Topic: Deleted - page 6. (Read 14462 times)

bump.

Why wait for what you could have today? Buy and sell bitcoin with same day delivery.

Up and running for the week of Jan 27! We will be adding a lot of coins tomorrow.

Thanks CoinRnr!  I usually don't write reviews unless I am very pleased or very disappointed.  Since this is such a new (and in the BTC world therefore risky) service, I felt it was my duty to report on my transaction.

I actually came across your site when I saw a listing of yours on localbitcoins (TerryCoin?).  I was about to make a purchase but you took the listing down just before I was able to submit it.  I was a bit disappointed until I saw the link to your site.

1) I submitted my purchase info (email address, BTC address, how much to buy, etc.)
2) I went to the bank and made a deposit (using an out of state deposit slip)
3) I scanned and uploaded the receipt with my order number written on it.

After uploading the receipt I went to fill a glass of water.  When I got back, the transaction was already submitted to the BTC network!  I personally don't care about super fast service (since I wasn't spending them immediately), but I know that this is very important for many people, so for those that do care, it was very fast!  CoinRnr claims to send within 15 minutes, but I think I got mine in less than 1.

(Sorry if my "Cons" seem overly critical, but I wanted to find at least 5 things for each category and, to be honest, was a little hard. )

Pros:

• Easy to use and friendly UI
• Well written and easy to follow instructions
• No ID required (at least at my bank)
• 5% premium over Bitstamp (I believe this is what it came to on my order.)
• Small but very reasonable window of time to drive to the bank

--Overall, very good!--

Cons:

• Small hassle of having to scan/photograph a receipt (This is not a big deal to me whatsoever, but it's merely a note to those that find it inconvenient)
• Via Terms: "We reserve the right to cancel any transaction at any time prior to the release of bitcoin."  This is a policy that I do not like for one simple reason.  If the price goes up, are able to cancel a transaction with this clause.
• Via Terms: "In accordance with these policies, CoinRnr reserves the right to hold payments that appear suspicious until a suspicious activity report has been filed and cleared with law enforcement."  This has been addressed above in prior comments.  If this is in fact simply a requirement of AML/KYC, then there isn't really anything we can do about it.
• Lack of an escrow account on a 3rd party.
• New service with almost no known reputation. (Feel free to correct me if I am wrong.  That being said, everyone has to start this way!)

--Overall, reasonable!--


Overall rating

I highly recommend CoinRnr's service!  It's super new and therefore has almost no backing reputation, so of course be careful.  I obviously can't speak for anyone else, but my experience was smooth and pleasant!  Thanks again!

bump! 

The right to hold suspicious deposits is simply to comply with federal law. We will ONLY hold a deposit if we are filing a suspicious transaction report with FinCEN. Financial reporting is taken very seriously and is not something that can simply be thrown around as an excuse.

Noticed this disclaimer at the bottom of the page:

In compliance with AML regulations, we reserve the right to hold any deposits that appear suspicious.

So what exactly is "suspicious"? Seems like a pretty broad umbrella that enables you to hold cash if you so choose.

Closed.