LoyceV
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February 02, 2024, 08:53:24 AM |
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I wonder why recently some pairs BTC-XMR for example charge 5% fees on eXch when just few months ago it was 0.5% fee ? Probably because of this: Reserves XMR 0 BTC 88.43136183 The liquidity comes from users, and more people are buying than selling XMR. Maybe the fee trading in the opposite direction can be lowered to encourage adding liquidity.
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BubbleBTC
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February 02, 2024, 09:22:49 AM |
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I understand i just hope this 5% fee will not apply to all the pairs in the future, and it is indeed for re-balancing the liquidity.
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dkbit98
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February 02, 2024, 05:41:36 PM |
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Has anyone tried LN swaps on exch?
No, but I was thinking of testing small amount to see how it works with my Aqua wallet. I would send any supported coin and receive liquid network L-BTC in my wallet but over lightning invoice. I wonder why recently some pairs BTC-XMR for example charge 5% fees on eXch when just few months ago it was 0.5% fee ?
I would love to see exchange with better rates, but maybe you could try with Bisq exchange. There are rumors about more BTC-XMR decentralized exchanges coming soon. The liquidity comes from users, and more people are buying than selling XMR. Maybe the fee trading in the opposite direction can be lowered to encourage adding liquidity.
This is the case even on big centralized exchanges, that is why they often don't allow people to withdraw xmr...they claim because of some maintenance, but they just don't have enough coins.
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apogio
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February 02, 2024, 07:11:53 PM |
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No, but I was thinking of testing small amount to see how it works with my Aqua wallet. I would send any supported coin and receive liquid network L-BTC in my wallet but over lightning invoice.
Alright, feel free to share the experience. Btw, you gave me some homework right now. I think I test this Aqua wallet. I have never heard of it. I would love to see exchange with better rates, but maybe you could try with Bisq exchange. There are rumors about more BTC-XMR decentralized exchanges coming soon.
Personally I haven't found much better rates using Bisq, unless I wanted to wait for a week or so. But normally I pay something like 4-5% on each trade with Bisq. Rumors ? Hmmm... I am curious to know about these rumors.
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LoyceV
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I wonder why recently some pairs BTC-XMR for example charge 5% fees on eXch when just few months ago it was 0.5% fee ? Probably because of this: Reserves XMR 0 BTC 88.43136183 That changed quickly: Reserves XMR 12339.699295434601 BTC 12.95379134 The 5% fee is back to 0.5 or 1% again. Probably because Binance delisting Monero. Monero dropped 17% now. Imagine that, people dumping their privacy coin because they can no longer trade it on a KYC exchange....
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BlackHatCoiner
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February 06, 2024, 12:27:50 PM |
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The 5% fee is back to 0.5 or 1% again. Probably because Binance delisting Monero. Monero dropped 17% now. Imagine that, people dumping their privacy coin because they can no longer trade it on a KYC exchange.... That's an action of some real cypherpunks right there.
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apogio
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February 06, 2024, 12:28:36 PM |
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The 5% fee is back to 0.5 or 1% again. Probably because Binance delisting Monero. Monero dropped 17% now. Imagine that, people dumping their privacy coin because they can no longer trade it on a KYC exchange.... Haha exciting. Gonna do some exchanges for sure. By the way, is there any kyc exchange that still list XMR? I think kraken does. But anyway. I am still surprised how easy people forget their whole investment thesis because of a minor change in the environment.
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LoyceV
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February 06, 2024, 12:32:19 PM |
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is there any kyc exchange that still list XMR? I think kraken does. Correct. Today's -18% means nothing compared on the 5 year price graph.
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apogio
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February 06, 2024, 04:10:20 PM |
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I think XMR price is astonishingly attractive at the moment! I still can't get my head around this drop. In fact this drop is not justified at all. Like Loyce said, it's surprising that people quit privacy coins because they can't buy them without maintaining their privacy.
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paid2
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February 06, 2024, 04:33:22 PM |
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I think XMR price is astonishingly attractive at the moment! I still can't get my head around this drop. In fact this drop is not justified at all. Like Loyce said, it's surprising that people quit privacy coins because they can't buy them without maintaining their privacy.
Lol yeah, I always find funny people who are trading XMR on Binance. They simply does not care about the qualities/goals of XMR, and probably bought it because of some temporarly hype on X or any other social media, But this is great news, no more shitty Binance related things for this community. Thus, no more Moneruns needed anymore (for now). The less "paper XMR" they sell, the better it will be for people.
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examplens
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February 06, 2024, 04:57:07 PM |
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Lol yeah, I always find funny people who are trading XMR on Binance. They simply does not care about the qualities/goals of XMR, and probably bought it because of some temporarly hype on X or any other social media,
For day traders, it doesn't matter which asset it is. If the XMR graph shows potential, they will trade it, regardless of the features they offer. Isn't it more fun to watch trading meme coins that have almost no clear parameters based on which the price will fluctuate?
