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1  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 13, 2023, 01:23:38 AM

Thanks for the advice and feedback, it means the world!
How will the data be logged? Do you intend, in the current period or in the future, to connect to centralized platforms? Or what is the mechanism to ensure that?
If the data works using blinded bearer certificates or anything similar then I'd be interested.

In general, it is difficult to guarantee privacy, with the possibility of connecting to several platforms (CEXs) and with cheaper fees, and therefore the combination of the two terms may not be accurate.

The data isn't logged at all for the first release (released at github.com/RealDoodles/SRVE), it basically uses the server's IP to connect, as if this was a mixer.

For example, let's say we have 1000 people who make an exchange on SRVE, these all come from the server's IP instead of your IP address. This means, if a corrupt government was looking for who is exchanging so much money to privacy coins on FixedFloat, they will go to FixedFloat asking "Let's see a copy of your logs, we want to investigate the largest transaction volume from your exchange on each wallet." FixedFloat (if they complied) would provide (presumably) transaction details, IP address, and location data (possibly) to the government. They have no clue what country made the transaction since thousands of transactions have the same IP address. Therefore, the transaction origin is obfuscated, except for the obviously logged transaction details (only sent to FixedFloat, we don't store it as of now).

If you have any further ideas for privacy, I'd love to hear them!
2  Economy / Services / Re: [Funding + Release] SRVE | The Open-Source No-KYC Instant Crypto Exchange on: January 08, 2023, 11:35:21 PM
This is a bump.
3  Economy / Services / [Funding + Release] SRVE | The Open-Source No-KYC Instant Crypto Exchange on: January 07, 2023, 10:47:53 PM
SRVE
BTC Crypto Exchanging Made Open-Source BTC

[No URL yet, see below] | GitHub | Discord

How Exchanging Works
SRVE uses other (no KYC/instant/DEX) exchange's APIs (FixedFloat for now) to preform requests on your behalf for privacy or ease-of-use purposes. Here's how a transaction works!

You go to SRVE and input an amount -> We return a recieve price for your pair -> You accept the offer -> We use FixedFloat's API (for now) to get a trade ready for you -> We display the amounts and addresses -> We keep you posted along the way about the status of your trade!

And it's all baked into a clean UI free from distractions and ads! We're commission free (except for partner exchange fees), and (of course) totally free to use, with no sign up required!

It's self-hostable!
SRVE is self-hostable, hell yeah! Our GitHub has all the code published for free (and commercial use, though make sure to check exchange partner's guidelines to know if you're allowed to!

Check our GitHub to learn how!

Funding Request
SRVE is powered by donations since we don't take any fees, and put no ads on our website! Right now, we need funding for a domain!

The Important Stuff
Domain: $0.00/$8.98 -> .exchange domain registration for one year ($0.00/$0.00) -> Hosting (our own hardware, so no donations needed!)
Hosting: $0.00/$0.00 -> We have our own infrastructure to host SRVE!

Non-essentials & Tips
Buy me a coffee: $0.00/$?.?? -> Buy me a coffee! Pay whatever you like Smiley (all coffee donations will go to the domain until everything is paid for)

How to donate/tip

BTC: bc1qt4ujf6ne52457ye3v7un4pu2y4t0pvx9gnj585
ETH (ETH Network, ERC20): 0xD22f1D2Fd6fBd70F99eE70a5a244bF8D59c331EA
LTC: LMQT7hfRBzDWZWAwnh7anoD5Zt73jSnzm5
SOL: s6oVrxDWaa9oNeC5a7PHMyhdsZBKx2yrKB7GqSfKk79
4  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 05, 2023, 02:13:42 PM
You choose an exchange partner -> We collect data about the exchange (address, amount, etc) -> We send it over to the exchange via API -> You send crypto directly to the exchange -> They send you the crypto -> You earn rewards from us in crypto!

I'm confused with this part. Which ones are the exchange partner and which ones are your "exchange"?

Also, is your "exchange" somewhat similar to what the likes of 3Commas are doing?

Question 1: My exchange is mainly an interactive directory of sorts, where you put in what you want to exchange. Then, my site queries different exchanges for their rates and trading pairs to determine where you can trade, and how much fees you will pay. My site then facilitates the trade by giving you the amount to pay and where to pay it (to the exchange partner you chose).

TLDR: I'm not exchanging your funds, I'm providing a service to act as a proxy to lots of exchanges, and make it easy to see how much in fees you will be paying.

Question 2: (Correct me if I'm wrong) My exchange isn't similar to what 3Commas are doing, I'm familiar with KuCoin Trading Bots, but they don't really do the same thing, since all trades will be manually created by the user, and won't be a full-on exchange platform with charts, more an instant exchange (with lots of built-in instant exchanges)

TLDR: It's not what 3Commas are doing, I'm merely acting as a proxy to provide manual trades to instant exchanges and DEXs.
5  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 05, 2023, 02:07:18 PM
I think your project is similar like Bestchange.com since you're just become a third party who connect a customer with supplier with some criteria like the better rate, many payment option, etc.

