Re:Evercoin: A cryptocurrency exchange platform
by xur17 on Monday August 14, 2017 @03:29PM
(#15011928)
I was originally testing BCC to BTC, so it looks like it depends upon what you are exchanging:
Shapeshift: 1 BCC -> 0.06773499 BTC
Evercoin: 1 BCC -> 0.06682701 BTC
Re:Evercoin: A cryptocurrency exchange platform
by clemens2000 on Monday August 14, 2017 @06:37PM
(#15013659)
Maybe someone should build a Kayak for Bitcoin exchanges, that picks the cheapest exchange for each trade...
Re:Evercoin: A cryptocurrency exchange platform
by ufotarikati on Tuesday August 15, 2017 @05:43AM
(#15016739)
Writing the formula for you
1) pick the cheapest exchange 2) sell at expensive exchange price 3) add commission 4) add network fees
Re:Evercoin: A cryptocurrency exchange platform
by tstyle on Tuesday August 15, 2017 @12:33PM
(#15019741)
The formula is more complicated than this. Services such as shapeshift.io guarantee the price for 10 minutes, as well as sending purchased tokens almost instantaneously. To accomplish this means keeping inventory and becoming vulnerable to volatility risk and liquidity risk.
Picking a reasonable bid-ask spread is hard, and probably involves more input factors than the 4 you listed above.
Re:Evercoin: A cryptocurrency exchange platform
by xur17 on Monday August 14, 2017 @07:06PM
(#15013835)
That thought definitely crossed my mind...
Re:Evercoin: A cryptocurrency exchange platform
by xseven on Monday August 14, 2017 @05:50PM
(#15013317)
They're all going away after cross-chain atomic swaps become THE thing.
Re:Evercoin: A cryptocurrency exchange platform
by gst on Monday August 14, 2017 @05:54PM
(#15013349)
Yes. XCAT is definitely the way forward for transactions that involve only XCAT-compatible chains. Especially as it can be implemented either in a pure P2P fashion or with trustless exchanges, resulting in zero or very low fees.
Shapeshift: 1 BTC -> 14.20477011 ETH
Evercoin: 1 BTC -> 14.25967407 ETH
Changelly: 1 BTC -> 14.35434362 ETH
While Changelly appears to have the best rate they don't guarantee the rate. In my experience the actual rate is often much worse than the estimated rate (and unfortunately it's too late to cancel once you see the rate).