Aren't those tokens like IOU's? They are not the real tokens, so isn't that more like derivative trading?
In this case I am talking about swapping actual cryptocurrencies not their IOU representatives.
Is it possible to exchange OPEN.BTC into BTC via Bitshares?
yeah, they're issued by CCEDK (part of openledger), and it's pretty easy going OPEN.BTC <-> BTC or OPEN.STEEM <-> STEEM, etc. It just adds more complexity (and additional fees) if you just need some BTS, so the exchange rate has to be really attractive to make it worth the effort.
I'll definitely play around a bit more with it. Maybe I'll get lucky and find a nice cross-pair structure that offers a nice advantage!
I see, well in either case it looks more complicated. With Changelly it's just a couple of clicks.
I have to look into Bitshares though, I have tried using it in the past but I found it hard to use, do you have any tutorials for it.?
I played around a bit with pricing on a 100 SBD conversion (within a 15 minute window or so):
What I found is that just using blocktrades, I would get approximately 554 BTS for 100 SBD.
I asked for a quote on changelly on converting 100 SBD to ETH, and it offered around 0.413179. If I hit the BID on bitshares for OPEN.ETH, that will get me around 567 BTS. If I try breaking the spread (at midpoint) and get filled, I could bring that up to 578 BTS.
If I convert SBD to STEEM on the internal STEEMIT market, then sell OPEN.STEEM for BTS, I would get 571 BTS. If I break the spread and get filled, I cold bring that up to around 574 BTS.
So, depending on how you play it, for small amounts (especially for newbies), option 1's probably the easiest. For larger amounts, it seems option 3 is more ideal, and will still save you at least a few bucks for your trouble.
If you're looking to by ETH to go to coinbase or gemini or some other exchange for eventual fiat or something, changelly's probably the best way to go for that!
Regarding an overview of bitshares, check out this recent post by @eirik. It's pretty thorough, and also includes a video overview of OpenLedger: STEEMGIG - A COMPLETE GUIDE ON HOW TO USE WHALESHARES!
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