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Lubruselu

Is shapeshift dead?

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Why nowadays shapeshift is not popular than before also its not recommended exchange platform.

So what's do you think is the problem that's leads to be not recommended exchange than before, you think is this because of KYC?

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10 hours ago, Lubruselu said:

Why nowadays shapeshift is not popular than before also its not recommended exchange platform.

So what's do you think is the problem that's leads to be not recommended exchange than before, you think is this because of KYC?

I think if shapeshipt is not most used exchange at this time because of KYC! Them I guess it'll come to be most used the time that's all crypto exchange platforms are recommended KYC 


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13 hours ago, Lubruselu said:

Why nowadays shapeshift is not popular than before also its not recommended exchange platform.

So what's do you think is the problem that's leads to be not recommended exchange than before, you think is this because of KYC?

The KYC issue was just an inclusion of the reason why shapeshift is not popular among crypto user cause have been an issue of people been scammed  scammed you know news usually spread like wildfires.

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Before Shapeshift introduce using KYC, i always exchange my coin to them. Because i need instant exchange, i prefer not create account that time. 

But now i think shapeshift is really complicated and need use KYC. If they need KYC what different with traditional exchanges. I prefer going to Binance, because i can save my coin from big fees. Yes shapeshift also taking big fees, that is make bad experience to me.

For instant exchanges like shapeshift i prefer using flyp me. That is no need account at all and instant no KYC. Shapeshift must trying to evaluate their system to get back their customer.


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Shapeshift has lose their value and i think it will dead soon even that platform have so many option, First because their fee was so high comparing to other swap platform like blocktrades and the last one their KYC Verification was a big mistake for instant platform,

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shapeshift isnt dead but the thing is there are so many competitors now and they are giving out better offers than shapeshift and they dont ask for kyc which is a plus point.

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12 hours ago, Luciferludz said:

I think if shapeshipt is not most used exchange at this time because of KYC! Them I guess it'll come to be most used the time that's all crypto exchange platforms are recommended KYC 

Yah you right! Most of people are don't likely to put their privacy publicly while there have exchanges that's are not recommended to use the KYC verification such as changelly.com 

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3 hours ago, Lubruselu said:

Yah you right! Most of people are don't likely to put their privacy publicly while there have exchanges that's are not recommended to use the KYC verification such as changelly.com 

That's is why many cryptocurrency exchanges platforms got hacked because of their not implemented o the KYC feature. And that's is why fiat banks are not hacked because of privacy


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20 hours ago, Luciferludz said:

That's is why many cryptocurrency exchanges platforms got hacked because of their not implemented o the KYC feature. And that's is why fiat banks are not hacked because of privacy

Ahh today I understand that's why bank hacker are got kidnapped immediately, but the crypto hackers are never been traced because of they don't have any privacy in crypto

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9 hours ago, Lubruselu said:

Ahh today I understand that's why bank hacker are got kidnapped immediately, but the crypto hackers are never been traced because of they don't have any privacy in crypto

Yah sure that's is a main reason that's I know. But we hope in the future of cryptoworld there will no hackers cause many platform will be already adapted the KYC verification feature


Trade on forex without KYC verification, also deposit and withdraw easy with bitcoin.... Just click on this LINK

 

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12 hours ago, Luciferludz said:

Yah sure that's is a main reason that's I know. But we hope in the future of cryptoworld there will no hackers cause many platform will be already adapted the KYC verification feature

But I don't know if it will happen suddenly that's all platforms will recommended KYC verification at this time and I don't have any identity.

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17 hours ago, Awaremooner said:

Shapeshift popularity declined because of KYC, fees charged on transactions, and the presence of other reliable alternatives. 

The shape shift network fees is equal to changelly network fees when exchanging the currencies.

But what's make shapeshift to be not most used is because of the KYC, also it have long process in exchanging.

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If KYC is the reason then I agree because traders don't like to take KYC, they prefer to use a non KYC exchange like yobit, binance, crex24 and etc. We don't like to expose our information to the hackers and who knows that exchange will sell our information into the deep web. 

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On 12/6/2019 at 2:06 PM, Lubruselu said:

Why nowadays shapeshift is not popular than before also its not recommended exchange platform.

So what's do you think is the problem that's leads to be not recommended exchange than before, you think is this because of KYC?

How do you recognize Shapeshift? This is something I would know first from you. And of course, this is somehow related to less promotion they have made. 

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On 12/6/2019 at 10:02 PM, Bantay116 said:

When the market is emerging more and more exchange are now open and shapeshifs lose its value, but not dead. 

Yah that's sure because many exchanges platforms are launched everyday with the best and usefully feature that's are suited many people


Trade on forex without KYC verification, also deposit and withdraw easy with bitcoin.... Just click on this LINK

 

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I have used shipeshift for a long time before they ask for KYC But now i really don't use it because i don't pass the kyc to verify my account i think now why they don't more popular because of verification but the exchange still work 

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On 12/6/2019 at 12:06 PM, Lubruselu said:

Why nowadays shapeshift is not popular than before also its not recommended exchange platform.

So what's do you think is the problem that's leads to be not recommended exchange than before, you think is this because of KYC?

The market is very competitive every day new exchanges comes to challenge old one .If old one does not offer reliable services then clients shift on new ones .They have to work hard for their seek.

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Shapeshift was great even right now also they are live within market, offering own FOX token.

 

But according GDPR and law enforcement, its hard for every business to keep sustainability.

 

I was early user of Shapeshift, along with their one of service skeleton I have used to build own altcoin exchanger with my domain. Currently skeleton services are not offered by Shapeshift.

 

But Shapeshift offering commission free trading for their users.

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Non-recommended exchanges are not due to KYC issues, but there are other things. Such as low volume, coins / tokens are not many in the exchange. And other things might be security. That is why many exchanges are not recommended.

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There has been reports of people being scammed by shapeshift which is one of the reasons it died out, also new and better exchange sites emerged


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It's been more than a year since Shapeshift asked for KYC verification, they implemented it on October 1, 2018. Now what makes Shapeshift different from the 100+ other exchanges listed? They don't have airdrops as far as I know, and if they do, they're probably simple ones that most other exchanges have.


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I don't know if it's dead or not, but it seems like the use of KYC makes people less interested, so many people leave the system like that. I am also not interested in using such a system.

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On 12/6/2019 at 8:06 AM, Lubruselu said:

Why nowadays shapeshift is not popular than before also its not recommended exchange platform.

So what's do you think is the problem that's leads to be not recommended exchange than before, you think is this because of KYC?

KYC may partly be responsible for what caused shapeshift to be going down but the main cause for me it's taking wrong decision when you have great competitors. It's more like shapeshift sir itself with their bad business decision and allowed changelly thrive better

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