eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20 - page 16.

NicolasVanScorpion

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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

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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

Activity: 11

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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

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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

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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

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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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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

Activity: 11

Merit: 0

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.

paid2

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

Talk, talk, ... but your XMR treasury has been empty for months ... and (fictitious?) trade volumes - the largest on the market.

You are mistaken, I want to buy XMR from you, but it is impossible in the long term. You are weird.

Just open some backorder like eXch Support told you, you will get XMR when there is some available (like just right now... Roll Eyes

)

I exchange XMR on eXch each week without any problem, the displayed volume is real (as far as i know, they have nothing to win to lie about it), you just seem to not understand the concept of backorder, if they have more ongoing orders than liquidity you won't see any available liquidity, but it doesn't say that they don't have liquidity at all, people are just in a sort of queue waiting for XMR to be sold to eXch in order to get theirs

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

NicolasVanScorpion

newbie

Activity: 11

Merit: 0

Quote from: NicolasVanScorpion on October 10, 2024, 04:38:16 AM

It may be hard for you to believe, but there are probably even now some open orders waiting for new funding to be executed. I challenge you to prove your theory, sell 1000 XMR on eXch and watch how long it lasts.

Talk, talk, ... but your XMR treasury has been empty for months ... and (fictitious?) trade volumes - the largest on the market.

You are mistaken, I want to buy XMR from you, but it is impossible in the long term. You are weird.

examplens

legendary

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Quote from: NicolasVanScorpion on October 10, 2024, 04:38:16 AM

Weird and interesting at the same time. But the result is that your treasury is still empty. You probably have the wrong prices set for your services.

Based on this, it seems as if you are angry at eXch because they don't have enough XMR to cover the demand, while you don't see the problem in the fact that most other exchanges have stopped XMR withdrawal

Quote from: NicolasVanScorpion on October 10, 2024, 04:38:16 AM

With your displayed 24h volumes (which are absolutely unbelievable) - you are the biggest exchange on the market (with an empty treasury - ironic). So the price of Monero is set (according to you) mainly by you. There is obviously some mistake somewhere.

It may be hard for you to believe, but there are probably even now some open orders waiting for new funding to be executed. I challenge you to prove your theory, sell 1000 XMR on eXch and watch how long it lasts.

LoyceV

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Quote from: NicolasVanScorpion on October 10, 2024, 04:38:16 AM

You probably have the wrong prices set for your services.

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

NicolasVanScorpion

newbie

Activity: 11

Merit: 0

Quote from: eXch Support on October 10, 2024, 03:55:10 AM

It's precisely because XMR is in high demand on eXch that our reserves are so often empty, in particular because there are many backorders which are often draining our liquidity. XMR is in high demand on eXch because we provide a high-quality service respecting your privacy, we aren't doing anything wrong.

Weird and interesting at the same time. But the result is that your treasury is still empty. You probably have the wrong prices set for your services.

Quote from: eXch Support on October 10, 2024, 03:55:10 AM

(By the way, I don't think that comparing the demand for a coin on eXch with its market price is the right way to think, especially for XMR)

With your displayed 24h volumes (which are absolutely unbelievable) - you are the biggest exchange on the market (with an empty treasury - ironic). So the price of Monero is set (according to you) mainly by you. There is obviously some mistake somewhere.

examplens

legendary

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

(from which real XMR coins could not be withdrawn for years + KYC).

You have just answered the question that is bothering you. The demand for XMR is significantly higher than the offer on eXch precisely because you cannot buy XMR on a large number of other exchanges. I assume that from this you can conclude why there is a greater demand at eXch for buying XMR, and not at Binance, for example.
You want to have XMR in your wallet, and you mention Binance and exchanges where withdrawal is stopped as an example. Huh

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

You probably have lower prices compared to other exchanges that sell real XMR coins with no KYC and no effort.

How many truly no-kyc exchanges have an unlimited amount of XMR to withdraw?

eXch Support

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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). The fault will be elsewhere.

It's weird. You are probably doing something wrong when you are obviously still empty and driving your customers elsewhere.

It's precisely because XMR is in high demand on eXch that our reserves are so often empty, in particular because there are many backorders which are often draining our liquidity. XMR is in high demand on eXch because we provide a high-quality service respecting your privacy, we aren't doing anything wrong.

(By the way, I don't think that comparing the demand for a coin on eXch with its market price is the right way to think, especially for XMR)

NicolasVanScorpion

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Activity: 11

Merit: 0

Thanks for the reply and advice.

Quote from: eXch Support on October 10, 2024, 03:15:21 AM

As nc50lc mentioned, XMR is in high demand and our reserves are regularly empty.

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

It's weird. You are probably doing something wrong when you are obviously still empty and driving your customers elsewhere.

Maybe you have bad price levels. Then arbitrage bots take it all out. You probably have lower prices compared to other exchanges that sell real XMR coins with no KYC and no effort.

For a long time you relied on OKeX and Binance price (from which real XMR coins could not be withdrawn for years + KYC + they had a decoupled price from the others). It will probably be similar problem now.

https://web.archive.org/web/20240105134403/https://exch.cx/

Quote

Current rate is a median value based on the latest trading data of the following markets: Binance, OKEX, ...

It doesn't matter. I will probably use something else again. Good luck.

eXch Support

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

Are you planning to remove Monero? ... or have you already done so?
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?

As nc50lc mentioned, XMR is in high demand and our reserves are regularly empty.

However, as you can see in our last 24h volumes, we have not removed it (nor planning to do for now), and if you would like to get XMR when it's empty you can still open a backorder (this is done like any other order), and wait for the required reserve to become available. Once the reserve is available, the order gets executed in a priority automatically. Meanwhile the order is awaiting for reserves, there is an option to request for an automatic refund anytime if you consider a refund necessary.

NicolasVanScorpion

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Quote from: nc50lc on October 10, 2024, 02:52:06 AM

I'm not the owner but your timing may be late since if you check its "24h volume", there were XMR reserves.
It's just this coin is very in-demand.

Poloniex had XMR withdrawals closed for about a year and still had high trading volume. Trading volume is just a fiction with most exchanges. Exch often shows 24h volume larger than Kraken, which is obviously a joke. But it does not interest me as a customer. I need real coins. However, their treasury is still empty.

High demand? I don't think so. The price does not move. Elsewhere, coins are sold without problems. Why do you think that? Apparently they have some other problem.

nc50lc

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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?

I'm not the owner but your timing may be late since if you check its "24h volume", there were XMR reserves.
It's just this coin is very in-demand.

For example: there were more than 1000XMR in the first archived page and none on the next (both Oct10, just a few hours earlier),
With 1 & 1/2 hours difference but the reserve may have been sold earlier than that.

NicolasVanScorpion

newbie

Activity: 11

Merit: 0

Are you planning to remove Monero? ... or have you already done so?

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?

Topic: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20 - page 16. (Read 30989 times)