splash.tf - instant exchange BTC / ETH / XMR / DAI

[hugeblack]

How do you plan to gain trust here? I'm talking about something like depositing 1 Bitcoin into the forum escrow or signing a message form reserve address.

If you deposit enough into the forum escrow, I'll try the service.

[Pmalek]

I noticed something while playing around the exchange fields.
If you enter the coin information (From?, To?, Amount?, etc.), the exchange will show you the rates in the output info on the bottom left. However, if I switch from dynamic to fixed rate or vice versa, the exchange only shows the current exchange rate between the two selected pairs. It doesn't display the new amount the user will get. I would have to fill in an amount under the "Amount" field again. I think it would be better if the correct amounts are shown immediately after changing the rates. 

[splashed]

How do you plan to gain trust here? I'm talking about something like depositing 1 Bitcoin into the forum escrow or signing a message form reserve address.

If you deposit enough into the forum escrow, I'll try the service.

That's a good suggestion, thank you! We'll look into that 

I noticed something while playing around the exchange fields.
If you enter the coin information (From?, To?, Amount?, etc.), the exchange will show you the rates in the output info on the bottom left. However, if I switch from dynamic to fixed rate or vice versa, the exchange only shows the current exchange rate between the two selected pairs. It doesn't display the new amount the user will get. I would have to fill in an amount under the "Amount" field again. I think it would be better if the correct amounts are shown immediately after changing the rates. 

Thank you, we will fix that.

[TryNinja]

Guess I'm your first customer.

Tried swapping 0.02 ETH to BTC. Output was 0.0004991 BTC

At the time, ETH/BTC at Binance was giving me 0.00050389 BTC  (counting the 0.1% trading fee) for the same amount, so around 0.95% less than Binance.

Transaction was super fast, I think it took less than 2 minutes from ETH sent to BTC received.

The only thing I missed was a QR code for the deposit address on the swap page. Also, 24h volume at the front page is still at 0.

[splashed]

Guess I'm your first customer.

Tried swapping 0.02 ETH to BTC. Output was 0.0004991 BTC

At the time, ETH/BTC at Binance was giving me 0.00050389 BTC  (counting the 0.1% trading fee) for the same amount, so around 0.95% less than Binance.

Transaction was super fast, I think it took less than 2 minutes from ETH sent to BTC received.

The only thing I missed was a QR code for the deposit address on the swap page. Also, 24h volume at the front page is still at 0.

Thank you for being our first customer, we really appreciate that  . We will remember you always ninja.

1. Rate
Our rate is the average of multiple exchanges (including binance) - so sometimes the variation between different exchanges will mean that our rate can be slightly higher than the exchange that offers the lowest rate. We will look into doing weighted average and giving exchanges with high volume a bigger weight. Thanks for reporting that!

2. QR code
Noted. We will add QR code for deposit.

3. 24h volume
This is not updated in real time for privacy reasons.

[hugeblack]

The only thing I missed was a QR code for the deposit address on the swap page. Also, 24h volume at the front page is still at 0.

Can you check if they use a single Ethereum address for all transactions (ETH/DAI) and the AML score for the results?

Thank you for being our first customer, we really appreciate that  . We will remember you always ninja.

In ToS, add a list of exchanges that accept your coins and update it daily. This will be useful in determining which exchanges to avoid.

[Pmalek]

I wanted to say the same thing hugeblack did. Splash is relatively new so it might not yet be on the radars of blockchain analysis firms and other enemies of privacy. Still, knowing which CEXs don't give the crypto that comes from Splash a negative rating and bad AML score is a valuable piece of information. @splash does that sound doable to you?

Also, will you consider adding other stablecoins to your platform besides DAI?

3. 24h volume
This is not updated in real time for privacy reasons.

What about the reserves info? How often do you update that data?

[splashed]

In ToS, add a list of exchanges that accept your coins and update it daily. This will be useful in determining which exchanges to avoid.

I wanted to say the same thing hugeblack did. Splash is relatively new so it might not yet be on the radars of blockchain analysis firms and other enemies of privacy. Still, knowing which CEXs don't give the crypto that comes from Splash a negative rating and bad AML score is a valuable piece of information. @splash does that sound doable to you?

Also, will you consider adding other stablecoins to your platform besides DAI?

3. 24h volume
This is not updated in real time for privacy reasons.

What about the reserves info? How often do you update that data?

List of exchanges that accept our coins and update it daily
That is a good idea, we'll look into this. Thank you and thank you @Pmalek

Other stablecoins
At the moment the only reputable and decentralized stablecoin is DAI. We are not considering USDT / USDC. We'll consider other decentralized ones in the future.

Reserve info
Reserve info is almost real time.

[examplens]

Why there is no onion link for your exchange? And why are you using this weird .tf domain?

It is much more demanding to take away or suspend such domains like .tf, .cx, etc...  They are not under the direct control of the central registry.
An example of exch is sufficient, where the .net domain was taken from them (they used it for a very short time), while the .cx and .pw domains are still in their ^exch possession.

[Pmalek]

Guess I'm your first customer.

