Like the vast majority of crypto exchanges, ShapeShift does not offer leveraged trading, but it is to be expected, as the idea of its service is entirely different. Unlike most exchanges, ShapeShift does not display clearly the current prices of the largest (by market cap) cryptocurrencies. Besides, according to very recent customer reviews, in reality the commission charged by ShapeShift is much higher and amounts to anywhere between 3 and 10%. This is in the average, compared to other exchanges, but added to the miner fee, can amount to quite a bit. Well-hidden in the FAQ section, however, we find the information that ShapeShift includes in the price a profit of around 0.5%. The major inconvenience here is that each coin has a different fee and one has to check beforehand, even though the fee is actually included in the price quoted by ShapeShift. ShapeShift says it does not charge trading or other fees, except miner fees. ShapeShift accepts client suggestions for the addition of more alt-coins. The difference is that with the precise order one can set a desired price, while with the quick the transaction is done at current price. There are two types of orders that can be placed: precise and quick. However, for the occasional user who just needs to convert one cryptocurrency to another, it is very easy and intuitive to use. ShapeShift does not have a trading platform in the true sense of the word, so it is not very convenient for serious traders. Judging by the customer reviews, it does what it’s supposed to do and is fast and very easy to use.Īdditionally, ShapeShift offers another mobile app: CoinCap, which provides real time market data, price alerts and, once again, exchange services through ShapeShift integration.
#SHIFT EXCHANGE REVIEWS FOR ANDROID#
ShapeShift offers a mobile application for Android and iOS devices that allows cryptocurrency conversion on the go. The fees story, however, is different, as you’re about to read further below. This means clients get a specific exchange rate (market rate of several exchanges that updates every 30 seconds) for their order, which does not change based on the size of the order. There is no "price slippage" with ShapeShift. ShapeShift is based in Switzerland, but accepts clients worldwide, including the US.
#SHIFT EXCHANGE REVIEWS VERIFICATION#
The smaller transactions do not require a network verification and the larger ones need just one. Depending on the blockchain network, that is. ShapeShift offers an almost instantaneous swap. This is very convenient, especially for those seeking anonymity. ShapeShift does not require the creation of a customer account, no ID verification and not even a customer e-mail. ShapeShift’s portfolio includes more than 400 crypto pairs with alt-coins including Bitcoin, Bitcoin Cash, Ether, Ether Classic, Monero, Dogecoin, Litecoin, Peercoin, Darkcoin, Namecoin, Feathercoin, Blackcoin and other cryptocurrencies – a total of over 50. It does not require registration, e-mails or verification and the exchange process is really straightforward. According to its own data, in the last 24 hours it processed 31 207 transactions, with a bitcoin volume equivalent of 2,715.841 BTC and an average trade time of 616 seconds.
ShapeShift is a Swiss exchange offering instant swap services between various cryptocurrencies.
Trading accounts and conditions Account type Diversify! We recommend you to open trading accounts with at least two brokers.
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