satsdisco on Nostr: Vexl does not see your phone number, no trading happens in the app. Everything ...
Vexl does not see your phone number, no trading happens in the app. Everything happens between you and the counterparty think of it like peer to peer tinder for bitcoin.
Your phone number is only used to build your social graph your web of trust.
There are no trades happening in the app there are no wallets, there are no on ramps or off ramps.
Think of it like this I post an offer and I say I want to sell my bicycle for bitcoin or I want to buy bitcoin with cash.
So my offer is encrypted for each person in my contacts individually.
If you were interested in my offer, you will see that we have a few friends in common and you can decide if you want to pursue the offer or not. If you do you open e2e chat and discuss the trade further. We decide to meet because we have mutual friends. I sell you my bike for bitcoin I walk away I delete the chat and it’s gone forever.
Your phone number is only used to build your social graph your web of trust.
There are no trades happening in the app there are no wallets, there are no on ramps or off ramps.
Think of it like this I post an offer and I say I want to sell my bicycle for bitcoin or I want to buy bitcoin with cash.
So my offer is encrypted for each person in my contacts individually.
If you were interested in my offer, you will see that we have a few friends in common and you can decide if you want to pursue the offer or not. If you do you open e2e chat and discuss the trade further. We decide to meet because we have mutual friends. I sell you my bike for bitcoin I walk away I delete the chat and it’s gone forever.