SideSwap reopens Bitcoin swaps while Liquid reserves stay locked

Share

SideSwap reported about 600 L-BTC conversions into Bitcoin and more than 60 BTC paid since reopening on October 20. The service uses a 1:1 conversion rate minus a standard 0.1% fee and pays users from its own Bitcoin wallet. Because replenishments are still partly manual, some payments can remain queued, with no maximum waiting time announced. Direct withdrawals from the Liquid Federation remain restricted because full Bitcoin backing and the required security and operational recovery measures have not yet been restored.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items