✅ b1exch.to - Instant Auto Exchange | NO KYC | Escrow 0.2 BTC

[internetional]

Now if we don't show the reserves , people will ask for proof of reserves and if we show it , we are hit with this issue.
To gain something you need to lose something.
Once we have enough trust we will starting hiding the addresses and using multiple addresses.

Despite everything mentioned above and the fact that there have been attempts to take you down using the most expensive methods, you are still confident that crypto from your addresses is currently accepted by all exchanges, correct?
I assume this confidence stems from the fact that you conduct AML checks on your own addresses. Am I right? If so, can we expect that in the event of a threat, you will immediately notify users if one of your addresses hits an AML blacklist?

[examplens]

I don't think a coin listed in b1exch uses an onion blockchain domain aside XMR, right?

Currently, I can't access the XMR blockchain explorer in the pool section via .onion because it's unavailable.

Monero is currently unavailable on b1exch, not sure if it was before or after you tried.
Of course, their address is private, so you can't even verify the balance. If I remember correctly, only for XMR, there was no link to blockexplorer. I understood that it was not linked because it would be useless, from a privacy perspective.

[The Cryptovator]

Now if we don't show the reserves , people will ask for proof of reserves and if we show it , we are hit with this issue.
To gain something you need to lose something.
Once we have enough trust we will starting hiding the addresses and using multiple addresses.

We can understand the first priority should be gaining trust. But at the same time privacy is also an important matter. I think you have to refill your reserve every day, which means you can keep changing the address even a couple of times in a day based on swap demands. So your reserve address won't get blacklisted by other platforms.

For changing address, I don't think it will be an issue for the trust. Overall forum users already have enough faith in you, and hopefully users outside the forum are also starting to believe you. You just need a little bit more time to gain trust, because the trust couldn't be built in a short time.

[TokenTikas]

I had a new kind of experience using b1exch.to. During the first exchange duration, it showed an expected receive (~45.90 usdt) but even after the time finished, the exchange was not completed. Later on, I realized it was because the (BTC) deposit Block confirmations were still taking time to complete. I’ve shared a screenshot below from the moment during the first exchange duration.



After the first duration time ended, I saw in the second duration that the expected receive ~46.86 USDT. Later, when the exchange was fully completed, I actually received around (~46.95 usdt). This part was quite interesting to me because compared to the first duration, the expected usdt in the second one was higher.

[crwth]

~snip

The first screenshot shows the possible amount that you will have, and that's not the final rate. From what I understand, once the transaction pushes through and the deposit is received and confirmed, it will then get the rate at that time for the exchange, hence the different amount you received in the final step.

Code:

69032 USDT per 1 BTC (First screenshot) 
69109.7 USDT per 1 BTC(Second screenshot)

[The Cryptovator]

I had a new kind of experience using b1exch.to. During the first exchange duration, it showed an expected receive (~45.90 usdt) but even after the time finished, the exchange was not completed. Later on, I realized it was because the (BTC) deposit Block confirmations were still taking time to complete. I’ve shared a screenshot below from the moment during the first exchange duration.

After the first duration time ended, I saw in the second duration that the expected receive ~46.86 USDT. Later, when the exchange was fully completed, I actually received around (~46.95 usdt). This part was quite interesting to me because compared to the first duration, the expected usdt in the second one was higher.

When you are swapping Bitcoin, then you have to accept the delay time. Because without block confirmation any exchange won't complete the swap. Otherwise, there is a double-spend risk remain. That's the reason Exchange waits for a couple of confirmations for the transaction before releasing expected coins. So the duration of a Bitcoin swap is acceptable.

Regarding price, crwth already explained about it. You may notice it from the screenshot as well. They are showing the current exchange rates; if the time delay were much more, then the rate would be updated, and you would have paid accordingly. I think that's good for the exchange and users as well. Bitcoin would dump or pump anytime within even minutes. So the rate would be balanced this way.

[vidabela]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

[rat03gopoh]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

What pair did you traded?
Can you share a screenshot of the message from Bybit?
What do you mean by ETH address being burned? Are your ETH being sent(forwarded) to the burn address?

[PX-Z]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

What information they want, personal information? Name, contact, etc? Never experience that on Kucoin after i transact USDT deposit from b1exch.
Don't tell me the transaction where the funds from (b1exch) flagged with higher aml score

..
What do you mean by ETH address being burned? Are your ETH being sent(forwarded) to the burn address?

If i understand it correctly the eth address is flagged on bybit, because theres no such thing as eth address burning.

[vidabela]

usdt erc20 to eth

https://i.ibb.co/Gv6JPmvV/image.png

bad aml from wallet who they send this eth i think...

please b1 contact me so fast.

[TokenTikas]

The first screenshot shows the possible amount that you will have, and that's not the final rate. From what I understand, once the transaction pushes through and the deposit is received and confirmed, it will then get the rate at that time for the exchange, hence the different amount you received in the final step.

Yes, I understand what you’re saying. From the first screenshot, it didn’t complete at that time. After a while, when the 10 minute duration on b1exch finished, it refreshed again and the exchange was completed. The second screenshot I shared is from the exchange during the second duration time.

In the second screenshot, I didn’t share the earlier part when the exchange duration started again and was completing. What I’m showing you is the amount that was displaying as the expected USDT to receive just before the second exchange was completed.

[inspace]

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[joker_josue]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

But did you send it directly to a ByBit address? That's never recommended; sending an exchange to an address that isn't 100% controlled by you.

[PX-Z]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

But did you send it directly to a ByBit address? That's never recommended; sending an exchange to an address that isn't 100% controlled by you.

