🤡 losing money with orinoco 🤡help idk if im doing it right (?

in LeoFinance5 months ago (edited)

i have nothing against orinoco BUT I DON'T UNDERSTAND WHY SO MUCH QWQ

In advance I want to let you know that this post is from my point of view as a customer of this site.

and I speak from my reality as a Venezuelan and the pain of paying 10$ or more fee to change hive/ HBD.
paypal and I don't even want to think about those who exchange BTC.

it is worth mentioning that when I started using orinoco the fees were not so high.

if you know of another platform that exchanges paypal to bs honestly, fast and at a good fee please let me know in the comments.

as if living in venezuela wasn't enough, cryptocurrency exchange websites don't help at all.

This is how I feel every time I make an exchange on Orinoco.io. 😒 XDDD okno

🤡 🤡 🤡 🤡 🤡 🤡 🤡 🤡 🤡 🤡 🤡



i want to change my paypal balance to bs
or keep that paypal balance subject to a value that does not change, in this page is the "nectar" a currency that its value is 1$.
1 nectar = 1 $ 1
great ... I understand up to here ... that of my 50 $ they charge me 6$ fee for changing it to nectar (which still seems very expensive to me).

in this first step ... out of 50$ I get 44$ in nectar ... ok

in order to get bs i need to convert paypal to nectar and then nectar to bs
and when I go to change from nectar to bs they charge me again another very high fee.

in the image below you can see in the box on the left that the quotation of 1 $ in my country is 1.828.660 BS and next to it I have the calculator 44$x 1.828.660 of NECTAR should be

80.461.040 BS




is what I end up getting ... from my earnings and my effort working and making commissions like there's no tomorrow

wtf orinoco D: ????

76.698.024.79 .....

this is what ... again i am charged for changing paypal to nectar and from nectar to bs

(you can't switch from paypal to bs directly)

3.763.016= 2$


help lol is this ok????

is it really the most economical and reliable?
I have my doubts because of how it was before ...
or maybe it was because I withdrew less amount of money in hive


I know PayPal charges a fee of $0.50 for anything below $24 and 2.30% for anything above between 25.00 – 100.00 USD its actually the amount with the highest fee. So if you factor that in this exchange has $1.15 taken from PayPal and then the exchange itself still has to add their fees to run

Not saying what they doing is good, just saying for them to run a profitable business they need fees.

I agree, obviously they should recover the amounts and possible losses during a transaction but sometimes D: it's too much ....
even with hive, depending on how much I'm going to withdraw they charge me from about 2$ onwards :C
QAQ I need someone to tell me if this is ok or if there are cheaper sites or if orinoco is really worth the money.

I just know that nobody works for free, working for free is considered slavery and it was abolished years ago.

If it's any consolation, I wanted to make a btc transfer and the commission was 10 dollars, and what I wanted was to activate a wallet and transfer 2 dollars in satoshis, this in an international cryptocurrency exchange

Yeah it's not worth doubt any BTC transfers under $100 if you are going to do small transactions it's better to use the Lightning network


Have you tried getting getting BTC in Binance paying with your PayPal balance and then exchanging the BTC to BS using Binance P2P??? I'm not 100% on how would bee the fees of this way, but is not that high for sure.

@orinoco What do you have to say about this?

dude I'm not looking for the site to respond to me, nobody put a gun to my head to use this site, they run their own rules.
therefore they decide how much to charge

it is simply my point of view as a person who has been on the site that... I see that every time the amounts are higher and higher :/ I don't expect it to be free, but friends from other countries, when they change to their currencies they don't lose much money.

they have their own calculations etc.
and I'm not going to debate that.

I speak from ignorance, but with the doubt that two years ago they were only charging $2/5 at the most.
The post was made to point out that they are charging more and more expensive :/

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