Post
Topic
Board Gambling
Re: 🔶 YOLOdice.com 🔶 FAST, BTC LTC ETH, now with an EXCHANGE
by
Hatcher
on 28/04/2018, 04:18:56 UTC
make it below 3% imo.
open to invest in the exchange BR too.

next step is opening LTC + ETH BR investment opportunity if I am not wrong?



I used to run an exchange bot on the site. I was losing money because of the exchange rate fluctuation. You're asking too much for the service being provided.

When I think of an exchange bot operating I think of this process:

Someone wants to exchange BTC for LTC.
The bot quotes the rate at your favorite exchange subtracting a 1% fee.
They give you BTC for your LTC and then at the same time you buy back LTC on Binance/Bitfinex/Bittrex and pay at most a trading fee of .25%.
You code the bot to do that instantly, once they give you the BTC, and you lock in a certain profit every time.

3% seems excessive to me, so I hope ethan doesn't mind if others come in and compete with that exchange rate.