Re:Temporary pause of Bitcoin withdrawals on Binance
by renonce on Monday June 13, 2022 @10:06AM
(#31725778)
Unfortunately there is no decentralized exchange for BTC. There is no smart contracts on BTC so you have to somehow bridge it to something like Ethereum before you can swap it. And to bridge it you have to rely on some centralized party, such as WBTC. (I know renBTC but it's unclear who their validators are so I'd just assume it's centralized)
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Re:Temporary pause of Bitcoin withdrawals on Binance
by Blahah on Monday June 13, 2022 @11:45AM
(#31727159)
> Unfortunately there is no decentralized exchange for BTC
Localbitcoins, localmonero... Two of many.
Re:Temporary pause of Bitcoin withdrawals on Binance
by throwaaay103948 on Monday June 13, 2022 @10:56AM
(#31726476)
Bisq is a P2P Decentralized exchange for Bitcoin: https://bisq.network
Re:Temporary pause of Bitcoin withdrawals on Binance
by TrapLord_Rhodo on Monday June 13, 2022 @12:10PM
(#31727488)
>There is no smart contracts on BTC
Not true, BTC does have smart contracts. They called it op-code and most people don't use it anymore, but me and my friends built a poker game and we play every Thursday.
The original wallet download also had a poker game, but they decided to take it out after a while to ensure btc wasn't labeled as "Gambling"