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Main => General Discussion => Topic started by: nicejeans on June 01, 2015, 11:28:09 pm

Title: Have btc, and want to move the value into bitshares exchange. best method?
Post by: nicejeans on June 01, 2015, 11:28:09 pm
What's the best method these days? I want to keep as much value as I can. Thanks
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: Xeldal on June 01, 2015, 11:44:01 pm
What's the best method these days? I want to keep as much value as I can. Thanks

Current rates:

Exchanges: Account required
BTER:    .00002710      bter.com    + 1.2% fee
BitTrex:   .00002725      bittrex.com    +.25% fee
Poloniex: .00002726      poloniex.com    +.2 % fee

Bridge Services: No account required
MetaExchange: .00002804     metaexchange.info +.3% fee + slippage + ?% experimental fee (depends on volume)
Blocktrade: .00002837       blocktrades.us    no fee + slippage
Shapeshift:  .00002733     shapeshift.io     no fee & no slippage (must specify amount to get better rate)

They each have different orderbook depth, so depending on how much you intend to trade the rates may vary.

blocktrades.us by far has the most liquidity at the stated price.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: nicejeans on June 02, 2015, 08:11:52 pm
 +5% Thank you so much!
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: Shentist on June 04, 2015, 07:43:03 pm
we just added "limitorders" to https://metaexchange.info/ (https://metaexchange.info/)

so the transferable sizes will increase in the next time. We expect that the spreads will be much lower in the near future.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: bitsharesfan on June 07, 2015, 04:46:41 pm
cool I didn't know about shapeshift  +5%
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: fav on June 07, 2015, 05:18:27 pm
I prefer metaexchange.info or shapeshift.io for BTC > BTS
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: mangou007 on June 08, 2015, 11:08:38 am
Used btc38.... But metaexchange seems like a good answer... :)
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: jamesc on June 16, 2015, 01:38:51 am
https://www.ccedk.com
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: cylonmaker2053 on June 30, 2015, 02:34:16 pm
cool I didn't know about shapeshift  +5%

i'm a huge fan of shapeshift.io and use it as my primary crypto exchange mechanism. it's the way assets should be traded and likely the future of exchanges...little reason to park funds on someone else's platform in the 21st century :)
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: dannotestein on June 30, 2015, 10:24:45 pm
cool I didn't know about shapeshift  +5%

i'm a huge fan of shapeshift.io and use it as my primary crypto exchange mechanism. it's the way assets should be traded and likely the future of exchanges...little reason to park funds on someone else's platform in the 21st century :)
http://blocktrades.us and http://metaexchange.info use similar methods to shapeshift.io, but target the BitShares community more (they're run by Bitshares people, if you will).
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: BunkerChainLabs-DataSecurityNode on June 30, 2015, 10:56:15 pm
cool I didn't know about shapeshift  +5%

i'm a huge fan of shapeshift.io and use it as my primary crypto exchange mechanism. it's the way assets should be traded and likely the future of exchanges...little reason to park funds on someone else's platform in the 21st century :)
http://blocktrades.us and http://metaexchange.info use similar methods to shapeshift.io, but target the BitShares community more (they're run by Bitshares people, if you will).
This.. support these exchanges before shapeshift I would suggest.

I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: dannotestein on July 01, 2015, 04:24:30 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: BunkerChainLabs-DataSecurityNode on July 01, 2015, 04:37:52 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.

Is it the same for bitUSD?

I just sent an email to someone to make a payment of roughly $1100 bitUSD to your site.. will it support it?
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: dannotestein on July 01, 2015, 04:44:14 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.

Is it the same for bitUSD?

I just sent an email to someone to make a payment of roughly $1100 bitUSD to your site.. will it support it?
If they're buying bitUSD with BTC, yes. If they're going BTS<->BitUSD (either way), that will also work. If they're buying BTC, they probably need to wait 40 minutes, as I just recently sent some funds to refill BTC hot wallet.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: wallace on July 01, 2015, 04:47:16 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.

liquidity is not only about this, but also about how fequently the trades is, currenlty the best choice is still btc38 btc->cny->bts. I don't want to see most liquidity provided by 1 exchange, but that's the fact.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: BunkerChainLabs-DataSecurityNode on July 01, 2015, 04:49:05 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.

