SteemFINEX - STEEM/STEEMP Exchange Platform With Low & Zero Fee
SteemFINEX
STEEM/STEEMP Exchange Platform With Low & Zero Fee
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Hunter's comment
SteemFINEX is an exchange platform that let your exchange STEEM TO STEEMP with a lower rate than steem-engine rate.
Steem- engine charges 1% of deposit while SteemFINEX charges at 0.25% and it could go to 0% if you wait for a longer time.
The base fee starts from 0.25% and decreases by 0.01% every one waiting hour, which means it will be free after 25 hours!
This platform is developed by @blockchainstudio
See more information on how to use the platform for exchange here
Link
This is posted on Steemhunt - A place where you can dig products and earn STEEM.
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Greetings @eprolific,
How exciting is this.....I will give it a look.
Thank you for the introduction.
Here's wishing @blockchainstudio all the best!
Cheers!
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This shows what happens with technology. Someone comes up with an idea and someone else adds to it.
The idea of having a saving off Steem Engine fees is only going to make the platform better.
SE still have an advantage of instant payouts plus the liquidity. This is something that most people want. But for those willing to wait, especially for a large amount of STEEM, one can use this service.
Hi @taskmaster4450,
thanks for your comment. (I'm the creator of steemfinex) @steemfinex doesn't necessarily mean waiting. For instance, if there is STEEM balance (~1500 as of now), you can get STEEM immediately (of course here immediately means usually less than 1 min :) if you deposit STEEMP. Try it if you want :)
and waiting means lower fee. so far most big deposits had ended up with ~0.1% or so. So if you're not hurry and there is no balance you want, that means an opportunity for a lower fee :)
It can be the option for steemian for using any exchange besides steem engines. We can't blame for any side with any side. Cz I know every platform has the positive also negative based their features that offers. Thanks for bringing great stuff for steemian, and I like how for used this tools...it's quite easy and simple.
Steem-engine charge 1% fee for steem deposit and this one charge 0.25% which is very good but want to know there is any transfer charge from this to steem-engine?
Hi @alokkumar121,
thank you for your comment. I'm the creator of @steemfinex.
to answer your question, it's so simple,
If you transfer STEEM to @steemfinex, you'll get STEEMP in your Steem-engine wallet.
If you transfer STEEMP to @steemfinex, you'll get STEEM in your Steem wallet.
So after exchange, any internal transfer is free of charge as you know.
maybe just trying it with a small amount gives you an idea (minimum is 1 STEEM/STEEMP, lower than that is donated to prevent spam)
They have added wonderful features than steem-engine with low rate fee. We paid a 1% fee for withdrawing and deposit while this exchange fee is cheap so I would prefer to use this one if I need.
Nice Hunting!
This is such a nice platform to exchange steemp into steem. However 1% charges are too high.
Wow, that's really cool, now we can save our 1 % that we pay the to Steem-engine, It will surely save us some bucks if someone is using it on the daily basis and do trade on Steem-engine, cool hunt.
wow, just seeing this and i think i still need to figure how it works but nice initiatives, we can;t rely on steem engine only
for our transaction....
So I would have to wait 25 hrs for transaction to be free. It is a good option if one is willing to wait.
Great hunt.
Hi @xabi,
Thanks for your comment. You're right under the current fee schedule.
But even if you don't wait, it's still a way cheaper. If there's a balance, you don't need (and can't) wait.