Cryptowolf is not the best place to be buying smartcash, at least for the moment!!
Hey guys, it's been a while I've written under the smartcash tag. Been pretty busy so couldn't stay in touch with you guys on discord as well.
I just wanted to do very quick review on the new exchange that you can buy smartcash on called Cryptowolf
It has the advantage of exchanging smartcash for a few other cryptocurrencies besides BTC. They are LTC, Ethereum if you wanna buy and if you wanna sell smart (stupid decision, don't sell at this point. HODL for god damn it's sake!!) you can directly exchange it for a whole bunch of different altcoins. The whole list can be found on their website.
But my issue with this exchange is the RIDICULOUSLY high fees, so high that marijuana is calling cryptowolf it's granddad for the moment!!
I'll do some math for you guys!!
At the time of writing this post, LTC is priced at $ 154.18
Smartcash is at $ 0.322833
At this rate, ideally 1 LTC should give us 478.398974 smarts. But let's face it, we don't live in an ideal world and we will actually be receiving less than this. Let's say we go down to as low as 450 smartcash for 1 LTC after adjusting for the fees. Do you know how much is cryptowolf giving you at this moment??!!
That's self explanatory!! That's Friggin' 106 smartcash lost in fees!! Unless they sort this issue out, I will definitely not be using this exchange to buy any smartcash and I will suggest you do the same. I think cryptobridge is doing fine at the moment so if you need to buy any, use that instead of cryptowolf. It has the smart/LTC pair as well.
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Peace!!
@simplifylife I visited the site when it was announced and was shocked to see the LTC pair price for smartcash. it did not make sense so I held on to my LTC. Crypto Bridge is working fine for now. Waiting for HitBTC to get back in the flow.
Yeah IKR!! I was so excited when I heard about this cryptowolf!! I'm all for exchanging altcoins to altcoins directly (which is why I love blocktrades) and when I saw the huge number of different altcoins supported on cryptowolf I was very happy.
But such a let down man :( :( Very disappointed.
I love litecoin! Steemit is my 2nd crush... <3
Yes, both pretty great altcoins!! If you're interested in investing in crypto, I'll definitely recommend you to check out smartcash. If you have any question feel free to ask me here, or on steemit. You can also check the smartcash related posts in my blog to get an idea of what's happening and why it's so awesome!!
True LTC is really working as money look forward to smartcash being accepted is many places.
Noted, thanks for the heads up. That's nuts, ill stick with crypto bridge for now.
I wonder what the next big exchange smart gets on will be...
Man, bittrex or poloniex will be an absolute game changer :D Even binance would be cool, although I rarely use binance but I hear good stuff about binance!!
Fee's are over price... to bad. HODL smart!
Yeah man, I don't think they'll survive with such high fees for too long.
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