Evercoin: A cryptocurrency exchange platform

Post by tryingagainbro » Mon, Aug 14, 2017, 9:52 PM UTC

uncletammy wrote: post #8

Oh, so it's like https://shapeshift.io/ except subject to the arbitrary and Orwellian US financial regulations! All jokes aside, I'm not knocking Evercoin. It looks beautiful and I welcome anyone and everyone who wants to bring liquidity to crypto markets. I'm just concerned about the sustainability of any platform based in the US. Maybe Evercoin knows something I don't though. I feel like the smartest thing we can d…

Post by clemens2000 » Mon, Aug 14, 2017, 10:37 PM UTC

xur17 wrote: post #36

gst wrote: post #35

Earlier quoted context omitted.

I just tried placing an order and Evercoin's fees appear to be significantly lower. Shapeshift: 1 BTC -> 14.20477011 ETH Evercoin: 1 BTC -> 14.25967407 ETH Changelly: 1 BTC -> 14.35434362 ETH While Changelly appears to have the best rate they don't guarantee the rate. In my experience the actual rate is often much worse than the estimated rate (and unfortunately it's too late to cancel once you see the rate).

I was originally testing BCC to BTC, so it looks like it depends upon what you are exchanging: Shapeshift: 1 BCC -> 0.06773499 BTC Evercoin: 1 BCC -> 0.06682701 BTC

Post by jpatokal » Mon, Aug 14, 2017, 11:00 PM UTC

amingilani wrote: post #18

tyrust wrote: post #11

As others have noted, this is a clone of https://shapeshift.io/ . Clones are fine: it's possible that evercoin does something different/better than shapeshift. What is not fine is the apparent lack of transparency in fees [0]. evercoin says that they charge both exchange and miner fees but do not specify either; just because they include the fees in the final price does not mean they do not exist. Compare this to sha…

It doesn't matter. At the end of the day, all you care about is the exchange rate (e) for the number of tokens you send (x) and the number of tokens you get (y). i.e (x/y = e) The way the exchange determines this rate is entirely upto them. If it's too high, go somewhere else.. but no exchange is required to disclose how they derived their rate. Just because one did, doesn't mean it's any better than the other. If th…

Post by vit05 » Mon, Aug 14, 2017, 11:09 PM UTC

Post by ringaroundthetx » Tue, Aug 15, 2017, 12:00 AM UTC

JumpCrisscross wrote: post #48

ringaroundthetx wrote: post #41

Earlier quoted context omitted.

> Assuming federal laws don't apply because you sprinkled some magic around you is a pretty awful way to end up in jail. AML/KYC apply to institutions that apply for Money Service Business licenses, MSBs for short. This is promulgated by FinCEN agency of the US Treasury department. FinCEN has comprehensive definitions of what kind of digital currency use is subject to MSB registration. It is easy for digital currency…

> AML/KYC apply to institutions that apply for Money Service Business licenses MSBs have KYC requirements. It does not follow that non-MSBs have no KYC requirements. FINRA-member firms, for example, are not MSBs and have strict KYC rules [1]. FinCEN has nowhere said that non-MSBs are exempt from KYC. Nobody can competently say that. All American businesses are subject to the minimum threshold of KYC responsibility in…