Tried swapping 0.02 ETH to BTC. Output was 0.0004991 BTC

At the time, ETH/BTC at Binance was giving me 0.00050389 BTC  (counting the 0.1% trading fee) for the same amount, so around 0.95% less than Binance.

Transaction was super fast, I think it took less than 2 minutes from ETH sent to BTC received.

The only thing I missed was a QR code for the deposit address on the swap page. Also, 24h volume at the front page is still at 0.

I doubt you are a fan of traditional centralized exchanges and KYC services but have you perhaps transferred the coins you got from Splash to such a platform to see what would happen or done any analysis with available AML bots to see how "clean" or "dirty" that BTC is and what its associated risk rating is?

[Zwei]

@splashed do you plan on adding litecoin anytime soon?

How do you plan to gain trust here? I'm talking about something like depositing 1 Bitcoin into the forum escrow or signing a message form reserve address.

i can't speak for others, but this would definitely give me confidence to try/start using splash for my swaps knowing if something goes wrong, i could get compensation from the coin held on escrow.

[splashed]

@splashed do you plan on adding litecoin anytime soon?

How do you plan to gain trust here? I'm talking about something like depositing 1 Bitcoin into the forum escrow or signing a message form reserve address.

i can't speak for others, but this would definitely give me confidence to try/start using splash for my swaps knowing if something goes wrong, i could get compensation from the coin held on escrow.

Not planning on adding litecoin anytime soon, but will consider it if we get more demand for it.

Noted on the escrow, we've been given a list of trustworthy members here that do escrow, we'll get in touch with them 

[TryNinja]

I doubt you are a fan of traditional centralized exchanges and KYC services but have you perhaps transferred the coins you got from Splash to such a platform to see what would happen or done any analysis with available AML bots to see how "clean" or "dirty" that BTC is and what its associated risk rating is?

I don't have the address with me right now, but as soon as I get hold of the wallet, I'll run an AML check out of curiosity.

To the OP, what about providing a Letter of Guarantee for orders?

i.e I create a order for BTC -> ETH, you'll provide a deposit address for my output address. Generate and sign a letter with the details so I can prove I should have received my coins if anything goes wrong.

[examplens]

How do you plan to gain trust here? I'm talking about something like depositing 1 Bitcoin into the forum escrow or signing a message form reserve address.

If you deposit enough into the forum escrow, I'll try the service.

If the information on the site is correct, the exchange has a much smaller amount than 1 BTC.
It is okay to somehow verify the reserves, but I would not repeat the mistake of eXch, where they always used the same addresses, which made it easier to target their coins, and we all know the epilogue.

[splashed]

I doubt you are a fan of traditional centralized exchanges and KYC services but have you perhaps transferred the coins you got from Splash to such a platform to see what would happen or done any analysis with available AML bots to see how "clean" or "dirty" that BTC is and what its associated risk rating is?

I don't have the address with me right now, but as soon as I get hold of the wallet, I'll run an AML check out of curiosity.

To the OP, what about providing a Letter of Guarantee for orders?

i.e I create a order for BTC -> ETH, you'll provide a deposit address for my output address. Generate and sign a letter with the details so I can prove I should have received my coins if anything goes wrong.

Good suggestion on the Letter of Guarantee. We'll add that. Thank you.

[FixedFloatScam]

Used it few times, worked perfectly, no issues. 10/10, highly suggested that.

[splashed]

Service Update Announcement

Onion Site
http://ekrdgp4j5y3o66urb4t5kzf3erdu6ewvk6zhu33m3m7wp2iflplk6jid.onion

We're happy to announce the launch of our onion site. The site is a complete redo without the use of any javascript, while still preserving the core aesthetics. Using this site users will be able to completely maintain their privacy, confident that no javascript runs in the background sending your browser's information.

Let us know what you think!

p.s. We've also included a button to disable animation, for those getting headaches from the static animation  .

[SFR10]

p.s. We've also included a button to disable animation, for those getting headaches from the static animation  .

Thank you for adding a button to disable animations, but it appears to be limited to your onion site ^{[I already tried clearing the cache on my side]}.
^{- BTW, I wanted to try doing some tests using random addresses on the clearnet version, but there seems to be a bug in the refund address field (it keeps showing "Invalid refund address" error).}

[splashed]

p.s. We've also included a button to disable animation, for those getting headaches from the static animation  .

Thank you for adding a button to disable animations, but it appears to be limited to your onion site ^{[I already tried clearing the cache on my side]}.
^{- BTW, I wanted to try doing some tests using random addresses on the clearnet version, but there seems to be a bug in the refund address field (it keeps showing "Invalid refund address" error).}

Yes it is just the onion site for now. Once it is tested we'll migrate the clearnet to use the same js-less site.

Regarding the refund address, what was the source coin?

[SFR10]

Regarding the refund address, what was the source coin?

Sorry, I forgot to mention it was for Bitcoin... While we're on the topic of refund addresses, I want to make a small suggestion about the content in the pop-up that appears when we hover over the blue information icon: It'd be better if you could add another message that reminds users only to use addresses that they fully control, as opposed to addresses from other exchanges ^{[it might save a few people from making that kind of mistake]}.