Author

Topic: Faa.st Swap: Any advice ? (Read 192 times)

legendary
Activity: 3080
Merit: 1353
April 09, 2019, 11:13:10 PM
#8
I only found review so far from this forum:

Faast an alternative to ShapeShift.io

They are fairly old but I don't know why they've out of the radar. This used to have a ANN thread here but it looks like it was deleted already.

So it's very weird, personally, I wouldn't deposit funds on that side, lack of review from the biggest community about crypto sounds a big alarm to me.
hero member
Activity: 3010
Merit: 794
April 09, 2019, 01:09:07 PM
#7
After many hours of searching, I found Faa.st and n.exchange are the services which offers one of the lowest minimum order for TUSD -> ETH. But reviews are so rare.
My goal is to store a fixed amount of stablecoins, and then to convert small amounts of them (about 3-5 $) to classic cryptocurrencies.
Changelly minimums are ~ 20$. Some shapeshift rates are interesting like ETH with a minimum of 2 TUSD, but I don't like the policies.
I also studied many exchanges, but the withdrawal minimums are too high.

Usually converting any stable coins to crypto involves huge amount of withdrawal fees that's why most investors doesn't go that route, one logical explanation doing it is when the price of crypto is really going down. Then you need to convert it to stable coins to somewhat cut your losses.

However, converting them to crypto is a big head-ache. I'm not familiar with with Faa.st though, and as you have said you can't find any reviews it means crypto enthusiast are not familiar with that website. So it's really up to you whether you want to take the 'risk' and uses that exchange.
Maybe he's already aware about that headache you do mention.

If we do just consider an exchange just for having a cheap service or offers the lowest one compared to others then it doesnt mean that it is already safe.There would really be
high chances of fraud yet as being said theres no such review with these exchanger, as for common sense why would you entrust these things?
legendary
Activity: 2576
Merit: 1655
April 09, 2019, 10:20:16 AM
#6
because there is not many who've used it before, then there's no choice but to try it on your own. just be careful and don't throw a lot of money over there. it is risky especially if you don't know who run the services.

sometimes choosing the cheapest service is not a good thing to do tho.

This one, although its cheap no question about it, but how about the services though? It is a trusted exchange? Would you bargain a few penny but in the end you will lose lots of money? You really need to weigh a lot of factors here not just because they have the cheapest fee around.
sr. member
Activity: 770
Merit: 268
April 09, 2019, 02:12:10 AM
#5
because there is not many who've used it before, then there's no choice but to try it on your own. just be careful and don't throw a lot of money over there. it is risky especially if you don't know who run the services.

sometimes choosing the cheapest service is not a good thing to do tho.
hero member
Activity: 2870
Merit: 594
April 08, 2019, 09:58:11 PM
#4
After many hours of searching, I found Faa.st and n.exchange are the services which offers one of the lowest minimum order for TUSD -> ETH. But reviews are so rare.
My goal is to store a fixed amount of stablecoins, and then to convert small amounts of them (about 3-5 $) to classic cryptocurrencies.
Changelly minimums are ~ 20$. Some shapeshift rates are interesting like ETH with a minimum of 2 TUSD, but I don't like the policies.
I also studied many exchanges, but the withdrawal minimums are too high.

Usually converting any stable coins to crypto involves huge amount of withdrawal fees that's why most investors doesn't go that route, one logical explanation doing it is when the price of crypto is really going down. Then you need to convert it to stable coins to somewhat cut your losses.

However, converting them to crypto is a big head-ache. I'm not familiar with with Faa.st though, and as you have said you can't find any reviews it means crypto enthusiast are not familiar with that website. So it's really up to you whether you want to take the 'risk' and uses that exchange.
newbie
Activity: 15
Merit: 8
April 08, 2019, 02:46:46 AM
#3
After many hours of searching, I found Faa.st and n.exchange are the services which offers one of the lowest minimum order for TUSD -> ETH. But reviews are so rare.
My goal is to store a fixed amount of stablecoins, and then to convert small amounts of them (about 3-5 $) to classic cryptocurrencies.
Changelly minimums are ~ 20$. Some shapeshift rates are interesting like ETH with a minimum of 2 TUSD, but I don't like the policies.
I also studied many exchanges, but the withdrawal minimums are too high.
jr. member
Activity: 55
Merit: 1
April 08, 2019, 02:21:42 AM
#2
I guess there are more trustworthy places to do crypto-crypto swaps.
The site you listed links to this github
https://github.com/danielgtaylor/aglio

You say the site is relatively new, but the software was produced 3-4 years ago and, apparently, hasn't been updated since. What made you choose this service?
newbie
Activity: 15
Merit: 8
April 08, 2019, 02:09:11 AM
#1
Hi people,

I plan to use the faa.st API ( https://api.faa.st/ ) for my business, to swap TUSD to ETH & other cryptocurrencies.
Minimum orders are very interesting compared to Changelly and there is a good choice of cryptos.

Anyone tried this relatively young service ?
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