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Author Topic: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20  (Read 18657 times)
JollyGood
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July 21, 2024, 09:42:33 AM
Last edit: July 21, 2024, 10:40:48 AM by JollyGood
 #661

This high fee is only for XMR swap, all other pairs have significantly lower fees of 0.5%-1%
I think there was a similar discussion earlier, and some explanation is that the XMR swap fee depends on the current supply/demand ratio
That is true and full credit to eXch because they seem to run out of XMR regularly but end up topping the balance to replenish the amount available. They seem to be very popular for XMR swaps and have both supply and demand issues. Sometimes you have to wait for a short while until they top it up but in the end they always do it.

Having said that, when paying up to 5.5% in fees for XMR swaps is not feasible for the customer, he will go elsewhere but will probably continue to use eXch for other swaps.

Here is the message explaining why there is a highest fee for XMR:
Thank you  Smiley

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BlackHatCoiner
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July 21, 2024, 10:01:42 AM
 #662

I understand that the high fee is to protect against volatility, but I'm just stating that, by doing so, you isolate yourself from many potential clients.

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July 21, 2024, 10:54:30 AM
Merited by paid2 (2)
 #663

Customers who value their privacy will likely still swallow the higher fees for XMR swaps on eXch if they need a quick swap when Bisq or other exchanges aren't an option for whatever reasons (time or privacy friendly payment method). As long as you have a suitable choice, you do yours.

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JollyGood
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July 21, 2024, 11:49:05 AM
 #664

It just depends on how much the customer is willing to pay to use any service they seek and the same applies in all walks of life. If what the customer seeks is cheaper elsewhere they have to weigh up the saving/discount with all other benefits or detriments to using that particular service. In the end without a doubt, regular customers will continue to use eXch as an option for swaps they deem to be within their fee range.

Customers who value their privacy will likely still swallow the higher fees for XMR swaps on eXch if they need a quick swap when Bisq or other exchanges aren't an option for whatever reasons (time or privacy friendly payment method). As long as you have a suitable choice, you do yours.

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dcfchi
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July 21, 2024, 06:11:50 PM
 #665

please add arbitrum eth/usdt/usdc/dai

will solve all our fees problem and waiting

this exchange the best regardless ‼️ this my only wish
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July 21, 2024, 06:55:17 PM
Merited by JayJuanGee (1)
 #666

please add arbitrum eth/usdt/usdc/dai

will solve all our fees problem and waiting

this exchange the best regardless ‼️ this my only wish

They are very careful about adding pairs.

They even drop off their plans of adding Solana.

As far as I understand,  they are adding only coins which are already high established and valuable projects,  they do not think only about mining fees.

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July 21, 2024, 07:12:18 PM
Last edit: July 21, 2024, 08:01:36 PM by dcfchi
 #667

please add arbitrum eth/usdt/usdc/dai

will solve all our fees problem and waiting

this exchange the best regardless ‼️ this my only wish

They are very careful about adding pairs.

They even drop off their plans of adding Solana.

As far as I understand,  they are adding only coins which are already high established and valuable projects,  they do not think only about mining fees.

I'm not talking about Solana. ethereum L2s like arbitrum (my favorite obviously lol) are growing very fast and almost all exchanges accept them now. would bring more traffic wouldn't it? bridging from a l2 is now is also extremely cheap
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Today at 12:33:18 AM
 #668

I'm not talking about Solana. ethereum L2s like arbitrum (my favorite obviously lol) are growing very fast and almost all exchanges accept them now. would bring more traffic wouldn't it? bridging from a l2 is now is also extremely cheap

There are literally dozens of Ethereum L2 and, personally, I don't see why arbitrum is better than any other (Base, Linea, polygon, OP, zksync, blast, scroll, etc etc) ...

Some exchanges accepts only USDT on mainchain, like exch.cx and bitstamp, for example.

I agree that it might bring some traffic, but it also adds development and maintenance costs

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nc50lc
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Today at 04:41:18 AM
 #669

I'm not talking about Solana. ethereum L2s like arbitrum (my favorite obviously lol) are growing very fast and almost all exchanges accept them now. would bring more traffic wouldn't it? bridging from a l2 is now is also extremely cheap
There's a recent reply posted by OP regarding their stance on the possibility of adding other networks in page 26.
Refer to it for now. But if you need a direct answer, you may have to wait for OP's next reply.

Here's the quote:
I know that there was a discussion about it earlier, but what is the final statement, will there be or is it planned to integrate other "cheaper" networks than Ethereum and ERC20? I imagine that many would like the possibility of swapping to TRC20.

Most likely not and specially if the purpose of supporting the whole new network is only because of 1 stablecoin (USDT). USDC is quitting Tron by February 2025, DAI is Ethereum only, other stablecoins are either scam or potential scam. Almost every crypto company looks like this https://youtube.com/watch?v=soNnMObpiYM so I think you might understand our lack of motivation to support centralized stablecoins (we support them with risks assumed).

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