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coinsquare.io - Is a Rip Off

Discussion in 'Exchanges' started by frantique, Jun 5, 2016.

  1. frantique

    frantique New Member

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    You will lose 15-20% if you exchange there, also you ain't able to see the exchange rate until you make a deposit
     
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  2. rustycase

    rustycase Active Member

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    sry to hear you had a problem...

    I recently read where others advised a very small transfer to verify... if OK, you can then send the remainder of the intended amount.

    Best for me to err on the side of caution !
    rc
     
  3. frantique

    frantique New Member

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    I did so, but small amounts could have greater loss, that's mostly precaution for ultimate scams).
     
  4. rustycase

    rustycase Active Member

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    Pls explain how a small amount could have a greater loss than sending a large amount out into the ether !

    Yes, precaution is a good thing, most of the time, imo.

    YMMV
    rc
     
  5. frantique

    frantique New Member

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    i mean exchange fees can cost more. Of course sending 10+btc just to find out if one's not a scam is not the best idea.)))
     
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  6. rustycase

    rustycase Active Member

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    Whew !
    I'm glad to see our concepts of math agree ! :)

    Sure, the rate may be higher for a tedious small amount that probably won't pay for the cost of transmissin, and I would expect that.
    An exchange needs to make a profit.
    Never-the-less, any fee schedule should be clearly posted for viewing to any prospective client, well in advance of any transaction.
    If fees are in the fine print, or not easily viewable, I wouldn't consider entering into a contract with them.

    Gosh, I certainly hope this error didn't cost you to much that it will be difficult to recover from...

    Best
    rc
     
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  7. Coinsquare_Moda

    Coinsquare_Moda New Member

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    Hi, Coinsquare here. It is possible to see the exchange rate without even being log in on the exchange by clicking on the 'Coins' tab on the front page.

    Also, if you have any other concerns, feel free to open a ticket on the exchange any time.
     
  8. frantique

    frantique New Member

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    Yeah, right...a ticket...
    You've got two options: "market exchange" and "balance exchange". The "market exchange" won't work because it always tell an error "an amount can't be set to zero" at any sum or smthng like that and then we move to ''balance exchange'' where the rate differs, i suppose that's done on purpose.
     
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  9. dianadsouza

    dianadsouza Member

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