blockchain.com has good or bad exchange rate?

someoldcoins

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Quote from: bL4nkcode on December 29, 2019, 07:39:04 PM

Quote from: someoldcoins on December 29, 2019, 04:54:06 AM

i'm okay , if service don't seem like harvesting ids or unsafe etc . but i prefer privacy all the time.

How would you think that a platform offers swapping coins for just 25 bucks in exchange your personal details, for sure they will sell it to anyone (company, project or whatsoever). You can't expect much from a business that offers such this strategy to get more users. So I'd stay away from their give aways with kyc if I were you.

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bL4nkcode

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Quote from: someoldcoins on December 29, 2019, 04:54:06 AM

i'm okay , if service don't seem like harvesting ids or unsafe etc . but i prefer privacy all the time.

How would you think that a platform offers swapping coins for just 25 bucks in exchange your personal details, for sure they will sell it to anyone (company, project or whatsoever). You can't expect much from a business that offers such this strategy to get more users. So I'd stay away from their give aways with kyc if I were you.

someoldcoins

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Quote from: Findingnemo on December 29, 2019, 07:26:48 AM

Quote from: someoldcoins on December 29, 2019, 04:54:06 AM

i'm okay , if service don't seem like harvesting ids or unsafe etc . but i prefer privacy all the time.

blockchain.com works for me , swapping coins complete under 60 minutes . although i believe there are big room for improvement since the exchanges are in-house .

thanks for all replies , i'm happy with this option .

Its worth to mention about blockchain's data disclosure policy, they may share your personal data for the selected people I am not sure who are those selected people (might be the government) so make sure you are not doing anything wrong while using their service or you could be traced.

thanks i have just read it ,sound acceptable to me .

regards

Findingnemo

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Quote from: someoldcoins on December 29, 2019, 04:54:06 AM

i'm okay , if service don't seem like harvesting ids or unsafe etc . but i prefer privacy all the time.

blockchain.com works for me , swapping coins complete under 60 minutes . although i believe there are big room for improvement since the exchanges are in-house .

thanks for all replies , i'm happy with this option .

Its worth to mention about blockchain's data disclosure policy, they may share your personal data for the selected people I am not sure who are those selected people (might be the government) so make sure you are not doing anything wrong while using their service or you could be traced.

someoldcoins

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Quote from: Findingnemo on November 29, 2019, 09:36:26 AM

Quote from: someoldcoins on November 29, 2019, 06:07:40 AM

their 2FA sucks though , spent 2 hours yesterday to withdraw back to blockchain .

last time with this exchange . Undecided

i will use blockhain . will see what i can do with their kyc Cheesy

.

If you are okay with providing your personal details for swapping coins then its good but doing this via exchange will take time you can't make instant transfer anyway.

i'm okay , if service don't seem like harvesting ids or unsafe etc . but i prefer privacy all the time.

blockchain.com works for me , swapping coins complete under 60 minutes . although i believe there are big room for improvement since the exchanges are in-house .

thanks for all replies , i'm happy with this option .

Findingnemo

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Bitcoin = Financial freedom

Quote from: someoldcoins on November 29, 2019, 06:07:40 AM

their 2FA sucks though , spent 2 hours yesterday to withdraw back to blockchain .

last time with this exchange . Undecided

i will use blockhain . will see what i can do with their kyc Cheesy

.

If you are okay with providing your personal details for swapping coins then its good but doing this via exchange will take time you can't make instant transfer anyway.

someoldcoins

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Quote from: Findingnemo on November 29, 2019, 04:08:51 AM

Quote from: someoldcoins on November 28, 2019, 08:11:58 AM

i tested binance , i'm not satisfied by speed . i got my first deposit after an hour and half , compared to other swap service i used before this slow .

btw deposits complete in seconds with blockchain.com and i can use balance , anything under 35 minutes is ok Grin

.

https://trustwallet.com/ is this fast ? it's only mobile

Binance is not a swap service its a trading platform so you need to deposit your coins first which will get reflected on your balance after the confirmations that is why time take and it will depend on your fee used for transactions.

Any swap service will be done by anonymous exchange so you may see faster time since they already have coins on their wallet not on your own.

yes , that's true .

their 2FA sucks though , spent 2 hours yesterday to withdraw back to blockchain .

last time with this exchange . Undecided

i will use blockhain . will see what i can do with their kyc Cheesy

.

Findingnemo

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Quote from: someoldcoins on November 28, 2019, 08:11:58 AM

i tested binance , i'm not satisfied by speed . i got my first deposit after an hour and half , compared to other swap service i used before this slow .

btw deposits complete in seconds with blockchain.com and i can use balance , anything under 35 minutes is ok Grin

.

https://trustwallet.com/ is this fast ? it's only mobile

Binance is not a swap service its a trading platform so you need to deposit your coins first which will get reflected on your balance after the confirmations that is why time take and it will depend on your fee used for transactions.

