Why are aggregators losing out to exchange swaps?

[Alpen]

I used Bestchange for years. Back in the day — like ten years ago — it was actually a solid service. It let you cash out to a bank card from pretty much any payment system in the world without any headaches.

I used to deal with Forex brokers, and they often limited profit withdrawals to a tiny list of e-wallets. That experience actually came in handy when crypto exchanges started popping up everywhere. I was doing arbitrage across different withdrawal systems and making decent money.

But honestly, over the years, the quality of Bestchange partners has really gone downhill. I’m talking about long wait times, getting refunds only after fighting with Support for hours, and even cards getting blocked because of "dirty money." The biggest issue, though? Bestchange can’t really do much if one of their partners decides to run off with a client's money.

That’s why I switched to exchange-based trading. Nowadays, almost every platform has built-in P2P with just as many payment options. The big difference is that the merchants are verified by the exchange. Plus, your funds are frozen in escrow until you personally confirm that the money has hit your account.
At least, that’s how Webmoney and Cryptomus work. That’s who I trust with all my Forex and crypto swaps these days. Zero stress.

[OmegaStarScream]

I'm not sure the comparison make much sense. You're comparing exchanges with exchanges aggregators? I don't remember the last time I used an exchange that's listed on BestChange, so I cannot comment on how good or bad they are, but... if that's an issue the solution would be just for them to implement strictier rules.

Obviously though, for someone who's willing to go through KYC and all of that... it does not make much sense to leave Bybit, OKX, Binance P2P platforms for a newly created/listed platform.

[Rikafip]

I'm not sure the comparison make much sense. You're comparing exchanges with exchanges aggregators? I don't remember the last time I used an exchange that's listed on BestChange, so I cannot comment on how good or bad they are, but... if that's an issue the solution would be just for them to implement strictier rules.

Obviously though, for someone who's willing to go through KYC and all of that... it does not make much sense to leave Bybit, OKX, Binance P2P platforms for a newly created/listed platform.

Don't mind him, he is shilling for some unknown exchange named Cryptomus, hence this thread.

He thinks that he is doing it in a smart way, but it's pretty obvious to anyone with some experience what's going on here.

[Oshosondy]

Everything is about competition, any one (I mean exchanges or things related used by crypto users) that is not fit will likely be cast out of the system. There are many exchanges in different form that have closed down because people are turning away from them to the ones that best solves people's problem.

Don't mind him, he is shilling for some unknown exchange named Cryptomus, hence this thread.

He is shilling for Webmoney also.

[Rikafip]

He is shilling for Webmoney also.

Nah I don't think so.

They are too big to employ a louzy shill here on bitcointalk, and this is his tactic, to mention some other names as well and not only Cryptomus, in order for his shills to look more "organic".

[Darker45]

Zero stress my foot!

If one wants to avoid having a hard time getting refunds only after fighting with support for days, weeks, or even months or even not getting it all, or problems related with blocked funds or frozen transactions because of dirty money, one should avoid custodial services that subscribe to the foolish idea that some Bitcoin are acceptable and some are not, like Cryptomus.

Surely, you also don't want to rest assured that since centralized platforms like Cryptomus is compliant with regulatory policies you won't be having any stress at all. That's false. As a matter of fact, Cryptomus is proud to be highly compliant. But you'd wake up one day reading the news that a fine of more than $176 million was meted out on the platform for violations related with Proceeds of Crime and Terrorist Financing.

[rat03gopoh]

I see a slightly frustrated writer, perhaps because you failed to collaborate with your favorite aggregator site (or is BestChange the nnn^th target)? Then you start your bad habit of comparing with several competing brands (even though BestChange isn't your actually competitor), and you don't like it when we criticize you.

However, unlike Binance and KuCoin, which were fined and have since left the Canadian market, Cryptomus continues to operate in Canada — a country known for issuing some of the most reliable licenses and maintaining the strictest regulatory oversight in the crypto industry.

but for some reason, you've chosen to fixate only on Cryptomus.

