Forget about exchanger search! Use BestChange! - page 25.

examplens

legendary

Activity: 3472

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Crypto Swap Exchange

Quote from: LoyceV on March 15, 2021, 07:09:39 AM

Quote

They're all there; Bitfinex, Bitstamp, OkCoin, Gemini, CoinBase, Binance, and so on, although not popular.

I wouldn't call it a popularity problem. My guess is people who want to use the big exchanges already know where to find them. They don't go through BestChange.

it is not necessary to use them but it is good to have information next to and then you can compare the exchange rate from "unknown" exchangers with big players. In my experience, a big difference compared to the big players means that these exchangers haven't small or not enough volume.
it is certainly useful to have such information.

LoyceV

legendary

Activity: 3290

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Darker45 on March 14, 2021, 08:27:10 PM

Here's from CyberBTC:

I only checked the first one:
Image loading...

How exactly does this work? It looks like the claim gets cancelled the moment the exchange posts a reply, is that correct? That took first 6 and then 13 minutes only.
I'd love to see an official response on when exactly negative feedback is turned to neutral.

Quote

They're all there; Bitfinex, Bitstamp, OkCoin, Gemini, CoinBase, Binance, and so on, although not popular.

I wouldn't call it a popularity problem. My guess is people who want to use the big exchanges already know where to find them. They don't go through BestChange.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: LoyceV on March 14, 2021, 01:19:43 PM

Quote from: Darker45 on March 14, 2021, 07:09:35 AM

I noticed that there were negative reviews on certain exchangers and yet they've always got 0 under their negative reviews.

Can you share a link to an exchange with a negative review that doesn't show up?

There are a lot of them actually.

Here's from CyberBTC:

Here's one from Magnatus:

Here's from MyCryptoMarket:

A few from ExchangeX:

Basically, these are all negative reviews. That, we cannot deny. However, I now understand that if you drop a feedback, you should specify whether it is positive or a complaint. If you just drop a negative review by way of a comment, which is unclassified as a complaint, it wouldn't appear as a red. It's just a neutral one.

Quote from: examplens on March 14, 2021, 01:43:58 PM

~snip~

Thanks for pointing this out. Yeah, the more popular ones are usually at the bottom and have 0 positive reviews.

Quote from: LoyceV on March 14, 2021, 02:19:00 PM

Quote from: examplens on March 14, 2021, 01:43:58 PM

But none of them is not on the most popular exchangers statistics through BestChange monitoring. So, they have the most feedback, although they do not reach even 1% of the total exchanging traffic/popularity. They artificially pushed all those reviews or they have more loyal customers.

I didn't even know the large exchanges are mentioned on BestChange...

They're all there; Bitfinex, Bitstamp, OkCoin, Gemini, CoinBase, Binance, and so on, although not popular.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: examplens on March 14, 2021, 01:43:58 PM

But none of them is not on the most popular exchangers statistics through BestChange monitoring. So, they have the most feedback, although they do not reach even 1% of the total exchanging traffic/popularity. They artificially pushed all those reviews or they have more loyal customers.

I didn't even know the large exchanges are mentioned on BestChange, and I wouldn't use BestChange myself to find rates on one of the large exchanges. I did use it however to find where to exchange a small amount of a "weird" coin, and for that I used BestChange as a source to know the site is at least "a bit" reliable.

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: LoyceV on March 14, 2021, 01:19:43 PM

As a matter of fact, I cannot see even a single exchanger which has a negative review. All of them got 0.

I've seen a -1, but my assumption was it got sorted out again later. I do hope this doesn't get censored.
[/quote]

I saw this, even all negatives refer to well-known cex exchanges.

The fact is if you check the top 10 on the list sorted by positive feedbacks

But none of them is not on the most popular exchangers statistics through BestChange monitoring. So, they have the most feedback, although they do not reach even 1% of the total exchanging traffic/popularity. They artificially pushed all those reviews or they have more loyal customers.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Darker45 on March 14, 2021, 07:09:35 AM

I noticed that there were negative reviews on certain exchangers and yet they've always got 0 under their negative reviews.

