eXch - Official Announcements and Discussion Thread

[klarki]

Important information:



Source link:
https://bitcointalk.org/index.php?topic=577207.msg64389731#msg64389731

[dkbit98]

Customers should stop using all services that are promoting this selective AML rating of coins, but I am afraid things have gone to far and this became another way to take money from people.
Few years ago it would be crazy to pay someone to show you report how much your coins are clean or not clean, but today that is becoming the standard sadly. 

[examplens]

Friendly bump.
exch.cx operates without problem, so there is not much reason for discussion. Nevertheless, as one of the renowned services, it should take more attention.
We are still waiting for another popular coin to be listed here.

[paid2]

Friendly bump.
exch.cx operates without problem, so there is not much reason for discussion. Nevertheless, as one of the renowned services, it should take more attention.
We are still waiting for another popular coin to be listed here.

Yes indeed, it is complex to have activity in this thread without it becoming a kind of “copy and paste” of Bitcointalk's ANN.

In case someone isn't aware, eXch has (since August) a dedicated support account on Bitcointalk

[examplens]

In case someone isn't aware, eXch has (since August) a dedicated support account on Bitcointalk

If there were more activities here, probably the same support could be present here as well.
Although there is less activity on this forum, some promo campaigns could perhaps have a positive effect. (It doesn't have to be a signature)

[dkbit98]

In case someone isn't aware, eXch has (since August) a dedicated support account on Bitcointalk

It's always good to have backup account here in AtlcoinsTalks ready, in case something unpredictable happens with bitcointalk in future.

eXch is doing good with current system and I wouldn't make any drastic changes with coins, except maybe working on more privacy with bitcoin.
I heard they are also working with OrangeFren in making Bisq light client project
https://bitcointalk.org/index.php?topic=5509573

[bitmover]

It's always good to have backup account here in AtlcoinsTalks ready, in case something unpredictable happens with bitcointalk in future.

I agree. It would be nice to have some kind of backup here.

I am also missing a link to this topic in their support page


https://exch.cx/support

They could add a similar link to this thread with the label altcointalks thread or profile

[dkbit98]

They could add a similar link to this thread with the label altcointalks thread or profile

I think they had altcointstalks link at one point, back in the time when mixer ban was first introduced in bitcointalk forum.
They have account here but they are much more active in other forum, and theymos didnt expand his ban to other services.
SimpleX chat is much safer for communication, but I think that is used mostly by their developers.

[paid2]

I am sharing a message from eXch (on Bitcointalk), which is a warning to all ByBit users:

Warning to all ByBit users: your funds and privacy are at risk.

The high-risk exchange ByBit misleadingly designates eXch as a "high-risk exchange". ByBit freezes funds coming from eXch and other exchanges that respect users privacy, asking customers who wish to have a right to privacy for source of funds.

By definition, eXch is a low-risk exchange, because:

• eXch users never risk to have their funds frozen, therefore there is very low risk of losing funds in this context
• eXch never asks for additional documentation that would compromise users right to privacy, representing low-risk trading environment for its users
• eXch users have very low risk of losing their identity confidentiality or funds compared to users of other exchanges because we follow high standards in information security and offer privacy-oriented options such as .onion domain and lack of clearnet infrastructure relying on data-harvesting companies like Cloudflare, also providing our users with secure and private wallet recommentations to ensure they never lose their funds or reveal their digital identify when they don't want to do so

By definition, ByBit is a high-risk exchange, because:

• ByBit users risk their deposit being frozen by ByBit and asked for documentation proving origin of their funds without a right to refund, representing a high-risk environment for trusting funds to them
• ByBit identifies any legitimate on-chain coin sources that can be used pseudonymously/privately (such as eXch, Thorchain or CoinJoin protocols) as "high-risk", by default threatening users who wish to have private on-chain with having their funds confiscated, making ByBit high-risk and dangerous for the whole cryptocurrency industry
• ByBit is abusing its users trust by marketing themselves as "safe" but doing absolutely the opposite by freezing and confiscating its users funds, which is high risk for users
• ByBit is dictating its users what exchanges/protocols they can or can't use, blatantly violating all the ethical and anti-monopoly principles aiming to create fair conditions for all industry players, acting as a high-risk player itself for the whole industry

ByBit is an anti-crypto and by definition a high-risk exchange that does not understand core cryptocurrency cultural values. Meanwhile ByBit performs disinformational campaign calling projects that promote privacy on-chain as "high-risk", which automatically takes all the credibility from them for such misinformation.

