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Offline kokojie

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the spread on shapeshift is real
« on: February 23, 2015, 06:43:18 PM »

Shapeshifted quoted me 0.000029 on buying my BTS, and 0.000042 to sell BTS to me. Who would use shapeshift with such spread?

Offline liondani

Re: the spread on shapeshift is real
« Reply #1 on: February 23, 2015, 06:51:08 PM »
I asked them too about the spread and they said it has to do with the market depth and slippage...   I think we need market makers...

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Offline Ander

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Re: the spread on shapeshift is real
« Reply #2 on: February 23, 2015, 07:26:56 PM »
Shapeshifted quoted me 0.000029 on buying my BTS, and 0.000042 to sell BTS to me. Who would use shapeshift with such spread?

Bter is down, so there is no liquidity right now in BTC to BTS or altcoin to BTS conversions. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

julian1

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Re: the spread on shapeshift is real
« Reply #3 on: February 23, 2015, 08:20:03 PM »
There's very little liquidity in the order book on btc38 which is where shapeshift would unwind. it goes from bid of 34 to ask of 47 in about 12 btc.

Offline nomoreheroes7

Re: the spread on shapeshift is real
« Reply #4 on: February 23, 2015, 08:32:13 PM »
Yea, there's basically nowhere to buy BTS with BTC right now...pretty crazy. Nearly 98% of our volume is from CNY.

...How exactly are you supposed to buy BTS if you don't have CNY? The largest BTC market (BTC38) has only 1.25% of the total volume.  ???

Offline mdj

Re: the spread on shapeshift is real
« Reply #5 on: February 23, 2015, 08:57:26 PM »
Yea, there's basically nowhere to buy BTS with BTC right now...pretty crazy. Nearly 98% of our volume is from CNY.

...How exactly are you supposed to buy BTS if you don't have CNY? The largest BTC market (BTC38) has only 1.25% of the total volume.  ???

BTC -> BitBTC (Metaexchange)
BitBTC -> BTS (Bitshares Client)

Offline leon

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Re: the spread on shapeshift is real
« Reply #6 on: February 23, 2015, 09:08:13 PM »
I just bought some bts using shapeshift (just wanted to try it).And must say my first experience was amazing :)
 +5%
So now the only way of buying bts is goigng btc-bitbtc and selling it inside ,am I right? :-\

Offline leon

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Re: the spread on shapeshift is real
« Reply #7 on: February 23, 2015, 09:09:39 PM »
Yea, there's basically nowhere to buy BTS with BTC right now...pretty crazy. Nearly 98% of our volume is from CNY.

...How exactly are you supposed to buy BTS if you don't have CNY? The largest BTC market (BTC38) has only 1.25% of the total volume.  ???

BTC -> BitBTC (Metaexchange)
BitBTC -> BTS (Bitshares Client)
Sorry haven't seen this. Now it's clear  :)

Offline Shentist

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Re: the spread on shapeshift is real
« Reply #8 on: February 23, 2015, 09:12:12 PM »
we need a little bit time :D

we will add really soon BTS--BTC and bitUSD-BTC on www.metaexchange.info and we are trying to provide over the time the best or the smallest spread available.

We are running in the background a couple of tests, you can already see the test transactions on our website. So you will have more alternatives in a couple of days.

Offline mdj

Re: the spread on shapeshift is real
« Reply #9 on: February 23, 2015, 09:17:43 PM »
we need a little bit time :D

we will add really soon BTS--BTC and bitUSD-BTC on www.metaexchange.info and we are trying to provide over the time the best or the smallest spread available.

We are running in the background a couple of tests, you can already see the test transactions on our website. So you will have more alternatives in a couple of days.

Great work! :)

Offline merlin0113

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Re: the spread on shapeshift is real
« Reply #10 on: February 23, 2015, 09:23:22 PM »
Yea, there's basically nowhere to buy BTS with BTC right now...pretty crazy. Nearly 98% of our volume is from CNY.

...How exactly are you supposed to buy BTS if you don't have CNY? The largest BTC market (BTC38) has only 1.25% of the total volume.  ???

On btc38, BTC→CNY, CNY→BTS. This is how you purchase BTS with BTC for now.

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Offline kokojie

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Re: the spread on shapeshift is real
« Reply #11 on: February 24, 2015, 03:47:33 AM »
I just tried out Poloniex today, I feel it's quite nice, the trading engine is smoother than BTER I feel.

Offline BunkerChain Labs

Re: the spread on shapeshift is real
« Reply #12 on: February 24, 2015, 03:59:03 AM »
I just tried out Poloniex today, I feel it's quite nice, the trading engine is smoother than BTER I feel.

Same here.. I figured it was time to setup some alternatives and Poloniex seems pretty decent. BTER I always had a hell of a time logging in with two factor authentication for some reason. Never had trouble with others.
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Offline Riverhead

Re: the spread on shapeshift is real
« Reply #13 on: February 24, 2015, 04:02:06 AM »
Don't forget about Yunbi. BTC->bitUSD. Cryptohedge currently has about 13BTC there on this pair.

https://yunbi.com/markets/bitusdbtc

 

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