Can you share a link to an exchange with a negative review that doesn't show up?

Quote

As a matter of fact, I cannot see even a single exchanger which has a negative review. All of them got 0.

I've seen a -1, but my assumption was it got sorted out again later. I do hope this doesn't get censored.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: LoyceV on March 14, 2021, 03:01:38 AM

Quote from: Darker45 on March 13, 2021, 09:45:02 PM

Anyway, what do the numbers under reviews signify? For example, 0/113. 113 is the number of reviews, right? I suppose the 0 refers to negative reviews? Am I right?

Correct. Hover your mouse, and you'll see a red 0.

Just as I thought. But I asked the question nevertheless just to confirm, and because I noticed that there were negative reviews on certain exchangers and yet they've always got 0 under their negative reviews. I even read a few which cried of scam and the like but still it's always 0 over a certain number of positive reviews, some even reaching hundreds. As a matter of fact, I cannot see even a single exchanger which has a negative review. All of them got 0.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Darker45 on March 13, 2021, 09:45:02 PM

I also noticed that there are obviously fake reviews. Apparently, many of those one-liner reviews are fake. But I wonder, does BestChange screen or moderate reviews of their listed exchangers? I doubt they do.

It's not really possible to stop fake reviews: even if BestChange would verify the user actually made an exchange, any site that wanted to increase their score could just make an exchange at their own site first, followed by the fake review.

Quote

Anyway, what do the numbers under reviews signify? For example, 0/113. 113 is the number of reviews, right? I suppose the 0 refers to negative reviews? Am I right?

Correct. Hover your mouse, and you'll see a red 0.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: Slow death on March 11, 2021, 12:15:16 PM

a question that came to my mind when two months ago I used your website was:

7money.co is at the top with many positive reviews

but magnatus.com is older than cyberbtc.com and magnatus.com is in the top 7

how do you prevent fake reviews?

I also noticed that there are obviously fake reviews. Apparently, many of those one-liner reviews are fake. But I wonder, does BestChange screen or moderate reviews of their listed exchangers? I doubt they do.

However, the default ranking shown on the site does not tell us anything about the quality of the exchange, right? The rank is according to rates. Those which offer the best ones are on the top.

Anyway, what do the numbers under reviews signify? For example, 0/113. 113 is the number of reviews, right? I suppose the 0 refers to negative reviews? Am I right?

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: Best_Change on March 01, 2021, 06:54:38 AM

[...]

I've used your site many times since years, I think that if memory serves me since 2016 that I use your site and at that time I used your site to buy bitcoin, I no longer remember the sites that were on your site but when I was going to buy bitcoin using my bank account I used your BestChange and did KYC and the funds took 3 days to reach my payza account because at that time payza had this policy of reviewing the transaction for 3 days... but everything always it went very well and I was always satisfied.

even when I exchange paypal for bitcoin, I used sites that were listed on your monitor

in my opinion KYC is not always a bad thing and your monitor has always offered a good service

a question that came to my mind when two months ago I used your website was:

7money.co is at the top with many positive reviews

but magnatus.com is older than cyberbtc.com and magnatus.com is in the top 7

how do you prevent fake reviews?

Best_Change

legendary

Activity: 1307

Merit: 2181

Buy/Sell crypto at BestChange

We have received the infromation form the exchanger that the user deepftuned has provided the required documentation and was refunded his funds. Please confirm.

We would like to note the KYC FAQ on our page:

Is going through AML/KYC procedure required in exchangers listed on BestChange?

Despite exchangers listed on BestChange not always have a special icon indicating the necessity of verification, a lot of them are obliged to comply with AML/KYC requirements according to which the client can be required to provide a set of documents shall his/her transaction deem suspicious. We advise you to carefully study the terms of service of the selected exchanger. AML/KYC policy is in line with international practices for combating money laundering. Exchangers listed on BestChange use these procedures to comply with AML/KYC requirements and not to abuse customer data or misappropriate their funds.

Here's the AML/KYC policy of the fox.exchange: https://fox.exchange/aml-kyc

The user's transaction was scanned and turned out to be suspicious, hence the request to go through KYC. In most cases when the transactions are scanned negativly for suspiciousness such KYC procedures are not required.

