blockchain.com has good or bad exchange rate?

[someoldcoins]

hi

sometimes i want to swap crypto currency to another without hassle of sending coin to external third party wallet or paying higher fees.


i like privacy specially when it's coming to my wallet but blockchain require id/passport to exhcnage coins .


anyone think it worth to use their non standard feature with kyc ? this tool is being advertised as cheap , long time ago they have partnered with shapeshift and rates was totally rippoff  , i don't know what they are using now but there is no real reason for me to trust them .


also where the best place for crypto-to-crypto exchange with short block confirmations,low minimum and fees ?

[hugeblack]

Stay away from anything related to that wallet or platform (Blockchain.info,) there are many risks and many alternatives.

sometimes I want to swap cryptocurrency to another without the hassle of sending the coin to external third party wallet or paying higher fees.

All exchange transactions are done like that but don't show in the interface.

also where the best place for crypto-to-crypto exchange with short block confirmations,low minimum and fees ?

I think the best option is to use https://changelly.com, cheap fees as the conversions don't take time^[*].
It is better for you not to trust them when it comes to large deposits. There are some cases where problems have occurred so try small money.


[*] block confirmations are related to the network, fees and some technical variables, not the type of wallet or platform you send.

[bitmover]

I think the best option is to use https://changelly.com, cheap fees as the conversions don't take time^[*].
It is better for you not to trust them when it comes to large deposits. There are some cases where problems have occurred so try small money.


[*] block confirmations are related to the network, fees and some technical variables, not the type of wallet or platform you send.

I saw some people having problems here in this forum with changelly few time ago.
You can check here
 https://bitcointalk.org/index.php?action=trust;u=823207
There are other alternatives such as instaswap and easyrabbit,.

I used already all of those services, and the exchange rate is somehow good for low volume (better than exchanges, as there is no withdrawal fee).

You should compare the rates of all known services and pick one

[LeGaulois]

@OP

What about switching to Binance or Bitmex? Both don't have KYC (up to a daily limit, at least with Binance) You have alternatives like Fyp.me too but since you care about your privacy you could simply download your own wallets and use decentralized exchanges. The costs surely will not be any worse than using blockchain.com wallets

[figmentofmyass]

i've had good experiences with flyp.me for instant accountless crypto-to-crypto trading. it's been a few months though, and things change very quickly in this space so you should do some additional research.

I saw some people having problems here in this forum with changelly few time ago.
You can check here
 https://bitcointalk.org/index.php?action=trust;u=823207
There are other alternatives such as instaswap and easyrabbit,.

i would reiterate that changelly is a questionable service. admittedly, they were the top choice when shapeshift mandated KYC but they have been pulling the selective KYC scam for a while now.

[bL4nkcode]

i would reiterate that changelly is a questionable service. admittedly, they were the top choice when shapeshift mandated KYC but they have been pulling the selective KYC scam for a while now.

Lots of issues and scam accusations against changelly so, its a no for using them.

flyp.me is a good choice as well, they don't require you to have make an account just your receiving address which is good for your privacy. While binance is your best choice only if you will trade under 2 btc so you will not be required to do their KYC and if your country is not on their restricted countries.

[1Referee]

Lots of issues and scam accusations against changelly so, its a no for using them.

Coinomi has Changelly still listed, which is quite weird after such a long period of time of complaints and scam accusations. Considering that a lot of noobs use Coinomi as their shitcoin wallet that lists forks and airdrops swiftly after creation, we can expect the complaints against Changelly to pile up even further as they are just as swift with providing a market for that garbage.

The last time I used Changelly was when I converted some BTG to Bitcoin last year, and it took hours to get it completed. The trade was put on hold because the price of BTG dropped, but when it went back above the rate I initiated the trade at, they went through and sent me the Bitcoin. I'm sure they would have cancelled the trade if the price didn't recover.

