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Topic: Shapeshift coming back (Read 687 times)

sr. member
Activity: 420
Merit: 250
April 25, 2016, 02:36:53 PM
#21
Them putting up these heavy fees/charges is not a surprise. They are trying to recoup their losses somehow and this to them is one way in doing it but at the cost of the customer. They will lose a lot of business this way in the long run.

They've always had heavy fees. It's the price of anonymity - some people simply don't want to give their name and email to an alt exchange for some reason.

Well yes and thing is there is n real competitor which can handle the volume shapsshift does. So in a way they can higher the fees without being afraid they lose their customers.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
April 25, 2016, 01:18:56 PM
#20
Them putting up these heavy fees/charges is not a surprise. They are trying to recoup their losses somehow and this to them is one way in doing it but at the cost of the customer. They will lose a lot of business this way in the long run.

They've always had heavy fees. It's the price of anonymity - some people simply don't want to give their name and email to an alt exchange for some reason.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
April 25, 2016, 12:53:09 PM
#19
More altcoins have been added for exchange, that is good to see, hope shapeshift can add in dogecoin as soon as possible, thank you Cheesy

Good to see they're slowly getting back in business. There aren't too much of customer damage so I guess they'll have their real good rep back. They'd have to double up on spending for advertising to get customers though.
staff
Activity: 3010
Merit: 568
APP下载sbapp.io
April 25, 2016, 06:50:36 AM
#18
More altcoins have been added for exchange, that is good to see, hope shapeshift can add in dogecoin as soon as possible, thank you Cheesy
legendary
Activity: 1946
Merit: 1137
April 22, 2016, 01:55:05 AM
#17
After a month of battling several attacks on Shapeshift’s trading platform, the company announced a full shutdown of their website to be reconstructed with improved security due to missing funds which tallied up to $230,000. The platform should be back on April 20.


See here more info : http://cointelegraph.com/news/shapeshift-rebuilds-after-losing-230000-promised-to-be-back-wednesday

wow that is a big amount lost.
i checked their new service today and it looks like they are up and running, and although there is only one exchange (btc <-> ETH) it looks like they have already made a lot of transaction (166BTC as of now).

good to see them come back.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
April 21, 2016, 11:44:55 PM
#16
The loss amount is now clear and it's more than I thought and surprisingly their really back so god move by them showing how dedicated they are for things to work out. Personally I do like the interface before as opposed to the new one (it's has a dry-ish look now as opposed to professional looking one before), good thing there's a switch button available. Is there any news regarding why they only offer two cryptocurrency exchanges?
legendary
Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
April 21, 2016, 07:10:48 PM
#15
Them putting up these heavy fees/charges is not a surprise. They are trying to recoup their losses somehow and this to them is one way in doing it but at the cost of the customer. They will lose a lot of business this way in the long run.
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
April 21, 2016, 07:09:02 PM
#14
that's good news , I didn't expect that they will be back at least in this month
hopefully we will see more alts in the site cause at this time I'm not interested in ETH as I'm interested in the other alts

Shapeshift charges heavy fees - about  0.5 - 1%. You can buy alts on an exchange for a fee of 0.25% or less.

Yeah that part is not clear to me. Perhaps some people don't want to take the effort to make an account on an exchange. But they lost over 200k, which means the service was heavily used.
sr. member
Activity: 269
Merit: 250
April 21, 2016, 06:37:13 PM
#13
Wow that was a heavy loss for them. I am curious how they will recoup now.
Forcing even higher fees (which will make users go away) or something else?
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
April 21, 2016, 01:13:54 PM
#12
that's good news , I didn't expect that they will be back at least in this month
hopefully we will see more alts in the site cause at this time I'm not interested in ETH as I'm interested in the other alts

Shapeshift charges heavy fees - about  0.5 - 1%. You can buy alts on an exchange for a fee of 0.25% or less.
legendary
Activity: 2436
Merit: 1804
guess who's back
April 21, 2016, 12:13:35 PM
#11
that's good news , I didn't expect that they will be back at least in this month
hopefully we will see more alts in the site cause at this time I'm not interested in ETH as I'm interested in the other alts
legendary
Activity: 3080
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
April 21, 2016, 10:52:00 AM
#10
good side of an instant exchanger is when they got hacked,and bitcoin stolen, none of their customers's btc will going to be seized by the hacker, and they don't have responsibility about it,such a fast recover
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
April 21, 2016, 09:53:33 AM
#9
I hope they start, or already have started, legal procedings against the 'rogue employee'
Crypto currency is money, if a bank employee told a thief how to steal cash from the bank, they would be arrested, the same should happen here.

I hope they have made lots of improvements, it takes a long time to regain trust though


They're lucky the heist happened this early in their business. It wasn't till they called in professional security experts they got to the bottom of how the coins were stealing. Lesson: don't skimp on security, it really is worth paying for expertise.
legendary
Activity: 1218
Merit: 1003
April 21, 2016, 09:16:26 AM
#8
I hope they start, or already have started, legal procedings against the 'rogue employee'
Crypto currency is money, if a bank employee told a thief how to steal cash from the bank, they would be arrested, the same should happen here.

I hope they have made lots of improvements, it takes a long time to regain trust though
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
April 21, 2016, 08:12:48 AM
#7
I always thought the best exchanger and when I saw the news or wanted to believe, but the site does not disappeared and will continue for the good of all

at least I'll get to do my currency exchange easy way Cheesy
copper member
Activity: 1442
Merit: 529
April 21, 2016, 03:31:18 AM
#6
Its very good news to me, if such a straightforward and fast process of converting coins in anonymous way is back. Its an asset to the bitcoin world, as you don't need to leave your coins in this exchange. And if we are on this topic an advice is never bad, remember not leave your coins in any exchange to hold them for you. Tomorrow they may be gone.
legendary
Activity: 994
Merit: 1000
April 20, 2016, 11:46:53 PM
#5
oh even that $2,00,000 is really big for any exhanger and i think they loss this amount in the form of altcoins rather than btc. So they make require few weeks to buy some alts from what left in their bitcoin wallet. It is bad news than well known exchanger got hacked.
hero member
Activity: 756
Merit: 500
April 20, 2016, 10:55:45 PM
#4
Shapeshift.io is back, but there are only 2 coins for exchange at the moment, BTC and Ether, I hope they can allow us to exchange multiple altcoins soon Cheesy

Yes BTC↔ETH is the only one available for exchange for now, I think they must be doing security checks of all the other wallets before putting them on for business and they might remove some of the lesser used one and maybe add a few new ones.
this is a good news making it sure that trading can be smoothly done and traders security would not be sacrifice because of those many useless coin and hope after updating those coins that have good value it would be open again for trading. eth and btc not bad price is stable and fluctuate but not much.
hero member
Activity: 812
Merit: 1000
April 20, 2016, 10:50:58 PM
#3
Shapeshift.io is back, but there are only 2 coins for exchange at the moment, BTC and Ether, I hope they can allow us to exchange multiple altcoins soon Cheesy

Yes BTC↔ETH is the only one available for exchange for now, I think they must be doing security checks of all the other wallets before putting them on for business and they might remove some of the lesser used one and maybe add a few new ones.
staff
Activity: 3010
Merit: 568
APP下载sbapp.io
April 20, 2016, 05:29:15 PM
#2
Shapeshift.io is back, but there are only 2 coins for exchange at the moment, BTC and Ether, I hope they can allow us to exchange multiple altcoins soon Cheesy
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