Shapeshift vs Flyp.me

in #exchange7 years ago (edited)

Comparison of Flyp.me and Shapeshift

Currently there are two exchanges in the market that allow users to exchange cryptocurrencies without registration. They both claim to be private and secure.
Those are: Shapeshift, and Flyp.me.
In this article I compare those exchanges in terms of price, privacy, limits, speed and trading pairs.

Shapeshift describes it's service as follows:

ShapeShift's goal is to be the fastest, most private, and most convenient way to swap digital currencies, and the exchange rate will always remain competitive.

Flyp.me as follows:

Flyp.me is the fastest and most private accountless exchange to trade your favorite cryptocurrencies.

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Privacy

As I already wrote both of the two exchanges claim to be private. Both of them allow trading without the need of an email address or a registration. Still they do not offer the same level of privacy.

Shapeshift

Shapeshift uses: Google Tag Manager, Typekit by Adobe and Google Analytics to analyze who is visiting the page and how long an average user stays on the page. For a service which aims to be the most private way to swap digital currencies such a load of trackers seems to be a bit strange. They also integrate facebook, twitter, DoubleClick. Users which value privacy should be warned that this services are anything other than private!

Flyp.me

Flyp.me on the other hand does not integrate any tracker on it's site! AdBlock and Ghostery show both no trackers on flyp.me. So the point for privacy goes to flyp.me.

Price

BTC - ETH

Shapeshift: 0.5 BTC -> 9.97610338 ETH
Flyp.me: 0.5 BTC -> 9.92254004

BLK - ETH

Shapeshift: 100 BLK -> 0.058876
Flyp.me: 100 BLK -> 0.05887241

DODGE - DASH

Shapeshift: 10000 DODGE -> 0.0334 Dash
Flyp.me: 10000 DODGE -> 0.03398 Dash

LTC - DASH

Shapeshift: 50 LTC -> 9.6980095 Dash
Flyp.me: 50 LTC -> 9.72515052 Dash
In three of four tested and random selected trading pairs shapeshif.io is cheaper than flyp.me. So this point goes clearly to shapeshift!

Limits

BTC

Shapeshift: Min: 0.00019033 BTC Max: 0.84235779 BTC
Flyp.me: Min: min: 0.00000337 BTC Max: 1.34456042 BTC

LTC

Shapeshift: Min: 0.02021122 LTC Max: 89.63116462 LTC
Flyp.me: Min: 0.00035766 LTC Max: 143.0607144 LTC

BLK

Shapeshift: Min: 6.00758534 BLK Max: 28,090.66092269 BLK
Flyp.me: Min: 0.11042711 BLK Max: 32267.57026889 BLK

GAME

Shapeshift: Min: 0.53454699 GAME Max: 2,406.73655188 GAME
Flyp.me: Min: 0.0095791 GAME Max: 1577.5711966 GAME

In all four tested currencies Flyp.me had a lower minimum limit and a higher maximum limit. So in this category the winner is flyp.me

Speed

The time needed for exchanging is nearly the same with both exchanges.
But on my computer Shapeshift.io takes up to 10 seconds until it displays the exchange course. Flyp.me instead shows it instantly. Nontheless here is no exchange the winner.

Trading pairs

Here is shapeshift the clear winner. They support 51 currencies whereas flyp.me currenlty only supports 14. Here's to say that flyp.me is new and they probably will add more coins in the future. Here is shapeshift the clear winner.

Conclusion

Finally I can say that both exchanges do a good job. They both have a clean website and are fast. Shapeshift as the market leader impresses with many trading pairs whereas flyp.me is interesting because of the higher limits and the tracker less website. Check both of them out and find the one that fits you best!
Happy trading :)

Shapeshift

Pros

  • price
  • trading pairs

Cons

  • privacy
  • limits

Flyp.me

Pros

  • privacy
  • limits

Cons

  • trading pairs
  • price

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