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DaveF
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February 06, 2024, 05:29:29 PM |
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The 5% fee is back to 0.5 or 1% again. Probably because Binance delisting Monero. Monero dropped 17% now. Imagine that, people dumping their privacy coin because they can no longer trade it on a KYC exchange.... That's an action of some real cypherpunks right there. Probably also a lot of people that keep their coins on exchanges for trading that have no way of moving it to their own wallet since they don't have one.... The just sell it and get out attitude. More for us at better prices.... -Dave
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paid2
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February 06, 2024, 05:33:33 PM |
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The 5% fee is back to 0.5 or 1% again. Probably because Binance delisting Monero. Monero dropped 17% now. Imagine that, people dumping their privacy coin because they can no longer trade it on a KYC exchange.... Fees are back to normal but we can't have XMR for now: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F02%2F06%2FvzG9j.png&t=665&c=nUw0LPwB-_o28w)
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dkbit98
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February 06, 2024, 05:48:11 PM |
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Personally I haven't found much better rates using Bisq, unless I wanted to wait for a week or so. But normally I pay something like 4-5% on each trade with Bisq.
You can use orangefren to find better rates, but that could also mean other unwanted side effects ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) The 5% fee is back to 0.5 or 1% again. Probably because Binance delisting Monero. Monero dropped 17% now. Imagine that, people dumping their privacy coin because they can no longer trade it on a KYC exchange.... I was checking out the same thing after I heard the news about delisting, and monero is now down over 30% thanks to binance ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) This is probably a very good chance for every trader to earn good profit with BTC - XMR trading pairs in both directions, but watch about everyone, rates are going crazy. Trading volume on eXch is going crazy right now ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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LoyceV
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February 06, 2024, 06:33:35 PM Last edit: February 06, 2024, 06:58:17 PM by LoyceV |
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Fees are back to normal but we can't have XMR for now: Interesting. It looks like XMR first got dumped, and then bought back cheaper at eXch. Since the price is based on other exchanges, that might be open to manipulation. Update: It's not just that trading pair, I checked a few other pairs and directions, and it looks like all XMR trading was halted.
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bitmover
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February 06, 2024, 06:44:28 PM |
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Fees are back to normal but we can't have XMR for now: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F02%2F06%2FvzG9j.png&t=665&c=nUw0LPwB-_o28w) Back to the "new normal". 23 sat vB is still pretty high imo. I always transferred with less than 10 sat vB, usually even below 5. Just needed some patience..
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apogio
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February 06, 2024, 06:49:00 PM Last edit: February 06, 2024, 08:30:18 PM by apogio |
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Lol yeah, I always find funny people who are trading XMR on Binance. They simply does not care about the qualities/goals of XMR, and probably bought it because of some temporarly hype on X or any other social media,
But this is great news, no more shitty Binance related things for this community. Thus, no more Moneruns needed anymore (for now). The less "paper XMR" they sell, the better it will be for people.
For me XMR is a tool and nothing more than that. It serves its purpose perfectly. And its purpose is to be used for anonymous payments. Luckily I have found some sellers that accept XMR especially in the collectables sector, so I have actually used XMR to buy stuff. And I really like it. So as long as I can have more of this tool, I feel good about it. However, there is a catch. Payments must be in XMR and not in USD (but paid in XMR). Because 1 XMR is 1 XMR but if the price is converted from USD to XMR then the seller will want the same price as before the dump, but you will need to pay higher amounts in XMR. Back to the "new normal". 23 sat vB is still pretty high imo.
I always transferred with less than 10 sat vB, usually even below 5. Just needed some patience..
I am sure that paid2 was refering to the XMR-BTC trading fee which diminished from 5% to 1% EDITWhat the hell is that: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F02%2F06%2FvzpBq.png&t=665&c=8U5jE0W47-zCqQ)
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LoyceV
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February 07, 2024, 08:25:29 AM |
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What the hell is that: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F02%2F06%2FvzpBq.png&t=665&c=8U5jE0W47-zCqQ) I guess it's to protect the exchange against speculation. If I'm not mistaken, the total balance on eXch dropped quite a lot yesterday. The fees dropped to 10%/9% already. Exchanging the other way is 5%/5.5%, and surprisingly the Dynamic rate is the highest for this trade.
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apogio
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February 07, 2024, 08:32:36 AM |
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I guess it's to protect the exchange against speculation. If I'm not mistaken, the total balance on eXch dropped quite a lot yesterday. The fees dropped to 10%/9% already. Exchanging the other way is 5%/5.5%, and surprisingly the Dynamic rate is the highest for this trade.
It worked to be honest. The high fees made me rethink and I didn't proceed personally. I have found some good options in BISQ with very low fees. There are options definitely. I think Exch uses good automation tools to avoid issues. So, to this extent, well done to the Devs.
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dkbit98
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Luckily I have found some sellers that accept XMR especially in the collectables sector, so I have actually used XMR to buy stuff. There are more and more websites and services that accept both bitcoin and monero payments. I know one website from Europe called shopinbit.com that is even giving 3% discount for all BTC and XMR payments, and they even have topic created here last year I think. What the hell is that
Fees are changing all the time, but now they are back around 5% Even on decentralized exchanges and atomic swaps we can see something similar with different rates. I think that centralized exchanges are creating fake value for most coins, and they don't have all coins like they claim. But I found few interesting posts today regarding recent events related with this, and they will explain better what is happening with eXch rates: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F02%2F07%2Fv3GBw.jpeg&t=665&c=pE9aSy0JBbOddw) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F02%2F07%2Fv3mX9.jpeg&t=665&c=BDZN067AjD6p6Q) Binance is going to continue xmr perpetual contracts, so expect manipulation from CZ and CMC to continue. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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