HI, I am on the fence with this new exchange. It is not listed on CMC, the 24 hour volume for what should the largest trading pair--btc/usd is 18.5BTC----I hope people reading this realize how low that is, Binace is more that 120 times more volume. Coupled with the KYC issues and I am nervous. We are being asked to trust a new exchange with our personal data(KYC). And I also see its a free listing. I have bought 5 niches, been involved, love the idea, but this is not good. Part of the reason...
As has been said in Telegram, we don't announce news about exchanges until there is something firm to announce. That means we don't post about negotiations or problems or specific exchanges in the mix. As it happened, we were ready to announce BiteBTC. If it is not suitable for your needs, you can wait for others to be announced when ready. It's fair to say, there will be other exchanges. Your concerns about BIteBTC are noted.
For what it might be worth - I'm putting out a suggestion. If BiteBTC could impact us negatively, and if other exchanges are in the works, might it be an option to delay our listing on BiteBTC until after a better exchange comes to fruition? I guess there is pressure to get listed somewhere so folks can buy NRVE to participate in the public phase of Chaucer, but there is also the risk of really hurting that public phase if an exchange with poor or no reputation taints the process? We only...
That is reasonable, it sometimes is better to not be listed at the same time I can see people wanting a platform to start trading. On the fence its available to use however with the low volume its a bit risky to do a full process of KYC/AML. That said having a listing will help users as long as their is someone willing to trade it.
Thanks -- as posted on the 27th, if BiteBTC is not to your liking there are other options to come. Wait for them. This particular exchanges offers SWIFT and VISA/MC transactions and so requires extensive KYC. If you don't want that or can't, then hang in until there are other exchanges announced. Thanks for your patience.
Hi everyone- Some good news! We're on the verge of having Narrative (NRVE) tokens listed on the BiteBTC exchange. We've been told that this should happen by the middle of next week, though of course there are no guarantees. BiteBTC is a relatively small exchange, averaging about $2 million per day in trades. They are based in Singapore and they require KYC in order to do any trades on their exchange. Furthermore, it can take anywhere from 5 days to several weeks for verification to be...
Christian- looks like there are no geographic restrictions to me. There was a large country list when I completed the KYC form. I just wish that they could process their KYC faster than they apparently do.
I hardly think you can compare the relative success of two projects by which exchange was their first exchange. In the words of @Daniel Kamara "Do you remember which exchange Bitcoin was listed on first?"
This has been answered by some in a couple other places. The reason it won't be on switcheo is because switcheo is having trouble integrating python (I think) based tokens, and their eta on fixing that issue is quite long.
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