Hey guys, it's been a while I've written under the smartcash tag. Been pretty busy so couldn't stay in touch with you guys on discord as well.
I just wanted to do very quick review on the new exchange that you can buy smartcash on called Cryptowolf
It has the advantage of exchanging smartcash for a few other cryptocurrencies besides BTC. They are LTC, Ethereum if you wanna buy and if you wanna sell smart (stupid decision, don't sell at this point. HODL for god damn it's sake!!) you can directly exchange it for a whole bunch of different altcoins. The whole list can be found on their website.
But my issue with this exchange is the RIDICULOUSLY high fees, so high that marijuana is calling cryptowolf it's granddad for the moment!!
I'll do some math for you guys!!
At the time of writing this post, LTC is priced at $ 154.18
Smartcash is at $ 0.322833
At this rate, ideally 1 LTC should give us 478.398974 smarts. But let's face it, we don't live in an ideal world and we will actually be receiving less than this. Let's say we go down to as low as 450 smartcash for 1 LTC after adjusting for the fees. Do you know how much is cryptowolf giving you at this moment??!!
That's self explanatory!! That's Friggin' 106 smartcash lost in fees!! Unless they sort this issue out, I will definitely not be using this exchange to buy any smartcash and I will suggest you do the same. I think cryptobridge is doing fine at the moment so if you need to buy any, use that instead of cryptowolf. It has the smart/LTC pair as well.
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Peace!!