I’ve been looking into SimpleSwap because I’d rather not leave funds sitting on a CEX.
From what I understand, the SimpleSwap crypto exchange is non-custodial, so it never gets my seed phrase or private keys and shouldn’t be able to access the rest of my wallet. But what happens to the amount I actually send for the swap? Is that temporarily held by the service until the transaction is completed?
Has anyone here used Simple Swap recently? Anything important I should check before trying a small wallet-to-wallet swap?