Bitcoin_Arena

copper member

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฿itcoin for all, All for ฿itcoin.

Quote from: paz-1991 on March 01, 2021, 03:43:59 AM

Hello, Thanks for inviting us to the discussion.

Before you start the exchange there is a big check box that you need to click that you agree to the AML/KYC policy with the link to it. The AML/KYC is very short and clear and everything is stated there.

But your homepage say exactly the opposite. Just look at it tell us if there's anything honest about the information there. "Completely anonymous" and KYC/AML can never be on the same side.

And the there is this;

Quote

Unlike most other exchanges, we don't hold customer deposits. Like this, your funds don't suffer custodial risk

But now you are holding someone's deposit, aren't you?

Such misleading statements on your homepage is what attracts people who hate KYC to use your exchange and then end up falling for the KYC trap. If you are serious about KYC then be very clear about it right from the beginning and also remove the all the information that misleads people

paz-1991

jr. member

Activity: 71

Merit: 1

Hello, Thanks for inviting us to the discussion.

Before you start the exchange there is a big check box that you need to click that you agree to the AML/KYC policy with the link to it. The AML/KYC is very short and clear and everything is stated there.

Every order is scanned for AML in order to keep a healthy trading environment and protect our users from receiving coins from suspicious activities.

It’s not reasonable that someone will want to trade on an exchange that doesn’t run AML checks and risk by getting coins from suspicious activities to the wallet, the labeled coins can become useless coins and they can jeopardize the other coins in the wallet.

We are sorry for the inconvenience but there are no shortcuts in compliance issues.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

Quote from: Best_Change on February 24, 2021, 06:47:39 AM

We have sent a request to the exchanger to clarify the situation and will keep you posted.

Had they responded to your queries? I have seen the Fox exchange still on your list. (For side note: there is no search button to find a specific exchange, I just use the browser find option. It would be better to add a search button on the site).

However the below quote drawn my attention,

Quote from: fox.exchange_is_a_SCAM on May 13, 2020, 06:25:10 AM

I only trusted them because they are being monitored at bestchange site. I do not trust them with my private documents. I hope bestchange admin will remove this scammer from their website to save other people from getting scammed.

The victim chose Fox exchange just because of its being monitored by BestChange. So I believe BestChange will take the right decision after discussion with the Fox exchange.

Best_Change

legendary

Activity: 1307

Merit: 2181

Buy/Sell crypto at BestChange

Quote from: deepftuned on February 21, 2021, 07:41:50 AM

Hi Bestchange,

I made a post yesterday explaining the issues im facing with Fox.exchange (https://bitcointalksearch.org/topic/i-think-im-getting-scammed-by-foxexchange-5318850) and i also added a complaint in fox.exchange's profile on Bestchange (https://www.bestchange.com/foxexchange-exchanger.html). I would like to ask if you can do something about it cause they're ignoring me for 10 days now (https://i.imgur.com/8tQumbN.png).

It doesnt seem fair that even though you can clearly see on Etherscan that my address is a BINANCE one and i also sent them proof that i have verified my BINANCE account with personal ID and KYC related stuff and they still try holding my coins without replying to me or without forwarding me to their owner so i can explain the issue and make them refund me.

Also i think it would be good if there was a KYC icon before people exchange funds and trust me im sure fox.exchange will remove their KYC/AML policy right away since when they added that policy they didnt notify anywhere on social media, telegram, their blog.

Thanks a lot

Hello deepftuned,

We have sent a request to the exchanger to clarify the situation and will keep you posted.

Thanks!

examplens

legendary

Activity: 3472

Merit: 3507

Crypto Swap Exchange

Quote from: Bitcoin_Arena on February 22, 2021, 05:16:27 PM

Hi, BestChange.
It looks like these fox.exchange owners are fooling people. First on their landing page they claim that they don't require any form of registration, email or identification documents apart from only one's crypto public address but then go ahead to ask for KYC

I remember them because of his logo ^{similar to MetaMask} and some of the scam accusations against fox.exchange. I find one of them like https://bitcointalksearch.org/topic/m.54422442

User paz-1991 introduced himself as part of the team, he also claimed here that there was no KYC in this exchanger.

