OrangeFren.com - instant, KYC-free, exchange comparison

[Potato Chips]

I'm confused about this. I noticed pegasusswap is tagged as "guaranteed never-kyc" but looking into this exchange's terms of service, they have the typical KYC/AML policies that says otherwise.



Snippet:

If requested, you agree to provide accurate and complete information for identity verification, including government-issued identification, source of funds, or other documentation deemed necessary.

Is this information outdated or you have an exclusive deal with them for your users? though I did see you mention it if it's exclusive in another exchange. 🤔

[ovcijisir]

I'd like to warn you about an issue you may be not aware of.

Yesterday I exchanged small amount of USDT (on Tron network) for BTC and used OrangeFren for exchange rate comparison.

First option was CCE.cash exchange with best exchange rate. But on their website, the exchange rate was different and MUCH worse.

So there is possibility that some exchanges manipulate data to display better exchange rates on OrangeFren than they actually  use.

I acted in haste and didn't check but I lost few dollars, on the other hand someone else could be burned pretty bad.

[OrangeFren]

I'm confused about this. I noticed pegasusswap is tagged as "guaranteed never-kyc" but looking into this exchange's terms of service, they have the typical KYC/AML policies that says otherwise.



Snippet:

If requested, you agree to provide accurate and complete information for identity verification, including government-issued identification, source of funds, or other documentation deemed necessary.

Is this information outdated or you have an exclusive deal with them for your users? though I did see you mention it if it's exclusive in another exchange. 🤔

Our users definitely won't be forced to do KYC with them

I'd like to warn you about an issue you may be not aware of.

Yesterday I exchanged small amount of USDT (on Tron network) for BTC and used OrangeFren for exchange rate comparison.

First option was CCE.cash exchange with best exchange rate. But on their website, the exchange rate was different and MUCH worse.

So there is possibility that some exchanges manipulate data to display better exchange rates on OrangeFren than they actually  use.

I acted in haste and didn't check but I lost few dollars, on the other hand someone else could be burned pretty bad.

Thank you so much for the report and I'm sorry that you took a loss! We'll be sure to investigate. They're a new service and could be playing tricks on us. If they fake their rate we'll delist them.

[ovcijisir]

~

I'd like to warn you about an issue you may be not aware of.

Yesterday I exchanged small amount of USDT (on Tron network) for BTC and used OrangeFren for exchange rate comparison.

First option was CCE.cash exchange with best exchange rate. But on their website, the exchange rate was different and MUCH worse.

So there is possibility that some exchanges manipulate data to display better exchange rates on OrangeFren than they actually  use.

I acted in haste and didn't check but I lost few dollars, on the other hand someone else could be burned pretty bad.

Thank you so much for the report and I'm sorry that you took a loss! We'll be sure to investigate. They're a new service and could be playing tricks on us. If they fake their rate we'll delist them.

Please tell me if you need any additional info (screenshots or session ID), I can provide it, so you can have more proofs.

There was a warning that it is a new service, but I acted recklessly without double check.

[OrangeFren]

~

I'd like to warn you about an issue you may be not aware of.

Yesterday I exchanged small amount of USDT (on Tron network) for BTC and used OrangeFren for exchange rate comparison.

First option was CCE.cash exchange with best exchange rate. But on their website, the exchange rate was different and MUCH worse.

So there is possibility that some exchanges manipulate data to display better exchange rates on OrangeFren than they actually  use.

I acted in haste and didn't check but I lost few dollars, on the other hand someone else could be burned pretty bad.

Thank you so much for the report and I'm sorry that you took a loss! We'll be sure to investigate. They're a new service and could be playing tricks on us. If they fake their rate we'll delist them.

Please tell me if you need any additional info (screenshots or session ID), I can provide it, so you can have more proofs.

There was a warning that it is a new service, but I acted recklessly without double check.

Yes, please DM me whatever you have. Either here on BTT or email ([email protected]) or on SimpleX

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Join us on the 3rd of July in Bucharest🇷🇴

👉 Sign up here: OrangeFren.com/event/25
👉 Or here: Meetup.com/bucharest-wizardswap-crypto-meetup/events/308666545/

🍕 We'll have FREE snacks for all 🧛‍♂️🧙‍♂️

[examplens]

First option was CCE.cash exchange with best exchange rate. But on their website, the exchange rate was different and MUCH worse.

