Topic: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20 - page 6. (Read 30243 times)

I think SOL is a very important coin for every exchange.
Also, it would allow (I say allow, as in "option") the quotation of a series of other very interesting (for the exchange POV) coins.
Of course, this would imply some technical work, but I think SOL is a coin that cannot be ignored by an exchange

For DOGE, I don't know. It's a legacy meme coin, but I am not sure how easy it would be to implement the new meme coins.

Personally, i would prefer DOGE.

additionally,  I remember exch saying that they dropped their plans to support solana just a few months ago,  so I think it won't happen

Maybe this was my hidden doubt. 
Dash, obviously quite an "unpopular" coin, still occupies a place on eXch, thus certain resources. With a little over $5k of daily trading, on an exchange with over $40mil per day, Dash brings an insignificant percentage. Maybe it's time for Dash to be replaced ^{on eXch} by a more popular coin, SOL or something pretty actual.

I honestly don't care about dash and it's low trading volume, nobody I know is using it and it doesn't have real privacy like monero.

On positive note, I am was surprised to see over $3 million of DAI traded in last 24h on eXch.
This is multiple times more than USDT and USDC combined, and you can include few other coins there.

There is a problem. Monero is impossible to buy on eXch because it has almost always ZERO reserves.

Or its maybe the opposite-its performing bad because not many people are interested in it.

Thinking of it, I don't remember any of my friends even mentioning DASH in the last few years, let alone buying/hodling, but I still see it on crypto ATMs.

My take is this:

- Do you want strong privacy? If yes, buy Monero, because if you care about privacy, you'd probably prefer the best privacy protection with the least cost. Otherwise, buy bitcoin.

It's really that simple. In terms of performance, nobody beats bitcoin. People who are into the space for years know this, and store their savings in bitcoin. Is bitcoin the most convenient cryptocurrency to pay merchants? No. Monero, for example, is faster on-chain, cheaper and you don't have to select which txo to spend, as amounts are hidden.

Everything else that offers less privacy, or is less decentralized (e.g., Dash) will go obsolete, because if you're going to trade bitcoin, then there is no reason not to have the best privacy for so little cost.

Dash used to be a top10 coin in 2017, now it is about 170 in market cap rank.

I think most people lost interest because of its terrible performance in the past 7 years or so

DASH 193.66257456 24h trading volume 
Why has interest in this coin dropped so much?
I hope that even this small volume of trading with it, manages to cover the maintenance costs and that low profitability will not be a reason to remove it from the offer.

Hi, we have responded to all support tickets already. Please check your order.

As mentioned in our answer, our ETH node crashed and is currently resyncing.  All orders will be processed automatically when the node will be back to the normal state, it can take a few hours.

Edit: all relevant transactions are now processed, issue solved

It's easiest to point the finger at someone these days, especially if you know that someone won't or can't retaliate with something concrete, such as a defamation lawsuit. I don't know if it's just a coincidence, but as I've been following this topic, I've noticed that this isn't the first time someone has made these or similar accusations without clear evidence.

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We have to correct ZachXBT on his recent post where he mentioned eXch:


https://twitter.com/zachxbt/status/1859233128159551691
[nitter] [oshi.at screenshot]


For the public record, we hereby state that there are absolutely no indications of these funds exchanged through us being converted to Litecoin.

Meanwhile we couldn't extract the data to determine what currency was used exactly because we do not store any order data more than 15 days, we were still able to confirm that our node sent no identical LTC payments within that time frame, thus the affirmation about Litecoin outputs ZachXBT posted in his Tweet is 100% erroneous.

We have used the same technique ZachXBT and other investigators often use in investigations (on-chain transaction timing correlation across a set of different blockchains) to verify the veracity of ZachXBT's results and since we got more resource for that being the entity he tried to investigate, we were able to determine the absence of Litecoin transfers with more precision, confirming that the information published by ZachXBT assuming Litecoin outputs is false.

We hope amateur investigators like ZachXBT could reduce the amount of information based on assumptions in their publications, since they perfectly know that most of their audience can be easily misinformed with marketing purposes. It is also important to highlight that with mistakes like that amateur investigators like ZachXBT may put in danger innocent users who might be targeted by law enforcement by mistake because they (LE) often rely on information provided by amateur CT investigators like ZachXBT, EvilCos, Fun, SomaXBT, Tayvano and some others without additional verification or confirmation.

To be clear, we have reached ZachXBT with a correction comment before publishing this however did not receive any response.

At such moments I smile (I think eXch does too).  

Btw, if someone is expecting a correction, now is the time to make an exchange (at this very minute 180.00 USDT is available).

I don't know if they just got lazy or left everything to the AI. I always clearly provide a link to the original website with such reports, and I don't see how human intelligence would have any doubts about whether the report is good or bad. Some 5-6 years ago, most reports would have been resolved in 24-48 hours, we just have to see if we will be lucky enough to be noticed this time.

I haven't used eXch, but while assembling mock trades I noticed the more you trade the lower their fee percentage becomes.

As for arbitrage, with prices of various currencies being so volatile at the moment, a day trader could do quite well.  Or, lose the farm.  In my case my fear of the latter is significantly higher than my faith in the former.

That would make sense for the transaction fee, which is fixed. The trading fee is a percentage.

I don't expect much traders though: eXch follows the rates of other exchanges, so there's not much space for arbitrage trading.

Those complaints were sometimes unfounded. It's true that eXch often lacks ether and stablecoins, but the person who was complaining about monero, claimed there was never any reserves of it at all (if I remember correctly). That isn't true. They have monero available, but due to a big demand, the reserves often get depleted. As I am writing this post there is around 1000 XMR up for grabs.

Regarding day traders, I don't think they would be that interested in eXch. The fees are low for a privacy-centered exchange, but you will still get better rates on CEXs where most of the day trading takes place.

Day traders, you mean people using eXch for day trading?

I imagine that's going to be quite expensive unless absolutely huge values of crypto were traded at once (for example: tends of thousands of dollars worth) so as to make the exchange fee negligible.

I don't think anyone would use an exchanger for trading though - the fees would be too much.

Lately, there have been dissatisfied users because there was not enough XMR or ETH in the reserves. At times almost all eXch reserves were in BTC, obviously day traders also used this exchange.
We can only guess what kind of mess it would be if there were more different coins and networks. On that side, I understand the exch team more clear that they are not expanding the list of supported coins.