Post
Topic
Board Gambling
Re: FreeBitco.in - Win free Bitcoins every hour!
by
Myfe
on 22/11/2017, 20:18:10 UTC
I have been posting regarding the discrepancy in the exchange rates . Now that you brought it up here , let me re-question your rates.

1. Why are you giving the customers a ridiculously low exchange rate ( 40% lower than the current market rates ) ? ( .032(market rate) v/s 0.019 (your rate)
Note : rates today =0.032 BTC / BTG ( as on Nov 22 0400 UTC - source : https://coinmarketcap.com/currencies/bitcoin-gold/)

2. Why have you pegged the rate at a constant 0.019 BTC/BTG when market exchange prices are not ?

We offered the BTG exchange on Nov 20th in the early morning, at the time BTG was worth BTC0.015. So we actually offered the BTG conversion at a rediculously high 30% greater than market value.

Since that time BTG has doubled in value, maybe on our news (?!).

We're not a currency exchange, we don't offer dynamic conversion rates for alternative currencies. What we do is honor hard fork airdrops for our members and daily interest on balanced, which is more than every other Bitcoin wallet in existence!


3. When you enable the BTG transfer to other wallet , are you going to charge for the transfer?

This feature is being developed as we speak. I can't give a definite availability date yet, but it's coming...and we don't bullshit around about these announcements.

The cost of the transfer will be the transaction fees assessed by the miners, as is customary for any blockchain transaction. We don't add our own fee on top.


Good questions.