This is interesting. The opposite happened to me. When I was redirected to the exchangers site, the swap rate was a little more favorable to me compared to what Orangefren was showing. Now I can't say with certainty which service it is, because I attributed it to the real-time rise in the price of Bitcoin.

btw. I've checked, swapping 0.01 BTC to USDT (ERC20), the first two "best" results are OctoSwap and Hellex. However, in real exchanges, they offer a much worse exchange rate.

[LoyceV]

Suggestion: When I search to exchange a certain amount, you link to the site with a referral id. But what's missing in the link is the trade pair I'm looking for, so I have to enter it again on the site. Could you add the trade pair to the link? That's what your competitor does.

Suggestion: your drop-down menu with coins has many duplicates: BTC is in there 5 times, LTC 4 times, and more. That list should be a lot shorter.

[OrangeFren]

btw. I've checked, swapping 0.01 BTC to USDT (ERC20), the first two "best" results are OctoSwap and Hellex. However, in real exchanges, they offer a much worse exchange rate.

I checked just now and they seemed ok, I'll keep an eye out for it.

Suggestion: When I search to exchange a certain amount, you link to the site with a referral id. But what's missing in the link is the trade pair I'm looking for, so I have to enter it again on the site. Could you add the trade pair to the link? That's what your competitor does.

We already do that for some exchanges, but most don't support it. We'll reach out to their teams and ask if there's an undocumented way of doing it.

Suggestion: your drop-down menu with coins has many duplicates: BTC is in there 5 times, LTC 4 times, and more. That list should be a lot shorter.

Ah, you're right! That's odd. On it.Fixed!

[examplens]

I checked just now and they seemed ok, I'll keep an eye out for it.

Check this, for example.



At the same time, on their website (using your referral link), it appears that they are trying to gain an advantage over other exchangers during the search process.

[dkbit98]

I am finding the same issue with some exchanges as other members reported before me.

In this example I checked rates on OrangeFren and Swapuz exchange gave me the best rates,
but when I was redirected to Swapuz website I found different rates, and I refreshed page several times to confirm.






It's interesting that sometimes I am getting better rates than it was reported on OrangeFren wesbite.
For example this happened with Hellex exchange, I selected swap from BTC to XMR.





So maybe there is some issue with OrangeFren, not with exchanges trying to trick anyone.

[examplens]

So maybe there is some issue with OrangeFren, not with exchanges trying to trick anyone.

It is also noticeable that the exchange rate differs for each trading pair. For example, USDT on the TRX network always has a less favorable exchange rate compared to the ERC20 token. Regardless of whether it comes via the OrangeFren calculator

[Trêvoid]

I am finding the same issue with some exchanges as other members reported before me.

In this example I checked rates on OrangeFren and Swapuz exchange gave me the best rates,
but when I was redirected to Swapuz website I found different rates, and I refreshed page several times to confirm.






It's interesting that sometimes I am getting better rates than it was reported on OrangeFren wesbite.
For example this happened with Hellex exchange, I selected swap from BTC to XMR.





So maybe there is some issue with OrangeFren, not with exchanges trying to trick anyone.

Thanks for the findings but for me i believe these inconsistencies are usually due to the aggregator OrangeFren data refresh speed and the fast-moving nature of crypto prices, rather than intentional manipulation by the exchanges themselves.

What i can say is always double-check rates directly on the exact exchange site before making a trade to ensure you’re getting the best deal.

[LoyceV]

I am finding the same issue with some exchanges as other members reported before me.
~
It's interesting that sometimes I am getting better rates than it was reported on OrangeFren wesbite.

i believe these inconsistencies are usually due to the aggregator OrangeFren data refresh speed and the fast-moving nature of crypto prices

I've seen such inconsistencies too often to blame it on data refresh speed.

Whenever I use a site to compare rates at instant exchangers, I'm looking for the one that gives me (say) 0.2% better rates. If there's a 1% variation between what's shown and what I get, it's kinda pointless.

[examplens]

i believe these inconsistencies are usually due to the aggregator OrangeFren data refresh speed and the fast-moving nature of crypto prices

I've seen such inconsistencies too often to blame it on data refresh speed.

Whenever I use a site to compare rates at instant exchangers, I'm looking for the one that gives me (say) 0.2% better rates. If there's a 1% variation between what's shown and what I get, it's kinda pointless.

It's not just Orangefren, I remember seeing something similar on Bestchange and exchanges listed on there.

