700 EUR to exchange USDT to BTC or ETH !! CHOCK!!

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Which means no one can ask you‍ for KYC or even freeze the amount like they can do on the regulated exchanges?⁠

Is there any risk that they can run with your money ?
 
They can’t freeze and they don’t⁠ have KYC.

They can’t run away with your money as it’s a smart contract. Nevertheless⁤ you should always be careful if you stake in decentralized platforms as they might have⁣ vulnerabilities. Using it for swapping has nearly 0 risk.
 
I can't get it connect with trezor device, any chance this exchange can work with‌ exodus?

When I try to connect to trezor it asks for the device to be‍ active, I did, then it ask for the pass phrase, is it secure to enter⁠ it there? I think it's better to use exodus for the swap if possible?
 
Why would 1inch be charging 650 EUR for a simple USDT⁤ to ETH swap?????
It's free(or worst case $38) :
 
Is it secure to do what it is asking for here:‍

It always said that you never should give out your passphrase ?
 
sorry but this is a stupid complicated system... I keep trying to connect my trezor...‌ now it says successfully connected but I can only click on connect wallet! 😡
 
I tried to replicate what you try to do there @SoNewToAllShit

You need to connect‌ both crypto wallets to your Trezor. First, click on “Connect Wallet,” select, for example, ETH,‍ and then choose your Trezor. This will connect the two – it worked on the⁠ first try for me.

Once that’s done, go back and connect the second crypto (the⁤ one you want to swap to). Click “Connect Wallet” again, this time selecting the other⁣ cryptocurrency and then Trezor once more. Now both wallets should be connected, and you should⁢ see a “Swap” button.
 
So far it has been like this more than 10 minutes! That's much longer than‌ with kraken, how long does a SWAP take normally ?
 
NEVER put your passphrase/seed phrase/private key into a computer or phone.

sorry, I have⁠ no idea re Trezor and Thorswap, never used a trezor.
 
Did it went through? There must have been a high load on⁠ the network at the time you made this transaction?

Thanks for helping out, I successfully⁤ connected my Trezor and Ledger wallet to this exchange. Put a swap in there for⁣ 5000 USDC to BTC was done in minutes.
 
Yeah, it all went‍ through after about 12 minutes.

I did a swap of 30K EUR from USDC to⁠ LTC, and then another 30K USDT to BTC. Both took less than 10 minutes.
 
Today, I had the chance to test the method, and⁤ I realize now my question was a bit off. I didn’t realize that you connect⁣ your wallet directly to the service, avoiding any third party from handling the transaction or⁢ potentially blocking it or asking for KYC. It’s truly an amazing way to bypass all︀ the red tape and feel completely free in the financial world.
 
This is really clever! I'm not particularly tech-savvy, so I didn’t know about this until‌ reading this thread. The ability to connect your hardware wallet, like Trezor, Ledger, etc., directly‍ to a decentralized exchange is brilliant, especially if you want to avoid CRS or other⁠ reporting in the future, as it lets you stay completely out of the publicly monitored⁤ system.

However, I also don’t see how OP managed to exchange cryptos for 700 euros.⁣ For 100K euros, it costs around 80 euros to exchange, depending on which crypto you’re⁢ swapping from / to.
 
the passphrase is not your seed. Its like the 13th or the 25th word.⁠ It can be more than a word, it could be a sentence or your secret⁤ seggs fantasy or whatever.

You can safely input THIS but ***ONLY THIS*** word there.
 
I figured it out, I had to read a little and found⁤ what you said. Thank you for the help.
 
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