How to trade Wownero using Atomic Swaps #

You can perform atomic swaps between Wownero and a few other chains using a software called BasicSwap. It runs on your computer and connects to other participants where you can place and accept bids. Funds go directly into your wallets without any middle-man, completely decentralized.

Installation #

The official documentation can be found here: https://academy.particl.io/en/latest/basicswap-guides/basicswapguides_installation.html

A community member named ofrnxmr runs a scripted installation which is the best way to use it. Follow the instructions here: https://github.com/nahuhh/basicswap-bash/releases

Usage #

Run basicswapdex and open your browser to http://127.0.0.1:12700/offers - you should see any active offers for the coins you have enabled.

Go to the Wallets paged and make sure they’re all synced up - you might have to wait a bit.

Copy the address or subaddress of the wallet and send funds. When the transfer is confirmed on that network you will be able to participate in atomic swaps.

You can perform atomic swaps with Wownero and any SegWit capable chains, which will always be your intermediary; there are no direct atomic swaps from Wownero to Monero for example.

Look for offers that suit your criteria (the coin you have, the coin you want, and a market rate you are comfortable with) or place your own offer.

Set your bid, wait for it to get filled, then wait for the swap to happen. The swap itself is a combination of cryptographic shenanigans with signatures and lock times - I don’t know all of the intracacies but I do know it is trustless and completely peer to peer.

This guide was originally written with ❤️ by lza.