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Topic: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20 - page 22. (Read 28017 times)

legendary
Activity: 1722
Merit: 4711
**In BTC since 2013**
I had a question - which may have even been answered (I apologize for the repetition).

I don't usually use the Bisq market, but being a P2P market, the exchange rate tends to be a little higher. Since eXch bases its price on the average value in the last few hours on Bisq. More or less, what is the % exchange rate difference compared to traditional exchanges?
legendary
Activity: 2576
Merit: 1248
 
 Got yesterday my Prize for the eXch Free raffle ! Grin

 Thank you !



Yes !

Here it is Grin






Thannnnks!
legendary
Activity: 2534
Merit: 6080
Self-proclaimed Genius
I'm not talking about Solana. ethereum L2s like arbitrum (my favorite obviously lol) are growing very fast and almost all exchanges accept them now. would bring more traffic wouldn't it? bridging from a l2 is now is also extremely cheap
There's a recent reply posted by OP regarding their stance on the possibility of adding other networks in page 26.
Refer to it for now. But if you need a direct answer, you may have to wait for OP's next reply.

Here's the quote:
I know that there was a discussion about it earlier, but what is the final statement, will there be or is it planned to integrate other "cheaper" networks than Ethereum and ERC20? I imagine that many would like the possibility of swapping to TRC20.

Most likely not and specially if the purpose of supporting the whole new network is only because of 1 stablecoin (USDT). USDC is quitting Tron by February 2025, DAI is Ethereum only, other stablecoins are either scam or potential scam. Almost every crypto company looks like this https://youtube.com/watch?v=soNnMObpiYM so I think you might understand our lack of motivation to support centralized stablecoins (we support them with risks assumed).
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
I'm not talking about Solana. ethereum L2s like arbitrum (my favorite obviously lol) are growing very fast and almost all exchanges accept them now. would bring more traffic wouldn't it? bridging from a l2 is now is also extremely cheap

There are literally dozens of Ethereum L2 and, personally, I don't see why arbitrum is better than any other (Base, Linea, polygon, OP, zksync, blast, scroll, etc etc) ...

Some exchanges accepts only USDT on mainchain, like exch.cx and bitstamp, for example.

I agree that it might bring some traffic, but it also adds development and maintenance costs
newbie
Activity: 2
Merit: 0
please add arbitrum eth/usdt/usdc/dai

will solve all our fees problem and waiting

this exchange the best regardless ‼️ this my only wish

They are very careful about adding pairs.

They even drop off their plans of adding Solana.

As far as I understand,  they are adding only coins which are already high established and valuable projects,  they do not think only about mining fees.

I'm not talking about Solana. ethereum L2s like arbitrum (my favorite obviously lol) are growing very fast and almost all exchanges accept them now. would bring more traffic wouldn't it? bridging from a l2 is now is also extremely cheap
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
please add arbitrum eth/usdt/usdc/dai

will solve all our fees problem and waiting

this exchange the best regardless ‼️ this my only wish

They are very careful about adding pairs.

They even drop off their plans of adding Solana.

As far as I understand,  they are adding only coins which are already high established and valuable projects,  they do not think only about mining fees.
newbie
Activity: 2
Merit: 0
please add arbitrum eth/usdt/usdc/dai

will solve all our fees problem and waiting

this exchange the best regardless ‼️ this my only wish
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
It just depends on how much the customer is willing to pay to use any service they seek and the same applies in all walks of life. If what the customer seeks is cheaper elsewhere they have to weigh up the saving/discount with all other benefits or detriments to using that particular service. In the end without a doubt, regular customers will continue to use eXch as an option for swaps they deem to be within their fee range.

Customers who value their privacy will likely still swallow the higher fees for XMR swaps on eXch if they need a quick swap when Bisq or other exchanges aren't an option for whatever reasons (time or privacy friendly payment method). As long as you have a suitable choice, you do yours.
hero member
Activity: 714
Merit: 1010
Crypto Swap Exchange
Customers who value their privacy will likely still swallow the higher fees for XMR swaps on eXch if they need a quick swap when Bisq or other exchanges aren't an option for whatever reasons (time or privacy friendly payment method). As long as you have a suitable choice, you do yours.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
I understand that the high fee is to protect against volatility, but I'm just stating that, by doing so, you isolate yourself from many potential clients.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
This high fee is only for XMR swap, all other pairs have significantly lower fees of 0.5%-1%
I think there was a similar discussion earlier, and some explanation is that the XMR swap fee depends on the current supply/demand ratio
That is true and full credit to eXch because they seem to run out of XMR regularly but end up topping the balance to replenish the amount available. They seem to be very popular for XMR swaps and have both supply and demand issues. Sometimes you have to wait for a short while until they top it up but in the end they always do it.

