eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20

[LoyceV]

When I watched it sometimes, eXch was always the biggest.

I don't really get your beef with eXch. Monero is a special case: more and more centralized exchanges delisted it, which makes me think the price is more based on actual usage than speculation. And that's a good thing, as there is no point in keeping a privacy coin on a centralized KYC exchange. That does mean it won't go up 100x any time soon, but the price (in dollars) is (a bit) stable.
I also think the price would go up if there were more trusted non-KYC exchanges trading Monero. I say this because despite a 5% fee on buying, XMR on eXch is often sold out, while eXch bases the price on other exchanges. If the price would be higher, supply and demand would be more balanced.

[NicolasVanScorpion]

I don't really get your beef with eXch.

They drive customers away and make fun of them. I'll sum it up like this:

"We have long been the largest XMR exchange on the market (or one of the largest) - by trading volumes. However, we have Monero in stock exceptionally. Wait a day or more and we might have some coins. Sorry. However, we have millions of dollars in stock of other coins."

"We are proud of our past when we determined the price of XMR by exchanges where real coins could not be withdrawn for years and the price there was different than everywhere else."

"Although we are big enough to dictate our terms, we prefer to be empty."

To praise them, they don't sell what they don't have in stock (like some others).

I say this because despite a 5% fee on buying, XMR on eXch is often sold out, while eXch bases the price on other exchanges. If the price would be higher, supply and demand would be more balanced.

But maybe everything is different. If they accept dirty public coins for Monero. Then the 5% fee is really ridiculously small, because it is usually 20% or more. Then suddenly everything is understandable. If that's the case, long may this business last until someone starts harassing them officially.

[d5000]

Currently there are again some XMR to grab

Seriously, from my experience availability is "intermittent", i.e. normally if you try again after some hours often there are some available. And as they're working with their own reserves without purchasing liquidity, the relative shortage can be expected due to relatively few exchanges offering XMR.

XMR shortage may also be caused by the recent Kraken delisting in some European countries. Such delistings can lead to price drops of the XMR/USD price due to selling on the exchanges where the coin is delisted (because some users who have bought XMR for speculation usually don't want to bother with self-hosted wallets) without really having effect on the rest of the supply/demand equilibrium. This means that after such price drops the demand on other exchanges can drastically increase. It was extreme after the Binance delisting, but on a smaller scale, this was possibly what happened after the Kraken delisting too.

[JollyGood]

They drive customers away and make fun of them. I'll sum it up like this: ~snip~

It seems you have ulterior motives for expressing your unhappiness with eXch. Can you explain why?

But maybe everything is different. If they accept dirty public coins for Monero. Then the 5% fee is really ridiculously small, because it is usually 20% or more. Then suddenly everything is understandable. If that's the case, long may this business last until someone starts harassing them officially. But then they have low fees compared to others.

In any business model, if there is a consensus then it will have an effect. If people using eXch decide they do not want to use it for XMR because of the 5% fee then they are free to go elsewhere. As a result, it is the prerogative of the eXch team if they decided to lower the fee or not.

Can you be honest and explain exactly why you are posting in a negative manner about eXch? They have no scam allegations against them and are highly respected but you have nothing positive to say about them.

[NotATether]

Seriously, from my experience availability is "intermittent", i.e. normally if you try again after some hours often there are some available. And as they're working with their own reserves without purchasing liquidity, the relative shortage can be expected due to relatively few exchanges offering XMR.

Everyone in that community is buying as much XMR as they can, so it wouldn't surprise me if even other platforms have a liquidity shortage.

[LoyceV]

it wouldn't surprise me if even other platforms have a liquidity shortage.

That's why I wrote this:

It would be very interesting to see how XMR prices would develop if there would be a non-KYC exchange for it.

If there's an order book, the price will increase instead of causing a shortage.

[examplens]

..

Can you be honest and explain exactly why you are posting in a negative manner about eXch? They have no scam allegations against them and highly respected but you have nothing positive to say about them.

It was explained to him several times and in several ways how the swap on the eXch exchange works and the dependence on demand and supply, but somehow he refuses to understand. I don't think that he doesn't have the capacity to understand everything that was presented, I'd rather say that it's just plain trolling

[NicolasVanScorpion]

If there's an order book, the price will increase instead of causing a shortage.

They prefer to be empty. They prefer to keep millions of dollars in other currencies for which demand is weaker (according to them). Funny.

[LoyceV]

They prefer to be empty. They prefer to keep millions of dollars in other currencies for which demand is weaker (according to them). Funny.

You don't seem to get eXch doesn't choose which trade their customers make. The customers do.

[Cricktor]

You sound like a broken record, not even worth quoting.

Well, don't feed the trolls, fellas!

