Q:
Hidden costs in gold/diamond exchange?
A:
Kind of. Trading from one to the other and then back will not get you what you started with. It’s not exactly a “hidden fee” it’s just that the exchange rates are different.
For example, 100 gems = 2g 72s 27c, but trading that back into gems results in 71 gems.
That’s a great question OP!
Why is there an exchange differance? If I exchange dollars to euros then back again, if there’s no fee, I should get the exact amount back I started with.
That’s a great question OP!
Why is there an exchange differance? If I exchange dollars to euros then back again, if there’s no fee, I should get the exact amount back I started with.
Not the best example because you the exchange rate between $ and € isn’t equal.
(edited by RedStar.4218)
That’s a great question OP!
Why is there an exchange differance? If I exchange dollars to euros then back again, if there’s no fee, I should get the exact amount back I started with.
No, there’s a buffer between exchange rates to prevent/discourage currency flipping.
No, there’s a buffer between exchange rates to prevent/discourage currency flipping.
So Anet artificially lowers the gem to gold rate to prevent flipping but they claim they don’t manipulate the market…
Interesting.
No, there’s a buffer between exchange rates to prevent/discourage currency flipping.
So Anet artificially lowers the gem to gold rate to prevent flipping but they claim they don’t manipulate the market…
Interesting.
On the contrary, it’s a mechanism that prevents manipulation. Anet was smart to do this, because experienced investors like myself would have had a field day on playing the exchange.