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Topic: blockchain.com has good or bad exchange rate? (Read 453 times)

full member
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January 05, 2020, 04:18:15 PM
#35
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.

25k
copper member
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Limited in number. Limitless in potential.
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.
full member
Activity: 252
Merit: 105

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
hero member
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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.
full member
Activity: 252
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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    .
 

hero member
Activity: 2366
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Bitcoin = Financial freedom


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.
full member
Activity: 252
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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
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 .
hero member
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Bitcoin = Financial freedom
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.
full member
Activity: 252
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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
legendary
Activity: 2170
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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.
hero member
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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 ?
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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.

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 .
full member
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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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@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

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

legendary
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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.

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.
legendary
Activity: 1652
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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.
copper member
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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.
full member
Activity: 252
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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 .
legendary
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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.
legendary
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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.
full member
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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 .
hero member
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blockchain came as very handy to me but i don't use now to store coins .instead i use cold wallet .
I did used blockchain.info wallet earlier when noKYC required for swapping coins,if there is need for small swaps from btc to eth for gas fee but they changed their terms that is the reason why they were asking to confirm lot of identity to approve swap things.

Since you already mentioned binance will be the better choice,better lock this thread now or still looking for alternative?

If yes coinomi wallet got the same function which uses changelly but understand the risk of swapping huge amounts using changelly or any other anonymous exchange.
legendary
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STOP SNITCHIN'
i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .
The depositing depends on your transaction fee and base on my experience for BTC they wait for 3 to 5 confirmation but for altcoin they wait for more than 20+ confirmation before you able to trade in Binance/

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.

Also, you'll generally get better prices trading on Binance than using instant swap services.
full member
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i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .
The depositing depends on your transaction fee and base on my experience for BTC they wait for 3 to 5 confirmation but for altcoin they wait for more than 20+ confirmation before you able to trade in Binance/

Don't forget the promo discount from Binance where you can save the fee while trading since you are looking for low/cheaper fee this is what I think you are looking for.

- Creating a new Binance account just for the sake of getting the new discount

thanks for promo code , i guess this will not work for me then .

maybe i will look into flyp
legendary
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i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .
The depositing depends on your transaction fee and base on my experience for BTC they wait for 3 to 5 confirmation but for altcoin they wait for more than 20+ confirmation before you able to trade in Binance/

Don't forget the promo discount from Binance where you can save the fee while trading since you are looking for low/cheaper fee this is what I think you are looking for.

- Creating a new Binance account just for the sake of getting the new discount
full member
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thanks for replies


@hugeblack

i thought changelly charge extraordinary fees .


i never heard about  flyp but i think it worth checking .


i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .


blockchain came as very handy to me but i don't use now to store coins .instead i use cold wallet .
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OP the best thing you can do right now is use an exchange like Binance. I know you have hassle and want to make exchanges instantly but i use Binance almost daily. If i want to exchange some coin, the whole process take less than 30 minutes... sending in the coin i want to swap and receiving the coin i want especially coins with quicker confirmation times than BTC.

The Advantages of doing trade yourself in binance;

- Way cheaper rates (services like changelly have some extra fees they charge you on top of slippage rates)
- Withdraw fees are the cheapest for most coins across all exchanges even for BTC (0.0003 BTC)
- High liquidity, your orders get filled pretty quick so long as they are within the market price range
- NO KYC for withdraw limits of 2 BTC every 24 hours
- You have control of selling your coins at whatever rate you want.
Other exchanges that have no KYC for certain limits (atleast the ones i have used) are Kucoin, Huobi, Okex but their withdrawal fees vary

Disclaimer; am not advertising binance in any way.



@OP

What about switching to Binance or Bitmex?
Yes Bitmex has no KYC and the withdrawal fees are also friendly, 0.0003 BTC just like Binance but you can not swap coins using it. The only coin you can deposit and withdraw is BTC(XBT)
Also, Bitmex's withdrawals are done only once a day in a batch (that is every day at around 13:00 UTC)
legendary
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Coinomi has Changelly still listed, which is quite weird after such a long period of time of complaints and scam accusations. Considering that a lot of noobs use Coinomi as their shitcoin wallet that lists forks and airdrops swiftly after creation, we can expect the complaints against Changelly to pile up even further as they are just as swift with providing a market for that garbage.
Even Ledger has Changelly listed (the first option, at the top of the "Buy crypto assets" page - which has it's own tab in the navigator). And that's because everyone says "buy and Ledger" for the newbies asking which wallet they should use.

