Indeed, $160 isn't that much, but I'm not sure where they're going with this. On a technical level, it probably doesn't impact their fees or operations much whether folks are trading $160 versus $16. The fees likely stay the same no matter the trade size.
Maybe theyre trying to dissuade smaller-time traders from overwhelming their system. Or perhaps they got other motivations for setting the bar so high but it's a bit of a bummer especially with Godex still being kinda unknown. People are rightly wary of new services like this, so letting people start small would make sense while they builds up trust.
Topic: Godex.io - Anonymous Crypto Exchanger ♻️ No Registration & No Limits - page 4. (Read 3459 times)
September 01, 2024, 03:35:53 AM
August 31, 2024, 05:55:09 PM
However, the minimum limit will force you to deposit more than $160 in crypto I don't think all of us could afford it I'm sure only customers would use this service are big companies.
$160 is not a large amount and this does not mean that the exchange is only for big businesses.I would certainly support the proposal to consider reducing the minimum limit. So, for example, if I only need a certain amount of some currency, I am forced to buy more than I need, and later I have to look again for a solution of what to do with that excess.
August 30, 2024, 10:28:53 AM
Hmm, I've seen many posts regarding the same point on this page, well for an average trader minimum limits should be constant like we see on the centralized platforms where $10 is a standard limit for every pair, I'm not saying it should be $10 here as well but in order to attract more traders the minimum trade amount should be as lower as possible.
I'll try some pairs soon, to check the fees structure as well.
I'll try some pairs soon, to check the fees structure as well.
About the limit, it seems it's around $160 no changes yet on the minimum but I hope they should decrease the minimum limit there's a similar service offer here on the forum but the minimum limit they offer is below $50 which is better the only problem is that they have AML policy that is the good thing here on Godex no AML means no KYC needed. However, the minimum limit will force you to deposit more than $160 in crypto I don't think all of us could afford it I'm sure only customers would use this service are big companies.
I hope Godex change the minimum limit because there are many small traders out there who looking for exchanges like this with no KYC with lower minimum limit.
August 30, 2024, 09:18:43 AM
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August 29, 2024, 07:52:10 AM
- You don't clarify to the user what the percentage of the amount will be paid as a fee. I've been searching this for a couple of minutes, and I couldn't find the pricing of fixed and variable rates. (Not even in the FAQ.)
This is the easiest issue to address so I would suggest to the OP that they take care of this as soon as possible. The other issues might require a lot of man-hours of programming to fix, so I guess we shouldn't be surprised if we don't see those changes implemented until at least October. Even the reduction of the minimum trade amount, because maybe that would eat into their fees.
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August 26, 2024, 08:09:54 AM
I think those values are way to high to average users. Can't this be changed?
Although they fix an average of $160 as a minimum for most trading pairs, most of the complaints about them were not due to that.
This platform is a good option for those who want to search for a trading pair that may not be available on most platforms, so changing the average minimum to $50 will increase the number of transactions.
I also agree that the minimum exchange value should be way less. I tried exchanging 0.001 BTC (around $60) and I couldn't do it. It says that minimum is 0.003 BTC. That's OK for a well-established exchange, but for a new exchange I would rather test it with 50 bucks or so and if that goes well, I would be OK to exchange more.
Also, when choosing a currency it's pretty laggy. It takes about a second or two to open a menu with currencies. Maybe it's because there is a lot of currencies offered, but maybe the solution is not to display any currency until a user start typing the name of the currency.
August 25, 2024, 01:48:34 PM
I think it needs to be edited or added to the FAQs, how much exactly the minimum limit can be traded or swapped?
Hmm, I've seen many posts regarding the same point on this page, well for an average trader minimum limits should be constant like we see on the centralized platforms where $10 is a standard limit for every pair, I'm not saying it should be $10 here as well but in order to attract more traders the minimum trade amount should be as lower as possible.
I'll try some pairs soon, to check the fees structure as well.
August 25, 2024, 02:00:46 AM
Just a quick review, in terms of the user interface its user friendly and its easy to navigate the platform without too much hassle also I like being creative in the part "How it works" it gives an explanation and imagery at the same time for the viewers, also the website is responsive, I tried to exchange some of my BTC into other coins in terms of being responsive with the coin you choose it takes like almost 5 - 7 seconds before it loads the specific coin I choose well in my part its not too much an issue, next is once you choose a coin there's a network under this I guess its ideal if you add a plain text or header text with it as indicator to choose a network. Also it detects an invalid address which is good too. In terms of transaction I don't have a trouble yet beside on the minimum transaction needed.
August 22, 2024, 01:54:56 AM
I think those values are way to high to average users. Can't this be changed?
Although they fix an average of $160 as a minimum for most trading pairs, most of the complaints about them were not due to that.
This platform is a good option for those who want to search for a trading pair that may not be available on most platforms, so changing the average minimum to $50 will increase the number of transactions.
August 21, 2024, 10:35:57 PM
It is a nice design and the fact that the platform supports so many different coins is a very good advantage over the competitors in this category. I specifically liked the Tether support on all the chains it exists on.
But like all of them this platform has the same disadvantage which is the offered exchange rates, which is the "hidden fee" for using such services. Fore example right now the bitcoin exchange rate is between $2000 and $3000 below the market value depending on the amount of bitcoin you want to sell (the smaller btc the bigger the gap).
For example on the other platform that is advertising on this forum as well exchanging 0.01 bitcoin would give you $598 (current price is 60k so $2 fee) but on Godex it will give you $577 ($23 fee). That is too expensive.
But like all of them this platform has the same disadvantage which is the offered exchange rates, which is the "hidden fee" for using such services. Fore example right now the bitcoin exchange rate is between $2000 and $3000 below the market value depending on the amount of bitcoin you want to sell (the smaller btc the bigger the gap).