Actually Bestchange.com alone is already good, but there's a case where they're not transparent with every customers feedback since they can remove 1 negative feedback with 1 positive feedback, it would become neutral. Actually it's not correct to do that, maybe you can improve in this feedback part?



It's simular to BestChange, but also way differnet than what they're doing. BestChange is a directory of exchange rates and payment methods, which takes you to third-party sites where you can exchange your crypto. BestChange doesn't facilitate trades on their site, which is what I'm doing. My site connects to the third-party exchange and fetches fee information for that specific amount, not a general $1 USD value. They also don't seem to have the best exchanges listed (ones I've either never heard of, or don't seem trustworthy to me) for exchanging crypto-to-crypto. I also plan to allow fiat-to-crypto exchanges through LocalX (X being the crypto, like LocalBitcoins, or LocalMonero) to make it easy to see rates and do trades on one platform.

Don't get me wrong, BestChange seems like an awesome site, but I also noticed that when browsing their site a while ago, which concerned me too. I plan to upload feedback to IPFS to make sure the reviews can't be skewed in my favor, or in favor of another exchange. Reviews (on any site) I am always wary of, you never know what people's motives are for leaving reviews, so hopefully the power of IPFS might fix that solution, and my site can help easily browse the feedback on third-party exchanges, and my exchange as a whole.

Thanks for the feedback!
6  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 05, 2023, 02:00:52 PM
Some parts I don't understand:

-snip-
You choose an exchange partner ->
You mean you have a list of partners and users just have to choose one when they want to trade?

-snip-
We collect data about the exchange (address, amount, etc) -> We send it over to the exchange via API ->
Why collect exchange data? I think this is precisely the request to the user as the normal exchange process without intermediaries.

-snip-
You send crypto directly to the exchange -> They send you the crypto -> You earn rewards from us in crypto!
(Cmiiw)So, basically you are only facilitating users with your (verified) accounts, or otherwise how do you get around that? Most of the top exchanges are implementing KYC at the moment. The risk of freezes is also greater because users can send directly to exchange addresses without you guaranteeing that it's "clean" money.

1st Question: That's correct, let's say there's FixedFloat, ChangeNow, and Coinbase (I wouldn't adopt Coinbase, just an example of a CEX) available to trade for BTC/USDT. My exchange would say that FixedFloat is offering $1 in BTC for 0.98 USDT, ChangeNow is offering $1 in BTC for 0.975 USDT, and Coinbase is offering $1 in BTC for 0.89 USDT. Let's also say that the user had a bad experience in the past using FixedFloat, so they decide to use ChangeNow. This means that they know how much USDT they are receiving, and which partner they are connecting to in order to preform an exchange from a partner.

2nd Question: By exchange data, I mean the rate the exchange is offering, and the address to send it to (and so on). I should have been more clear there, I won't collect any PII like IP addresses.

3rd Question: I will not be using any exchanges (unless there is a way to do this legally and safely, and people would like to have those exchanges as an option, CEXs that is) that require KYC or disallow 3rd party payments via API endpoints. DEXs and no-KYC instant exchanges would be the only exchanges avaliable. In the future, I might possibly add functionality for a user to use our site (for fee calculation, maybe an easier UI to use) to connect their API keys to the exchange's API to preform trades. Those keys wouldn't be stored, only as an ease-of-use feature (although I am not sure there is any demand for that).
7  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 05, 2023, 01:51:03 PM
I'm starting an exchange that connects to other exchanges as a proxy and preform the exchange without the logged data. Let me explain...
It depends on the type of service you are trying to provide

* If you act as a proxy for CEXs --> you will register with new account --> perform KYC --> then make that account available to unknown people using your API without asking them for KYC then You are providing a service closer to money laundering and may not be legal or in accordance with TOS of most CEXs.

* If you act as a proxy for DEXs & your code is open source then it is a good experience and may get some attention (try uploading the code anonymously)

* If it is just advice and recommendations, you provide a service similar to BestChange.

CEX: I plan not to use CEXs due to the fact, like you mentioned, that I would be providing a service like money laundering. If I think of implementing this, I would most likely find a CEX that allows this (and the support confirms), but the legality on my side (money laundering) might still be an issue. I don't plan to implement CEXs anytime soon unless I have good reason to.

DEX: I plan to implement some ETH DEXs to start off (first DEX would be 1inch and UniSwap), then move to some other DEXs which provide services for other cryptocurrencies. The code will be open source, so I think this will gain some traction from that factor alone.

