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Main => 中文 (Chinese) => Topic started by: clayop on April 25, 2015, 06:01:59 am

Title: Questions about Transwiser
Post by: clayop on April 25, 2015, 06:01:59 am

I have some questions about their service

1. Is BotsCNY IOU? Who backs BotsCNY?
2. Does BotsCNY -> CNY conversion have upper limits?
3. As far as I know, I can buy BotsCNY in btsbots.com. How is the price of BotsCNY determined?
4. How long does it take to convert BotsCNY->CNY?

Title: Re: Questions about Transwiser
Post by: yuxuan on April 25, 2015, 06:05:23 am

juxie  can give you a good idea

Title: Re: Questions about Transwiser
Post by: btswildpig on April 25, 2015, 06:28:48 am

Quote from: clayop on April 25, 2015, 06:01:59 am

I have some questions about their service

1. Is BotsCNY IOU? Who backs BotsCNY?
2. Does BotsCNY -> CNY conversion have upper limits?
3. As far as I know, I can buy BotsCNY in btsbots.com. How is the price of BotsCNY determined?
4. How long does it take to convert BotsCNY->CNY?

1. BotsCNY is IOU , backed by ALT's BTSBOTS .
2. yes , go to btsbots.com to check .
3. BotsCNY work with transwiser.com , Alt programmed for transwiser.com
4. really quick , through alipay .

Title: Re: Questions about Transwiser
Post by: clayop on April 25, 2015, 06:46:04 am

Thanks wildpig

I meant BotsCNY -> CNY conversion in Transwise has a upper limit.
Plus, if I ask alt to sell more BOTSCNY in BTC (on btsbots.com), can he do that?

Title: Re: Questions about Transwiser
Post by: btswildpig on April 25, 2015, 02:33:21 pm

Quote from: clayop on April 25, 2015, 06:46:04 am

Thanks wildpig

I meant BotsCNY -> CNY conversion in Transwise has a upper limit.
Plus, if I ask alt to sell more BOTSCNY in BTC (on btsbots.com), can he do that?

2、no upper limit on BotsCNY -> CNY


You want to buy more BOTSCNY with BTC on btsbots.com ?
Alt said there is risk on fluctuation of BTC price ... he is only comfortable to hold lower than 1600USD worth of BTC at this point ..
How much are you looking for ?

Title: Re: Questions about Transwiser
Post by: clayop on April 25, 2015, 05:50:33 pm

Quote from: btswildpig on April 25, 2015, 02:33:21 pm

Quote from: clayop on April 25, 2015, 06:46:04 am

Thanks wildpig

I meant BotsCNY -> CNY conversion in Transwise has a upper limit.
Plus, if I ask alt to sell more BOTSCNY in BTC (on btsbots.com), can he do that?

2、no upper limit on BotsCNY -> CNY


You want to buy more BOTSCNY with BTC on btsbots.com ?
Alt said there is risk on fluctuation of BTC price ... he is only comfortable to hold lower than 1600USD worth of BTC at this point ..
How much are you looking for ?

Not yet determined. It depends on the size of remittance service (and my budget constraints). But I have to find a way of getting BOTSCNY as cheapest as I can.

Title: Re: Questions about Transwiser
Post by: btswildpig on April 25, 2015, 06:27:56 pm

Quote from: clayop on April 25, 2015, 05:50:33 pm

Quote from: btswildpig on April 25, 2015, 02:33:21 pm

Quote from: clayop on April 25, 2015, 06:46:04 am

Thanks wildpig

I meant BotsCNY -> CNY conversion in Transwise has a upper limit.
Plus, if I ask alt to sell more BOTSCNY in BTC (on btsbots.com), can he do that?

2、no upper limit on BotsCNY -> CNY


You want to buy more BOTSCNY with BTC on btsbots.com ?
Alt said there is risk on fluctuation of BTC price ... he is only comfortable to hold lower than 1600USD worth of BTC at this point ..
How much are you looking for ?

Not yet determined. It depends on the size of remittance service (and my budget constraints). But I have to find a way of getting BOTSCNY as cheapest as I can.

transwiser.com is planing on running a Ripple Gateway's BitStamp-USD or snapswap.us-USD with BitUSD (BitCNY) .
If you can access ripple gateway in your country , it'll be the cheapest option , I guess ...

Title: Re: Questions about Transwiser
Post by: clayop on April 25, 2015, 08:16:35 pm

Thanks :)