INSTANT EXCHANGES - page 2. | Bitcointalksearch.org

Hamphser

sr. member

Activity: 2534

Merit: 332

Vave.com - Crypto Casino

Quote from: Tamarix on October 26, 2018, 08:03:59 AM

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.

I dont know about N.exchange when it comes to fast conversions.I dont have any problems with Sharpeshift and Changelly,would say that these are capable and legit ones but now shapeshift already requires KYC so you would need to pass documents before you would able to use it which do really suck and i dont have any other choice but to use up changelly inspite on having some issues.
I dont have any idea about that Fix rate and Classic rate though but ones things assure that they do have higher fees than usual.

Baofeng

legendary

Activity: 2576

Merit: 1655

As far as I know, Shapeshift has a solid reputation but they're requiring KYC now.

https://bitcoinist.com/shapeshift-ends-anonymity-with-announcement-of-mandatory-kyc-data-collection/

Changelly has been trusted by the community as well. Here's there official thread here: https://bitcointalksearch.org/topic/changellycom-instant-exchange-visamastercard-accepted-1435275

ChangeNOW? There's a scam accusations against them,

https://bitcointalksearch.org/topic/--4647308
https://bitcointalksearch.org/topic/changenowio-evercode-lab-scam-illegally-holding-of-100-bch-11-bitcoins-4619534

So far I enjoyed Changelly as compared to Shapeshift, but its still up to you if you wanted to use those exchanges as the risk is high specially if it involves huge amount of coins.

Hui8

sr. member

Activity: 602

Merit: 259

Shapeshift is better. Also may I ask which coins are you really exchanging or willing to exchange ? Because you can also look after the simple Swapping provided by the myethrwallet. I know it only gives you chance to exchange with ETH itself but if you are willing to convert thing for the final trade in the BTC and ETH then this is the best option for you. I am using the SWAP always and it does the job within matter of transaction confirmation. So it is always better to use it as its secure and they have proper support to if anytime your swap fails or have any problem with it.

Capt00

full member

Activity: 938

Merit: 105

Quote from: bob123 on October 26, 2018, 01:09:37 PM

Shapeshift and Changelly have a relatively good reputation.
snip--

I agree on this especially in Shapeshift that was I mostly used during quick trading or exchanging my Bitcoin into other altcoins.
But the rate of Shapeshift transaction fee and it is quite too high for me, that's why if I have other option I'm not using that instant exchange because of too high fees will killing your money. If there is no other option, then let's accept those high fees offered from the instant exchange.

bob123

legendary

Activity: 1624

Merit: 2481

Shapeshift and Changelly have a relatively good reputation.

Currently there are scam accusations open against ChangeNOW. Note sure whats going on there.

And i have never heard about N.Exchange.

You should really use such 'instant exchange services' only if you can't use an proper exchange.
Using an exchange should always be the preferred way. Not only are they safer than those service, they are fully transparent about the fees and the rate you'll pay in the end.

I'd never use such a service if i have the option to use an exchange.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Tamarix on October 26, 2018, 08:03:59 AM

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.

If you are not comfortable with the rates then just don't used their service.

If you want a reasonable rates then head to trading platform instead.

If you don't have any choice, then deal with the current rates.

Simple as that.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: Tamarix on October 26, 2018, 08:03:59 AM

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.

If you are looking for some exchange at an emergency or you don't want to login to any exchange and still want to convert your coins you can use shapeshit like exchanges but here the prices will be less and the transaction fee will be more when compared to the other exchanges so if you still okay with that you can use shapeshift for converting because I have done them with many times without facing any issues.But be careful while exchanging big amounts.

CryptopreneurBrainboss

legendary

Activity: 2380

Merit: 4265

eXch.cx - Automatic crypto Swap Exchange.

Quote from: Tamarix on October 26, 2018, 12:10:03 PM

Sr. Member, thank you a lot!

You don't have to thank everyone that replies your topic. So doing will be considered spamming and you might get temporary ban or get your topic deleted. Also i can see you're a newbie so avoid one sentence replies. And delete all "thank you one liner comments" to avoid further issues on forum.

As for your question above I don't use instant exchange on regular bases because of their fee it's too expensive. No need going going further i believe vit05 has said it all. If you're satisfy by replies then lock topic to avoid bounty members spamming thread.

Tamarix

newbie

Activity: 3

Merit: 0

Sr. Member, thank you a lot!

EmilCryp

newbie

Activity: 4

Merit: 0

Quote from: cryptocointrade.com on October 26, 2018, 08:38:58 AM

The exchange rate is subject to change during the processing time, which means the final rate may be slightly different from what you expected. This happens because they doesn't use fix currency rates.

That's true. I couldn't understand first why I got less than expected. But the difference is not that substantial, so it's not like you are losing much.

vit05

hero member

Activity: 672

Merit: 526

These exchanges have a dynamic FEE. The reason is that they set out to offer an instant service. That is, as soon as you send your resource, fiat or crypto, you will receive fastest the crypto you want.

In the other exchanges your resource, fiat or crypto, has already been sent to the platform. And you only trade when it is there. So they need to charge according to the cost of the service you are sending. Credit card, for example, is always very expensive. And the rates vary depending on the company of your card.

In addition, they do not have a Book. This means that there may be a difference between supply and demand at that time.

These exchanges are only useful in emergency situations where you have no other option. But I do not recommend using them.

cryptocointrade.com

jr. member

Activity: 87

Merit: 7

The exchange rate is subject to change during the processing time, which means the final rate may be slightly different from what you expected. This happens because they doesn't use fix currency rates.

Tamarix

newbie

Activity: 3

Merit: 0

Hi criptocointrade,
thank you for response!
I want to change crypto to crypto. I think that their fee are transparent, but they don’t exchange at the rate stated in the beginning.

cryptocointrade.com

jr. member

Activity: 87

Merit: 7

I think Shapeshift and Changelly have a solid reputation. I didn't use them myself.

What is the problem? That they are not transparent about the fees?

What type of service are you looking for? (Buy instant with a credit card?)

Tamarix

newbie

Activity: 3

Merit: 0

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.

Topic: INSTANT EXCHANGES - page 2. (Read 352 times)