eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20 - page 11.

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legendary

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Crypto Swap Exchange

Quote from: NicolasVanScorpion on October 15, 2024, 02:41:28 AM

As the largest XMR exchange in the world (according to them), it has many options. But they decided themselves to be empty or semi-empty for a long time. Zero or ridiculous coin supply. They decided they would rather have millions dollars in coins that could be bought anywhere else in the world. It's all weird. Really strange for a business approach.

Ever since you started this drama, I've checked the XMR balance on eXch almost every time and there were always coins available in balance. For example, the XMR reserve right now is 971.032603476026

Quote from: NicolasVanScorpion on October 15, 2024, 02:41:28 AM

If I have to make an order, I prefer to use a normal CEX, for example TradeOgre or another. I don't have to go to an instant exchange.

This is a typical shill post for some obscure service. I looked a bit at the XMR offer on tradeogre, there is in total less than 300XMR in all open orders, which only supports the claim that you are trolling against eXch.

USDT/XMR

BTC/XMR

There is also a huge disproportion between supply and demand, exactly what you persistently claim is the defect of eXch.

NicolasVanScorpion

newbie

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Quote from: LoyceV on October 14, 2024, 02:52:19 PM

You don't seem to get eXch doesn't choose which trade their customers make. The customers do.

As the largest XMR exchange in the world (according to them), it has many options. But they decided themselves to be empty or semi-empty for a long time. Zero or ridiculous coin supply. They decided they would rather have millions dollars in coins that could be bought anywhere else in the world. It's all weird. Really strange for a business approach.

If I have to make an order, I prefer to use a normal CEX, for example TradeOgre or another. I don't have to go to an instant exchange.

I'm just an ordinary customer who wants to buy Monero instantly. Nobody pays me.

joker_josue

legendary

Activity: 1862

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**In BTC since 2013**

Quote from: eXch on October 14, 2024, 06:39:24 PM

There are whole teams of angry mob on Twitter spreading negativity about us all around, but in fact the more baseless negativity they write about us, the more ridiculous they look :-)

Congratulations on the success of your business. It really is the most consistent thing I've seen of its kind.

Maybe soon I'll apply to become an affiliate... I have to study that.

eXch

full member

Activity: 124

Merit: 1129

It seems like some of our competitors are really angry and frustrated to the point of being unable to do anything useful for their own business but going here under new accounts and talk random nonsense about eXch...
Our customer base grows daily while theirs decrease due to their AML/KYC scam business model that people don't want to buy anymore in the light of having better alternatives.
Just look what have we done here by ruining long-term plans of some projects that assumed bitcoiners are obedient sheep...
Not even to mention that this guy is not of the most annoying species.
There are whole teams of angry mob on Twitter spreading negativity about us all around, but in fact the more baseless negativity they write about us, the more ridiculous they look :-)

Cricktor

hero member

Activity: 714

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Crypto Swap Exchange

Quote from: NicolasVanScorpion on October 14, 2024, 02:14:31 PM

You sound like a broken record, not even worth quoting. Roll Eyes

Well, don't feed the trolls, fellas!

Oh wait... what's this Ignore link? Oh... inner peace... inner peace... inner peace...!

LoyceV

legendary

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: NicolasVanScorpion on October 14, 2024, 02:14:31 PM

They prefer to be empty. They prefer to keep millions of dollars in other currencies for which demand is weaker (according to them). Funny.

You don't seem to get eXch doesn't choose which trade their customers make. The customers do.

NicolasVanScorpion

newbie

Activity: 11

Merit: 0

Quote from: LoyceV on October 14, 2024, 12:28:41 PM

If there's an order book, the price will increase instead of causing a shortage.

They prefer to be empty. They prefer to keep millions of dollars in other currencies for which demand is weaker (according to them). Funny.

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legendary

Activity: 3472

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Crypto Swap Exchange

Quote from: JollyGood on October 14, 2024, 11:00:12 AM

Quote from: NicolasVanScorpion on October 14, 2024, 05:58:13 AM

..