The only quick-trading website that was """good""" as less-shady was Shapeshift, and AFAIK they require KYC now.
legendary
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Lots of issues and scam accusations against changelly so, its a no for using them.

Coinomi has Changelly still listed, which is quite weird after such a long period of time of complaints and scam accusations. Considering that a lot of noobs use Coinomi as their shitcoin wallet that lists forks and airdrops swiftly after creation, we can expect the complaints against Changelly to pile up even further as they are just as swift with providing a market for that garbage.

The last time I used Changelly was when I converted some BTG to Bitcoin last year, and it took hours to get it completed. The trade was put on hold because the price of BTG dropped, but when it went back above the rate I initiated the trade at, they went through and sent me the Bitcoin. I'm sure they would have cancelled the trade if the price didn't recover.
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i would reiterate that changelly is a questionable service. admittedly, they were the top choice when shapeshift mandated KYC but they have been pulling the selective KYC scam for a while now.
Lots of issues and scam accusations against changelly so, its a no for using them.

flyp.me is a good choice as well, they don't require you to have make an account just your receiving address which is good for your privacy. While binance is your best choice only if you will trade under 2 btc so you will not be required to do their KYC and if your country is not on their restricted countries.
legendary
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i've had good experiences with flyp.me for instant accountless crypto-to-crypto trading. it's been a few months though, and things change very quickly in this space so you should do some additional research.

I saw some people having problems here in this forum with changelly few time ago.
You can check here
 https://bitcointalk.org/index.php?action=trust;u=823207
There are other alternatives such as instaswap and easyrabbit,.

i would reiterate that changelly is a questionable service. admittedly, they were the top choice when shapeshift mandated KYC but they have been pulling the selective KYC scam for a while now.
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@OP

What about switching to Binance or Bitmex? Both don't have KYC (up to a daily limit, at least with Binance) You have alternatives like Fyp.me too but since you care about your privacy you could simply download your own wallets and use decentralized exchanges. The costs surely will not be any worse than using blockchain.com wallets
legendary
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bitcoindata.science
I think the best option is to use https://changelly.com, cheap fees as the conversions don't take time[*].
It is better for you not to trust them when it comes to large deposits. There are some cases where problems have occurred so try small money.


[*] block confirmations are related to the network, fees and some technical variables, not the type of wallet or platform you send.

I saw some people having problems here in this forum with changelly few time ago.
You can check here
 https://bitcointalk.org/index.php?action=trust;u=823207
There are other alternatives such as instaswap and easyrabbit,.

I used already all of those services, and the exchange rate is somehow good for low volume (better than exchanges, as there is no withdrawal fee).

You should compare the rates of all known services and pick one
legendary
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Stay away from anything related to that wallet or platform (Blockchain.info,) there are many risks and many alternatives.

sometimes I want to swap cryptocurrency to another without the hassle of sending the coin to external third party wallet or paying higher fees.
All exchange transactions are done like that but don't show in the interface.

also where the best place for crypto-to-crypto exchange with short block confirmations,low minimum and fees ?
I think the best option is to use https://changelly.com, cheap fees as the conversions don't take time[*].
It is better for you not to trust them when it comes to large deposits. There are some cases where problems have occurred so try small money.


[*] block confirmations are related to the network, fees and some technical variables, not the type of wallet or platform you send.
full member
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hi

sometimes i want to swap crypto currency to another without hassle of sending coin to external third party wallet or paying higher fees.


i like privacy specially when it's coming to my wallet but blockchain require id/passport to exhcnage coins .


anyone think it worth to use their non standard feature with kyc ? this tool is being advertised as cheap , long time ago they have partnered with shapeshift and rates was totally rippoff  , i don't know what they are using now but there is no real reason for me to trust them .


also where the best place for crypto-to-crypto exchange with short block confirmations,low minimum and fees ?
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