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Topic: How does shapeshift/changelly work? - page 2. (Read 252 times)

legendary
Activity: 2534
Merit: 6080
Self-proclaimed Genius
March 17, 2019, 11:40:23 PM
#2
They are still connected to an exchange (or multiple) to trade your coins, the only difference is: They are the one who's in charge of the whole process.

Read this (quote from changelly):
Changelly’s trading algorithm is integrated into the largest cryptocurrency exchange platforms, including Binance, Poloniex, Bittrex etc. In the span of milliseconds, Changelly makes bids and asks on the platforms, then selects and suggests the best available rate and displays the estimated rate on our site. The rates remain approximate until the transaction is actually made on the blockchain. The exchange rate at the time of a transaction may differ slightly from the estimated rate that you see when you begin a transaction.

This should be moved to Service Discussion.
newbie
Activity: 15
Merit: 0
March 17, 2019, 11:11:42 PM
#1
They are not full-blown exchanges, like Binance. What's their architecture look like?
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