Hi everyone. New account, been reading for a while. I want to try one of the smaller no-KYC swap platforms for a Monero swap, but I keep finding horror threads about funds sitting "frozen by the liquidity provider" for months. Is that just how this industry works, or is it a red flag for specific platforms? What would you check before sending anything non-trivial through an instant exchange? I'd rather learn from people who've been through it than find out the expensive way. Any advice welcome.
What you need to check is the smart contracts, so that your wallet won't become vulnerable after connecting to them, most scam no KYC casinos that drain users wallet after transactions and connecting thie wallet to their smart contracts.
You already say the exchange is a small one meaning there is no reputation yet which increases your risks and more reasons you need to do extra analysis on the integrity of their smart contracts before anything.