Can you be honest and explain exactly why you are posting in a negative manner about eXch? They have no scam allegations against them and highly respected but you have nothing positive to say about them.

It was explained to him several times and in several ways how the swap on the eXch exchange works and the dependence on demand and supply, but somehow he refuses to understand. I don't think that he doesn't have the capacity to understand everything that was presented, I'd rather say that it's just plain trolling

LoyceV

legendary

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: NotATether on October 14, 2024, 12:22:07 PM

it wouldn't surprise me if even other platforms have a liquidity shortage.

That's why I wrote this:

Quote from: LoyceV on October 10, 2024, 04:46:05 AM

It would be very interesting to see how XMR prices would develop if there would be a non-KYC exchange for it.

If there's an order book, the price will increase instead of causing a shortage.

NotATether

legendary

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bitcoincleanup.com / bitmixlist.org

Quote from: d5000 on October 14, 2024, 09:10:20 AM

Seriously, from my experience availability is "intermittent", i.e. normally if you try again after some hours often there are some available. And as they're working with their own reserves without purchasing liquidity, the relative shortage can be expected due to relatively few exchanges offering XMR.

Everyone in that community is buying as much XMR as they can, so it wouldn't surprise me if even other platforms have a liquidity shortage.

JollyGood

legendary

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Top Crypto Casino

Quote from: NicolasVanScorpion on October 14, 2024, 05:58:13 AM

They drive customers away and make fun of them. I'll sum it up like this: ~snip~

It seems you have ulterior motives for expressing your unhappiness with eXch. Can you explain why?

Quote from: NicolasVanScorpion on October 14, 2024, 05:58:13 AM

But maybe everything is different. If they accept dirty public coins for Monero. Then the 5% fee is really ridiculously small, because it is usually 20% or more. Then suddenly everything is understandable. If that's the case, long may this business last until someone starts harassing them officially. But then they have low fees compared to others.

In any business model, if there is a consensus then it will have an effect. If people using eXch decide they do not want to use it for XMR because of the 5% fee then they are free to go elsewhere. As a result, it is the prerogative of the eXch team if they decided to lower the fee or not.

Can you be honest and explain exactly why you are posting in a negative manner about eXch? They have no scam allegations against them and are highly respected but you have nothing positive to say about them.

d5000

legendary

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Decentralization Maximalist

Currently there are again some XMR to grab Wink

Seriously, from my experience availability is "intermittent", i.e. normally if you try again after some hours often there are some available. And as they're working with their own reserves without purchasing liquidity, the relative shortage can be expected due to relatively few exchanges offering XMR.

XMR shortage may also be caused by the recent Kraken delisting in some European countries. Such delistings can lead to price drops of the XMR/USD price due to selling on the exchanges where the coin is delisted (because some users who have bought XMR for speculation usually don't want to bother with self-hosted wallets) without really having effect on the rest of the supply/demand equilibrium. This means that after such price drops the demand on other exchanges can drastically increase. It was extreme after the Binance delisting, but on a smaller scale, this was possibly what happened after the Kraken delisting too.

NicolasVanScorpion

newbie

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Quote from: LoyceV on October 14, 2024, 05:10:12 AM

I don't really get your beef with eXch.

They drive customers away and make fun of them. I'll sum it up like this:

Quote from: LoyceV on October 14, 2024, 05:10:12 AM

I say this because despite a 5% fee on buying, XMR on eXch is often sold out, while eXch bases the price on other exchanges. If the price would be higher, supply and demand would be more balanced.

But maybe everything is different. If they accept dirty public coins for Monero. Then the 5% fee is really ridiculously small, because it is usually 20% or more. Then suddenly everything is understandable. If that's the case, long may this business last until someone starts harassing them officially.

LoyceV

legendary

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: NicolasVanScorpion on October 14, 2024, 03:58:58 AM

When I watched it sometimes, eXch was always the biggest.

