Topic: OrangeFren.com - instant, KYC-free, exchange comparison - page 9. (Read 3082 times)

@OrangeFren is there any way you could improve your service to find best deals for exchanging BTC (and other coins) for fiat currencies (cash, etc)?
I am looking for some better alternative for bestchange.com.

Thanks to LocalMonero.co OrangeFren.com is organizing another event, this time in Istanbul, Turkey in about a week on the 2nd of October.

Where? Sarıdemir, Ragıp Gümüşpala Cd. No:29, 34116 Fatih/İstanbul 🇹🇷

When? From 19:00 on Monday the 2nd of October

You can sign up on Meetup.com: https://www.meetup.com/moneroturko-istanbul/
Or on OrangeFren.com (noJS, Tor-friendly): https://orangefren.com/event/8

Thanks to LocalMonero.co attendees will get a free, water-proof 💦, fire-proof🔥, stainless steel wallet to punch or etch their crypto mnemonic into
The LocalMonero.co wallets are also available for purchase globally on: https://monerosupplies.com/product/localmonero-wallet/

If the event goes well it will become a cyclical event happening every few weeks.

I have the pleasure of announcing that thanks to eXch.cx OrangeFren.com is organizing a meet-up in Budapest, Hungary 🇭🇺 in two weeks on Saturday the 19th of August

Where? Satoshi Nakamoto statue, Záhony u. 7, 1031 Budapest 🇭🇺

When? From 14:00 on Saturday the 19th of August

Sign ups are below - they are FREE
https://orangefren.com/event/7

Since you're reading this on BitcoinTalk you're probably not new to cryptocurrency nonetheless we always welcome everyone, you don't need to like Bitcoin, you don't need to know anything about cryptocurrency, if you're interested in these topics and wanna hang out that's all you need 🧡

If you make it you can expect some refreshments and free Monero stickers

As I write this OrangeFren.com lists offers from: FixedFloat, SideShift, Exolix, ChangeNow, MajesticBank, StealthEx, eXch and (for BTC->XMR) atomic swaps.

The website only shows results which fit the amount you want to trade and, by default, are available in your region. Bitcoin on Lightning is a bit tricky, because there's only a few exchanges that support it and most don't service US customers, however in the coming days I expect to be able to list another Lightning exchange and it'll be one available globally.
You might also be seeing few offers, because recently many of the exchanges faced difficulties with their liquidity providers surrounding the Monero hardfork.

Can you list all the services and exchanges you are using to get best offers?
I tried finding offers for several trading pairs and I only found two or three for Bitcoin Lightning, and most of the other coins except ethereum.
I never used Exolix exchange and I wouldn't trust ChanegNow very much that they won't ask for kyc or freeze my coins.

That's an interesting point that I haven't considered. My rationale was it's best for new users to already have accounts on P2P exchanges to avoid the temptation of going with one of the huge CEXes which are atrocious from a privacy standpoint.


I considered adding that, however it's hard to get a good source for this. I've seen exchanges break their own ToS with respect to requiring verification or allowing the user to get their funds back if they refuse to answer questions.

I can ask the exchanges outright, but if they lie or change their mind in the future like some did with their ToS then I'd be giving the user a false sense of security.

Well... we've never observed them being non KYC-free to our users. And if they start doing that and the users go through their verification we'll compensate them for their trouble and loss of privacy straight from the exchange' coffers. It's not flawless, but if we only listed exchanges that will never check if your coins are tainted we'd only be able to list one and I suspect it's only a matter of time, before they too are forced to change their business model.

Unfortunately no, because there is no objective standard, just like you say it's entirely subjective. Anecdotally I have reason to believe stolen coins are considered tainted, but coins from DNMs are not, but that's just me connecting the dots from the things I hear, please don't rely on this observation.
Aside from the warning users an exchange might take their funds if they appear tainted we also warn users if an exchange is known to send tainted coins which then cause inconvenience when the user tries to spend them.

I fully agree with you. However so long as Bitcoin's blockchain is transparent it is unavoidable. The only (admittedly partial) solution which comes to mind is the use of Bitcoin's Lightning Network of which I am a strong supported and actually before OrangeFren.com I spent my days creating tools for lnd professionally. For that reason OrangeFren.com does separate comparisons and collects separate rates from Lighting exchanges.


You're right! Thanks for letting me know! I'll go over the post and fix the error.

Thank you! The website actually started off with that idea, however nobody ever used it. Recently I was actually planning on removing that feature entirely.

So the "KYC-free" claim is misleading


I didn't see any warning on the selective scammers I mentioned. It's better to avoid them entirely.

I didn't catch that when you wrote "compensate our users", but after checking the meaning of the word, it turns out "compensate" doesn't mean what I thought it would.

There's a flaw in your Untraceable Bitcoin with Monero: the exchange you use knows exactly which Bitcoin addresses belong to your IP address if you're not using different Tor identities.

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Your Disclaim affiliation is genius:

All of the exchanges listed on OrangeFren.com generally don't require KYC verification. However some check if the coins are tainted and then require SoF verification.
This never happened to any of my users and in the case of exchanges that have a reputation of doing so in the past there's a red warning on OrangeFren.com.
It's unfortunate, but sadly unavoidable if the exchanges constantly require liquidity from the huge CEXes.

The OrangeFren Guarantee does not apply to all exchanges listed. Currently it's only for trades on FixedFloat and eXch. Although I have suggested the service to others too, including the one you mention, they have declined.

I will look into the reports regarding the service you mentioned and probably add a red warning for them too.

Currently we compensate up to 2k USD per trade with FixedFloat and up to 1k USD per trade with eXch. Note that with the exception of an exit-scam our compensation maxes out at 10% so under normal circumstances that's a proportionate compensation for trades up to 20k and 10k respectively.
Our reserves are naturally larger than the per trade maximum.

Can you share how much they deposited for this?

So it's not KYC-free?
One of the exchanges you're listing is a confirmed selective scammer:
That's gonna be costly to compensate your users.

About 6 months ago I created https://orangefren.com/.
Also available at http://rnwis2whetqcj4oknksnc5l24jbh33nflunifff3xtjjonnoxu3ld6id.onion/.

OrangeFren.com lets you quickly compare the rates among instant, KYC-free, exchanges trading Bitcoin (including on Lightining), Bitcoin Cash, Ethereum, Litecoin, Monero, USDC and USDT.

The comparison takes into account the amount you're willing to trade and (by default) your region.

At this point the site queries about a half a dozen exchanges, none of which require a sign up.

For trades from Bitcoin into Monero the site also shows atomic swaps when their rate is better than that of instant exchanges.

We also partnered up with some of our best exchanges to offer the OrangeFren Guarantee - a security deposit provided to us by the exchanges to compensate our users in cases of disputes with the exchanges.

The specifics vary depending on the exchange, but the most common points include compensation to the user if an exchange runs off with their money, doesn't respond to their messages, lies about the previewed exchange rate or when the user is asked to answer KYC or SoF questions and passes the verification.

You can also use our service through our Telegram bot: https://orangefren.com/bot/telegram. It has the same functionality as OrangeFren.com with the added ability to request price alerts delivered through a DM straight to your inbox.

If you'd like to follow our project we're most active on Reddit as u/OrangeFren.

I look forward to hearing your thoughts and feedback!