Scam or bug: flyp.me please help verify

examplens

legendary

Activity: 3248

Merit: 3098

OP, I hope you eventually gave up using this dubious service.

personally, I wouldn't trust them. I couldn't find anything on the site about the company behind it. Apart from some usual self-praise, but not a single document or anything that could indicate that they are doing business legally.

I have to post this, maybe it will be useful to someone else. the first result in the search for the term flyp.me review I got enough information.

Quote

Don't trust flyp.me
I made multiple swaps and the confirmations were counting up - the next day, flyp.me canceled all swaps, without refunding the transfer fees. Also, their support was lying to me. I was a happy customer in the past, but this was the last time I have been using their service.

Beefcake

full member

Activity: 279

Merit: 132

Beefcake!!!

Thanks for the help guys! And also the suggestion.

BitMaxz

legendary

Activity: 3248

Merit: 2971

Block halving is coming.

Be careful this is a scam site someone already reported it to scam accusation a long time ago. That site was owned by Holy Transaction which is also a scam if you want to read the whole story better check this thread below and then stay away for now.

- 🔴[SCAM ALERT] HolyTransaction & Flyp.Me ILLEGALY holding more than 100k$ in BTC

FatFork

legendary

Activity: 1596

Merit: 2588

Top Crypto Casino

Quote from: Beefcake on October 06, 2022, 02:08:14 PM

Can anyone else verify that the amount changes when you enter your address? If verified, this seems pretty scummy to me, but it's possible I'm missing something.

Yes, there seems to be some fixed fee, in addition to the exchange fee, that applies when you enter the destination address. You can easily verify this when you try to exchange BTC for WBTC, which should essentially be 1:1

Fee: 0.00213035 BTC or 2.13%

Fee: 0.00044684 BTC or 4.47%

Fee: 0.00027849 BTC or 27.85%

I guess they are trying to calculate a transaction fee that depends on the destination network being used.

JeromeTash

legendary

Activity: 2100

Merit: 1208

Heisenberg

Looks like some sort of hidden fee that one won't notice if they are not keen. Most of the instant exchange have some hidden fees anyway. I would advise you to avoid the service since there are so many great instant exchanges out here such as fixedfloat.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: Beefcake on October 06, 2022, 02:40:28 PM

That might be the problem, but it should show that amount from the beginning when you input the numbers. The way it works seems like a bait and switch, but I wasn't sure.

Yes, that's the problem.
I just tried it to see how it works. As you said, the exchange rate may change once you enter your receiving address.

I tested it with exchanging 0.2 BTC and 0.002 BTC to USDT.
Currently, they give 3929 dollars for 0.2 BTC and 34.34 dollars for 0.002 BTC.
Given that the current price of bitcoin which is around 20,040 dollars, the fee for trading 0.2 BTC is around 2% while it's around 14% for exchanging 0.002 BTC.

Beefcake

full member

Activity: 279

Merit: 132

Beefcake!!!

That might be the problem, but it should show that amount from the beginning when you input the numbers. The way it works seems like a bait and switch, but I wasn't sure.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Aren't you trying to exchange a very low amount?
I think there's a limit that the fee cannot be less than. That makes the fee higher in percentage when dealing with low amounts.

Beefcake

full member

Activity: 279

Merit: 132

Beefcake!!!

Hello, I was checking out this website, and testing with a small transaction. Basically you choose your trading pair, enter the amount, wallet addresses etc. But, you first enter the amount and get an exchange rate that seems to have a pretty reasonable fee (like under 5%). But as soon as I enter my address, it changes to an amount that is about a 25% fee, which is unreasonable any way you look at it. Am I imagining this? Can anyone else verify that the amount changes when you enter your address? If verified, this seems pretty scummy to me, but it's possible I'm missing something.

Topic: Scam or bug: flyp.me please help verify (Read 161 times)