I don't really get your beef with eXch. Monero is a special case: more and more centralized exchanges delisted it, which makes me think the price is more based on actual usage than speculation. And that's a good thing, as there is no point in keeping a privacy coin on a centralized KYC exchange. That does mean it won't go up 100x any time soon, but the price (in dollars) is (a bit) stable.
I also think the price would go up if there were more trusted non-KYC exchanges trading Monero. I say this because despite a 5% fee on buying, XMR on eXch is often sold out, while eXch bases the price on other exchanges. If the price would be higher, supply and demand would be more balanced.

NicolasVanScorpion

newbie

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Quote from: ABCbits on October 14, 2024, 03:21:27 AM

It's clear you didn't do research. Currently, eXch shows 18.441 XMR (about $2.820.182 as 24h) while CoinGecko shows 3 exchange with higher 24h volume.

Gate is an exchange from which you can withdraw almost nothing. This can be deleted.

When I watched it sometimes, eXch was always the biggest. Sorry, I don't make daily charts. So today: top3 in the world

ABCbits

legendary

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Quote from: NicolasVanScorpion on October 14, 2024, 01:51:03 AM

Quote from: dkbit98 on October 11, 2024, 01:29:08 PM

This is not true, and you can verify that each day with 24h trade volume for each coin.
Monero is available now in reserves and I can see that in last 24h there was total of XMR 12222.532565559977 traded, plus all other coins.

You present yourself as one of the biggest XMR exchanges in the world, but always with an empty wallet. That's a joke.

You better to delist XMR like everyone else than to publicly ridicule yourself like this.

It's clear you didn't do research. Currently, eXch shows 18.441 XMR (about $2.820.182 as 24h) while CoinGecko shows 3 exchange with higher 24h volume.

NicolasVanScorpion

newbie

Activity: 11

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Quote from: dkbit98 on October 11, 2024, 01:29:08 PM

This is not true, and you can verify that each day with 24h trade volume for each coin.
Monero is available now in reserves and I can see that in last 24h there was total of XMR 12222.532565559977 traded, plus all other coins.

You present yourself as one of the biggest XMR exchanges in the world, but always with an empty wallet. That's a joke.

You better to delist XMR like everyone else than to publicly ridicule yourself like this.

dkbit98

legendary

Activity: 2212

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Quote from: NicolasVanScorpion on October 10, 2024, 02:39:12 AM

It's been impossible to use your exchange for months now.

Every time I go to your site, the XMR reserve is zero. What's going on?

This is not true, and you can verify that each day with 24h trade volume for each coin.
Monero is available now in reserves and I can see that in last 24h there was total of XMR 12222.532565559977 traded, plus all other coins.

Quote from: NicolasVanScorpion on October 10, 2024, 03:26:41 AM

XMR in high demand? Probably not. The price is long-term stable (or falling).

Again, this is not true.
You don't know what you are talking about.

Quote from: NicolasVanScorpion on October 10, 2024, 05:36:23 AM

You are weird.

No, you are being weird talking to yourself.

paid2

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Crypto Swap Exchange

Quote from: paid2 on September 29, 2024, 06:26:34 PM

Feel free to join the 19^th Free Raffle (out of 20!) to try to win a nice Custom eXch Cryptosteel Capsule!

[FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#19)!

Who wants to take the last spot? Cool

NicolasVanScorpion

newbie

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Quote from: paid2 on October 10, 2024, 07:55:02 AM

Btw, are the current 385 available XMR "fictitious"?

That's very nice of them to occasionally have some XMR in stock. Yes, they have something right now too. So I'm going to exchange quickly. I hope I can make it. I've bought from them in the past, but they've only had zero stock of XMR for a long time now.

They have now the same 24h volume as HTX or MEXC or Kraken - that's obviously a joke ... so eXch is one of the largest exchanges on the market. Big demand for Monero ... the price basically doesn't move. They are funny.

But it already turned out the same as it used to be with Binance - you have to wait a week (or month?) for real coins ... and still only embarrassing excuses.

They keep 356 BTC ($23000000), 50000 LTC ($3300000), ... but nearly zero (or zero) XMR in stock ... they are weird. Apparently, their calculations are messed up somewhere.

Topic: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20 - page 11. (Read 29112 times)