Re: ShapeShift.io - Instant Coin Exchange - No Account Needed
I use your service to convert my altcoins to bitcoins but I am not happy with your high exchange fees
There are no fees, only spread......or am I wrong?
You're correct, it is a matter of spread, not fees. Users get exactly the exchange rate shown on the site. To get better rates, you should always put in a "Specific Amount". Since many of these coin markets are thin/illiquid, there is friction in converting between them, and some people incorrectly believe it is a ShapeShift "fee." We've struggled with how to communicate this effectively to users.
BTW people should think about liquidity concerns before asking for altcoin 'XYZ' to be added...
P.s. Through observation, I guess only Bitcoin can be traded with large volumes (various max vol. limit exchanges repeated times) without moving the spread too much on ShapeShift.