Bitcoin Wallet supporting swaping - page 2.

Zaguru12

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Quote from: zabzob on November 25, 2024, 07:35:32 AM

Bisq does not do USDT trades, only BTC and XMR

There is usdt trading and but is basically buying and selling. Bisq wouldn’t work perfectly for this. What I think OP needs is not even swapping but more of bridging because there is no usdt on bitcoin blockchain. Only centralized exchanges can actually do this effectively, decentralized platforms charges alot, so OP should simply use the centralized ones that do not require KYC, like the exch.cx or use one platform called the ChangeNOW which I have used before but wasn’t satisfying because it took a ample of time before the transaction dropped.

zabzob

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Quote from: Hazink on November 24, 2024, 01:20:28 PM

You can send to decentralised exchanges like Bsq and others where they don't ask you for KYC, but the only thing there is that you will spend some fee for the transactions.

TrustWallet is not an open source wallet, and it's a multi-wallet; if not, it's also one bitcoin wallet that has the swap option in it. Aside from that one, I have not seen any of the good recommended wallets here with such features.

Bisq does not do USDT trades, only BTC and XMR

FatFork

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I'm not aware of any wallets that directly let you swap bitcoin for USDT. As some members already said, that sort of thing tends to happen through centralized exchanges or third party services. You could consider using a decentralized exchange (DEX) platforms that allow you to swap Bitcoin for other cryptocurrencies or tokens, including USDT. However, DEXs can be kinda tricky to use compared to centralized exchanges. And sometimes their fees are steeper. Personally, I use exch.cx since it's a non-KYC exchange and the rates seem fair to me.

NeuroticFish

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Quote from: Synchronice on November 24, 2024, 02:35:06 PM

I had a dream where I had an electrum wallet with that ability, really Cheesy

No, please. Let's leave Electrum be just as simple and good as it is, without any bloatware and unnecessary "features".

If people want centralized "wallets", let them switch there, knowing the big warning sign. And leave Electrum just... be a clean wallet.

Synchronice

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Quote from: UmerIdrees on November 24, 2024, 01:15:04 PM

I am storing my bitcoin in Electrum wallet. I am sure when bitcoin will cross 100K or above, we will see a small correction or a cool off period and one can sell some of the holdings and buy back again. Electrum does not allow to swap the coins to USDT and i do not want to transfer my bitcoin to centralzied exchanges for converting to usdt and then back to bitcoin later.

What are my options where i can perform this task in a decentralzied way ?

I had a dream where I had an electrum wallet with that ability, really Cheesy

What you are looking for is impossible. Bitcoin is another thing that stands alone and USDT is also another. The only way to exchange Bitcoin is only possible by using a centralized exchange or a decentralized exchange.

Your only option is 3rd party apps. You can have Trezor or Ledger wallet and swap via inside the wallet but still, you depend on 3rd party. I think this guide will look interesting for you but I want to remind you that it's not what you won't and you won't find it because such a thing doesn't exist but have a look at this: trezor.io/learn/a/exchange-crypto-in-trezor-suite

Charles-Tim

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Quote from: Hazink on November 24, 2024, 01:20:28 PM

You can send to decentralised exchanges like Bsq and others where they don't ask you for KYC, but the only thing there is that you will spend some fee for the transactions.

High fee is also needed for swapping. I mean bitcoin to other coin swap vice versa. Also as OmegaStarScream stated, they are not decentralized but centralized. What I do not like is how those wallets are all close sources. I prefer to make use of a decentralized or non-KYC exchanges than to swap.

bitmover

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Quote from: UmerIdrees on November 24, 2024, 01:15:04 PM

I am storing my bitcoin in Electrum wallet. I am sure when bitcoin will cross 100K or above, we will see a small correction or a cool off period and one can sell some of the holdings and buy back again. Electrum does not allow to swap the coins to USDT and i do not want to transfer my bitcoin to centralzied exchanges for converting to usdt and then back to bitcoin later.

What are my options where i can perform this task in a decentralzied way ?

I have used exch.cx a lot of times, and it works for what you want. It will convert BTC to USDT. It also works for USDT to BTC.

https://exch.cx/

It is a centralized exchange, but they do not ask for any KYC and they are very reliable.

You can check their announcement here:
https://bitcointalk.org/index.php?topic=577207.msg64768677;topicseen#new

Hazink

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You can send to decentralised exchanges like Bsq and others where they don't ask you for KYC, but the only thing there is that you will spend some fee for the transactions.

TrustWallet is not an open source wallet, and it's a multi-wallet; if not, it's also one bitcoin wallet that has the swap option in it. Aside from that one, I have not seen any of the good recommended wallets here with such features.

OmegaStarScream

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Just because a wallet allows you to swap does not mean it's done in a decentralized way.

Exodus, Trustwallet, Bitget, OKX, etc. all these wallets swaps are done using their CEX, or a third party service like Changelly etc.

If you want to do BTC -> USDT in not only KYC free way, but also decentralized, then I believe Thorchain is what you're looking for here. Give it a read.

UmerIdrees

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I am storing my bitcoin in Electrum wallet. I am sure when bitcoin will cross 100K or above, we will see a small correction or a cool off period and one can sell some of the holdings and buy back again. Electrum does not allow to swap the coins to USDT and i do not want to transfer my bitcoin to centralzied exchanges for converting to usdt and then back to bitcoin later.

What are my options where i can perform this task in a decentralzied way ?

Topic: Bitcoin Wallet supporting swaping - page 2. (Read 348 times)