About fees

SmartOTC is a fully onchain service. Traders will need to pay network fees. And the smart-contract will charge 0.5% of refundable deposit when trade is finished.

How long does it take to finish a trade?

Time is decided by seller and buyer. Maybe 2 hours if they are both online. Or some days if one order need several swaps. The smart-contract has no time limit for trading.

There is no compensation for delayed trades

According to the refundable deposit, we suppose that both seller and buyer would not delay a trade. And we suppose the buyer would not lose his private key. If you can't take the risk of possibly being delayed for a long time, just don't swap here. Because no other one can withdraw the deposit, there is no compensation for delayed trades.

What can I do if someone delay the swap?

If your trading partner delayed the swap. The only thing you can do here is waiting. Don't worry and be patient. His money is also locked in the contract. This dapp will show all the delayed trades.

SmartOTC does NOT have a token.

SmartOTC does NOT have a token. Any token or website claiming to be affiliated with SmartOTC is a scam.