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Topic: INSTANT EXCHANGES (Read 352 times)

member
Activity: 336
Merit: 55
November 03, 2018, 10:03:55 AM
#35
These instant exchanges are worthless and should not be trusted, specially Changelly. Some of them have shady information and may just hack your funds when they collected enough cryptocurrency to support their asses. I once using Changelly but when there will be a blockchain traffic in the network like Ethereum blockchain, it will take a day or a week is the worst before receiving your funds. They also collects higher transaction fees so you better start trading to a well known exchanges like Binance instead of relying to these instant exchanges. You are only limiting your self to learn more about trading.
hero member
Activity: 1036
Merit: 500
November 03, 2018, 04:16:22 AM
#34
if you feel an exchange place like shapeshift doesn't feel safe and makes you lose maybe you can trade or purchase cryptocurrency through other exchanges that have a different trading system and have a small fee.
Recently I have seen a thread here that so much exchanges right now. So yeah keeping your point continue I want to extend this scope to more exchanges. There is no scarcity of exchanges that are better opportunities for so many people. Right away, you should research about other exchanges if you aren’t satisfied with one exchange. Keep things easy for you as it would decide your results.
newbie
Activity: 2
Merit: 0
October 30, 2018, 08:23:49 AM
#33
There are some very good exchanges you can use. Shapeshift and Changelly have got pretty good reputation. Also Flyp.me is a good option.
newbie
Activity: 2
Merit: 0
October 30, 2018, 08:21:36 AM
#32
What is wrong with shapeshift? It has very good reputation. There are few others alternatives in the likes of flyp.me or CoinSwitch. The latter truly supports anonymity when trading.
newbie
Activity: 2
Merit: 0
October 30, 2018, 08:21:17 AM
#31
Shapeshift and Changelly is great in my opinion. But if you do not like the rate change to trading platforms which have reasonable rates.
newbie
Activity: 3
Merit: 0
October 30, 2018, 08:21:00 AM
#30
Most masternode coins can help with the instant transactions. Other than that I do not know where all the bad reputation is coming for Changelly as I have never had any issues with them.
member
Activity: 1120
Merit: 13
October 29, 2018, 02:35:10 AM
#29
If you are damn worried about servicing rate then you should not use it but at the same time you need to urgent exchange then there are some exchanges services you may pick one of them up. Shapeshift and changelly you may take one of them but listen to their charges rate high but service is pretty much good.
member
Activity: 257
Merit: 10
October 29, 2018, 02:22:23 AM
#28
For instant exchange, I would like to suggest you use Shapeshift or changelly both are well-known in exchanging. A couple of time I used shapeshift to exchange its transaction fees are high but service is very promising and transparent. Though it's entirely up to you pal be cautious to exchange huge amount.
member
Activity: 231
Merit: 10
October 29, 2018, 01:41:33 AM
#27
These instant exchanges like shapeshift and changelly are good and become handy when you want quick swap but there fees are so high so i think its better to use traditional exchanges
newbie
Activity: 29
Merit: 0
October 29, 2018, 01:26:49 AM
#26
I think ShapeShift and changelly have a solid reputation. I didn't use them myself. The exchange rate is subject to change during the processing time,which means the final rate maybe slightly different from what you expected.
newbie
Activity: 15
Merit: 0
October 28, 2018, 06:39:27 AM
#25
Approaching any exchange without proper research on it can be dangerous and it often lead people to loose money. Instead of only listening to other's opinion, one should also do his or her own research on the xchange he or she wishes to approach. gGoogle is great help in this regard.
newbie
Activity: 22
Merit: 0
October 28, 2018, 06:15:05 AM
#24
There are some fast transactor coin like litecoin, flash coin etc. You can always use these. But the main thing is, you'd rather be safe than being fast. Also, you do the transaction from a safe site which will help you from being the money disappear.
newbie
Activity: 14
Merit: 0
October 28, 2018, 06:06:23 AM
#23
Well so far changelly and shapeshift have a decent reputation even though I haven't used them myself I have heard a lot of user feedback. And as far as the exchange rate is concerned it differs as it can change during the processing time. Which means the rate might be different from what you initially expected as they don't have fixed currency rates.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
October 28, 2018, 05:46:29 AM
#22
-snip-
ShapeShift keeps the same rate, but as I read transactions just disappear and people loose money. I’ll appreciate any help, thank you in advance.

Have you used changelly? I know they are red trusted in this forum but I have used them several times without any hassle. They try to adjust the rates in such an dynamic market such that the maximum amount is exchanged at the best rate. I dont know or have any idea about their algorithm of doing so but I was happy to get near coinmarketcap rates.

If you are looking to arbitrage your coins they might not be good options. You would be better off going to a proper exchange and selling your coin there.

Talking about shapeshift, they have the "precise" and "quick" options where you can adjust it for either long waiting time+precise exchange or a short waiting time+not-so-precise exchange. Still shapeshift was good till one day they started the KYC/AML guidelines. Undecided
hero member
Activity: 2464
Merit: 550
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October 28, 2018, 02:54:38 AM
#21
if you feel an exchange place like shapeshift doesn't feel safe and makes you lose maybe you can trade or purchase cryptocurrency through other exchanges that have a different trading system and have a small fee.
member
Activity: 336
Merit: 71
October 28, 2018, 01:32:04 AM
#20
Just a simple convenience mechanism for a fee... its probably worth it if you're selling small bounty tokens or something like that, but in large quantities the fee can really add up and you'd be much better off doing it manually.. I see really no reason to fud them, but I don't use them because of the fees, plain and simple.
sr. member
Activity: 1624
Merit: 267
October 28, 2018, 01:21:57 AM
#19
If you think rate is not good so just do we search to know what exchanges site are good to buy and sell bitcoin in alt coins there is a lot of exchanges better if you going to review it you know if it's good to trade or not better to compare it other to know what is better.
newbie
Activity: 28
Merit: 0
October 27, 2018, 11:12:35 PM
#18
This happens because the rate can change while the process is running. Some of the instant exchanges charge fees more than usual sometimes. It is because they provide instant service.
full member
Activity: 406
Merit: 101
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October 26, 2018, 07:56:20 PM
#17
Changelly and Shapeshift has a lot of reputation You can swap your favorite cryptocurrency to other cryptocurrency. You can easily transfer it with a low cost fee. Unlike other traditional exchange that you should sell it to btc or eth pair. Changelly can easily change your coins to your cryptocurrency to bitcoin/ Ethereum.
full member
Activity: 952
Merit: 104
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October 26, 2018, 07:35:31 PM
#16
Hi guys I need your help on instant exchanges. I want to know your opinion about N.Exchange, ChangeNow, ShapeShift, Changelly. Did anyone use them? My concern is that the final rate of exchange is different from the rate shown in the beginning. ChangeNow tries to fix it with applying “Classic rate” and “Fixed rate”. “Classic rate” is the current rate, but it can be different during the exchange. “Fixed rate” is much worse than “Classic”… really worse!!!
ShapeShift keeps the same rate, but as I read transactions just disappear and people loose money. I’ll appreciate any help, thank you in advance.


Shapeshift is been used already by most people which they convert their Fiat to crypto or crypto to crypto. So what's the problem with these exchanges? Since I used shapeshift, I never lost any penny on my wallet.
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