Your exchange appears to work nearly identically to how ShapeShift used to work until they started requiring users to create an account and complete KYC to use their services.
The lack of storing customer funds makes using your service somewhat more safe than other exchanges, although the costs, including the bid/ask spread is much higher than other major exchanges. If transaction fees ever go back to late 2017 levels, using your service will become even more expensive.
Obviously, sending money to your exchange will involve trusting that you will not take their money and run.
Hey Diamond Member
We are always optimizing fox to get the best possible rates out there in order to keep the fees as low as possible. Plus, the whole crypto/blockchain industry is getting more optimized with transactions and fees, for example: Lightning Network, so there is an optimistic scenario for your note.
About trust there’s no argue, but it’s very simple, any business that wish to last should gain customers trust first, as you can see fox.exchange is not another affiliate solution of one of the other players out there and it’s here to grow.
Plus, we are doing our best to have the best customer service in the whole crypto industry!
Hope to see you TOO soon on fox.exchange
