It is unclear how the smaller amount is sent for exchange, because it is indicated there when filling out. Previously, this problem was solved automatically. If the amount sent was less than the minimum amount for the exchange, it was automatically returned to the sender's address. Now the user has a choice, either to refund or to pay extra, which is more rational.

If you pay less than the minimum specified amount for the swap which is around 20-30 $.
It will trigger the underpaid status and you need to meet the minimum amount to continue or you can cancel the swap.

Following a transaction made on the platform, I would like to ask the following.

I'm wondering if b1eXch always uses the same network rate to process transactions, in order to guarantee their speed, or if it adjusts to the rates that are currently being applied?

I'm asking this because in my last transaction, where I sent BTC, I received an alert that the fee used was too low and could take a while.

He then suggested a rate 10 times higher than the one I had used.
I had used 0.20 sat/vB and received a suggestion to use 2sat/vB.

Perhaps you were guided by a block that was mined some time ago. But, in the end, the transaction went through normally within a reasonable timeframe.

Please note, I am not an expert in this type of exchange, and that is to be expected. However, it is precisely because I am not an expert that I understand these aspects.

I want to start by saying that I am not an expert in trading and I rarely use these platforms. Therefore, what I will explain below is the result of a more detailed analysis that I have done while using this platform.

Based on my limited experience using these platforms, I can say that b1exch is a simple, intuitive platform that inspires the necessary confidence for its use.

With that in mind, I would like to analyze the network fees applied, which I believe are either unclear or excessive for the operation. As mentioned in the previous post, it performs BTC > USDT (TRC20) transactions, and I got the impression that the fee charged was excessive.

So, I decided to do another test, this time in reverse: USDT (TRC20) > BTC. Even though I paid a lower network fee than the previous transaction (perhaps because the amount was also different), this amount seemed a bit high to me. I will now try to explain the analysis I did (which I admit may be wrong).

After initiating the exchange process on the platform, I sent the USDT limit (TRC20) to the indicated address. In this transaction, I paid 6.4285TRX, which at the current rate is equivalent to about $1.84.
In turn, the network fee paid for registering a BTC block totaled $0.68.

In the end, according to b1exch, I paid $4.72 in processing fees (slippage + network).

So, if the first $1.84 is paid directly into my wallet to make the transfer (here the child isn't paying for the parent), and I pay b1exch a network fee of $0.68 to make the BTC transaction, where is the extra $4?

Even assuming that b1exch wants me to pay for a future transaction to reorganize my USDT balance (TRC20), assuming the same rate (since it doesn't make sense to imagine a future rate), I would pay the $1.84. That added up to about $2.50 in network fees, almost half of what I actually paid.

Another point that caught my attention is that the BTC transaction was made with a fee of 4.56 sat/vB, almost double the average block fee.

I can understand that the rates are variable and that b1exch won't use the minimums. But using values ​​that are almost double what's necessary is also a waste of resources, both for them and for the clients.

In this regard, I suggest that the platform strive to be more balanced in the network fees applied, as well as clarify in more detail the reason for the fees used.


_{Note to the reader: I have not included transaction links here to maintain a certain level of privacy, but if necessary for a more thorough analysis, I am available to provide them.}

 I remember that I used the delete function a lot after the exchange, and I remember,
 that in the exchcx, I had the option to choose the fee, in the case to receive BTC,
I had the free option, which only paid the network fee, and if I'm not mistaken,
 two more options, like, 3 sat/bit and 6 sat/bit, I always chose the free, And of course,
 it took a while... But it had these options, for BTC

 In addition, I am surprised to know that it will be automatically deleted from
the page of the exchange used.. Exch was like that too, when you didn't select
the delete option after the change was completed.

Congratulations B1EXCH!

As I said, I generally only use BTC. I only use other cryptocurrencies during this experimental period. So I don't have much knowledge of how they all work.

I found a website that indicates the fee, I don't know how accurate it is. But it confirms the amount paid in my transaction.
https://coin.space/tron-network-fee/

Now, I also don't know if it's possible to edit that fee or not. In the wallet I used, I didn't find that function, so I'm not sure how it works specifically.




First of all, I'm not saying that you aren't transparent with the information. I knew what the network fee would be before initiating the exchange; that information was readily available.

Therefore, I didn't question not knowing the fee. Because I knew. What I questioned was why the network fee was so high, considering the values ​​normally used.

The point was that the amounts indicated and charged were almost double the amounts actually paid in the sum of the two transactions. And one of those transactions I paid directly.

Either way, I'm not questioning transparency. The information provided beforehand is up to each user to decide whether to continue or not. They deserve praise for that.

I just think that if the entire network fee is actually spent on the transaction, it seems to me that they are paying extra fees.

Note, I am not an expert on this matter; I am only basing my information on what appears on the blockchain of the networks. I admit that there may be other things I am unaware of, as I am not used to using cryptocurrencies other than BTC. I could be completely wrong.

Ultimately, what I'm looking for is a logic behind these network fee values.

The case I analyzed is outlined here:
https://bt.irlbtc.com/view/5571363.msg66432604#msg66432604
https://bt.irlbtc.com/view/5574574.msg66432893#msg66432893

I'm referring to the processing fee, which, from what I understand, is the fee paid for transactions on the network.

However,  as b1ack mentioned, getting a swap stuck when trying to pay optimal fee isn't a good idea. It is good to overpay a little bit and spend a few extra cents and offer a better user experience.

PM me the swap ids.

I just went to try a swapping. And I was visiting from my phone, so it seemed to me that the website is not very responsive for mobile devices.

That is an issue way back before (almost a month ago already) when i used to test that site, so it seems it's still not resolved. Probably the admin is prioritizing the technical side of the site, related to coins, fee calculations. As for site's targeting users based on device info, i don't really agree since most users now browse on mobile, and even TOR already has mobile versions too..

Say I request a quote, this generated a deposit address. Would I be able to simply save this address and then make my spend 2 or 3 days, or even a week later? Will the swap still happen? Obviously at the new rate, not the quoted one. I'm just curious, as this gives a bit of flexibility. For example, I could backorder for several different deposit addresses, and give these out to people who want to pay me in these currencies, ensuring I receive BTC to my wallet.