Specific instructions for Exchanges
Supported Exchange Guide
This is an abbreviated list of global exchanges and some of the cryptocurrencies supported.
A coin must be supported by General Bytes to be listed on this worksheet.
This sheet will be updated periodically to include any comments (below).
IMPORTANT Strategy notes:
Block.io offers free API access, but the limits are unsuitable for use. You must subscribe to their paid access tiers to implement them as a Hot Wallet with CAS.
BUY Strategies:
Coinbase purchases require up to 5 business days to clear. Coinbase' default behavior is unpredictable. This limitation makes them unsuitable for Strategy "1" (buy on exchange and send crypto directly to a customer wallet).
Kraken requires "whitelisting" of wallets in their setup, which makes them unsuitable for BUY strategy 1 (coins are purchased on the exchange and sent to the customer directly from the exchange).
SELL Strategies:
When using "Strategy 2: sell coin on the Exchange", always bear in mind that the Exchanges will require a minimum of X confirmations before it will permit you to sell the customer's coin. Thus, you should keep enough BTC in your Exchange wallet to satisfy the immediate SELL amount a customer may submit. This will help prevent "NOT ENOUGH COINS ON EXCHANGE" transaction errors.
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