Topic: Nexchange.io launches with a full API and free trading during September (Read 1636 times)

Alright, I've come back to report on my experience with Nexchange. I think it's important for both the business and the community here.

I began by placing a small transaction, ETH to XVG. Everything went smoothly, no problems at all.

Then I tried a slightly larger order, and it took a little longer but was still just fine.

Confidence bolstered, I attempted a large order and ran into problems - my order was listed as complete, but never hit my wallet. 12 hours later, I'm chatting with support and apparently there has been some issue, and my order is stuck.

Here we are now, almost a full day later and my coins are about to hit my wallet. It took longer than expected, but I think it's important to note a couple of things:

1. This is a brand new exchange, and they're offering FREE exchanges!
2. The customer service was great, Oleg and Chirag from their support group (and they're regular team, it appears) were pleasant throughout the process and made the worry of losing my money substantially less. In addition, they threw a credit into my order of a few hundred coins for the inconvenience.

All in all, I think this is a great service, they are simply working out some of the kinks that come with opening a new, fast-paced business. I would definitely recommend them - there's no one else offering what they do, with the support to back it up... couple that with the current free exchange and they're a-ok in my book.

B

The UI looks pretty good!
Good luck with this.

hello, I have ordered an exchange from ETH to XVG yesterday. I sent the ETH but nothing received. I sent an email to support team but nobody has answered. Is there any delay in weekends? The exchange form has not refund address field. How you determine who has send the money?
update: I received the XVGs after 24 hours. The answered my email and said sorry for delay!

ZenCash Team would like to talk about terms of listing on your exchange, please inform me about procedure.

https://bitcointalksearch.org/topic/annzen-horizen-unbounded-by-design-2047435
https://zensystem.io/
https://www.bittrex.com/Market/Index?MarketName=BTC-ZEN

ZenCash is at 154 position at coinmarketcap.com, but things are changing, better look at some other indicators such as miners and community. We have over 2250 members on slack channel. Daily volume of trade Bittrex is between 50-150BTC's..

Possibly, though top 100 coins (by cap) have a much higher priority ATM.

Kind regards,
O.

Are you planning to add Zencash?

I take it that everything is understood and OK now?
Please do not hesitate to contact us personally with any questions or concerns

mailto:[email protected]

Also, we have launched our API explorer today, as we got feedback that reading JSON responses in the browser is annoying:

https://api.nexchange.io/en/api/v1/orders/

Oh, I understood "recipient" as literally recipient.


I just tried it and yeah, it generates new BTC addresses so that explains it:



It seems whoever owns that Eth address is a beta tester.

That's what I meant - depositing address. Every time a new exchange is triggered, a new order and new depositing address is generated.
If you do not send the funds to that address in specified period, the order will remain in API log but will not have any traffic.

You can test it yourself. Start a new exchange, and don't make a payment. You'll see a similar entry in the list of orders.

It looks like a good exchange. As you already mentioned the competition is tough (shapeshift and changelly) but if you start offering a good and reliable service you should acquire more than 1% of the market share.
Anyway, for the time being, before trying it, I would suggest you add byteball to your platform.
 
Good luck

That's the thing, it's the depositing address that has 0 transactions and 0 BTC balance not the recipient address. Every single one of them with 0. Perhaps they may not be completed but if you look at the API page, the completion deadline is 15 minutes after the transaction is initiated and all of them are at least 1 hour old now.

I have noticed the same thing. I think these are initiated but not completed orders.
This would explain 0 transactions at the recipient address. Each time a new order is initiated, a new receiving address is generated.
And since the ETH address is always the same I assume it is the same user, but he initiate exchange multiple times for some reason.

There is something particularly strange about the transactions listed on the front-page of your site. For these ones:



They are all initiated from seemingly unrelated BTC addresses but withdrawn to the same Ethereum address - 0x677355689AA4c809Def879eA06f66939db782F47. However, those BTC addresses are not unrelated; they all have 0 BTC balances and have 0 transactions.

---

Here are the images for the first 5 (images link to Blockchain.info/Etherscan.io)...

#1 - 1 BTC to 14.17 ETH

Transaction Details In Nexchange API:



Depositing BTC Address:



Withdrawal Eth Address:



#2 - 0.02 BTC to 0.282 ETH

Transaction Details In Nexchange API:



Depositing BTC Address:



Withdrawal Eth Address:

Same as above

#3 - 0.02 BTC to 0.282 ETH

Transaction Details In Nexchange API:



Depositing BTC Address:



Withdrawal Eth Address:

Same as above

#4 - 0.02 BTC to 0.283 ETH

Transaction Details In Nexchange API:



Depositing BTC Address:



Withdrawal Eth Address:

Same as above

#5 - 0.02 BTC to 0.283 ETH

Transaction Details In Nexchange API:



Depositing BTC Address:



Withdrawal Eth Address:

Same as above

---

Care to clarify what's going on?

That's great news! Let me see what I can do.
Keep up the good work!

And, it's live!
https://bitcointalk.org/index.php?topic=2165808.0;topicseen

Hi audaciousbeing,
Thanks for your feedback!

Our answers to your questions are below:
1. At the moment the site is completely anonymous, we might add accounts later on but only if we have a really good reason.
Hence either if many users request it, or if many users request a feature that cannot be implemented without (optional) registration (for example, fiat integration).

In short, we will never force people to identify themselves, as it is against the principles we stand by.
As for the eyebrows being raised, in our jurisdiction (UK), no KYC procedure is required as long as we do not transact in fiat.

2. As for adding new coins: if enough people request a coin, we add it, it's as simple as that.
Next coins in the queue to go live are zCash (ZEC) and Monero (XMR).

It would be my pleasure to answer any follow up questions below!


Kind regards,
O.

I went through the website and I must say you have a nice interface and even very mobile friendly platform at that. But the issue I saw was that, there is no way to create an account in other to really have a feel of the website without placing an order. I think that should be looked into in other to see the charts and all others. Also, there are few coins one can convert to there. Hopefully to see several added in the coming days.

Another thing to commend is the transparency you boast of which I see no one is hiding behind anonymity in the team but my concern is.

1. What's your site concern about KYC considering the various eye brows such issue have generated in the industry?

2. What are your procedure to adding a new coin to the list of what you already have?

Pleased to hear that you are taking a good steps to make your exchange even more powerful platform. Is there any plans to add support for more coins into your platform?
Too bad for the Beta Testing campaign. I hope next time it will be better. Maybe you can submit a query to moderators how to formulate such a campaign properly?

Good luck with your service!

I would like to notice that while our Beta Testing campaign was removed for no evident reason by the administration of the forum, and no notice was given.
Our Beta Testing campaign still continues via our Facebook page (http://facbook.com/NexchangeIO).

A member of the community had contacted us and suggested that our campaign was perceived as a give-away.

In a few days, we will launch a new campaign, including:

1. Bug bounty ($1000 US in BTC minimum for an accepted bug submission).
2. Penetration testing bounty (We will double any funds you will be able to extract from the Exchange, anonymously).
3. Beta testing - 5$ USD per Beta tester, and a chance to enjoy a great product while it is still making it's first steps.

Kind regards,
O.

Sorry, that was a TX id for a user that said that he did not receive the bonus.
Was not meant for you!

Have a great weekend man!