Is it the same for bitUSD?

I just sent an email to someone to make a payment of roughly $1100 bitUSD to your site.. will it support it?
If they're buying bitUSD with BTC, yes. If they're going BTS<->BitUSD (either way), that will also work. If they're buying BTC, they probably need to wait 40 minutes, as I just recently sent some funds to refill BTC hot wallet.

its BTC to bitUSD.. I recall seeing something like only 2.3 BTC being recommended deposit limit on your site though.. which is why I asked.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: BunkerChainLabs-DataSecurityNode on July 01, 2015, 04:52:00 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.

liquidity is not only about this, but also about how fequently the trades is, currenlty the best choice is still btc38 btc->cny->bts. I don't want to see most liquidity provided by 1 exchange, but that's the fact.

I would 100% agree with you.. IF the other day I had not gone about converting 4 BTC to BTS on btc38 and gone through that process only to come out of it with 1000 BTS less than what blocktrades.us was reporting I would have gotten through their site.. the liquidity was all small.. and it pushed my order to higher and higher prices if I was going to get it processed right away.

In the future I am going to look closer at the market and how much I need to convert before I go through that again and lose 1000 BTS.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: Shentist on July 01, 2015, 05:33:51 am
What's the best method these days? I want to keep as much value as I can. Thanks

Current rates:

Exchanges: Account required
BTER:    .00002710      bter.com    + 1.2% fee
BitTrex:   .00002725      bittrex.com    +.25% fee
Poloniex: .00002726      poloniex.com    +.2 % fee

Bridge Services: No account required
MetaExchange: .00002804     metaexchange.info +.3% fee + slippage + ?% experimental fee (depends on volume)
Blocktrade: .00002837       blocktrades.us    no fee + slippage
Shapeshift:  .00002733     shapeshift.io     no fee & no slippage (must specify amount to get better rate)

They each have different orderbook depth, so depending on how much you intend to trade the rates may vary.

blocktrades.us by far has the most liquidity at the stated price.

what do you mean by "experimental fee"? metaexchange.info has only 0.3 % fee.

why we are showing them? because some markets are run by liquidity provider and not by ourself (USD for example with Riverhead).

on the BTS/BTC pair you find our orderbook to provide a higher liquidity. If you check the "Expert" mode the orderbook will be shown to you. In the past orders higher then availalbe would be
sended back (on the other market still this model), so we changed it, that we can provide more of our liquidity.

Now you can also place "limitorder" function - set a price you want to transfer and your order will wait on our orderbook to get executed.

with "relative" order you can place orders in correlation to our mid-price==100% . so say you would be happy to buy BTS but not more as 101% of the midprice you can place this order and our marketmaker
will change the absolut limit for your order if our midprice get readjusted.

Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: Shentist on July 01, 2015, 05:44:13 am
I have used both seemlessly... for larger  btc orders I have used btc38 converting to cny then to bts for greater liquidity.
http://Blocktrades.us can handle BTS buys as large 50BTC now (larger actually, but it's good to leave some safety margin against simultaneous buyers). I'd guess at this point we offer higher liquidity than btc38.

liquidity is not only about this, but also about how fequently the trades is, currenlty the best choice is still btc38 btc->cny->bts. I don't want to see most liquidity provided by 1 exchange, but that's the fact.

and take in account on http://metaexchange.info and http://blocktrade.us your "money" is only for a couple of seconds or minutes in risk. So if our services get hacked only our money will be lost.

Disclaimer: If you use the "Limitorder" or "Relative" order on metaexchange, this is not true anymore. Then you are at risk as long as your order is on our orderbooks.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: Xeldal on July 01, 2015, 12:36:35 pm

what do you mean by "experimental fee"? metaexchange.info has only 0.3 % fee.

why we are showing them? because some markets are run by liquidity provider and not by ourself (USD for example with Riverhead).

on the BTS/BTC pair you find our orderbook to provide a higher liquidity. If you check the "Expert" mode the orderbook will be shown to you. In the past orders higher then availalbe would be
sended back (on the other market still this model), so we changed it, that we can provide more of our liquidity.