Be firm that your service isn't top-tier right now; your dreams are still too far off. You're going against the grain of opinion of some who prefer other exchanges. So stop comparing yourself...

and if cryptomus is anti-criticism, don't mention that brand in this hellish forum.

As a self-reflection (in case you forgot) , https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-22-eng

[hugeblack]

They are too big to employ a louzy shill here on bitcointalk, and this is his tactic, to mention some other names as well and not only Cryptomus, in order for his shills to look more "organic".

They attempted to create a sig campaign, but it was so poorly executed that their account was banned. They have AML policies, although the service's registration is unknown. There's more discussion about them here ---> https://asktom.cf/index.php?topic=5510461.msg64572287#msg64572287

[Rikafip]

They attempted to create a sig campaign, but it was so poorly executed that their account was banned. They have AML policies, although the service's registration is unknown. There's more discussion about them here ---> https://asktom.cf/index.php?topic=5510461.msg64572287#msg64572287

Ah I had no idea that they actually had signature campaign going.

So, since that failed they decided to use another "marketing method", but that one is not going any better either.

[God Of Thunder]

I'm not sure the comparison make much sense. You're comparing exchanges with exchanges aggregators? I don't remember the last time I used an exchange that's listed on BestChange, so I cannot comment on how good or bad they are, but... if that's an issue the solution would be just for them to implement strictier rules.

This makes no sense at all. Why will aggregators lose out to exchanges? The exchanges aren't competitors or aggregators. He could have compared the aggregator with another aggregator, an exchange with another exchange. BestChange is one of the old services, and they have been monitoring the exchanges for a long time. I am not sure if exchanges pay them to get listed on their platform, but I am certain the platform is still very popular, especially in Russia.

The exchanges have nothing to compare with the aggregators. This makes no sense at all.

[examplens]

This makes no sense at all. Why will aggregators lose out to exchanges? The exchanges aren't competitors or aggregators. He could have compared the aggregator with another aggregator, an exchange with another exchange. BestChange is one of the old services, and they have been monitoring the exchanges for a long time. I am not sure if exchanges pay them to get listed on their platform, but I am certain the platform is still very popular, especially in Russia.

The exchanges have nothing to compare with the aggregators. This makes no sense at all.

OP has mixed things up a bit. He is one of those who will blame Bestchange or any other aggregator, because some obscure exchange froze his coins. Quite a lack of understanding of how things work, that's why such things happen.

Something completely different is that some aggregators lower the criteria according to the exchanges they list on their service. Here I am primarily referring to Bestchange, which is already well known, but which also has a very bad review system, which has a significant effect on reducing its relevance.

[noorman0]

This makes no sense at all. Why will aggregators lose out to exchanges?

Yes, that sounds like comparing a car with a showroom.

-snip-
I am not sure if exchanges pay them to get listed on their platform, but I am certain the platform is still very popular, especially in Russia.

As far as I know, BestChange generates most of its revenue from trading commissions. However, visitors still have the option of signing up using their affiliate link or not. Such aggregators are actually help the OP's exchanger, not competing.

[coupable]

-snip-
I am not sure if exchanges pay them to get listed on their platform, but I am certain the platform is still very popular, especially in Russia.

As far as I know, BestChange generates most of its revenue from trading commissions. However, visitors still have the option of signing up using their affiliate link or not. Such aggregators are actually help the OP's exchanger, not competing.

I don't believe this is their only source of income. I think exchanges pay listing fees according to a set schedule, as I don't believe all exchanges listed on BestChange have a referral program unless it's specifically created to join BestChange. Whatever! Bestchange is the best aggregator imo for cryptocurrency exchangers and won't let plaftorms with bad reputation or rised suspisions to join whtever how much the reward.

[noorman0]

I don't believe this is their only source of income. I think exchanges pay listing fees according to a set schedule, as I don't believe all exchanges listed on BestChange have a referral program unless it's specifically created to join BestChange. Whatever! Bestchange is the best aggregator imo for cryptocurrency exchangers and won't let plaftorms with bad reputation or rised suspisions to join whtever how much the reward.

