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Peer-to-Peer Ionic Swaps

Ionic Swaps are a privacy-preserving evolution of traditional atomic swaps, enabling peer-to-peer exchange of cryptocurrencies and Confidential Assets directly on the Zano blockchain. They eliminate intermediaries, prevent unfair advantage between parties, and preserve user custody and transaction privacy throughout the swap process.

You can perform Ionic Swaps on Zano Trade, which provides a superior user experience with quality-of-life features. However, if you prefer a completely censorship-resistant and decentralized experience that does not rely on any website, you can perform swaps directly from your wallet app using the guide below.

Create a Swap Proposal​

On the official Zano Desktop app, open your wallet and select the Swap tab.

Swap tab

  1. Click the + or Create Swap button to create a new swap proposal.

  2. Fill in the swap details:

    • Sending: Select the asset and specify the amount you wish to sell.
    • Receiving: Select the asset and specify the amount you wish to receive in return.
    • Receiver address: Enter the wallet address or alias of the counterparty you wish to trade with.
    • Expiration Time: Set when the swap proposal expires.

Creating a swap proposal

note

If your asset does not appear in the selection list, you will need to whitelist it first.

  1. Click Create Proposal. A unique swap proposal code will be generated.

  2. Use the Copy button to copy the swap proposal code and share it with your trading partner using any messaging application.

Generated swap proposal hex

warning

Copy and share the swap proposal code immediately after creation. Once you close the screen, the code will no longer be accessible and you will need to create a new proposal.

tip

You can "cancel" a proposal at any time by moving your funds to another wallet.

Accept a Swap Proposal​

Once you receive a swap proposal code from your trading partner:

  1. Open your wallet and select the Swap tab.

  2. Select Confirm Swap.

  3. Paste the proposal code you received.

Accepting a swap proposal

  1. Verify the swap conditions (assets and amounts) are correct.

  2. Click Accept Proposal to submit the swap to the blockchain.

Once accepted, the swap will be processed on-chain. You can monitor its progress in the Swap tab, where it will appear as an ongoing swap until the transaction is confirmed.

Ongoing swap