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RE: Use Blocktrades for your Transactions! (As easy as 1-2-3)

in #philippines • 7 years ago (edited)

I also lost some money due to this Poloniex fail. Hope they resolve it.

But to move forward, I just tested Blocktrades and I got a very bad conversion for the SBD I exchanged. On Coinmarketcap the price was 6,8$ when I transferred but Blocktrades gave me 6$. Did I do something wrong?

On Poloniex I lost nearly nothing in the conversion back when it was working ;-)

7 years ago in #philippines by
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     7 years ago  

    You did just right. If you have noticed in your transaction, there has a message for you regarding the fees. It usually is higher than any other market. But the good thing about Blocktrades is that it decreases its fee depending on how much sbd you transacted using blocktrades. Mine was 2.5 something when i started using blocktrades. Now after 5 transactions, the fee is down to .5. Hehehe Hope to have another way to resolve these issues on transactions. One potential solution is Bittrex. I just hope they'll accept new users prettty soon. hehehe

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     7 years ago  

    I also hope Bittrex lets new users in soon. Till then it's good to know that the fees decrease on Blocktrades the more I use it.

    cheers

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