Let Make a Universal Crypto Currency Converter

[paramind22]

There are some Crypto Currency Converters, such as
https://coinmarketcap.com/converter/
https://www.kraken.com/convert
https://www.coingecko.com/en/converter

but they don't work for many coins, many low cap staking coins with old teams and on exchanges.

It seems it would not be hard to program a universal one.

Simply have a field for a variable that the user can type in which is the rare compared to DOGE, and a field for the amount of that coin.

Wouldn't that work?

I don't code any more so not willing to do it but it should be easy.

Anyone want to post the code?

[paramind22]

I see this which bills itself as a Universal Crypto Currency Converter

https://anycoinapp.com/


but I doubt it cares about the smaller coins.

[Stalker22]

Wouldn't that work?

If Im not mistaken, there are many low-cap coins and tokens that share the same ticker symbol, so it would be very difficult to code an application that could differentiate between them. Without additional information, a universal converter wouldnt know which specific coin the user is referring to.  Besides, for established coins, data like price and market cap is readily available through APIs.  However, for less popular coins, this data might be unavailable or unreliable.

[paramind22]

Wouldn't that work?

If Im not mistaken, there are many low-cap coins and tokens that share the same ticker symbol, so it would be very difficult to code an application that could differentiate between them. Without additional information, a universal converter wouldnt know which specific coin the user is referring to.  Besides, for established coins, data like price and market cap is readily available through APIs.  However, for less popular coins, this data might be unavailable or unreliable.

When trading on these smaller exchanges they have many bases of trading.  Xeggex for instances often uses Mouse coin and Rat coin.  It's one way to create value for those coins, to make people use them to sell the coins they stake on coins like Reddcoin or Strongthands. 

All you need to do is know the mathematical equation based on how many of one type of coin there are to one DOGE.

Then you would know one variable, and if you just wanted to know the value of your coins in a more understandable cryptocurrency you would know.

If your exchange is using a strange currency to trade your coins with, it's hard to know where the market is in that coin at any given time.  Then all you need to do is know a mathematical equation based on how many of that second type of coin there are to one DOGE.  Then you can see the relationship in value or do other types of calculations.

[Stalker22]

Wouldn't that work?

If Im not mistaken, there are many low-cap coins and tokens that share the same ticker symbol, so it would be very difficult to code an application that could differentiate between them. Without additional information, a universal converter wouldnt know which specific coin the user is referring to.  Besides, for established coins, data like price and market cap is readily available through APIs.  However, for less popular coins, this data might be unavailable or unreliable.

When trading on these smaller exchanges they have many bases of trading.  Xeggex for instances often uses Mouse coin and Rat coin.  It's one way to create value for those coins, to make people use them to sell the coins they stake on coins like Reddcoin or Strongthands. 

All you need to do is know the mathematical equation based on how many of one type of coin there are to one DOGE.

Then you would know one variable, and if you just wanted to know the value of your coins in a more understandable cryptocurrency you would know.

If your exchange is using a strange currency to trade your coins with, it's hard to know where the market is in that coin at any given time.  Then all you need to do is know a mathematical equation based on how many of that second type of coin there are to one DOGE.  Then you can see the relationship in value or do other types of calculations.

But it is not just a "simple mathematical equation" since it is an exchange rate that changes all the time. Thats why I said that for such a website to work, you must have access to real-time data from one or more exchanges where these coins are actively traded. This is not easy to obtain for most of these not-so-popular, low-cap coins and tokens.

[paramind22]

Wouldn't that work?

If Im not mistaken, there are many low-cap coins and tokens that share the same ticker symbol, so it would be very difficult to code an application that could differentiate between them. Without additional information, a universal converter wouldnt know which specific coin the user is referring to.  Besides, for established coins, data like price and market cap is readily available through APIs.  However, for less popular coins, this data might be unavailable or unreliable.

When trading on these smaller exchanges they have many bases of trading.  Xeggex for instances often uses Mouse coin and Rat coin.  It's one way to create value for those coins, to make people use them to sell the coins they stake on coins like Reddcoin or Strongthands. 

All you need to do is know the mathematical equation based on how many of one type of coin there are to one DOGE.

Then you would know one variable, and if you just wanted to know the value of your coins in a more understandable cryptocurrency you would know.

If your exchange is using a strange currency to trade your coins with, it's hard to know where the market is in that coin at any given time.  Then all you need to do is know a mathematical equation based on how many of that second type of coin there are to one DOGE.  Then you can see the relationship in value or do other types of calculations.

But it is not just a "simple mathematical equation" since it is an exchange rate that changes all the time. Thats why I said that for such a website to work, you must have access to real-time data from one or more exchanges where these coins are actively traded. This is not easy to obtain for most of these not-so-popular, low-cap coins and tokens.

All you have to do is plug in the number you get from looking at Coinmarketcap or Coingecko.

Not everything needs to be automated, not if its going to kill the project.

[Stalker22]

All you have to do is plug in the number you get from looking at Coinmarketcap or Coingecko.

Not everything needs to be automated, not if its going to kill the project.

Yes, you could do that, but in a market as volatile as crypto, it wont be nearly accurate enough to be usable by anyone.  Also, there are over ten thousand coins and tokens listed on coinmarketcap and coinecko, I doubt you can do it for all of them.  How will you decide which ones to include and which ones not to include?  In the end, you will get the same thing as the current converters, only less accurate.

[Cryptoababe]

I don't code, but my advice for anyone doing this is to reduce the ads on the website or app. Too many ads will make users prefer CoinmarketCap or Coingecko over your app, no matter how much better it is at crypto conversion.

[anarkiboy]

I don't code, but my advice for anyone doing this is to reduce the ads on the website or app. Too many ads will make users prefer CoinmarketCap or Coingecko over your app, no matter how much better it is at crypto conversion.

I agree, maybe remove ads completely and put donation address ?

If your site gets popular, you may sell the domain for good money too so maybe just try make the site as friendly as possible, the site you would like to use yourself.