Ah, I forgot to check if the Open Ledger gateway is back up (it is!). The last time I looked at it, it was down. I would recommend using that first. If you don't yet have a BitShares account, you can use this referral link: https://wallet.bitshares.org/?r=luke-stokes.
I haven't personally had any problems with Bittrex, but I won't use Poloniex again if I can avoid it. I had a bad experience.
If there's an OPEN.x then there probably isn't a "non open one". Open Ledger supports various currencies which they also take a fee on when you trade with them (usually around 0.2%). Is there a specific one you had in mind?
OPEN.x are User Issued Assets (UIA) issued by OpenLedger rather than Market Pegged Assets (MPA) that are collateralized with BTS locked by the blockchain. UIAs have counterparty risk since the issuer could potentially have their wallets hacked or run off with the assets themselves. bitBTC is an MPA, so it's collateralized. The tradeoff is that MPAs don't exist yet for a lot of coins, and some of them that do don't have much liquidity. Since UIA issuers can collect trading fees, they're hopefully incentivized to maintain some market liquidity.
Ah, I forgot to check if the Open Ledger gateway is back up (it is!). The last time I looked at it, it was down. I would recommend using that first. If you don't yet have a BitShares account, you can use this referral link: https://wallet.bitshares.org/?r=luke-stokes.
I haven't personally had any problems with Bittrex, but I won't use Poloniex again if I can avoid it. I had a bad experience.
Thanks, I do have a bitshares acct, quick question, is open.eth or open.whatever the same as the non open one?
If there's an OPEN.x then there probably isn't a "non open one". Open Ledger supports various currencies which they also take a fee on when you trade with them (usually around 0.2%). Is there a specific one you had in mind?
I saw on bitshares that they have open.btc open.eth open.dash and such I just wondered if they are something else or what the open.x means
OPEN.x are User Issued Assets (UIA) issued by OpenLedger rather than Market Pegged Assets (MPA) that are collateralized with BTS locked by the blockchain. UIAs have counterparty risk since the issuer could potentially have their wallets hacked or run off with the assets themselves. bitBTC is an MPA, so it's collateralized. The tradeoff is that MPAs don't exist yet for a lot of coins, and some of them that do don't have much liquidity. Since UIA issuers can collect trading fees, they're hopefully incentivized to maintain some market liquidity.
Thanks, I still have a lot to learn about this