BestChange: BestChange seems like a solid site, don't get me wrong, but they lack the functionality (which as a crypto noob would be difficult) to preform the exchange themselves, they seem to only be a comparison, non-interactive exchange database. A lot of features (like exchange rates in USD) will be some features I plan to implement. Another user mentioned the fact that their feedback seems suspicious, and I think it might be a cool idea to have feedback sent to IPFS in JSON format so anyone can query feedback and ensure I am not changing feedback to be positive in my, or an exchanges favor.

Thanks for the advice and feedback, it means the world!
8  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 05, 2023, 01:40:32 PM
From what I understand, it's a cashback/rewards program? You integrate a swap exchange in your website - pretty much referring people, get a % from the trade and share some to your users, correct? 

Then I suggest letting your users know what they're getting into e.g. if the exchange may at some point request for kyc, who to contact when problem arises, the prohibited uses to take note from the chosen exchange, etc. You could set up an easy to read pop-up box and/or have them as filters to help users pick an exchange.

Technically, it is a rewards platform only, I didn't really think about having referrals as a way to distribute funds. My initial idea was to simply act as a proxy and not earn a cut at all, but I think that could help fund the hosting, domain, and dev work. That sounds like a great feature to implement, maybe you could get paid in a crypto of your choice instead of exchange tokens (like $UNI).

I also love the idea to add some notices so users know the terms of each exchange partner, and an easy-to-use filter to find an exchange with the requirements they are comfortable with.

Thanks for the advice!
9  Economy / Service Discussion / Re: I'm starting an exchange | Need some help with features/ideas on: January 05, 2023, 01:33:28 PM
So this is just another instant exchange? Do you require KYC? Doe fees varies from coins to coins, OR just depends on you, OR it depends on the partner exchange?

KYC and fees are the ones that concern users why they choose to use an instant exchange instead on traditional cex, so what your take on this.

Btw being an open source is a good decision too. Also, welcome to the forum.

Yep! This is another instant exchange that doesn't require KYC! The fees depend on the partner, yes, but the fees will be transparent, so you can select an exchange partner with the lowest fees (or if you had a bad experience with a partner, then you can choose another partner). This also will have a dollar (or local currency) amount that you are paying for fees (for ease of use). Thanks for the welcome!
10  Alternate cryptocurrencies / Altcoin Discussion / Re: The founder of Clucoin just quit after admitting to have gambled investors fund on: January 04, 2023, 07:51:40 PM
Link to his post
http://www.twitlonger.com/show/n_1ss7f8q

He got addicted to gambling and lost even the investors money to gambling. He plans to soon announce his next moves related to crypto projects he was involved with including Clucoin.

If you have not heard about the coin, he is coinmarketcap link https://coinmarketcap.com/currencies/clucoin/

Now I do not know how many people invested in this project but whoever showed trust in it is now cheated.

Lesson here is not to trust every other new altcoin. Only invest in solid projects.
If this news is legit then I think the CEO of the project had finally cheated investors of there funds and should be prosecuted for this attempt. I have never heard of this project before but I just felt sorry for those investors who would have lost there funds due to this mess. I am very careful this time about investing in crypto projects especially new projects that the team may not be known to the public and anything that happens to the project, the investors would have to bear the consequences themselves because of wrong choice.

That's a very good point, if you invested in something, you trust the owner(s) of the project.

On a side note, why did you say if the news is legit? Is there possible benefit from misinformation? Is there any way to prove this is legit news? I've never heard of TwitLonger, but understand why it was used.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: The founder of Clucoin just quit after admitting to have gambled investors fund on: January 04, 2023, 07:15:19 PM
Terrible news to hear, even though I had no idea what the coin was.

I can honestly feel hope for his projects, at the same time. At least he plans to do something about his actions (owning up to his actions and planning on how to make it right). While I'm bearish for the price of his coin (even though it's already down ~25%), I think it will eventually come back. His idea seems solid, but I honestly feel bad for him (though more for investors, of course).
12  Economy / Invites & Accounts / Re: (Selling) Google Voice Price-3$ on: January 04, 2023, 07:08:29 PM
Nice deal, in my opinion. Google accounts are so hard to create... I get they're trying to cut out spam, but there's use for different email accounts.

Good luck with sales!  Grin
13  Economy / Service Discussion / I'm starting an exchange | Need some help with features/ideas on: January 04, 2023, 06:36:12 PM
Hey all,

I'm starting an exchange that connects to other exchanges as a proxy and preform the exchange without the logged data. Let me explain...

You choose an exchange partner -> We collect data about the exchange (address, amount, etc) -> We send it over to the exchange via API -> You send crypto directly to the exchange -> They send you the crypto -> You earn rewards from us in crypto!

This is technically not beneficial (monetarily speaking), but functions as an introduction of me (as a person) to the crypto community, and a tool for crypto "noobs" (I would love to have this 3 years back  Grin)

Let me know any ideas or concerns you have so I can let this project take off!

The code will be published (and public of course) on GitHub and my website.

Thanks!
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