To test one of the exchanges, for example, Swapuz. I downloaded their affiliate widget and added it to one of my sites. Here is how the conversion of 0.1 ETH to USDT (trx) looks on my site and their official site



vs official:


At the same time, the difference in the current rate for the ETH/USDT pair is obvious, which adds further confusion.

[OrangeFren]

i believe these inconsistencies are usually due to the aggregator OrangeFren data refresh speed and the fast-moving nature of crypto prices

I've seen such inconsistencies too often to blame it on data refresh speed.

Whenever I use a site to compare rates at instant exchangers, I'm looking for the one that gives me (say) 0.2% better rates. If there's a 1% variation between what's shown and what I get, it's kinda pointless.

It's not just Orangefren, I remember seeing something similar on Bestchange and exchanges listed on there.

To test one of the exchanges, for example, Swapuz. I downloaded their affiliate widget and added it to one of my sites. Here is how the conversion of 0.1 ETH to USDT (trx) looks on my site and their official site
...

Big thanks to everyone who reported the rate differences!
We've had a closer look over the weekend and decided to impose a 1% correction on fees we get from Swapuz.

Currently we check for new rates as soon as we fetch the previous batch.
Bare in mind we also interpolate, we can't query every amount, after all. It also wouldn't be a good design for user privacy to send a request for a quote every time a user searches for a pair, because if any of the exchanges we list had their query history compromised it would make it possible to timing-attack our users. Even if they didn't use that particular service.

[dkbit98]

Thanks for the findings but for me i believe these inconsistencies are usually due to the aggregator OrangeFren data refresh speed and the fast-moving nature of crypto prices, rather than intentional manipulation by the exchanges themselves.

Crypto prices have nothing to do with this since I am looking to exchange crypto for crypto,
and I refreshed my browser and used it at different times to confirm rates are not very accurate.
And it's not a small difference to have almost 2 XMR extra in my wallet.

Currently we check for new rates as soon as we fetch the previous batch.
Bare in mind we also interpolate, we can't query every amount, after all. It also wouldn't be a good design for user privacy to send a request for a quote every time a user searches for a pair, because if any of the exchanges we list had their query history compromised it would make it possible to timing-attack our users. Even if they didn't use that particular service.

Maybe you can add information for users that rates can be different than shown on orangefren website,
this should prevent support having to answer similar questions in future.

[LoyceV]

Bare in mind we also interpolate, we can't query every amount, after all. It also wouldn't be a good design for user privacy to send a request for a quote every time a user searches for a pair, because if any of the exchanges we list had their query history compromised it would make it possible to timing-attack our users.

That makes sense. But still, dkbit98's example showed a 4.5% difference. It makes me wonder how often you check those rates. According to CMC, XMR went up 0.91% in the past hour. If you checked more than an hour ago, your estimate could be almost 1% off already. Which makes me wonder if you check different exchanges at the same time per trading pair. If you checked XMR-BTC on exchange A an hour ago, and check it on exchange B now, there's a 1% difference already and you may show the wrong one for the best rate.

[OrangeFren]

That makes sense. But still, dkbit98's example showed a 4.5% difference. It makes me wonder how often you check those rates.

We check rates slightly more often than once per 5 min.


Stats for searches on OrangeFren.com in June

XMR: 40.20%
BTC: 25.23%
LTC: 9.99%
ETH: 7.17%
USDT: 5.58%
USDC: 2.49%
SOL: 2.10%
ZEC: 2.00%
BTCLN: 1.19%
TRX: 0.55%
XRP: 0.50%
DAI: 0.37%
BCH: 0.36%
BNB: 0.24%
ZANO: 0.15%
FIRO: 0.13%
TON: 0.10%

[Trêvoid]

Hello @OrangeFren

I have encountered something with minimum order requirements.



For example, OrangeFren.com showed a rate for swapping 1.0 LTC to XMR via Hellex, but when i contacted Hellex, i have learned that they have a minimum swap limit of 3 LTC.



i believe it would be helpful to display minimum order limits alongside search results, so users can immediately see if their wanted swap amount meets the requirements of each exchange.

[OrangeFren]

Hello @OrangeFren

I have encountered something with minimum order requirements.
i believe it would be helpful to display minimum order limits alongside search results, so users can immediately see if their wanted swap amount meets the requirements of each exchange.

Thank you for the report!
Our searches always take into account the mins and maxes for each service.

We've delisted Hellex and will re-add them when either they fix their responses (they previously had a good min amount field) or until we put together a conservative estimate of their min amounts ourselves.