Any swap service will be done by anonymous exchange so you may see faster time since they already have coins on their wallet not on your own.

someoldcoins

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i tested binance , i'm not satisfied by speed . i got my first deposit after an hour and half , compared to other swap service i used before this slow .

btw deposits complete in seconds with blockchain.com and i can use balance , anything under 35 minutes is ok Grin

.

https://trustwallet.com/ is this fast ? it's only mobile

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Quote from: coupable on November 14, 2019, 12:01:09 PM

I don't know if using this wallet require a registration in the binance exchange or anything about its fees or time delay, but all reviews confirm that this wallet is trusted and solid enough. Did anyone try it for swapping ?

It was 'trusted' when it launched and became even more 'trusted' when Binance acquired TrustWallet last year.

Nope. No registration required. It's just plug and play so to speak. It works via their dex. Fees for using the application aren't charged, but you do obviously have to pay for the network fees.

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Quote from: squatter on October 29, 2019, 06:49:13 PM

Also, you'll generally get better prices trading on Binance than using instant swap services.

According to some reviews i have read recently, TrustWallet is a multi-coin wallet provided by binance [Did never use it] , which let you swap between different dupported coins in the wallet. I don't know if using this wallet require a registration in the binance exchange or anything about its fees or time delay, but all reviews confirm that this wallet is trusted and solid enough. Did anyone try it for swapping ?

someoldcoins

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Quote from: LeGaulois on October 31, 2019, 11:20:18 AM

@someoldcoins
Yeah, there are Nexo.io, BlockFi. Since lending is their main activity you get a better alternative compared to others. Their way of working is much more serious. When you're sick you go to the doctor, not to the electrician héhé.
I'm watching these platforms for some time and for sure I won't lend BTC on a platform like Binance, etc...

Cheesy

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

hi

you may like to get clear idea about nexo . i don't see trustpilot as source of truth or authentic anymore https://www.trustpilot.com/review/nexo.io?languages=en&stars=1
but 1 negative review can tell you what you need to know , i also read some users had difficulties to withdraw - their 300 reviews aren't much either and overly positive , i have seen sites with triple number of reviews scamming on trustpilot and edit comments.

the lending part might not be my original question , but i have interest to double use binance .

thanks for bringing my attention to binnace which i have been considering to join for a while now .

someoldcoins

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Quote from: figmentofmyass on October 31, 2019, 03:39:11 PM

Quote from: LeGaulois on October 31, 2019, 11:20:18 AM

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

banks don't pay interest on bitcoin. Tongue

that's the difference, lenders want their capital in BTC, not dollars or euros. people also have a lot of trust in binance as a custodian (not sure why) so that could pressure rates even lower than other markets.

the BTC vs BUSD rates gives some insight into margin trading sentiment. low BTC rates = lots of BTC supply = people are scared to short the market. higher BUSD rates (currently 2.7% annual) = less BUSD supply = people are bullish and leveraging long.

i agree

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Quote from: tsaroz on November 01, 2019, 11:33:36 AM

Quote from: LeGaulois on October 31, 2019, 11:20:18 AM

@someoldcoins
Yeah, there are Nexo.io, BlockFi. Since lending is their main activity you get a better alternative compared to others. Their way of working is much more serious. When you're sick you go to the doctor, not to the electrician héhé.
I'm watching these platforms for some time and for sure I won't lend BTC on a platform like Binance, etc...

Cheesy

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

If you want better rates on bitcoin without the hassle of subscribing every now and then, Celsius is a good choice as they are providing over 4% per year on bitcoin interest. NEXO is good for stablecoins as they have the most flexible terms. Every USD stablecoin are converted to USD and can withdraw to any of the available stablecoin with zero fees.

I'm more interested in Nexo, the main reason is that I can invest in Euros and so get the profits paid in €. I'm currently getting about 2% with my bank and the rate will surely decrease in 1-2 month(s) (maybe 50% less). I have other investments too but I'm really trying to optimize the profits while balancing the risk.