Having said that, when paying up to 5.5% in fees for XMR swaps is not feasible for the customer, he will go elsewhere but will probably continue to use eXch for other swaps.

Here is the message explaining why there is a highest fee for XMR:
Thank you  Smiley
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
Super, this is exactly what I was thinking, but it was complicated for me to search for a post.
thanks, paid2 for the effort
So, a higher fee is not about eXch's greed, just adapting to the actual market.

Yeap absolutely.

Here is the message explaining why there is a highest fee for XMR:

The service fee increase is a loss prevention mechanism of our exchange and usually only affects highly volatile coins, which in that case was XMR. Don't forget that we don't resell Binance like other swappers, so charging 0.5% which often causes a loss of our own reserves is not always an option.

The first service fee spike for XMR pairs was caused by OKX delisting XMR.

The second service fee spike for XMR pairs was caused by Binance attacking XMR by delisting announcement and price manipulation involving various techniques not obvious to most people (except ones who have been here enough to know how all this speculative market works and has nothing in common with tech)

As a service that provides its own liquidity for trades, we have to protect our liquidity from extreme volatily in order to prevent losing our capital.

If we increase a price by 5% 10% or 22% it means we only do it to protect ourselves from some factors currently affecting the coin's price and not to make extra gains.

We are barely able to make any profits even with a current 5% service fee but it's at least a good (and only) mean of protection against high volatility.

However, we are considering to keep 5% on selling XMR in future because our service is now used by many other services with a purpose of mixing, therefore it's absolutely inconvenient for us to work hard acquiring XMR then give it away for nothing to some other service that makes considerable gains based off our hard work acquiring XMR. Same for users who only use eXch for mixing their BTC through XMR - we don't consider it honest when some of them complain about 5% for the level anonymity they will take from our service without recurring to chaining their funds flow through different services that might cost them far more than just 5% (and who are often eXch's resellers).







I wonder why recently some pairs BTC-XMR for example charge 5% fees on eXch when just few months ago it was 0.5% fee ?
OP does all the pairs will soon be at 5% fee? or it will stay only for ETH-XMR BTC-XMR ?
It's sad this eXch was the best in the industry until it became overpriced just recently..

I understand i just hope this 5% fee will not apply to all the pairs in the future, and it is indeed for re-balancing the liquidity.

A price increase of 5% on XMR won't make us worse for sure, because first of all it's justified and secondly we are the only service offering a set of unique privacy/anonymity options and features.

And no, we do not plan to impose a 5% service fee to other pairs unless it becomes necessary, like it was/is in case of XMR.

hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
This high fee is only for XMR swap, all other pairs have significantly lower fees of 0.5%-1%
I think there was a similar discussion earlier, and some explanation is that the XMR swap fee depends on the current supply/demand ratio

Yeap absolutely.

Here is the message explaining why there is a highest fee for XMR:

The service fee increase is a loss prevention mechanism of our exchange and usually only affects highly volatile coins, which in that case was XMR. Don't forget that we don't resell Binance like other swappers, so charging 0.5% which often causes a loss of our own reserves is not always an option.

The first service fee spike for XMR pairs was caused by OKX delisting XMR.

The second service fee spike for XMR pairs was caused by Binance attacking XMR by delisting announcement and price manipulation involving various techniques not obvious to most people (except ones who have been here enough to know how all this speculative market works and has nothing in common with tech)

As a service that provides its own liquidity for trades, we have to protect our liquidity from extreme volatily in order to prevent losing our capital.

If we increase a price by 5% 10% or 22% it means we only do it to protect ourselves from some factors currently affecting the coin's price and not to make extra gains.