Now you can also place "limitorder" function - set a price you want to transfer and your order will wait on our orderbook to get executed.

with "relative" order you can place orders in correlation to our mid-price==100% . so say you would be happy to buy BTS but not more as 101% of the midprice you can place this order and our marketmaker
will change the absolut limit for your order if our midprice get readjusted.

The post you're quoting was made before your expert and relative orders were made available.  I detailed my experience with the BTS:BTC market on your main diary thread, showing how there were hidden fees, how the advertised price was not at all what you should expect to get.  The response I was given was that this market was testing new functions on how order pricing was handled.  That is why I i say "experimental" .    I will change the post, as I believe these issues have been corrected.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: monsterer on July 01, 2015, 01:37:03 pm
The post you're quoting was made before your expert and relative orders were made available.  I detailed my experience with the BTS:BTC market on your main diary thread, showing how there were hidden fees, how the advertised price was not at all what you should expect to get.  The response I was given was that this market was testing new functions on how order pricing was handled.  That is why I i say "experimental" .    I will change the post, as I believe these issues have been corrected.

No problem - this is entirely accurate. All such issues should now be resolved :)
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: dannotestein on July 01, 2015, 01:54:21 pm
and take in account on http://metaexchange.info and http://blocktrade.us your "money" is only for a couple of seconds or minutes in risk. So if our services get hacked only our money will be lost.
This is really the most critical "savings", IMO. In the past two years alone, I've lost significant funds (BTC in each case) on the original PTS exchange, BTER (well, I have some virtual BTC that I can't trade or withdraw, so it feels pretty "lost" to me), and BitStamp (think this finally got paid back, IIRC). It seems like every traditional exchange that holds user funds gets hacked eventually. These losses far out weighed the fees charged by any exchange. It's just fortunate I never lost any on MtGox, but that's probably only because it had a "bad rep" in the crypto space by then.
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: Riverhead on July 01, 2015, 02:41:25 pm

Great thread with some great info. I'm in the same boat as dannotestein with regards to losing BTC on BTER. The Metaexchange bitUSD/Silver/Gold <-> BTC depth is growing but slowly. Once BTER releases my BTC (about 27  :'( ) I'll be able to add more depth.

While both Metaexchange and Blocktrade work similarly to ShapeShift the big difference is we use the BitShares DEX to balance funds whereas ShapeShift I believe relies on just-in-time trades via Yunbi and perhaps others.

I have a bot that automatically maintains the balances. Currently I have liquidity allocated 80% bitUSD, 10% bitSilver, and 10% bitGold. When the BTC balance exceeds the total sum of the value of the assets by a certain amount the bot sends the extra BTC to Metaexchange for BTS and then places buy orders on the Bitshares DEX using the 80/10/10 allocation. The buy orders are placed at the feed price to support the peg and also for speed. My profit should come from the spread not market speculation.

So in theory it's 100% automated and all using our own products :) .
Title: Re: Have btc, and want to move the value into bitshares exchange. best method?
Post by: cylonmaker2053 on July 03, 2015, 07:57:15 pm
cool I didn't know about shapeshift  +5%

i'm a huge fan of shapeshift.io and use it as my primary crypto exchange mechanism. it's the way assets should be traded and likely the future of exchanges...little reason to park funds on someone else's platform in the 21st century :)
http://blocktrades.us and http://metaexchange.info use similar methods to shapeshift.io, but target the BitShares community more (they're run by Bitshares people, if you will).

awesome, thank you! i just tried out Blocktrades and you're right...much more BTS centric. the max trade amounts are higher than Shapeshift.io. i'll def be using in future. love exchanges like this...definitely the way of the future as far as asset exchanges go. i don't see any reason to stick with centralized exchange models where you have to park funds and give up all your identifying info. now that this tech is out of the bag it can easily migrate to Tor or any political jurisdiction that doesn't try repressing it. Viva la libertad!