[MetaExchange] dev-metaexchange.monsterer development diary

[Shentist]

Don't look to the first rate if you sell bts worth 1 btc you pay in metaexchange 27530 and in poloniex 27660 so we are also better . but to be clear . you don't need to set up a account with us . we are Holding your funds a couple oft seconds and our sole purpose is to get other Crypto easier into bitshares or assets on the bitshares blockchain .

So for me the answer is clear which service you want to use .

[monsterer]

I am saying the other way - convert bts to btc.

Our spread is currently fixed at 3% - the bid/ask will move around depending on our own internal inventory.

[cube]

Cool - we just got listed on coinmarketcap.com

http://coinmarketcap.com/currencies/bitshares-x/#markets

Just need some more volume, now!

The spread is much higher than centralised exchange when bts=>btc, even after taking into account of the fee. Why is that?

We are not . As an example . if you buy on poloniex 1 btc you get righ now 25975 bts minus fees . on metaexchange you get 26530 bts minus fee .

I am saying the other way - convert bts to btc.

[Shentist]

Cool - we just got listed on coinmarketcap.com

http://coinmarketcap.com/currencies/bitshares-x/#markets

Just need some more volume, now!

The spread is much higher than centralised exchange when bts=>btc, even after taking into account of the fee. Why is that?

We are not . As an example . if you buy on poloniex 1 btc you get righ now 25975 bts minus fees . on metaexchange you get 26530 bts minus fee .

[cube]

Cool - we just got listed on coinmarketcap.com

http://coinmarketcap.com/currencies/bitshares-x/#markets

Just need some more volume, now!

The spread is much higher than centralised exchange when bts=>btc, even after taking into account of the fee. Why is that?

[monsterer]

Cool - we just got listed on coinmarketcap.com

http://coinmarketcap.com/currencies/bitshares-x/#markets

Just need some more volume, now!

[cass]

That's possible, but I'd prefer a gateway where I don't have to do any trading. Just send BTS, receive fiat.

yes but IMO you won't be able to achieve this,  unless you're using an exchange or company with money transmitter licenses, if you want to get
directly from BTS to EUR et vice versa... Is this how you want to deal with? Like bitcoin.de for bitshares?

[pc]

That's possible, but I'd prefer a gateway where I don't have to do any trading. Just send BTS, receive fiat.

[monsterer]

Yes - do you know a gateway where that's possible?

BTS->BTC->EUR is possible. The shapeshift.io API allows requesting an email receipt (for BTS->BTC), and several BTC->EUR gateways exist.

Can you not use https://www.ccedk.com/ to withdraw to fiat?

[pc]

BTS > EUR/USD etc would be much better then conversion to BTC IMO ..

Yes - do you know a gateway where that's possible?

BTS->BTC->EUR is possible. The shapeshift.io API allows requesting an email receipt (for BTS->BTC), and several BTC->EUR gateways exist.

[cass]

Can you provide a receipt for each transaction, preferrably with your company name and address on it?

(I'm looking for a way to transform my future delegate income into fiat without my tax advisor killing me. A receipt for BTS->BTC conversions would be extremely helpful.)

maybe in the future, but not in right now!

BTS > EUR/USD etc would be much better then conversion to BTC IMO ..

[monsterer]

Update:

If you are using a multi-sig bitcoin wallet, could you hold off on buying from metaexchange at the moment - we have a bug which fails to refund a transaction (should a refund be needed - over max size for instance) because it is unable to compute the sender's address. I'm working on a fix

[Shentist]

Can you provide a receipt for each transaction, preferrably with your company name and address on it?

(I'm looking for a way to transform my future delegate income into fiat without my tax advisor killing me. A receipt for BTS->BTC conversions would be extremely helpful.)

maybe in the future, but not in right now!

[Xeldal]

It looks like the miner fee was not included in tx and my BTC from MetaExchange hasn't been included in a block yet. 

Its been almost 2 days now.

tx: https://blockchain.info/tx/6eb6636ca1f52bc2e251f8a9e1fdf686493c697a4fe56b348d85224de2c9bdcf

God, sorry about this - do you have the correct TXID, that one shows 28 confirms?

LOL  ... oh dear.  I failed to check it before posing.  Looks like the issue is with Poloniex.   I had no way of knowing the txID as I sent it to an exchange.  that's the link Poloniex sent me.     It did take 24hr at least to confirm though.. : D   Thanks.

[pc]

Can you provide a receipt for each transaction, preferrably with your company name and address on it?

(I'm looking for a way to transform my future delegate income into fiat without my tax advisor killing me. A receipt for BTS->BTC conversions would be extremely helpful.)