We are barely able to make any profits even with a current 5% service fee but it's at least a good (and only) mean of protection against high volatility.

However, we are considering to keep 5% on selling XMR in future because our service is now used by many other services with a purpose of mixing, therefore it's absolutely inconvenient for us to work hard acquiring XMR then give it away for nothing to some other service that makes considerable gains based off our hard work acquiring XMR. Same for users who only use eXch for mixing their BTC through XMR - we don't consider it honest when some of them complain about 5% for the level anonymity they will take from our service without recurring to chaining their funds flow through different services that might cost them far more than just 5% (and who are often eXch's resellers).







I wonder why recently some pairs BTC-XMR for example charge 5% fees on eXch when just few months ago it was 0.5% fee ?
OP does all the pairs will soon be at 5% fee? or it will stay only for ETH-XMR BTC-XMR ?
It's sad this eXch was the best in the industry until it became overpriced just recently..

I understand i just hope this 5% fee will not apply to all the pairs in the future, and it is indeed for re-balancing the liquidity.

A price increase of 5% on XMR won't make us worse for sure, because first of all it's justified and secondly we are the only service offering a set of unique privacy/anonymity options and features.

And no, we do not plan to impose a 5% service fee to other pairs unless it becomes necessary, like it was/is in case of XMR.
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
On the eXch website it is showing 5% on the dynamic rate fee and 5.5% on the flat rate fee. When taking in to consideration there are several options to swap, you are right the fees are certainly very expensive when comparing them. If Bisq fees are circulating around 1.48% then any competitor should really be very close to that mark unless they have exceptional reputation that drives their higher fees. Maybe eXch will revise the fees in the near future to stay within range of alternative options.




Personal feedback: 5% as a service fee in XMR swap is very expensive. Right now, in Bisq, you can buy XMR with only 1.48%, without taking into consideration that you can create your own offer.
This high fee is only for XMR swap, all other pairs have significantly lower fees of 0.5%-1%
I think there was a similar discussion earlier, and some explanation is that the XMR swap fee depends on the current supply/demand ratio
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
On the eXch website it is showing 5% on the dynamic rate fee and 5.5% on the flat rate fee. When taking in to consideration there are several options to swap, you are right the fees are certainly very expensive when comparing them. If Bisq fees are circulating around 1.48% then any competitor should really be very close to that mark unless they have exceptional reputation that drives their higher fees. Maybe eXch will revise the fees in the near future to stay within range of alternative options.




Personal feedback: 5% as a service fee in XMR swap is very expensive. Right now, in Bisq, you can buy XMR with only 1.48%, without taking into consideration that you can create your own offer.
legendary
Activity: 2212
Merit: 7064
This Animesh phishing is a convenient red herring.
It's not cool to use alt accounts like this activating it for the first time since 2021, talking to yourself, and it's pretty obvious to everyone who you really are btw Tongue
I have been neutral and just watching the recent drama but I had to step in and finally say something.
That doesn't mean that I am defending anyone but I don't like what I saw in last few pages of this topic.

Personal feedback: 5% as a service fee in XMR swap is very expensive. Right now, in Bisq, you can buy XMR with only 1.48%, without taking into consideration that you can create your own offer.
And in Bisq fork haveno.exchange, but question is can you exchange larger amounts quickly Wink
https://monero.boats/

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Personal feedback: 5% as a service fee in XMR swap is very expensive. Right now, in Bisq, you can buy XMR with only 1.48%, without taking into consideration that you can create your own offer.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
I found the affiliate link of eXch anyone use the affiliate link with your own signature?
I don't think using affiliate links in our signatures can count as public affiliation [the only thing that they allow for normal users] simply because of the fact that there's no easy way to verify we didn't abuse it.
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
I found the affiliate link of eXch anyone use the affiliate link with your own signature?



Good luck to those who will join on the raffle and it seems that no one yet taking my favorite position so I'm going to join too.

Edited: Someone already posted my favorite numbers I'm a bit late.


legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I will try to enter this competition and see how it goes. Just as you stated, I would like to wish all participants the best and also appreciate the efforts by paid2 and eXch for their efforts  Grin

Once again, thank you paid2 & eXch!

I didn't have any luck so far, but hope dies last! Let's see if this time I'll be luckier than before...
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