Quote from: paz-1991 on February 01, 2019, 04:05:43 AM

Quote from: tippytoes on January 31, 2019, 06:37:05 PM

Where are you registered? Are you requiring kyc from your customers?

No KYC required, we do not require any documents and we do not have registration. fox.exchange is in the process of licensing its services in one of the crypto advocate countries.

Bitcoin_Arena

copper member

Activity: 2114

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฿itcoin for all, All for ฿itcoin.

Hi, BestChange.
It looks like these fox.exchange owners are fooling people. First on their landing page they claim that they don't require any form of registration, email or identification documents apart from only one's crypto public address but then go ahead to ask for KYC

They also claim they they don't hold customer's deposits which they did

What they are doing is not OK according to what's advertised on their website

Archived: https://archive.vn/urydY

deepftuned

newbie

Activity: 7

Merit: 0

Hi Bestchange,

I made a post yesterday explaining the issues im facing with Fox.exchange (https://bitcointalksearch.org/topic/i-think-im-getting-scammed-by-foxexchange-5318850) and i also added a complaint in fox.exchange's profile on Bestchange (https://www.bestchange.com/foxexchange-exchanger.html). I would like to ask if you can do something about it cause they're ignoring me for 10 days now (https://i.imgur.com/8tQumbN.png).

It doesnt seem fair that even though you can clearly see on Etherscan that my address is a BINANCE one and i also sent them proof that i have verified my BINANCE account with personal ID and KYC related stuff and they still try holding my coins without replying to me or without forwarding me to their owner so i can explain the issue and make them refund me.

Also i think it would be good if there was a KYC icon before people exchange funds and trust me im sure fox.exchange will remove their KYC/AML policy right away since when they added that policy they didnt notify anywhere on social media, telegram, their blog.

Thanks a lot

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Best_Change on February 20, 2021, 09:10:01 AM

If we get you right, the Calculator function should be able to solve this question: simply select the "Calculator" over the table of exchangers and enter the amount you are interested in

That is indeed what I was looking for, and it excludes exchanges that don't accept my amount. Thanks!

Best_Change

legendary

Activity: 1307

Merit: 2181

Buy/Sell crypto at BestChange

Hi LoyceV, thank you for your input and suggestions.

We have relayed them to the development team and will look into them. It should be said that we are currently working on a new version of the website.

As for KYC icons, those exchangers that do not have "verification" icon next to them usually do not require verification. The key word here is "usually". You can read in our FAQ, the answer to the question
"Is goind through AML/KYC procedures required in exchangers listed on BestChange" is

Despite exchangers listed on BestChange not always have a special icon indicating the necessity of verification, a lot of them are obliged to comply with AML/KYC requirements according to which the client can be required to provide a set of documents shall his/her transaction deem suspicious. We advise you to carefully study the terms of service of the selected exchanger. AML/KYC policy is in line with international practices for combating money laundering. Exchangers listed on BestChange use these procedures to comply with AML/KYC requirements and not to abuse customer data or misappropriate their funds.

But it should be noted, that the exchanger with the "verification" icon require KYC in any case, whereas those that don't have this icon would require it in extraordinary cases. The idea to sort exchangers based on this criteria has been also relayed to the team.

Quote from: LoyceV on February 20, 2021, 05:37:38 AM

Can you add the option to choose the amount to trade, then sort based on that? Because of the differences between network transaction fees and exchange fees, sorting based on a 1 BTC trade is likely to give a different suggestion than sorting based on a 0.002 BTC trade.
It would be great to be able to enter the amount to trade, and get a comparison based on that.

If we get you right, the Calculator function should be able to solve this question: simply select the "Calculator" over the table of exchangers and enter the amount you are interested in (either in giving or receiving) and the list will be sorted based on that amount.

Thank you again for all your ideas and valuable input!

Topic: Forget about exchanger search! Use BestChange! - page 25. (Read 13341 times)