We at eXch recommend staying away from high-risk exchanges such as ByBit and others that do not respect on-chain privacy to avoid having your funds randomly lost.

The following screenshot represents an email sent from ByBit to eXch user who deposited funds from eXch to ByBit, having the deposit frozen by ByBit for more than 2 months and demanding for SoF (origin of funds):


[direct link to oshi.at] [onion link to oshi.at]

Any high-risk exchanges like ByBit calling eXch "high-risk" are not threatening eXch, they are threatening the cryptocurrency industry in general, creating a dangerous precedent putting basic human rights (such as a right to privacy) at risk.

The current and up-to-date list of centralized exchanges that consider eXch a low-risk exchange equally can be found at our FAQ page.

We are also preparing some countermeasures to protect our customers from abusive practices of malicious AML screening providers and high-risk exchanges such as ByBit that do not value transparency we (eXch) provide, which will be a subject of one of our next forum posts.

[hugeblack]

I am sharing a message from eXch (on Bitcointalk), which is a warning to all ByBit users:

I wonder how these platforms know the source of coins, i.e. how did they know that the transaction came from eXch?


When asked about the source of the coins, if the answer is that they came from a friend, will these services ask me to contact my friend to ask him about the source of the coins? Frankly, I have not used KYCed CEX before, but the behavior of these services is confusing.

[paid2]

I wonder how these platforms know the source of coins, i.e. how did they know that the transaction came from eXch?

eXch's ETH address is publicly known : https://etherscan.io/address/0xf1da173228fcf015f43f3ea15abbb51f0d8f1123
Same for BTC (Aggregated pool)

When asked about the source of the coins, if the answer is that they came from a friend, will these services ask me to contact my friend to ask him about the source of the coins? Frankly, I have not used KYCed CEX before, but the behavior of these services is confusing.

Yes some may ask you for proofs/history, you can see an example here: https://bitcointalk.org/index.php?topic=5506545.msg64440296#msg64440296
They don't even accept the idea that this guy mined these XMR.. So they won't accept "i got the coins from a friend" either, at least when they use AML/KYC/SoF/whatever as a pretext to freeze (steal) your funds..

[examplens]

Here again, we come to the point of how wrong it is to send coins directly from one exchange, casino, mixer... to another exchange. I guess everyone wants to pay as low a fee as possible, but in fact, they are just needlessly risking funds.
First, withdraw funds to a clean address and then send them to the final destination.

[hugeblack]

eXch's ETH address is publicly known : https://etherscan.io/address/0xf1da173228fcf015f43f3ea15abbb51f0d8f1123
Same for BTC (Aggregated pool)

Hmm, why don't they have a pool of addresses in case the government decides to blacklist that address or track customer privacy?
Or get-from-others. Whoever wants to exchange 1 Bitcoin to Ethereum can wait to get it from other users’ deposits, and so on.

They don't even accept the idea that this guy mined these XMR.. So they won't accept "i got the coins from a friend" either, at least when they use AML/KYC/SoF/whatever as a pretext to freeze (steal) your funds.

[/size]
This would make sense for unknown platforms but in the case of HTX bybit they are probably afraid of being approached by “law enforcement”.

Here again, we come to the point of how wrong it is to send coins directly from one exchange, casino, mixer... to another exchange. I guess everyone wants to pay as low a fee as possible, but in fact, they are just needlessly risking funds.
First, withdraw funds to a clean address and then send them to the final destination.

Or use ricochet service from mixero although I think it is better to create an eletrum wallet with Tor and then rebroadcast the transaction through at least 7 intermediate wallets.

[examplens]

Hmm, why don't they have a pool of addresses in case the government decides to blacklist that address or track customer privacy?
Or get-from-others. Whoever wants to exchange 1 Bitcoin to Ethereum can wait to get it from other users’ deposits, and so on.

It would probably be a good solution if they had more addresses in use. I'm not sure if it changes their concept, considering that everything goes through specific nodes controlled by eXch. In addition, there are also some ERC20 tokens USDT, USDC, and DAI, so I assume that they are also at the same address.

[dkbit98]

I am sharing a message from eXch (on Bitcointalk), which is a warning to all ByBit users

I never used ByBit exchange and I don't plan on start using it now.
It's best to stay away from big centralized exchanges if possible, there are several good alternatives for both crypto and fiat trading.
Exchanges can seize coins and block account for any reason but I guess they are also pushed by regulators.