Hi guys, few small updates today related to using memos when transferring funds to @swap.app.
Steem <-> Hive
Previously when the user wanted to swap Steem to Hive or Hive to Steem, he needed to use the right memo.
Now, no memo is needed for Steem <-> Hive swaps.
If you send Steem to @swap.app, it's gonna be swapped to Hive, and when you send Hive - it's gonna be swapped to Steem. You can use empty memo in both cases.
Steem -> SBD and Hive -> HBD
If you want to swap your Steem to SBD - use memo
If you want to swap your Hive to HBD - use memo
Steem / Hive -> BTC
We've already completed few swaps directly to BTC and all is working as intended :)
To swap your Steem / Hive directly to BTC, send it to @swap.app with memo:
You can also encrypt your message so it's visible only to you and @swap.app by adding
# at the start of the memo:
The swap ratio is the same as on binance. There's a 0.7% fee for the exchange and 0.0001 BTC withdrawal fee - which is 4 times lower than on Binance and 5 times lower than on Bittrex - so pretty good deal :)
The actual ratio with a calculator is coming soon and will be available on the @swap.app website.
BTC -> Steem / Hive is also coming but we need the website so you can receive the BTC deposit address.