Oh wait... what's this Ignore link? Oh... inner peace... inner peace... inner peace...!

[eXch]

It seems like some of our competitors are really angry and frustrated to the point of being unable to do anything useful for their own business but going here under new accounts and talk random nonsense about eXch...
Our customer base grows daily while theirs decrease due to their AML/KYC scam business model that people don't want to buy anymore in the light of having better alternatives.
Just look what have we done here by ruining long-term plans of some projects that assumed bitcoiners are obedient sheep...
Not even to mention that this guy is not of the most annoying species.
There are whole teams of angry mob on Twitter spreading negativity about us all around, but in fact the more baseless negativity they write about us, the more ridiculous they look :-)  

[joker_josue]

There are whole teams of angry mob on Twitter spreading negativity about us all around, but in fact the more baseless negativity they write about us, the more ridiculous they look :-)  

Congratulations on the success of your business. It really is the most consistent thing I've seen of its kind.

Maybe soon I'll apply to become an affiliate... I have to study that.

[NicolasVanScorpion]

You don't seem to get eXch doesn't choose which trade their customers make. The customers do.

As the largest XMR exchange in the world (according to them), it has many options. But they decided themselves to be empty or semi-empty for a long time. Zero or ridiculous coin supply. They decided they would rather have millions dollars in coins that could be bought anywhere else in the world. It's all weird.  Really strange for a business approach.

If I have to make an order, I prefer to use a normal CEX, for example TradeOgre or another. I don't have to go to an instant exchange.

I'm just an ordinary customer who wants to buy Monero instantly. Nobody pays me.

[examplens]

As the largest XMR exchange in the world (according to them), it has many options. But they decided themselves to be empty or semi-empty for a long time. Zero or ridiculous coin supply. They decided they would rather have millions dollars in coins that could be bought anywhere else in the world. It's all weird.  Really strange for a business approach.

Ever since you started this drama, I've checked the XMR balance on eXch almost every time and there were always coins available in balance. For example, the XMR reserve right now is 971.032603476026

If I have to make an order, I prefer to use a normal CEX, for example TradeOgre or another. I don't have to go to an instant exchange.

This is a typical shill post for some obscure service. I looked a bit at the XMR offer on tradeogre, there is in total less than 300XMR in all open orders, which only supports the claim that you are trolling against eXch.

USDT/XMR


BTC/XMR



There is also a huge disproportion between supply and demand, exactly what you persistently claim is the defect of eXch.

[eXch Support]

snip

Feel free to use any other exchange you like, as long as you stop polluting our thread with nonsense.

[examplens]

snip

Feel free to use any other exchange you like, as long as you stop polluting our thread with nonsense.

I wouldn't be surprised if he actually buys XMR on eXch and sells on other exchanges like the one he mentioned. He does some kind of arbitrage trading. That would explain why he has a problem if he doesn't always and immediately have XMR available to buy.

[dkbit98]

You present yourself as one of the biggest XMR exchanges in the world, but always with an empty wallet. That's a joke.

You better to delist XMR like everyone else than to publicly ridicule yourself like this.

I think you seriously need to check your head asap.
I am not eXch exchange,  and I am not presenting anything, so don't refer to me as such.

I don't really get your beef with eXch.

Mental case or a competition troll, but eXch team should thank him for bumping topic for free until his rant turns into spamming.
Anyway, I think it's time for another good use of Ignore button.

Ever since you started this drama, I've checked the XMR balance on eXch almost every time and there were always coins available in balance. For example, the XMR reserve right now is 971.032603476026

It literally takes few minutes for anyone to exchange BTC-XMR on eXch and prove they have coins available.
I just tested it now, and 1564 XMR is available at the moment.

[paid2]

Friends, the last (#20!) eXch free raffle is now started!
Join us and try to win a nice custom eXch Cryptosteel Capsule!

Members with at least 500 earned merits can take two slots!

[FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#20)!

[GazetaBitcoin]

Friends, the last (#20!) eXch free raffle is now started!

Aaaaand we reached the last one... Or, maybe some good news will come and tell us that it's not the last raffle though? Let's pray that eXch will extend the series of the capsules...

And once again, the twentieth raffle was announced inside the Romanian translation of OP and also inside the Romanian thread dedicated to contests!

Good luck everyone and many thanks eXch for these 20 gifts! Thank you paid2 for the flawless organization of the raffles!

[Lucius]

It seems like some of our competitors are really angry and frustrated to the point of being unable to do anything useful for their own business but going here under new accounts and talk random nonsense about eXch...
~snip~

It's not pleasant to see such things, but I think that people who want to see the truth can easily recognize when someone without facts is telling lies. Someone who says one thing for days, and everyone else shows him that it's simply not true, obviously has bad intentions or serious vision problems.