What blocks me with getting paid in BTC is the volatility... I can't afford to invest in something I have no idea what the ROI will be. It's like gambling

Is there a minimum to invest with Celsius? Nexo has a minimum of $1000

Quote from: figmentofmyass on October 31, 2019, 03:39:11 PM

Quote from: LeGaulois on October 31, 2019, 11:20:18 AM

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

banks don't pay interest on bitcoin. Tongue

I forgot to remember this lol

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Quote from: LeGaulois on October 31, 2019, 11:20:18 AM

@someoldcoins
Yeah, there are Nexo.io, BlockFi. Since lending is their main activity you get a better alternative compared to others. Their way of working is much more serious. When you're sick you go to the doctor, not to the electrician héhé.
I'm watching these platforms for some time and for sure I won't lend BTC on a platform like Binance, etc...

Cheesy

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

If you want better rates on bitcoin without the hassle of subscribing every now and then, Celsius is a good choice as they are providing over 4% per year on bitcoin interest. NEXO is good for stablecoins as they have the most flexible terms. Every USD stablecoin are converted to USD and can withdraw to any of the available stablecoin with zero fees.

figmentofmyass

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Quote from: LeGaulois on October 31, 2019, 11:20:18 AM

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

banks don't pay interest on bitcoin. Tongue

that's the difference, lenders want their capital in BTC, not dollars or euros. people also have a lot of trust in binance as a custodian (not sure why) so that could pressure rates even lower than other markets.

the BTC vs BUSD rates gives some insight into margin trading sentiment. low BTC rates = lots of BTC supply = people are scared to short the market. higher BUSD rates (currently 2.7% annual) = less BUSD supply = people are bullish and leveraging long.

LeGaulois

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@someoldcoins
Yeah, there are Nexo.io, BlockFi. Since lending is their main activity you get a better alternative compared to others. Their way of working is much more serious. When you're sick you go to the doctor, not to the electrician héhé.
I'm watching these platforms for some time and for sure I won't lend BTC on a platform like Binance, etc...

Cheesy

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

someoldcoins

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Quote from: leowonderful on October 30, 2019, 05:00:15 PM

Quote from: someoldcoins on October 30, 2019, 02:47:40 PM

i don't see reason to lock thread , anyone free to post .

yes i think i will try binance , i figure out they have interest rate if you joined the lending program .

i found flyp/holytransaction has accusations too . maybe it's better to use sites that recommended the most by crypto community .

Binance's annualized interest for lending's currently at just 0.78% for Bitcoin, and just 0.86% for BNB which comes out to just 0.0076BTC/year for BTC which is almost nothing per coin, not to mention they've got some sort of daily quota system implemented where they only accept so many people daily to lend (300BTC daily at the moment), but if you're willing to take that reward for the risk of keeping your coins on the site, go for it.

I also agree with everyone else here and I'd suggest you just use a traditional exchange to swap coins. Most of the 'instant swap'-type sites out there are indeed pretty sketchy, and the ones that don't require KYC are generally pretty small and new as well.

it's possible a high lending rate a potential scam , i prefer reputation over extraordinary interest . do you know better lender ?

i know keeping bitcoin online is not safe , but in this terms of this site it's safe based on reviews .

i would not leave 1 btc in online wallet , but earning interest rate is good for me since i'm not trader .

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Quote from: squatter on October 29, 2019, 06:49:13 PM

I'm pretty sure Binance offers faster deposits than anywhere else. They recently dropped the number of required confirmations to 1 for bitcoin and 12 for ether. In contrast, Coinbase requires 6 confirmations for bitcoin deposits and 35 confirmations for ether.

It's like two weeks ago that we have witnessed a stale block on the Bitcoin network, and it will definitely happen again.

Bad Binance. Offering your traders convenience is never worth jeopardizing your own business. Bitmex also just requires 1 confirmation, but they at least manually process withdrawals once a day, while Binance withdrawals can be requested at any time of the day and are near instant.

Coinbase & Co wait for 3-6 confirmations for a reason. It's not done because they like to make people wait, but to obtain enough certainty that they will not lose any funds.

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Quote from: someoldcoins on October 30, 2019, 02:47:40 PM

i don't see reason to lock thread , anyone free to post .

yes i think i will try binance , i figure out they have interest rate if you joined the lending program .

i found flyp/holytransaction has accusations too . maybe it's better to use sites that recommended the most by crypto community .

Binance's annualized interest for lending's currently at just 0.78% for Bitcoin, and just 0.86% for BNB which comes out to just 0.0076BTC/year for BTC which is almost nothing per coin, not to mention they've got some sort of daily quota system implemented where they only accept so many people daily to lend (300BTC daily at the moment), but if you're willing to take that reward for the risk of keeping your coins on the site, go for it.

I also agree with everyone else here and I'd suggest you just use a traditional exchange to swap coins. Most of the 'instant swap'-type sites out there are indeed pretty sketchy, and the ones that don't require KYC are generally pretty small and new as well.

Topic: blockchain.com has good or bad exchange rate? (Read 403 times)