[TryNinja]

Coinomi has Changelly still listed, which is quite weird after such a long period of time of complaints and scam accusations. Considering that a lot of noobs use Coinomi as their shitcoin wallet that lists forks and airdrops swiftly after creation, we can expect the complaints against Changelly to pile up even further as they are just as swift with providing a market for that garbage.

Even Ledger has Changelly listed (the first option, at the top of the "Buy crypto assets" page - which has it's own tab in the navigator). And that's because everyone says "buy and Ledger" for the newbies asking which wallet they should use.

The only quick-trading website that was """good""" as less-shady was Shapeshift, and AFAIK they require KYC now.

[logfiles]

OP the best thing you can do right now is use an exchange like Binance. I know you have hassle and want to make exchanges instantly but i use Binance almost daily. If i want to exchange some coin, the whole process take less than 30 minutes... sending in the coin i want to swap and receiving the coin i want especially coins with quicker confirmation times than BTC.

The Advantages of doing trade yourself in binance;

- Way cheaper rates (services like changelly have some extra fees they charge you on top of slippage rates)
- Withdraw fees are the cheapest for most coins across all exchanges even for BTC (0.0003 BTC)
- High liquidity, your orders get filled pretty quick so long as they are within the market price range
- NO KYC for withdraw limits of 2 BTC every 24 hours
- You have control of selling your coins at whatever rate you want.
Other exchanges that have no KYC for certain limits (atleast the ones i have used) are Kucoin, Huobi, Okex but their withdrawal fees vary

Disclaimer; am not advertising binance in any way.

@OP

What about switching to Binance or Bitmex?

Yes Bitmex has no KYC and the withdrawal fees are also friendly, 0.0003 BTC just like Binance but you can not swap coins using it. The only coin you can deposit and withdraw is BTC(XBT)
Also, Bitmex's withdrawals are done only once a day in a batch (that is every day at around 13:00 UTC)

[someoldcoins]

thanks for replies


@hugeblack

i thought changelly charge extraordinary fees .


i never heard about  flyp but i think it worth checking .


i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .


blockchain came as very handy to me but i don't use now to store coins .instead i use cold wallet .

[BitMaxz]

i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .

The depositing depends on your transaction fee and base on my experience for BTC they wait for 3 to 5 confirmation but for altcoin they wait for more than 20+ confirmation before you able to trade in Binance/

Don't forget the promo discount from Binance where you can save the fee while trading since you are looking for low/cheaper fee this is what I think you are looking for.

- Creating a new Binance account just for the sake of getting the new discount

[someoldcoins]

i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .

The depositing depends on your transaction fee and base on my experience for BTC they wait for 3 to 5 confirmation but for altcoin they wait for more than 20+ confirmation before you able to trade in Binance/

Don't forget the promo discount from Binance where you can save the fee while trading since you are looking for low/cheaper fee this is what I think you are looking for.

- Creating a new Binance account just for the sake of getting the new discount

thanks for promo code , i guess this will not work for me then .

maybe i will look into flyp

[squatter]

i guess i would go with binance since it's world wide exchange , i read good amount of feedback compliment this exchange , same apply for karken but i don't think the deposits are that fast .

The depositing depends on your transaction fee and base on my experience for BTC they wait for 3 to 5 confirmation but for altcoin they wait for more than 20+ confirmation before you able to trade in Binance/

I'm pretty sure Binance offers faster deposits than anywhere else. They recently dropped the number of required confirmations to 1 for bitcoin and 12 for ether. In contrast, Coinbase requires 6 confirmations for bitcoin deposits and 35 confirmations for ether.

Also, you'll generally get better prices trading on Binance than using instant swap services.

[Findingnemo]

blockchain came as very handy to me but i don't use now to store coins .instead i use cold wallet .

I did used blockchain.info wallet earlier when noKYC required for swapping coins,if there is need for small swaps from btc to eth for gas fee but they changed their terms that is the reason why they were asking to confirm lot of identity to approve swap things.

Since you already mentioned binance will be the better choice,better lock this thread now or still looking for alternative?

