KYC, run AML checks, or seize money

idk, but I would say that Sageswap cannot be a problem here, given that they never require KYC or freeze user funds. More of a problem are services that mill funds, require KYC, all without any proof of a similar request from the authorities. Many of them arbitrarily lock the user's coins, it seems like an organized scam under the guise of legality.

[kawetsriyanto]

In a services like this exchange that don't required KYC, what does the reason of being blocked?  I mean what's the common reason?
That's right, it has been clearly stated on ToS or even in FAQ, but I'm confused about blocking your account as posted above.

I just responded to his case, I don't really know it since I never experienced the case. I only ever have a case of suspended deposit because of it is suspected from mixer services or from excluded sources. In my case, it requires manual check to avoid money laundry or illegal cash flow. However, it didn't end up with blocking accounts or the like.

Sure, it must be described on TOS. The team must have anticipated all possibilities, including blocking cases. Well, this must be very serious cases.

There's no reason an exchange should seize, freeze, or even hold money just because it's flagged or detected in a large AML alert, they have no right to do so unless law enforcement tells them to, IMO.

This will depend on the rules (TOS) on the exchange itself. That's why it is very necessary to understand it before we use the service. But I am very sure it will never happen in SageSwap. 

[Daniel91]

Does any other crypto exchange provide any information about blocking? When my friend's account was blocked, he answered questions, and the exchange referred to its terms of service.

Ideally, there should be TOS. It is like a guidance for using the service on the exchange. Even there is no specific TOS, this must be written in the article on the exchange. They must have a certain page for announcements, news, or important information.

In a services like this exchange that don't required KYC, what does the reason of being blocked?  I mean what's the common reason?
That's right, it has been clearly stated on ToS or even in FAQ, but I'm confused about blocking your account as posted above.

The best terms that I liked on SageSwap.

Q: What if I don't know whether my coins are high risk?

A: If you don't know or are undecided, you can use Standard swap mode. If we detect big AML score or strange connections, we will give you information to contact support. After contacting support, you will have to confirm that you agree to an additional fee for processing the transaction. If you do not agree, you will receive a refund to the provided address.

There's no reason an exchange should seize, freeze, or even hold money just because it's flagged or detected in a large AML alert, they have no right to do so unless law enforcement tells them to, IMO.

That’s not seizing your money (they don’t take ownership) it’s a compliance hold to prevent the platform from being used for money laundering, sanctions evasion, or other financial crime. Their internal monitoring tools detect tainted coins, mixer flows, darknet links, etc., and policy lets them act immediately in their sole discretion to avoid massive fines and license loss (they’ve already been hit with tens of millions in AML penalties in the US and UK)

sageswap and similar services most likely don’t have any proper legal licenses, and they may not even be officially registered in any country. That’s why they don’t have to require KYC, run AML checks, or seize money

I don't think there's any need to comment or speculate about things we don't know about such as the legal status and registration of sageswap.
The most important thing for users is that they have the security of anonymity and privacy and that the requested service will be provided quickly and efficiently.
Honestly, in many countries it's very complicated to report crypto earnings and pay taxes, mostly because the tax authorities ask for information about all transactions, payments and withdrawals, which many of us don't have.
Until such a situation changes, users will look for alternative ways to transfer their crypto assets, and sageswap offers exactly what many users are looking for.

[SageSwap]

Does any other crypto exchange provide any information about blocking? When my friend's account was blocked, he answered questions, and the exchange referred to its terms of service.

Ideally, there should be TOS. It is like a guidance for using the service on the exchange. Even there is no specific TOS, this must be written in the article on the exchange. They must have a certain page for announcements, news, or important information.

In a services like this exchange that don't required KYC, what does the reason of being blocked?  I mean what's the common reason?
That's right, it has been clearly stated on ToS or even in FAQ, but I'm confused about blocking your account as posted above.

The best terms that I liked on SageSwap.

Q: What if I don't know whether my coins are high risk?

A: If you don't know or are undecided, you can use Standard swap mode. If we detect big AML score or strange connections, we will give you information to contact support. After contacting support, you will have to confirm that you agree to an additional fee for processing the transaction. If you do not agree, you will receive a refund to the provided address.

