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RE: Vessel 0.2.0 - Interact with Steem securely from any website

in #vessel • 7 years ago

Are there fees?

So does using this replace using an exchange like bittrex. Right now I don't know if bittrex is really an exchange or really a trading platform or both.

Would the chain be Steemit>Vessel>Exchange>bank account? Are we adding a step?

Also I immediately thought of gumroad as a lot of artist use it to sell. Could this be a no fee replacement? Does each currency need it's own wallet for some technical reason? Could vessel accept other currencies? Could it be linked with an exchange? Those questions could be irrelevant if steem became the prominent currency on the internet but at some point there will be a transaction provider that accepts most crypto. Maybe paypal will beat everyone to the punch if they go for that? Maybe it already exists and I have no idea what I'm talking about.

Sorry for the crazy comment. I'm new. Also thanks for putting the work into this!

7 years ago in #vessel by
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     7 years ago  

    Following along in the order of your questions:

    • Nope, no fee's, just a wallet.
    • This does not replace an exchange like bittrex - there's no trading in the wallet (yet?).
    • The chain would end up being Vessel -> Exchange -> Bank Account. You don't have to move funds to the wallet, you just import your keys into the wallet and now you can use your Steem account from it (instead of the website). Using Vessel means you no longer have to rely on your web browsers security and entering your master password or active keys into it.
    • I don't know enough about gumroad to answer your question - but the wallet can be used for users to send Steem to eachother.
    • Vessel could accept other cryptocurrencies (and act like a wallet), but it's not an exchange to trade within.

    No worries about the crazy comment - more than happy to help with the learning :D

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     7 years ago  

    Thank you for answering my questions. I thought of a few more but decided not to post them here. I'll continue to follow and read the chainbb forum. I'll catch on.

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