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RE: Is Ardor really all that great?

in #ardor7 years ago (edited)

Tried again less than 96 hours ago

Frustrating, sorry about that. Have you tried changing which node you're connecting to?

Why do you avoid blocktrades?

Because I've always found them to be very expensive. For example, right now if you pay 1 BTC you only get about 5700 BitUSD, but on OpenLedger 1 BTC gets you more like 6300 BitUSD. That's like a 10% fee.

Blocktrades is absolutely fantastic at what they do, and I've always been very happy when I've used them, but you pay for what you get.

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Frustrating, sorry about that. Have you tried changing which node you're connecting to?

Yes, and it did not change the outcome.

10% transaction fee would be considered a ripoff in finance.
Good to know, but what are the fees in bittrex and bitshares for comparison?
What exchanges do you recommend and which ones do you use?
What is your opinion about binance?
What are their fees?

Most centralized exchanges charge a 0.25% fee or less; I believe this is true for Bittrex.

Bitshares fees are a little weird; you pay a tiny tiny fee for submitting and canceling orders, but on core assets you don't pay any fee on order completion. On OPEN.* and other gateway assets there's typically an additional percentage fee, and I've never seen more than 1% (most I think are about 0.25%).

I've never used Binance, I don't think, but I'd guess their fees are on the order of 0.25% like the others.

The exchanges I use most are Bitshares (OpenLedger), Bittrex, and Poloniex. Just depends on what I'm trying to do and who has what listed.

Why do you use poloniex after all of what they have done to their customers?
And good to know that bitshares is openledger, because I was going to ask about it.
I already read it before, but I feel better after seeing verifications.

after all of what they have done to their customers?

When they were new, someone stole a bunch of funds from polo and then polo took the hit instead of socializing the loss like others have done. So... that's pretty upstanding. What do you know that I don't know?

OpenLedger is a centralized exchange that puts their order books on the Bitshares blockchain. They're not actually the same organization.

I read frequent complaints about poloniex freezing customers' funds.
Can you justify it?
They may have been good when they were new, but at least since I joined here 9 months and 2 days ago they are bad.

Did the bitshares blockchain ever have any other purpose other than for decentralized exchange?

I read frequent complaints about poloniex freezing customers' funds.

They do disable withdrawals often, that's true.

Did the bitshares blockchain ever have any other purpose other than for decentralized exchange?

All of their main functions are basically exchange-related. Their most important product is BitUSD, the oldest and arguably best stablecoin in existence. It's been tracking the value of the US dollar continuously since late 2014.

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