[Closed] ZeusMEX — instant cryptocurrency exchange.

[ZeusMEX]

ZeusMEX — instant cryptocurrency exchange.

Unfortunately, due to the financial losses of our investor, our exchange cannot continue to operate at the moment.

[AB de Royse777]

I would like to welcome you before anyone else in the forum :-D

[Upgrade00]

Welcome to Bitcointalk forum

[logfiles]

Welcome to the forum.

Happy to see more and more of such privacy leaning exchanges announcing themselves here, and we do hope this will just be part of the beginning of your long journey in business. I have read through the features of your service, and I am pretty impressed.

I also like this part of your ToS. So many other services pretend to offer privacy but will go ahead and block "suspicious transaction" and demand for KYC if the person wants their funds back, which is absurd.

AML/KYC policy

    To make an exchange on our service, the user does not need to register, provide personal data or go through the KYC procedure.
    If a user sends funds that are considered high-risk according to AML regulations, such an exchange will be suspended, and the funds will be automatically returned to the user.
    To refund the user, there is no need to go through KYC or provide any personal information. The refund will be made automatically to the address from which the funds were received.

    Zeusmix does not charge a fee for refunds. Refunds for TRC-20, BEP-20, and ERC-20 tokens are made by sending the user the private key that holds their funds.

How about the other coins like Bitcoin, Dogecoin etc

[ZeusMEX]

   ZeusMEX does not charge a fee for refunds. Refunds for TRC-20, BEP-20, and ERC-20 tokens are made by sending the user the private key that holds their funds.

How about the other coins like Bitcoin, Dogecoin etc

Good day.

Thank you for your feedback; it is very valuable to us.

We do not charge a fee for refunds. The return of tokens is done by sending the private key where your funds are stored, or, in the case of coins, a form will appear on the exchange page where you need to enter the address to which you want to return the funds and click the "Submit" button. After this, your funds will be automatically returned to you.

With respect,
The ZeusMEX Team!

[AB de Royse777]

We do not charge a fee for refunds. The return of tokens is done by sending the private key where your funds are stored, or, in the case of coins, a form will appear on the exchange page where you need to enter the address to which you want to return the funds and click the "Submit" button. After this, your funds will be automatically returned to you.

I was not aware of that. It's more than generous approach. I have seen services to charge x or xx% to refund with the excuse of admin fees and things. I guess it's fair that the receiver will pay the refund network fees than the business.

[Helena Yu]

Welcome to the forum.

I'm not sure if you're picking a good name for your service, because the first time when I see your domain name, I automatically think your service is a tumbler/mixer.

If you have Tor version it will be better since you're promoting "anonymity".

We do not charge a fee for refunds. The return of tokens is done by sending the private key where your funds are stored, or, in the case of coins, a form will appear on the exchange page where you need to enter the address to which you want to return the funds and click the "Submit" button. After this, your funds will be automatically returned to you.

Even though it's a good thing you want to refund the money and covered the transaction fees, but I still don't like the way you make Bitcoin as non fungible.

[ZeusMEX]

I'm not sure if you're picking a good name for your service, because the first time when I see your domain name, I automatically think your service is a tumbler/mixer.

If you have Tor version it will be better since you're promoting "anonymity".

We do not charge a fee for refunds. The return of tokens is done by sending the private key where your funds are stored, or, in the case of coins, a form will appear on the exchange page where you need to enter the address to which you want to return the funds and click the "Submit" button. After this, your funds will be automatically returned to you.

Even though it's a good thing you want to refund the money and covered the transaction fees, but I still don't like the way you make Bitcoin as non fungible.

Good afternoon.

Thank you for your feedback.

ZeusMEX is a platform for instant cryptocurrency exchange. We do not have and will not have functionality for mixing cryptocurrency. I would like to point out that many mixers do not have the word "mix" in their name, but they are still mixers, so this cannot be a definition of a mixer.

The onion website will be launched next week.

Regarding the topic of refunds, maybe I was misunderstood, but our service does not charge a fee for refunds; however, the network fee remains the user's responsibility. For example, when an exchange request is created, a unique address is generated for this request, to which the client must make the payment. The client transfers, for instance, BTC to this address. After the required number of confirmations, an AML check takes place. If the funds pass the AML check, the exchange continues; if they do not pass, a refund form appears on the exchange page, where you need to specify the address to which you want your BTC returned and click the "submit" button. After this, your bitcoins will be returned instantly from the same unique funding address to which you made the payment for the exchange request.

With respect,
The ZeusMEX Team!

[logfiles]

if they do not pass, a refund form appears on the exchange page, where you need to specify the address to which you want your BTC returned and click the "submit" button. After this, your bitcoins will be returned instantly from the same unique funding address to which you made the payment for the exchange request.

