Where you can get Btc more than expected.

[ak_Merin94]

I exchanged Eth to Btc through simpleswap.io exchanger. The exchange process was taking more than expected. If I sent 0.5 eth and expected to receive 0.01453462 btc, finally I received 0.017449 btc!
That's 20% more than I expected at first. I contacted their support and they explained me that this the feature of floating swaps. When I asked could I receive 20% less, they assured me that their system stops exchanges when rates significantly differ from expected ones. That's interesting and worth testing it again. Is anybody tried to use this company? What are your thoughts?

[cyriljundos]

there are many ways on how to get more bitcoin more than you expect, one way is you can trade bitcoins through alternative coins, by trading bitcoins to other alt coins you may able to gain bitcoin depends on  your strategies and techniques in the markets like binance, bittrex. other way to earn more is to mine bitcoin but it will need you good pc and cold climate to mine bitcoins.

[LeGaulois]

@cyriljundos

This is out of topic. What you describe is nothing more than trading to accumulate more coins. Here the topic is about the floating rate used by the 'accountless' exchange mentionned.


@ak_Merin94

20% seems too much, or rather too good to be true. Additionally, I checked the FAQ and the website says nothing about stopping exchanges when rates significantly differ (in a negative way)
In fact, it clearly says the opposite, during a swap you can receive more but you can also receive less

(and surely not a difference of 20%)

Finally, checking your post history, I don't buy your story but that's a nice attempt.

[stomachgrowls]

Made up some searches and they do have some complaints too,

https://icorating.com/simpleswap/reviews/likely-a-scam-142099/
https://www.reddit.com/r/bandprotocol/comments/jaym89/scammer_intercepted_my_simpleswapio_transaction/

First time on hearing out with simpleswap plus on that 20% exchange difference when the exchange had been broadcasted.
Price cant swing in 20% in matter of short time.So just like above, i wont really be buying this story.

[as.exchange]

@cyriljundos

This is out of topic. What you describe is nothing more than trading to accumulate more coins. Here the topic is about the floating rate used by the 'accountless' exchange mentionned.


@ak_Merin94

20% seems too much, or rather too good to be true. Additionally, I checked the FAQ and the website says nothing about stopping exchanges when rates significantly differ (in a negative way)
In fact, it clearly says the opposite, during a swap you can receive more but you can also receive less

(and surely not a difference of 20%)

Finally, checking your post history, I don't buy your story but that's a nice attempt.

I agree with you and others who note that it's "too good to be true". Yet, what they try to describe, yet, due to their limited knowledge of finance and economics, is commonly called "triangular arbitrage": https://en.wikipedia.org/wiki/Triangular_arbitrage

If they would have even a basic fin education, they would know what it is and how that works, and could make up a better and more realistic story. But, we got what we got here

[mersal]

@cyriljundos

This is out of topic. What you describe is nothing more than trading to accumulate more coins. Here the topic is about the floating rate used by the 'accountless' exchange mentionned.


@ak_Merin94

20% seems too much, or rather too good to be true. Additionally, I checked the FAQ and the website says nothing about stopping exchanges when rates significantly differ (in a negative way)
In fact, it clearly says the opposite, during a swap you can receive more but you can also receive less

(and surely not a difference of 20%)

Finally, checking your post history, I don't buy your story but that's a nice attempt.

I agree with you and others who note that it's "too good to be true". Yet, what they try to describe, yet, due to their limited knowledge of finance and economics, is commonly called "triangular arbitrage": https://en.wikipedia.org/wiki/Triangular_arbitrage

If they would have even a basic fin education, they would know what it is and how that works, and could make up a better and more realistic story. But, we got what we got here

Triangular arbitrage involves three currencies but here involve BTC and ETH right? Or there is any chance you swapped to Any stable coin in between?

Probably it may happened due to bug but I don't think 20%  difference on the prices will make their services to go bankrupt in just few hours and also social media will surely reported and get enough attention if you are saying the truth.