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Topic: ShapeShift.io - Instant Coin Exchange - No Account Needed - page 32. (Read 80748 times)

sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
I decided to try the ShapeShift service, since I've linked to it from the Just-Dice FAQ and figured I should make sure it's worth linking to.

I told it I wanted to deposit CLAM and receive BTC. It told me to deposit up to 107 CLAM, so I did. The BTC arrived within about 30 seconds. So far, so good.

Then I clicked 'another exchange'. It reset the current pair to BTC->LTC. It would be nice if it could remember the pair I most recently used and default to that. I'm not likely to ever buy LTC. So I set it to CLAM->BTC again, and it told me to deposit up to 0.03 CLAM. That's about 5 cents' worth of CLAM.


Hi Dooglus, good questions, as always!

The issue is just one of how much inventory of CLAMS we hold. We've had a decent number of CLAMS transactions over the past few days, so we're going to increase our holdings and this will increase the deposit limit and reduce the issue that you're having.

"Did I use up all the available conversion power of the site in a single transaction? "  Yes, basically. We'll solve that by holding more inventory.

"It seems to be doing the exchange on Poloniex on demand, so why can't it just adjust the price it is offering and let me exchange more?"  The exchange is not happening with Poloniex, but directly with ShapeShift... thus our level of inventory is important.  (if we just routed the order through poloniex it would take more than an hour at least to process orders)

" Or is the on-exchange BTC earmarked separately for each currency pair, so there's BTC available for buying LTC, but none for buying CLAM?"  Nope, not earmarked for certain pairs.

" Or maybe even it sees I'm from the same IP as before, and is limiting me but not other people?" Nope, IP doesn't matter.

Fundamentally there is always a tension between price/speed/deposit limits.  Increasing one often means scaling back another (ie - deposit limit can increase but we can't offer as good of a price, etc). We can combat this generally by just holding more inventory of coins, but that has business costs as well. So it's a careful balancing act.

Regardless, more CLAMS on the way!


legendary
Activity: 2940
Merit: 1333
I decided to try the ShapeShift service, since I've linked to it from the Just-Dice FAQ and figured I should make sure it's worth linking to.

I told it I wanted to deposit CLAM and receive BTC. It told me to deposit up to 107 CLAM, so I did. The BTC arrived within about 30 seconds. So far, so good.

Then I clicked 'another exchange'. It reset the current pair to BTC->LTC. It would be nice if it could remember the pair I most recently used and default to that. I'm not likely to ever buy LTC. So I set it to CLAM->BTC again, and it told me to deposit up to 0.03 CLAM. That's about 5 cents' worth of CLAM.

Did I use up all the available conversion power of the site in a single transaction? It seems to be doing the exchange on Poloniex on demand, so why can't it just adjust the price it is offering and let me exchange more? Could it be that the service's Poloniex account is out of BTC now, and so I have to wait for them to redeposit? Or is the on-exchange BTC earmarked separately for each currency pair, so there's BTC available for buying LTC, but none for buying CLAM? Or maybe even it sees I'm from the same IP as before, and is limiting me but not other people?

Whatever's happening, it would be useful if the site would tell me: "please wait 10 minutes while we deposit BTC to the exchange", or whatever, so I have some idea of what the problem is and don't just think that 0.03 CLAM is really the maximum deposit size.

legendary
Activity: 2380
Merit: 1150
In the stories they write that Shapeshift is a Swiss company, however, I can not find any company by this name in Switzerland. How comes?
sr. member
Activity: 308
Merit: 250
ANNOUNCEMENT: Erik Voorhees as Founder of ShapeShift, announces seed round with Barry Silbert, Roger Ver

Read the official statement, "Erik Voorhees as Founder of ShapeShift, announces seed round with Barry Silbert, Roger Ver" here: https://shapeshift.io/blog.html

Read the CoinDesk article, "ShapeShift Raises £525k, Reveals Erik Voorhees as Creator" here: http://www.coindesk.com/shapeshift-raises-525k-reveals-erik-voorhees-as-creator/

is this " a big announcement" or just an announcement ?
When I saw  "a big announcement" yesterday , I thought it will be something like giveaway or contest from shapeshift Cheesy
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
ANNOUNCEMENT: Erik Voorhees as Founder of ShapeShift, announces seed round with Barry Silbert, Roger Ver

Read the official statement, "Erik Voorhees as Founder of ShapeShift, announces seed round with Barry Silbert, Roger Ver" here: https://shapeshift.io/blog.html

Read the CoinDesk article, "ShapeShift Raises £525k, Reveals Erik Voorhees as Creator" here: http://www.coindesk.com/shapeshift-raises-525k-reveals-erik-voorhees-as-creator/
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
ShapeShift.io will be making a big announcement within the next 24 hours. Stay tuned for the news! We will announce on BitcoinTalk, Reddit, Facebook, Twitter and Google+.
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
ShapeShift.io has added ClamCoin, PotCoin, MintCoin.

ShapeShift.io has released CLAM, POT, MINT for exchange with Bitcoin and 20+ other altcoins. No account needed.

w00t!!! Will be using soon Cheesy

Thanks
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
ShapeShift.io has added ClamCoin, PotCoin, MintCoin.

ShapeShift.io has released CLAM, POT, MINT for exchange with Bitcoin and 20+ other altcoins. No account needed.
newbie
Activity: 10
Merit: 0
One more transaction, went smooth  Smiley I have some Q's, I will PM you.
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
Not trying to hassle y'all or anything, but it would sure be nice to refer folks from Just-dice to you guys for easy small CLAM trades!

We all love your service and sure hope to get you on board <3.


and EXCL!
newbie
Activity: 10
Merit: 0
You guys are really great, only thing which concerns me right now is limits  Angry, when you people are going to get rid of that thing? otherwise everything is awesome... quickest exchanger ever  Grin
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
Not trying to hassle y'all or anything, but it would sure be nice to refer folks from Just-dice to you guys for easy small CLAM trades!

We all love your service and sure hope to get you on board <3.
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
ShapeShift is now a proud sponsor of the March of Doge. Donate your Dogecoin to support the March of Dimes: http://www.marchofdoge.com/

Don't have Dogecoin? Use ShapeShift to exchange your altcoins for Doge: https://shapeshift.io/
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
Unobtanium up 14%, Startcoin up 14%, ShadowCash up 13% - Buy and sell your UNO, START and SDC today on ShapeShift. https://shapeshift.io/
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
Buy on Overstock.com with your Altcoin of choice with the ShapeShift Lens browser extension: https://shapeshift.io/lens.html

It's free and easy to use. Just download the extension from Google Chrome or FireFox and and you will see a fox icon next to every Bitcoin address. Click on the icon and ShapeShift lets you use your altcoin of your choice to pay the Bitcoin merchant, including Overstock.com.

sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
Nubits has officially been re-released on ShapeShift.io. Continue your NBT exchanges today.
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
DigiByte up 42% and Nxt up 14% in last 24 hours. Buy and Sell Nxt and DGB on ShapeShift.io today.
sr. member
Activity: 448
Merit: 252
Follow us on our new account ShapeShift.com
ShapeShift has added five new altcoins; Vericoin, Novacoin, Shadowcash, Unobtanium and Digibyte. Begin your exchanges today. 
hero member
Activity: 527
Merit: 500
Hello, and thanks for adding SDC!!!

Works great, and fast!

Regards
sr. member
Activity: 384
Merit: 250
I recommend adding primecoin!
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