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% is a lot, so I hope ethan doesn't mind if others come in and compete with that exchange rate.
I definitely thought about that and received suggestions to do that. The problem with that is that the available balance decreases by about a half, which is a problem for someone that can't put forward that much money. Also, most if not all exchanges I could use require identity verification, which would then make me personally responsible for all of those transactions come tax season. (U.S.)