For example on the other platform that is advertising on this forum as well exchanging 0.01 bitcoin would give you $598 (current price is 60k so $2 fee) but on Godex it will give you $577 ($23 fee). That is too expensive.
August 21, 2024, 04:22:14 PM
The UI looks good, as a typical quick coin-swap service. However, I'm disappointed about the following:
That being said, I wish you the best.
- You don't accept LN.
- You generally don't accept small amounts. The min BTC deposit has to be 0.003, and the min XMR deposit has to be 1. Your main competitor (eXch) allows exchanging negligible amounts.
- You don't clarify to the user what the percentage of the amount will be paid as a fee. I've been searching this for a couple of minutes, and I couldn't find the pricing of fixed and variable rates. (Not even in the FAQ.)
- You seem to me a little bit more pricey. For example, with 1 BTC you get 939 LTC in your platform, whereas in your competitor I could get 949, which is 1% of the amount, but still, quite a lot for large amounts. (However, you do charge less for XMR, and that's a good thing.)
That being said, I wish you the best.
August 20, 2024, 04:50:07 PM
First feedback:
Looks very simple and clear
Website also in German available, top!
Will swap some shitcoins to BTC if I need that
Have linked the exchange to the German newbie section / link list.
Have a look into the first page from our German newbie section, maybe also interesting links for all…
https://bitcointalksearch.org/topic/--5299615
Best regards,
Willi
Looks very simple and clear
Website also in German available, top!
Will swap some shitcoins to BTC if I need that
Have linked the exchange to the German newbie section / link list.
Have a look into the first page from our German newbie section, maybe also interesting links for all…
https://bitcointalksearch.org/topic/--5299615
Best regards,
Willi
August 20, 2024, 02:35:18 PM
I have translated this topic to portuguese:
https://bitcointalk.org/index.php?topic=5506789.new#new
I was going to make a SWAP to test the service, but I was impressed by the minimum amounts!!
Minimum 1.7 SOL = 250 USD
0.06 ETH = 155 USD
0.003 BTC = 180 USD
2.38 LTC = 150 USD
I think those values are way to high to average users. Can't this be changed?
According to the FAQ , the minimum amount should only exist to cover mining fees
https://bitcointalk.org/index.php?topic=5506789.new#new
I was going to make a SWAP to test the service, but I was impressed by the minimum amounts!!
Minimum 1.7 SOL = 250 USD
0.06 ETH = 155 USD
0.003 BTC = 180 USD
2.38 LTC = 150 USD
I think those values are way to high to average users. Can't this be changed?
According to the FAQ , the minimum amount should only exist to cover mining fees
Quote
blockchain requires to pay so called Miner Fee, so Godex.io has a minimal transaction volume to cover it.
https://godex.io/faq
https://godex.io/faq
August 20, 2024, 01:43:44 PM
I don't usually have other currencies besides Bitcoin. So I end up not having many changes to make.
But, I was checking, and although Chia (XCH) is listed on the website, it is not possible to exchange it for another currency. Although on the currency page, indicate whether it is possible to exchange.
Is there a way to change Chia or not?
But, I was checking, and although Chia (XCH) is listed on the website, it is not possible to exchange it for another currency. Although on the currency page, indicate whether it is possible to exchange.
Quote from: https://godex.io/coin/xch
How Can You Convert Chia ?
The easiest and fastest approach to exchange a coin is to make an trade on the platform Godex.io. You shouldn’t to register and confirm your identity. You can simply go to the site and exchange the Chia for 1 of the 300+ other coins.
The easiest and fastest approach to exchange a coin is to make an trade on the platform Godex.io. You shouldn’t to register and confirm your identity. You can simply go to the site and exchange the Chia for 1 of the 300+ other coins.
Is there a way to change Chia or not?
August 20, 2024, 01:15:00 PM
I don't know if this bug has been mentioned before (but I did a quick check over this thread and didnt find it)
If you try to generate the widget inside the affiliation page (https://godex.io/stats/widget), you get this error:
https://godex.io/stats/widget
The widget is quite nice, but this bug might be problematic for users who wants to add the widgets to their pages/blogs
If you try to generate the widget inside the affiliation page (https://godex.io/stats/widget), you get this error:
https://godex.io/stats/widget
The widget is quite nice, but this bug might be problematic for users who wants to add the widgets to their pages/blogs
August 20, 2024, 11:35:46 AM
Website looks clean and I will test it in a few days, once I got a little more time.
Also love the decent L2 support:
Source: https://godex.io/
Also love the decent L2 support:
Source: https://godex.io/
August 20, 2024, 10:40:11 AM
I would even add a warning message, which will warn the user which network is selected and to possibly check again.
I assume and hope that something like that is already present when you enter the receiving address where you want to receive the exchanged coins. If you enter an address from network #1 but you have selected network #2 of the same crypto asset you should get some type of warning to notify you that you are about to make a mistake. August 20, 2024, 09:53:03 AM
I just want to ask anyone here I am trying to exchange my BTC to Ronin, XRP, USDT even other cryptos it seems the minimum limit is $160 equivalent?
Is there any option where you can exchange BTC or dogecoin below $160(equivalent)? I read the FAQ it said there's no minimum exchange limit I read it under "What is Godex?". quoted below.
I think it needs to be edited or added to the FAQs, how much exactly the minimum limit can be traded or swapped?
Is there any option where you can exchange BTC or dogecoin below $160(equivalent)? I read the FAQ it said there's no minimum exchange limit I read it under "What is Godex?". quoted below.
Quote
There is no exchange limits. Only minimum amount of payment for your transaction to be included in the network.
I think it needs to be edited or added to the FAQs, how much exactly the minimum limit can be traded or swapped?
August 20, 2024, 09:06:49 AM
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