If yes coinomi wallet got the same function which uses changelly but understand the risk of swapping huge amounts using changelly or any other anonymous exchange.

[someoldcoins]

i don't see reason to lock thread , anyone free to post .


yes i think i will try binance , i figure out they have interest rate if you joined the lending program .


i found flyp/holytransaction has accusations too . maybe it's better to use sites that recommended the most by crypto community .

[leowonderful]

i don't see reason to lock thread , anyone free to post .


yes i think i will try binance , i figure out they have interest rate if you joined the lending program .


i found flyp/holytransaction has accusations too . maybe it's better to use sites that recommended the most by crypto community .

Binance's annualized interest for lending's currently at just 0.78% for Bitcoin, and just 0.86% for BNB which comes out to just 0.0076BTC/year for BTC which is almost nothing per coin, not to mention they've got some sort of daily quota system implemented where they only accept so many people daily to lend (300BTC daily at the moment), but if you're willing to take that reward for the risk of keeping your coins on the site, go for it.  

I also agree with everyone else here and I'd suggest you just use a traditional exchange to swap coins. Most of the 'instant swap'-type sites out there are indeed pretty sketchy, and the ones that don't require KYC are generally pretty small and new as well.

[1Referee]

I'm pretty sure Binance offers faster deposits than anywhere else. They recently dropped the number of required confirmations to 1 for bitcoin and 12 for ether. In contrast, Coinbase requires 6 confirmations for bitcoin deposits and 35 confirmations for ether.

It's like two weeks ago that we have witnessed a stale block on the Bitcoin network, and it will definitely happen again.

Bad Binance. Offering your traders convenience is never worth jeopardizing your own business. Bitmex also just requires 1 confirmation, but they at least manually process withdrawals once a day, while Binance withdrawals can be requested at any time of the day and are near instant.

Coinbase & Co wait for 3-6 confirmations for a reason. It's not done because they like to make people wait, but to obtain enough certainty that they will not lose any funds.

[someoldcoins]

i don't see reason to lock thread , anyone free to post .


yes i think i will try binance , i figure out they have interest rate if you joined the lending program .


i found flyp/holytransaction has accusations too . maybe it's better to use sites that recommended the most by crypto community .

Binance's annualized interest for lending's currently at just 0.78% for Bitcoin, and just 0.86% for BNB which comes out to just 0.0076BTC/year for BTC which is almost nothing per coin, not to mention they've got some sort of daily quota system implemented where they only accept so many people daily to lend (300BTC daily at the moment), but if you're willing to take that reward for the risk of keeping your coins on the site, go for it.  

I also agree with everyone else here and I'd suggest you just use a traditional exchange to swap coins. Most of the 'instant swap'-type sites out there are indeed pretty sketchy, and the ones that don't require KYC are generally pretty small and new as well.

it's possible a high lending rate a potential scam , i prefer reputation over extraordinary interest . do you know better lender ?

i know keeping bitcoin online is not safe , but in this terms of this site it's safe based on reviews .

i would not leave 1 btc in online wallet , but earning interest rate is good for me since i'm not trader .

[LeGaulois]

@someoldcoins
Yeah, there are Nexo.io, BlockFi. Since lending is their main activity you get a better alternative compared to others. Their way of working is much more serious. When you're sick you go to the doctor, not to the electrician héhé.
I'm watching these platforms for some time and for sure I won't lend BTC on a platform like Binance, etc...

  0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

[figmentofmyass]

0.75% on Binance: what the hell people are doing there? Banks provide a better APR and more important taxes free.

banks don't pay interest on bitcoin.

that's the difference, lenders want their capital in BTC, not dollars or euros. people also have a lot of trust in binance as a custodian (not sure why) so that could pressure rates even lower than other markets.

the BTC vs BUSD rates gives some insight into margin trading sentiment. low BTC rates = lots of BTC supply = people are scared to short the market. higher BUSD rates (currently 2.7% annual) = less BUSD supply = people are bullish and leveraging long.