Suggestion;

1. How about a field where a refund address is entered way before an order is made. Perhaps on that page where the receiving address is entered?
I am thinking this could be convenient just in case a user accidentally closes the order page and does not remember the order ID.

[AB de Royse777]

Suggestion;

1. How about a field where a refund address is entered way before an order is made. Perhaps on that page where the receiving address is entered?
I am thinking this could be convenient just in case a user accidentally closes the order page and does not remember the order ID.

I guess this is a good suggestion.

There was a long discussion between me and the Zeusmix team. Regarding the post-fix "mix" on the brand name, it's just a part of a name as noun. The website functionality, business model does not have anything that will consider the brand as a mixer, it's an exchange that:
- does not require registration,
- does not require KYC and
- according to them they have their own liquidity reserves which means unlike some other exchanges who use API from some third party and risk your asset to be frozen if anything wrong with the coins you sent.

Furthermore, you can not even select the same coin in both "send" and "receive" field.

[ZeusMEX]

1. How about a field where a refund address is entered way before an order is made. Perhaps on that page where the receiving address is entered?
I am thinking this could be convenient just in case a user accidentally closes the order page and does not remember the order ID.

Good afternoon.

Thank you for your suggestion; we are happy to hear from everyone to improve our platform.

I will pass this on to the team, and we will consider how best to implement your idea. Even if you accidentally closed the page and it was not saved, you can always contact support, and they will definitely help you.

With respect,
The ZeusMEX Team!

[examplens]

Zeusmix is a platform for instant cryptocurrency exchange. We do not have and will not have functionality for mixing cryptocurrency. I would like to point out that many mixers do not have the word "mix" in their name, but they are still mixers, so this cannot be a definition of a mixer.

I agree with this one. Part of the name should imply the main activity of the service, but it is not mandatory. The exchange of one cryptocurrency for another is in the true sense of crypto exchange. Instead for CEX, it can be said that they are basically trading platforms, not primarily exchanges.
Based on this, any wallet can be considered as mixing.

The client transfers, for instance, BTC to this address. After the required number of confirmations, an AML check takes place. If the funds pass the AML check, the exchange continues; if they do not pass, a refund form appears on the exchange page, where you need to specify the address to which you want your BTC returned and click the "submit" button. After this, your bitcoins will be returned instantly from the same unique funding address to which you made the payment for the exchange request.

This can cause additional problems, and this should be visibly indicated during the exchange process. It does not necessarily mean that the user can receive Bitcoin at the same address from which it was sent.
It will probably be necessary to explain your AML verification method, there are really many different interpretations.

The onion website will be launched next week.

You should think about partner/affiliate programs also.

Even if you accidentally closed the page and it was not saved, you can always contact support, and they will definitely help you.

You should try to reduce all similar issues and make the platform as automated as possible.

[Mr.right85]

I guess this is a good suggestion.

There was a long discussion between me and the Zeusmix team. Regarding the post-fix "mix" on the brand name, it's just a part of a name as noun. The website functionality, business model does not have anything that will consider the brand as a mixer, it's an exchange that:
- does not require registration,
- does not require KYC and
- according to them they have their own liquidity reserves which means unlike some other exchanges who use API

It was about time Royse777! Nice seeing you coming out once more.

However, I had to review the site due to the prefix, every regular user here understands the stands of the forum on sites that functions like the prefix although, that’s not the case we’ve got here. It would have been really nice should users understand from the name alone on what services it does provide as this would go a long way to create an unmistaken first impression.

The site looks pretty simple, an almost pencil black color with a light purple color. I think what is basically done here is swapping of coins and it doesn’t really have a wide range of operation. Perhaps this extent of them services would be improved with time. Solana remains one of the good projects out there to consider adding to the list.

Also, welcome Zeusmix to the forum and it’s nice to begin your journey with huge steps through a campaign with an experienced manager.

[hugeblack]

What additional trading pairs may be added, Monero for example??
any NO JS version?
I tried to exchange USDT --> BTC and entered my Bitcoin address, but I cannot see the address before making exchange (it would be appropriate to see the address to verify that it is the correct address)
Since exchange is made from your reserves, is it possible to indicate the remaining reserve? I see that current maximum is 8660.26582 USDT. Is this the current reserve?

[AB de Royse777]

The onion website will be launched next week.

You should think about partner/affiliate programs also.

This is a good suggestion. I already proposed it to the team.

Solana remains one of the good projects out there to consider adding to the list.

I am sure they have many chains in the pipeline. We will see regular updates. Thanks for the good words btw :-D

What additional trading pairs may be added, Monero for example??
any NO JS version?

