This rc shit is killing for planktons like myself , I am not sure again what I am still doing on steemit! But the service from blocktrades has been awesome so far! But the exchange rates is alarming kindly review this please.
Prices for Steem vary widely across the net right now, because the exchanges (with the possible exception of gopax) haven't yet got their Steem wallets working again after the hard fork.
Our site analyzes those prices to determine what price to use, so we've had to make choices about which price we trust most during this disruptive period. We are using a price that seems to be the "consensus" price across the exchanges right now and it's on the low side of the total range.
Coinmarketcap is estimating considerably higher because it is mostly using Huobi's price (because they report the highest volume).
Long story short: if you agree with coinmarketcap's price, you should buy from us because we're selling it lower than coinmarketcap's price (and we can actually deliver the Steem, which few if any exchanges can do right now), so it's a great deal by that view.
On the other hand, if you want to sell your Steem, you might want to wait until you can transfer it to Huobi instead of selling it to us now, but I wouldn't place any bets on the prices being the same by the time they re-enable their deposits.
@blocktrades If I understand correctly, buying or selling steem with blocktrades, is a better option then the internal market?
Could you please confirm that trading with blocktrades is handled by you on an external exchange and not the internal market? So there is real price discovery.
If this is the case, I will switch to blocktrades for swapping SBD -> STEEM and STEEM -> SBD.
When you trade with us, you're trading directly with us, but we monitor prices on both exchanges and the internal market and our software selectively uses prices from all it's potential sources. I'm not currently following prices on the internal market, so I can't say if it's better or worse than the price on exchanges (the prices change too often for me to try to keep up with such things manually, we leave it to the software).
My best suggestion is to make the comparison using our price estimator versus the internal market price and see what gives you the best deal at any given time.
Hi Sir, How long does it takes to transfer SBD to a regular wallet when it is converted,, I mean,, Ive used the service on blocktrades to transfer it to my local BTC wallet on Coins.ph ...1st time to try this,,its says on the transaction it is completed,but on my Coins.ph account on btc section no input yet.. is this ok or did i messed up?
I agree yeah, totally, blocktrades is my favorite platform for alt coins exchange and it interacts with the btc and eth blockchain very well. I love it!
Perhaps surprisingly, it had everything to do with the fork. The 12-hour outage of the Steem blockchain was caused by a bug in the code for HF 20 that caused some of the HF 20 rules to start too early (i.e. before the fork was supposed to happen). And this is what caused most of the exchange wallets to stop functioning. Since then, the exchanges have been trying to play catch up, in order to get functioning wallets.
This rc shit is killing for planktons like myself , I am not sure again what I am still doing on steemit! But the service from blocktrades has been awesome so far! But the exchange rates is alarming kindly review this please.
Prices for Steem vary widely across the net right now, because the exchanges (with the possible exception of gopax) haven't yet got their Steem wallets working again after the hard fork.
Our site analyzes those prices to determine what price to use, so we've had to make choices about which price we trust most during this disruptive period. We are using a price that seems to be the "consensus" price across the exchanges right now and it's on the low side of the total range.
Coinmarketcap is estimating considerably higher because it is mostly using Huobi's price (because they report the highest volume).
Long story short: if you agree with coinmarketcap's price, you should buy from us because we're selling it lower than coinmarketcap's price (and we can actually deliver the Steem, which few if any exchanges can do right now), so it's a great deal by that view.
On the other hand, if you want to sell your Steem, you might want to wait until you can transfer it to Huobi instead of selling it to us now, but I wouldn't place any bets on the prices being the same by the time they re-enable their deposits.
@blocktrades If I understand correctly, buying or selling steem with blocktrades, is a better option then the internal market?
Could you please confirm that trading with blocktrades is handled by you on an external exchange and not the internal market? So there is real price discovery.
If this is the case, I will switch to blocktrades for swapping SBD -> STEEM and STEEM -> SBD.
Thank you for your reply.
Regards,
When you trade with us, you're trading directly with us, but we monitor prices on both exchanges and the internal market and our software selectively uses prices from all it's potential sources. I'm not currently following prices on the internal market, so I can't say if it's better or worse than the price on exchanges (the prices change too often for me to try to keep up with such things manually, we leave it to the software).
My best suggestion is to make the comparison using our price estimator versus the internal market price and see what gives you the best deal at any given time.
Hi Sir, How long does it takes to transfer SBD to a regular wallet when it is converted,, I mean,, Ive used the service on blocktrades to transfer it to my local BTC wallet on Coins.ph ...1st time to try this,,its says on the transaction it is completed,but on my Coins.ph account on btc section no input yet.. is this ok or did i messed up?
I agree yeah, totally, blocktrades is my favorite platform for alt coins exchange and it interacts with the btc and eth blockchain very well. I love it!
STEEM wallets on other exchanges have been down a full week before the fork. It had nothing to do with the fork.
Perhaps surprisingly, it had everything to do with the fork. The 12-hour outage of the Steem blockchain was caused by a bug in the code for HF 20 that caused some of the HF 20 rules to start too early (i.e. before the fork was supposed to happen). And this is what caused most of the exchange wallets to stop functioning. Since then, the exchanges have been trying to play catch up, in order to get functioning wallets.
I believe the exchange fee is 1%? That ain't bad!
that's better than many others.
I can understand and get info that blocktrades is a better option for buying or selling steem.thank you for your help for us.