bernard75, you are perfectly correct. I'm already verified but I don't even think to trade / develop API interface as long as the fee structure is not 100% clearly stated. It is not even possible to estimate the trading capabilities without that information.
Now. When you are on
ANXPRO, you can see the fees for each individual order when you select the different options.
Oh dont get me even started on their API, it claims to be "interntional", which means you get a return of everything that is traded no matter if it its EUR, USD or MNT as your currency of choice.
I had the impression that you had already read why that is.
Well, you should do so now, since
we are having a
0% Fee promotion right now, until the start of June.
I'll check it out. In retrospect, it looks like you guys did just launch on the right date. And with all those currencies, you must be capturing some unmet demand in the market. Nice Job!
Here's your answer:
Thank you for raising that. It is a important feature of ANX.
ANX is completely different, from every exchange on the planet.
Other exchanges have separate order books - one order book for BTCEUR, another for BTCUSD. Trades, pricing, depth is all independent.
ANX on the other hand has a sophisticated engine that streams in FX rates in real-time, and blends all FIAT currencies into a single order book.
Orders placed in BTCEUR can match against orders placed in BTCUSD. It's based on a very fair algorithm that converts each existing order into the equivalent price for any incoming order.
USD orders are settled in USD, and EUR in EUR.
Some exchanges have attempted to implement a multi-currency offering by first converting orders into a common currency, which is terrible for the customer as they suffer FX slippage.
In the case of ANX a USD order rests in USD, and a EUR in EUR. If they match, both parties receive their native currency.
So - when you use the two API calls as per your email, you are actually querying against a single order book.
The data is completely transparent - the "primary" flat tells you what is going on.
If a EUR trade matches against a USD trade, the USD and EUR will both be reported in the history call with primary="true".
The volume may appear identical in each of the 11 fiat currencies we support but that is because it is identical; transaction volume could have been executed in any of those 11 fiat currencies we support. We're the only exchange in the world that offers its customers to execute in their local currency of choice (provided it is one of the 11 currencies we do today). Customers no longer have to endure poor bank exchange rates and in many cases, they no longer have to rely on expensive wire fees (we now support local banking in Australia, Hong Kong and in Europe).
By the way, bernard, why are you suddenly having a huge negative attitude towards us? In the past, you were pretty happy with us. If you have any suggestions, please say so.