It's not a typical referral program, but an affiliate program that requires mutual agreement, and the profit sharing can be perpetual. This is just a common partnership model in digital marketing.
I just looked up their official statement, and my guess was correct.

We work with different schemes of afiiliate programs. What we were saying, that we do not accept fee for inclusion of new exchangers, we take the matter seriously and analyze various factors to make sure the exchanger is reliable, popular and trustworthy.

They precisely further tighten the post-listed requirements, if their statistics show that the performance or reputation of exchanger X is getting worse, the partnership is terminated.

[hugeblack]

This makes no sense at all. Why will aggregators lose out to exchanges? The exchanges aren't competitors or aggregators. He could have compared the aggregator with another aggregator, an exchange with another exchange.

This happens when exchanges aggregators place a NO KYC tag or a different exchange rate than what appears in exchanges. Based on this information, the user trusts the exchange and carries out the exchange transaction without reading the TOS or the exchange rate.

[examplens]

We work with different schemes of afiiliate programs. What we were saying, that we do not accept fee for inclusion of new exchangers, we take the matter seriously and analyze various factors to make sure the exchanger is reliable, popular and trustworthy.

They precisely further tighten the post-listed requirements, if their statistics show that the performance or reputation of exchanger X is getting worse, the partnership is terminated.

This is simply not true. Maybe that's the initial idea, but in practice, it's far from that.
Maybe in 2020, they seemed precise and with clear indications of the quality they were striving for, but it seems that now they are completely dedicated to affiliate profit
I remember this case https://asktom.cf/index.php?topic=3309245.msg65645878#msg65645878 scam accusations against go-go exchange, which somehow mysteriously disappeared like the review from this case on the BC page. In the meantime, Go-go was excluded from the BC listing a couple of times, but it was reactivated.

[Darker45]

This makes no sense at all. Why will aggregators lose out to exchanges? The exchanges aren't competitors or aggregators. He could have compared the aggregator with another aggregator, an exchange with another exchange.

This happens when exchanges aggregators place a NO KYC tag or a different exchange rate than what appears in exchanges. Based on this information, the user trusts the exchange and carries out the exchange transaction without reading the TOS or the exchange rate.

Right, aside from the fact that aggregators are often marketed as exchanges themselves. That sends the perception that aggregators are exchanges.

In addition, users do everything within the aggregator's domain. Unlike BestChange, many aggregators would let you do everything that you need to do without leaving their site. That makes it appear as if they're legitimate exchanges themselves, despite not providing their own liquidity and despite the actual trades happening outside the platform.

[dkbit98]

Aggregators are not losing anything, but maybe you have been using wrong kind of aggregators.
You should check out OrangeFren, Trocador, Intercambio, CypherGoat and stop using BestChange.
I have been using OrangeFen for a while, they are very active in bitcointalk forum, and I am happy with service they provide.
They are even offering OrangeFren partial guarantee for some exchanges.

[noorman0]

-snip-
Maybe in 2020, they seemed precise and with clear indications of the quality they were striving for, but it seems that now they are completely dedicated to affiliate profit

Yep, given their recent practice patterns, you might be right in your assumption, especially if they're no longer at the top of the heap and receive less public scrutiny.

I haven't paid much attention to them since they decided to withdraw their promotions on this forum; and that was the last time they strictly maintained their credibility and rated exchangers based on user reviews.

[Alpen]

Don't mind him, he is shilling for some unknown exchange named Cryptomus, hence this thread.

He thinks that he is doing it in a smart way, but it's pretty obvious to anyone with some experience what's going on here.

Nah, bro, I'm sharing my own experience. You can easily check the other threads on this forum to verify the problem I brought up.

But hey, how’s that casino shilling working out for you? How much do they pay? I'm new, just wondering how much you can really make with that kind of advertising.