Manage Enabled Coins

BasicSwap DEX is a non-custodian DEX (decentralized exchange), meaning that you remain in full control of your coins at every step.

This aspect of BasicSwap significantly improves your security and privacy, but it also means that you need to maintain a full node of every coin you’ve enabled.

This guide will walk you through everything you need to know about managing coins on BasicSwap.

Note

While BasicSwap currently requires that you run full coin nodes locally at this beta stage, we are working on solutions to allow for light services and alternative gateways (i.e., web and third-party integrations).

Enable Coins

Only Particl is enabled by default on BasicSwap. That’s because the DEX leverages the SecureMessaging (SMSG) network to function, which runs parallel to the Particl blockchain.

If you want to enable other coins such as Bitcoin, Litecoin, or even Monero, follow the steps detailed in the Enable or Disable Coins guide.

Monitor Sync Status

When running a full BasicSwap node, you also host coin nodes (i.e., a Bitcoin node) locally on your device.

You can check the sync status of each coin node by following these steps.

On BasicSwap, navigate to the Wallets section by clicking on the blue Wallets button.
Each coin will display a progress bar that shows the sync progress.
You can also verify that each node is connected to its respective network by ensuring that it is marked as Updating next to the coin’s core version.

Manage Wallets (Deposit/Withdraw)

You can manage various coin-related options directly from BasicSwap. Typically, most settings are made available on a per-coin basis (some coins have unique features that you’ll find here), but that’s also where you’ll find the option to deposit and withdraw coins.

On BasicSwap, navigate to the Wallets section by clicking on the blue Wallets button.
Each coin has an associated Manage button. Click on it to open a coin’s settings.
In the coin’s Manage page, you’ll find various coin-specific options (i.e., balance conversion for PART) and the ability to deposit and withdraw coins.

Note

Specifically for PIVX, Dash, and Firo, you may need to click on the Reseed wallet button after the blockchain is fully synced to enable deposits and withdrawals.