UnstoppableSwap makers offers currently too expensive service with 3% rates markup/fee (self.monero)

submitted 2 weeks ago* (last edited 2 weeks ago) by hetzlemmingsworld to c/monero@monero.town

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https://unstoppableswap.net / https://github.com/UnstoppableSwap/core makers (i do not mean a SW developers, but swap providers) seems to have swap markup (assuming a fee) of around 3% which is too expensive and along with the limits on amount of traded coin pretty unusable IMO. Am I missing any makers or source for it which allows near zero fees/markup? Why such makers are not available (by default)?

I am currently using RetoSwap https://github.com/retoaccess1/haveno-reto which allowed me to place and complete the BTC and ETH exchange to XMR at 0% fee. (only paying regular Monero tx fee for a temporary custody)

How to setup an UnstoppableSwap maker? Is it this https://github.com/UnstoppableSwap/core/blob/master/dev-docs/asb/README.md . I do not see any easy to understand tutorial for layman which would tell me the requirements (evaluate the cost) + be easily understandable.

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[-] jay_edwards@monero.town 3 points 2 weeks ago

You can use Exolix or Trocador, there are pretty low fees.

[-] hetzlemmingsworld 2 points 2 weeks ago* (last edited 2 weeks ago)

Thanks, though note this:

Exolix: "Users must undergo AML/KYC procedures" source: https://kycnot.me/service/exolix

Trocador: "Trocador's partners may require KYC checks and monitor transactions" source: https://kycnot.me/service/trocador

[-] monerobull@monero.town 3 points 2 weeks ago

Currently there is no layman-friendly way of going XMR -> BTC with unstoppableswap so very few people actually provide liquidity in that direction and the fees they take are high because of it.

The Samourai atomic swaps GUI was on the right track to solve this with a XMR provider GUI but they got taken down just a few weeks after they released it.

[-] einliterflasche 3 points 2 weeks ago

Hi, I'm one of the developers. We're working on making running the maker side way more accessible. That will lead to lower spreads. The current state is caused by to the fact that the taker needs to deposit their Bitcoin first (to prevent DOS attacks). This will change when Monero gets transaction chaining. Until then we will still be improving the setup a lot, especially our docs. You can always post in our matrix rooms if you have any questions.