There's no reason an exchange should seize, freeze, or even hold money just because it's flagged or detected in a large AML alert, they have no right to do so unless law enforcement tells them to, IMO.

sageswap and similar services most likely don’t have any proper legal licenses, and they may not even be officially registered in any country. That’s why they don’t have to require KYC, run AML checks, or seize money

When it comes to KYC, you're wrong, there are jurisdictions that allow it, but when it comes to AML, you're right.

[FP91G]

I wouldn't even discuss this issue because it's not that important right now. I don't think any users will go to court to resolve disputes. The service works well, and that's the most important thing.
I hope you've hidden your servers well so that law enforcement doesn't have access to them.

[examplens]

I wouldn't even discuss this issue because it's not that important right now. I don't think any users will go to court to resolve disputes. The service works well, and that's the most important thing.
I hope you've hidden your servers well so that law enforcement doesn't have access to them.

In fact, it is a very sensitive territory.
We all like complete anonymity and exchanges that offer this always have an additional plus. It may be a bit hypocritical to demand that the exchange owner disclose information about himself while we expect ourselves, as users, to remain anonymous. The same thing is in the other direction, where the owners of exchanges insist on their anonymity while at the same time demanding KYC from their users.

[hugeblack]

I wouldn't even discuss this issue because it's not that important right now. I don't think any users will go to court to resolve disputes. The service works well, and that's the most important thing.
I hope you've hidden your servers well so that law enforcement doesn't have access to them.

law enforcement agencies always prefer "cooperation" over taking action, as shutting down such services may require investigations that extend for more than a year^[1]. Therefore, unless the platform handles millions of dollars and becomes famous enough, it will be safe.


[1] Chipmixer and eXch are a good example of that.

[FP91G]

You're right to mention Chipmixer and eXch. But even the government's shutdown of these services hasn't changed anything. In my opinion, even more similar services have emerged, and they'll work even harder on their security.

Is there a better chance of hiding on the darknet if you don't use clearnet sites?

[joniboini]

I'm also surprised by how many new instant exchange launches have occurred in the last few months. Coincidentally, it's near the time when this forum no longer allows mixer promotion (if my memory is right). I guess the demand is just that high that some owners think they can absorb the volumes from previous services.

Most of these new services suffer the same attacks, too, as far as I'm aware. I wonder if the attackers are the same or not.

[examplens]

I'm also surprised by how many new instant exchange launches have occurred in the last few months. Coincidentally, it's near the time when this forum no longer allows mixer promotion (if my memory is right). I guess the demand is just that high that some owners think they can absorb the volumes from previous services.

Most of these new services suffer the same attacks, too, as far as I'm aware. I wonder if the attackers are the same or not.

The increase in new instant exchanges has nothing to do with mixers or the ban on promoting them here.

It happens that the growth of industrial branches is at stake. Some bigger players have adapted and created a simple model for resellers. A domain and hosting are enough, and you can start your business, you don't even need any technical knowledge (and not even initial capital) to start your own instant exchange.
If you look only at those who operate with their own liquidity funds and at real no-KYCs (like Sageswap), you will see that there aren't too many of them.

[Coyster]

I'm also surprised by how many new instant exchange launches have occurred in the last few months.

Amongst those that have launched, not so many of them are worth using you'd agree. It is common to see new instant exchanges launch in the forum and some of them operate in the same pattern, like they are run by the same people/team, and they look very shady. Such exchanges never get going and only unsuspecting users fall for them.

Most of these new services suffer the same attacks, too, as far as I'm aware. I wonder if the attackers are the same or not.

What attacks are you talking about?

[hugeblack]

I'm also surprised by how many new instant exchange launches have occurred in the last few months. Coincidentally, it's near the time when this forum no longer allows mixer promotion (if my memory is right). I guess the demand is just that high that some owners think they can absorb the volumes from previous services.

I think the reason is that they have nowhere else to go. For example, although the ALTT forum is relatively unknown, mixer campaigns have been advertising there for over two years. The same thing will happen with Instant Exchange, or rather, NoKYC Exchange, since I don't recall many Instant Exchanges advertising there.