Monero will added as you can see from the FAQ of the OP.
The onion version is going to launch soon as per my knowledge.

[Learn Bitcoin]

Hey ZEUSMIX

Welcome to the great Bitcoin forum. Just checked out the website and it seems good so far. The website seems brand new even though the copyright is from 2023. The recent transactions tabs have only a couple of number of transactions history. So, I assume you guys are operating for not too long. It is a good decision to come over to this forum and have some exposure. It is essential for an anonymous platform to build a reputation so it can gain the trust of users.

Bitcoin forums always welcome no-KYC-based platforms like Zeusmix. I am kind of surprised to see that you guys also have SimpleX chat. I don't remember seeing any platform that has SimpleX chat for their users.

Anyway, You guys seem to have only a couple of exchanging options for now. Adding more coins like XMR, Dash, and some other popular coins will be good. I am curious how long a user will be able to track his transactions. What if someone closes their browser tab and they have some issues like they did not receive their coins? Having these logs without an account is tough. Do you guys generate a Unique URL with an order ID for each order? I haven't tried the service yet, which is why I am asking.

[Mr.right85]

I tried to exchange USDT --> BTC and entered my Bitcoin address, but I cannot see the address before making exchange (it would be appropriate to see the address to verify that it is the correct address)
Since exchange is made from your reserves, is it possible to indicate the remaining reserve? I see that current maximum is 8660.26582 USDT. Is this the current reserve?

I tried verifying on what you just said about having to reconfirm your address and your address is visible upon input of the address but, after you initiate the transaction by clicking the start button for the exchanger to begin processing, you don’t get any form of preview as per reference to the address but, you can find a receiver space to be designated in the ideal currency.
For some this might be enough but, it would be a more preferred option to review your address, there is a lot of space for that on same roll.

The onion website will be launched next week.

You should think about partner/affiliate programs also.

This is a good suggestion. I already proposed it to the team.

I noticed that as well, tried using the onion link on signature and it comes up with an error message on network coverage. It’s a little relaxing am not alone on this and the fact that it’s something being looked at by the team.

[ZeusMEX]

This can cause additional problems, and this should be visibly indicated during the exchange process. It does not necessarily mean that the user can receive Bitcoin at the same address from which it was sent.
It will probably be necessary to explain your AML verification method, there are really many different interpretations.

We utilize several advanced AML data providers to maintain an acceptable level of AML risk on par with other CEX platforms. Our platform's objective is to provide the best service for instant cryptocurrency exchange, but we will never facilitate the laundering of stolen funds or those obtained through hacking, and so forth. When a client creates an exchange request, a unique address is generated for payment. If the client sends cryptocurrency with a high AML risk to this address, the exchange will be immediately suspended by our system. After that, the client will be prompted on the request page to specify a return address and press the "Send" button. After this action, the funds will automatically return to the address from which the payment for the exchange request was made. This system is fully automated.

You should think about partner/affiliate programs also.

Affiliate program is in development and is also in its final stage.

What additional trading pairs may be added, Monero for example??

Yes, we plan to add Monero, it is also in the final stage of development, and in the future, there are plans to add other coins and tokens

I tried to exchange USDT --> BTC and entered my Bitcoin address, but I cannot see the address before making exchange (it would be appropriate to see the address to verify that it is the correct address)

You can see the entered address when creating an exchange before pressing the 'Start Exchange' button, as well as after completing the exchange on the order page. However, your suggestion also makes sense; I will pass it to our team, and we will try to work on this aspect. Thank you very much for the suggestion; we greatly appreciate such feedback.

Since exchange is made from your reserves, is it possible to indicate the remaining reserve? I see that current maximum is 8660.26582 USDT. Is this the current reserve?

Yes, when entering the exchange amount, you are shown the minimum and maximum values ​​that our platform can process for the exchange. We are currently in the beta version, working with low liquidity. Additionally, we plan to add a separate section on the website displaying the current data of our liquidity reserves.


I want to thank each of you for your suggestions and feedback on our platform. It is very valuable to our team; we want to hear from everyone to make our platform better.

[electronicash]

welcome to bitcointalk.org
this is a cool exchange. this should be the kind of exchange that is promoted widely but i think there will be transparency if we can see the SAFU, how do we know the exchange has BTC to send?

but wouldn't this be considered a mixer in the forum and we all know mixers are already banned here. hope not since they are already up to promote the exchange thru signature.

[xtests]

I don't remember seeing any platform that has SimpleX chat for their users.

There are some already and one of them even has an older thread on this forum, which seems to be the inspirational source for this service here.