Anchors with no liquidality

CryptoMediaNetwork

I wanted to sell my XRP for XLM that i have with VC bear.net in my stellar wallet, but right now there is nothing in the order book to buy and the difference in price of the little there is to trade is just silly. Same with tempo. They took all orders out the order book, and its not the first time they have done this when the markets are falling. If i had EURT i would be pissed off right now.

Hopefully with more adoption, this wont happen in the future.

bkolobara

CryptoMediaNetwork Liquidity was always a problem with the SDEX. It has improved a bit from a year ago and some anchors are better than others, but we have still a long way to go.

The good thing is that you can always pull out EURT to EUR through tempo and trade on another exchange. But I really wish liquidity would improve.

cryptobrant

CryptoMediaNetwork I think that Tempo creates the order book but they don’t update it very often. I always check the book before buying EURT.

CryptoMediaNetwork

bkolobara It would be much easier to buy XLM with EURT and send XLM to Binance and trade rather than mess about with getting fiat put on my bank card and then send it to an exchange, it all cost money. But if TEMPO had orders in the books like they normally do, then it wouldn't cost a penny and would be done in minutes rather than days........

cryptobrant

bkolobara how do you exchange EURT to EUR with Tempo? I’ve never done it and I’m curious. Thanks!

CryptoMediaNetwork

cryptobrant The order book was updated every minute or two up until a few days ago when the price of XLM started coming down fast. Iv been using EURT for months.

cryptobrant

CryptoMediaNetwork I’ve been using Tempo for months too but I’ve run into a stuck order book multiple times. I even contacted them about it a few months ago.

CryptoMediaNetwork

cryptobrant What did they say was the reason they did it?