[cLoazyL]

I'm also surprised by how many new instant exchange launches have occurred in the last few months. Coincidentally, it's near the time when this forum no longer allows mixer promotion (if my memory is right). I guess the demand is just that high that some owners think they can absorb the volumes from previous services.

Most of these new services suffer the same attacks, too, as far as I'm aware. I wonder if the attackers are the same or not.

Most of these are just Ukrainian/Russian shits run by the same group of people who keep exit scamming every few months. They’re nearly all copies of the same template, almost never have real liquidity of their own, and bring literally nothing new to the table

[bitmover]

I'm also surprised by how many new instant exchange launches have occurred in the last few months. Coincidentally, it's near the time when this forum no longer allows mixer promotion (if my memory is right). I guess the demand is just that high that some owners think they can absorb the volumes from previous services.

Most of these new services suffer the same attacks, too, as far as I'm aware. I wonder if the attackers are the same or not.

The increase in new instant exchanges has nothing to do with mixers or the ban on promoting them here.

It happens that the growth of industrial branches is at stake. Some bigger players have adapted and created a simple model for resellers. A domain and hosting are enough, and you can start your business, you don't even need any technical knowledge (and not even initial capital) to start your own instant exchange.
If you look only at those who operate with their own liquidity funds and at real no-KYCs (like Sageswap), you will see that there aren't too many of them.

I think many exchanges are showing up because they are filling a gap left by eXch.

eXch had very large volumes in their pairs, and lot of people used it. All that money is now flowing to those new exchanges,  which many of them work very similar (no kyc crypto swaps).

[FinneysTrueVision]

Besides how easy it is to launch your own white label exchange and the takedown of one of the biggest no-KYC exchanges, there was also the delisting of major privacy coins from CEXs. Monero alone has a multibillion dollar market cap, but it is not easy to acquire. Somebody has to step in and fill that demand.

[Daniel91]

I'm also surprised by how many new instant exchange launches have occurred in the last few months. Coincidentally, it's near the time when this forum no longer allows mixer promotion (if my memory is right). I guess the demand is just that high that some owners think they can absorb the volumes from previous services.

Most of these new services suffer the same attacks, too, as far as I'm aware. I wonder if the attackers are the same or not.

The increase in new instant exchanges has nothing to do with mixers or the ban on promoting them here.

It happens that the growth of industrial branches is at stake. Some bigger players have adapted and created a simple model for resellers. A domain and hosting are enough, and you can start your business, you don't even need any technical knowledge (and not even initial capital) to start your own instant exchange.
If you look only at those who operate with their own liquidity funds and at real no-KYCs (like Sageswap), you will see that there aren't too many of them.

Yes, you are right.
Given the increased crypto regulation, especially in the US and the EU, it is clear that there is an increased desire of users for crypto services without kyc.
It's not just that users want to maintain their privacy and anonymity, but that many users have difficulties proving the origin of their funds to tax and other authorities, and it's often very complicated to show all transactions in the tax return through the FIFO method.
Unfortunately, in recent years, many crypto exchanges have started to introduce kyc regulation under pressure from the authorities, so it's increasingly difficult to find a kyc crypto exchange that doesn't require kyc.
In short, if there is a demand for a service, for completely legal reasons, an offer will appear to fill the gap in the market.  
I hope Sage Swap will be with us for a long time.

[joniboini]

I hope Crypto Swap will be with us for a long time.

I assume you mean no-KYC swap. We have a lot of swap providers that have a KYC trigger or something similar. Some of them are so vague that your swap got flagged even though you trade less than $1k.

Speaking of tax, as of now, most exchanges in my country help with documentation for their users. It's not so complicated, but I won't be surprised if they change in the next few years. My biggest issue using them is the need to fill in the recipient, etc., for every single tx. I hope they don't think someone is doing money laundering by trading for less than $100 per week.

[SageSwap]

AML Swap mode will be disabled until Friday or Saturday.

If you hold coins with a high AML, please use Standard swap mode (an additional fee will apply).

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