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Opinion on Shapeshift and Changelly

  • 06-04-2019 10:07PM
    #1
    stockshares
    Registered Users, Registered Users 2 Posts: 2,760 ✭✭✭


    Ive seen some Wallets like Coinomi have these integrated.

    Whats the advantage of these over exchanges like Binance.


Comments

  • #2
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    There's no advantage unless you notice liquidity is higher at any certain point and you have a lot to sell.

    They're both being fúcked or their users are being fúcked by KYC the same as most exchanges. Use them or an exchange for the next year or two - proper DEXs will exist then and we can all migrate. Hopefully.


  • #3
    stockshares
    Registered Users, Registered Users 2 Posts: 2,760 ✭✭✭stockshares


    grindle wrote: »
    There's no advantage unless you notice liquidity is higher at any certain point and you have a lot to sell.

    They're both being fúcked or their users are being fúcked by KYC the same as most exchanges. Use them or an exchange for the next year or two - proper DEXs will exist then and we can all migrate. Hopefully.

    Thanks, I was thinking of using them for Instant deposits by Card as Sepa transfers are not much use if you need to deposit over the weekend.

    I then thought of using my Revolut account. I would like to buy Eth, Ltc and Xrp there now.

    I havent bought Xrp before. Will I need to pay 20xrp on top of the cost of the Xrp coins or does that just apply if your using a Xrp wallet.

    I know there are negatives with revolut, like not being able to withdraw to Wallet and 1.5% fees.


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