Miko Matsumura

Evercoin - Safest cryptocurrency exchange and multicoin hardware wallet

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Evercoin is the safest crypto wallet and exchange. We provide a hardware wallet through integration with YubiKey. We are always non-custodial and users always maintain custody of their own keys. We provide easy non-custodial backup and recovery of wallets.

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Nick Abouzeid
Hi Talip! Cool product. What key differentiators are there between Evercoin and Shapeshift? Are you using the Shapeshift API on the backend to manage the conversion?
Talip Ozturk
@nickabouzeid Hi Nick. We don't use any third party API or tool for the conversion. All in-house. In addition to improving the user experience, we will closely work with new coin and tokens with custom needs or not heavily traded on the market. Here is an example: https://evercoin.com/zencash
Nick Abouzeid
@oztalip Cool! More competitors are always good. Appreciate your response & your different emphasis 🤗
Mike Ritchie
@nickabouzeid @oztalip What exactly is improved about the experience?
Miko Matsumura
@nickabouzeid @oztalip @mike_seekwell we give custody to the users and provide a mobile first multicoin wallet with integrated exchange experience
AK
Great Product! Was wondering how fast is the conversion? Like Changelly takes quite some time (sometimes hours) compared to shapeshift. How speedy would you say Evercoin conversion is compared to both? (without considering the confirmation times for coins) Also is the rate fixed when we click the "Exchange" button or can it change while the coins are being confirmed on blockchain?
Talip Ozturk
@0xethan exchange is done entirely through blockchains. So the speed depends on the confirmation speeds of the blockchain. BTC takes about 10 minutes to confirm a transaction. ETH/ETC will take around 7 seconds, XRP is about 3 seconds.
Talip Ozturk
@0xethan if you send the exact deposit amount in 10 minutes, even if it takes 30 minutes to confirm, you get the exact promised amount. If we receive a different amount than the deposit, we do recalculate when confirmed.
Gordon Tindall
Hey Talip, so there are no fees, but it looks like you may be selling coins at below market rate and taking the difference. Essentially arbitrage. What exchange are you basing the transactions (and price) off of? How are you deciding which coins to add?
Talip Ozturk
@_gordee we don't mean there is no fee. Fees are all backed into the price there is no fee that can change your receive amount. You will receive exactly the amount we promise. No surprise. We changed the wording in our FAQ to make it clear. We don't use an external exchange for the transactions. It is all in-house but for the pricing 3 external price feeds are used. Plus our risk calculation algorithm. Coins with high market capitalization and high trade volumes are added first then we listen to our users.
Halil Akın
I have been using them a lot recently, they always offer the best prices compared with Shapeshift.io and Changelly. Haven't had a single issue so far.
Miko Matsumura
@halil_akin thank you
Tarun Gangwani
1) Is Evercoin based off the DNT platform, or something custom? 2) How are you going to make money if no fees?
Tarun Gangwani
BTW I tried this with a trading pair across a paper wallet and an exchange and it worked within a minute and executed flawlessly. Experience was similar to shapeshift but no mining fees is pretty awesome.
Talip Ozturk
@tarungangwani happy to hear that we had positive experience. That is the only way we can gain your trust.
Talip Ozturk
@tarungangwani What is DNT? Evercoin is entirely custom, we don't use any third party exchange. In the price we give, all fees (our fee and miner/network fees) are all baked in. The price we give is exactly what you will receive in your wallet. No surprises.
Tarun Gangwani
@oztalip The District Network people were talking about enabling other exchanges; figured this may have been one of them. Ah -- so people still pay network/miner fees but they don't see that? It would at least be useful to see that in a tooltip or something where people can get a transparent idea of what is going on...
Talip Ozturk
@tarungangwani FAQ is updated to make it clear. We will work on the tooltip or something similar to make it transparent. Thanks for the feedback.
Bruno Skvorc
Your conversion rate spreads are bit out of whack, especially considering there are more trusted, established exchanges (Bittrex) out there - even decentralized ones (Etherdelta) - which deal in esoteric alt coins as well. What exactly sets you apart?
Miko Matsumura
@bitfalls we give custody to the user, which is a pretty big deal. Also we are a mobile first product.
Jose Garay
Neat approach and probably a good step contributing to enlarge cryptocurrency adoption!
Talip Ozturk
@joselfgaray Thanks!
Comic-CONnor
Super clean UI! Any plans for a tethered crypto like USDT? Also, any plans for a API?
Talip Ozturk
@connorgutman thanks!! API? absolutely! it will be ready soon. Fiat currency? absolutely not. USDT? maybe, didn't think as much.
Comic-CONnor
@oztalip My biggest complaint about services like Shapeshift and Blocktrades is that there's no tethered option to exchange crypto into. I think I speak for a lot of people when suggesting that (once the API is released of course) you'd gain support and business by accepting USDT/BitShares/Some other tethered non-fiat currency. Think of the bots! 🤖
Miko Matsumura
@connorgutman we are looking into adding a stable coin soon, possibly USDC
Ram Rayavarapu
Right on time, Elegant UI. Congrats! I have been looking to bet on Cryptos. All GURUs here, which currency should the current investors look into?
Talip Ozturk
@ram_rayavarapu thanks Ram. I am very good at product design but not as much at crypto investment but I like the usual suspects plus Ripple, Civic and Filecoin.
Ram Rayavarapu
@oztalip Thanks for that info.
Ouriel Ohayon
How competitive are your rates compared to ShapeShift? Or even Coinbase?
Talip Ozturk
@ourielohayon Coinbase is super expensive and limited to exchanging ETH, BTC and LTC. Our rates are quite competitive and easy to compare. We think that the support is as important as the rate. So we offer live anonymous chat during your exchange so that we can answer questions or react quickly when needed.
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