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Author Topic: ♻️ DEX.fo — Auto Crypto Exchange 💚 NO KYC/AML 💚 Escrow 1 BTC  (Read 6060 times)
bitmover
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Today at 01:45:47 AM
 #441

I would have zero issues with swaps involving BTC taking an hour or two, we had 2 blocks in 3 hours 3 days ago

I had to wait a long time yesterday for my BTC transaction to confirm.. the first confirmation took 20+ minutes and the second another 30 minutes.. but after that, the exchange on Dex.Fo was really fast.

Maybe I was just unlucky.. it looks like the network is processing blocks normally right now.. let's wait and see what happens when the BIP-100 kicks in.. recently a Bitcoin dev recomended avoiding transactions during this period: https://x.com/jonatack/status/2071650771028918682

Unless you are in a hurry to spend the funds, long time for confirmations is not a problem at all.

Even with a  zero confirmation transaction you can rest assured that the coins will arrive at your wallet, as the exchange already sent them..

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SamReomo
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Today at 03:00:48 AM
 #442

Unless you are in a hurry to spend the funds, long time for confirmations is not a problem at all.

Even with a  zero confirmation transaction you can rest assured that the coins will arrive at your wallet, as the exchange already sent them..
When it comes to genuine exchanges like Dex.fo then it makes sense to wait sometime to get the funds. Since sometimes network can be congested and that means a transaction will take some time but most probably those transactions get completed on time.

Only in few cases, transactions can take sometime, in most cases they get completed in short time. For Bitcoin transactions one has to wait at least 10-40 minutes as that's the most probable time frame to have confirmations if network isn't congested.

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Today at 03:12:05 AM
 #443

Unless you are in a hurry to spend the funds, long time for confirmations is not a problem at all.
...

Interesting point, it's something that must keep in mind using exchanges and third party wallet.
Just because they can accept deposit ONLY with a specific timeframe or they accept deposit with a specific change of USD/BTC.
Best option (peace of mind Grin ) use a wallet and keep it all easy.

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Today at 02:05:35 PM
 #444

I had to wait a long time yesterday for my BTC transaction to confirm.. the first confirmation took 20+ minutes and the second another 30 minutes.. but after that, the exchange on Dex.Fo was really fast.

20 minutes for a block is unfortunately not that rare, just last month we had an average of 14 minutes distance between blocks, average for the whole day!
And as I type right now, there are 37 minutes from block 959426, this after 4 blocks were mined in just 8 minutes!  Wink

Maybe I was just unlucky.. it looks like the network is processing blocks normally right now.. let's wait and see what happens when the BIP-100 kicks in..

I'm pretty sure you mean BIP-110 and no it won't kick anything but the bucket!
It will be a nothingburger, plus normal transactions will not be affected even if somehow magically that chain gets the most hashrate.

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Today at 07:25:33 PM
 #445

Unless you are in a hurry to spend the funds, long time for confirmations is not a problem at all.

Even with a  zero confirmation transaction you can rest assured that the coins will arrive at your wallet, as the exchange already sent them..
The problem is the bitcoin price can move and you receive less because in 1 hour a lot can happen like world news

Another day I needed $200 but received $190 in another exchange because the confirmation was slow Sad


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Today at 09:14:01 PM
 #446

Yes, decentralized exchanges can be used from anywhere in the world, and similarly no KYC instant exchanges can be used by anyone from any part of the world without any kind of restrictions. I think for such data it's always better to read posts in this forum because here users are very smart and they know everything about such services and they can explain those things in way better words so others can understand those without any issues.

When it comes to AI, then still we can't trust it fully because sometimes it gives wrong information, however I must say that nowadays AI is much better than it used to be in past. Those who use services like Dex.fo know better that privacy is a very important thing, and they'll always prefer to use instant exchanges over those KYC exchanges.
Yep, we can't trust AI results either. Even if we are using an advanced AI model which gives us the result after taking some time to do thorough research, it will still show us exchanges that are famous and have been in the market for quite some time. I won't name them, but if you have AI, you can check.

The problem with this is that some of them, or most of them, are not really no KYC or no AML. They eventually raise flags. So from a newbie perspective, it can be hard. They will eventually look for directories like KYCnot, Bitlist, etc. These directory sites are a better option than AI.

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