I now saw that every order someone creates costs a fee of at least 0.0003 bitcoin. That's $0.13 for every order. And then you have the restriction of the order staying alive for 6 days only. I guess an order can't be cancelled?
Man, this all disappoints me. I neve got the idea that it would not be possible to establish a normal orderbook on counterparty.
Guess the only option is to handle an orderbook on a thread or on otc or so. :/
For many purposes a traditional exchange is better (faster, free order placement, etc)
The DEX is quite popular for trading Spells of Genesis cards. It enables you to trade cards with anyone online at no risk.
In Counterwallet you can set the expiration through settings. The fee is unfortunately not possible to change in the GUI. If it is $0.13 I believe most of it is redeemable multisig.
You mean most of the fee can be gotten back when it expires?
Well, I'm only surprised that colored coins are not able to create a normal orderbook like on exchanges. Though I don't know much about the tech behind. It's unfortunate since it means everyone has to trade outside of the wallet. I know the dex can be included as a plugin or so but that does not help for the occasional trader. The normal trader searches the orderbook it's empty and that was it for him.
I would not want to use traditional exchanges anymore because of the security risks on there.
NXT is too difficult, high learning curve, and even though shares can be traded there paying out bitcoins as div is complicated and not working out of the box. Naturally, since shares are bound to nxt addresses and not to bitcoin addresses.
When I would use the dex for offering shares, then is it used to trade traditional shares on there too or is it practically only for gaming cards?