Guilty here as well, lol. Thankfully, I haven't experienced anything like that, that's the lesson. And yeah, that's probably what happened.

Most likely, it's due to the extra burden of paying another transaction fee if you route funds through a personal wallet instead of sending them directly to an exchange.

[Lakai01]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

In my experience, this has become standard practice when depositing funds from a new address to an exchange: you must first verify the address (in the EU, this is known as “Proof of Ownership”) and prove that the address actually belongs to you. I would therefore strongly advise against depositing funds from an address to which you do not have access. If the exchange requires, for example, a signature on the address (Kraken and Bitpanda require this), you won’t be able to provide it, and the coins won’t be credited to your account.

So this doesn’t necessarily have anything to do with the fact that b1exch addresses are flagged (why would they be?), but could very well be due to the so called Crypto Travel Rule

Crypto Travel Rule
The crypto travel rule is a regulation that requires customer due diligence every time crypto assets are moved. Companies can verify the identities of both the sender and receiver in a transaction, so they can spot red flags. Depending on the guidelines set up, a provider can choose to halt suspicious transactions before they even go through.

Source

[summonerrk]

It seemed like a good deal, until I completed my transaction and a few minutes later received an email from Bybit asking for more information about the deposit... extremely strange because I use Bybit constantly, I don't know, I think that ETH address is burned or something like that.... If any admin could contact me, that would be great....

But did you send it directly to a ByBit address? That's never recommended; sending an exchange to an address that isn't 100% controlled by you.

This is the right advice. When I exchanged crypto in services like b1exch, I also used Bybit as the final wallet address because it is the most popular exchange in my country. If I remember correctly, I exchanged Bitcoin for Usdt, and I didn't have a personal wallet for Usdt, so I chose the exchange. However, I knew it was not the right approach. Although I didn't encounter any issues, it is better practice to use a personal wallet exclusively.

usdt erc20 to eth

bad aml from wallet who they send this eth i think...

please b1 contact me so fast.

Can you tell me if this problem has been resolved?

[TryNinja]

Most likely, it's due to the extra burden of paying another transaction fee if you route funds through a personal wallet instead of sending them directly to an exchange.

A simple ETH transaction costs less than $0.10, please do not risk your funds just to save a few cents.

Bybit is probably the most annoying exchange to deal with. I had simple Bitcoin transactions from other forum users momentarily frozen and had to send a bitcointalk link to give enough "context" about the source of the coins. And that was for around $4k, not a big amount at all...

[ZAINmalik75]

Well, people will always ask for things that come in their minds, mostly for reserves because of fear. There have been many cases of the platforms that did wrong with their users. However, not everyone will do that and there will always be advocates of privacy who'll offer their services for maximum privacy. B1exch is still new and overtime it'll surely get trust of the community and then hiding addresses and using multiple addresses will be okay for the ones who're privacy enthusiasts. I hope the day will come soon when most privacy lovers will prefer b1exch services over anything else but surely that'll take some time.

It is really not a big problem, you know, if they have an XMR option available for swapping, that means you can get all the privacy you want with multiple trades, even if you don't want the XMR. Good for privacy, but you just have to pay a small extra fee for multiple exchanges, and sacrifices have to be made if you want good results.

Anyway, it is necassary for any exchange to show their proof of reserves without it, no one would beleive them in the first place. No one would use them either.
Although the XMR seems to be disabled right now.

[Ultegra134]

Guilty here as well, lol. Thankfully, I haven't experienced anything like that, that's the lesson. And yeah, that's probably what happened.

Most likely, it's due to the extra burden of paying another transaction fee if you route funds through a personal wallet instead of sending them directly to an exchange.

I'm pretty sure quite a few people have done it already and faced no issues, but it's always a risk. I understand that it might be annoying to pay another transaction fee (b1exch fee, transaction fees 2x and perhaps a deposit fee if it's going to an exchange, it slowly adds up), but it's certainly not worth the risk; the cost for most transactions as we speak (even Bitcoin) are minimal, and when I also used the exchange myself a few weeks ago, I decided it wasn't a good idea to take such a risk.

[PrivacyG]

Look.  I understand that the b1exch questions page says that their funds are completely clean and can be deposited any where.

But this does not mean precaution should not be taken.  My general advice is that when ever you are using ANY 'No Know Your Customer' platform you should bounce the Money through a few Addresses for at least a matter of hours before finally making a Deposit on a Know Your Customer or Anti Money Laundering platform.  This way they have no actual evidence that the Money you deposited was taken directly from a No Know Your Customer platform.  It is not a definitive solution, it may cost a bit but it makes it less likely that they ask you where the Money came from.  Someone correct me if I am wrong here but I used this tactic in the past and I have seen others do it and never did I see someone say it failed them.

But even more important in my opinion than this is to expect that Centralized platforms who have Know Your Customer enabled WILL one day crack down on Money coming from No Know Your Customer platforms, even if that said Money is 'clean'.  Platforms like b1exch will be under attack from multiple sides, one of them obviously being competitors.  See how Binance became pretty much forced to enable Know Your Customer for everyone.  I see this tactic often applied to constrain Exchanges or other platforms into accepting their new fate.

And maybe the most important.  If I were you, I would not mix No Know Your Customer platforms with those that are completely obedient to a particular Government or set of Governments.  It often ends up being a mixture as good as water mixed with oil.  Do not expect that non obedient platforms will be agreed by the obedient.  It is what it is.

If you used the Deposit Address directly in the b1exch Transaction then to be honest I do not get you and it may not be that the Money is not 'clean' but that it does not look like the Transaction of a typical Wallet.  I am now really curious if others have successfully deposited on Bybit from b1exch routing the Bitcoin through their personal Wallet first.