Is Xapo a scam?? - page 11. | Bitcointalksearch.org

DARKANGEL6415

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Quote from: Xapo on December 19, 2014, 12:22:29 PM

Quote from: leesin on December 13, 2014, 09:29:14 PM

it isnt a scam, but anyone asking ssn though its asking for trouble.

like why ask ssn?

Hey guys,

David here, Community Manager at Xapo. Let me answer your concerns about providing your SSN. As with any website from which you purchase Bitcoins, we are required to verify your identity. This is an important part of a common process you might be familiar with, known as “Know Your Customer” (KYC), which prevents unknown individuals from using Bitcoin for illegal activity like money laundering. Xapo only asks for the last 4 digits of your social security (SSN) in order to complete the identity verification process. Xapo is not a lender of currency and you will never be asked to provide your full social security number (unlike some other sites...). We therefore cannot, and will not, perform a credit check on any Xapo customer.

Any other questions about Xapo's reputation, I'm here to answer! - David

FOR the love of god please provide cards for people in the USA while we are not the biggest population we sure do love to spend thing of how much you can make in US market

ligeros

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Quote from: Xapo on December 19, 2014, 12:22:29 PM

Hey guys,

David here, Community Manager at Xapo. Let me answer your concerns about providing your SSN. As with any website from which you purchase Bitcoins, we are required to verify your identity. This is an important part of a common process you might be familiar with, known as “Know Your Customer” (KYC), which prevents unknown individuals from using Bitcoin for illegal activity like money laundering. Xapo only asks for the last 4 digits of your social security (SSN) in order to complete the identity verification process. Xapo is not a lender of currency and you will never be asked to provide your full social security number (unlike some other sites...). We therefore cannot, and will not, perform a credit check on any Xapo customer.

Any other questions about Xapo's reputation, I'm here to answer! - David

Hi David,
It's great you appeared on bitcointalk.
I'd advise you to create official Xapo tread in Service Discussion subforum.

Xapo

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Quote from: leesin on December 13, 2014, 09:29:14 PM

it isnt a scam, but anyone asking ssn though its asking for trouble.

like why ask ssn?

Hey guys,

David here, Community Manager at Xapo. Let me answer your concerns about providing your SSN. As with any website from which you purchase Bitcoins, we are required to verify your identity. This is an important part of a common process you might be familiar with, known as “Know Your Customer” (KYC), which prevents unknown individuals from using Bitcoin for illegal activity like money laundering. Xapo only asks for the last 4 digits of your social security (SSN) in order to complete the identity verification process. Xapo is not a lender of currency and you will never be asked to provide your full social security number (unlike some other sites...). We therefore cannot, and will not, perform a credit check on any Xapo customer.

Any other questions about Xapo's reputation, I'm here to answer! - David

DARKANGEL6415

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Quote from: mlferro on December 17, 2014, 12:22:48 PM

Quote from: ligeros on December 11, 2014, 01:42:01 PM

The message "You don't have enough funds to send the amount entered." appears sometimes. Just wait and withdraw will work again.

I'm not sure are they scam or not. I just don't like this wallet.
They attracted people offering +50% to every faucet bonus, but to withdraw money you have to verify your phone number. It's small cheating IMO.

I created a xapo account, about two months atraz.
and have been putting satoshis it. one day I tried to make a withdrawal, and this message appeared !!!
I was very disappointed, I tried several other times the withdrawal, did not work.

what was the amount you was trying to take out i ask since sounds like funds comming from a faucet. If so i wonder if they have a minimal amount to take out bitcoin

mlferro

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Quote from: ligeros on December 11, 2014, 01:42:01 PM

The message "You don't have enough funds to send the amount entered." appears sometimes. Just wait and withdraw will work again.

I'm not sure are they scam or not. I just don't like this wallet.
They attracted people offering +50% to every faucet bonus, but to withdraw money you have to verify your phone number. It's small cheating IMO.

I created a xapo account, about two months atraz.
and have been putting satoshis it. one day I tried to make a withdrawal, and this message appeared !!!
I was very disappointed, I tried several other times the withdrawal, did not work.

DARKANGEL6415

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Quote from: Nami on December 16, 2014, 06:30:20 PM

Quote from: mordekaiser on December 16, 2014, 06:03:28 PM

uh, any website asking for ssn is asking for a identity theft.

outside from legit sites like verizon,tmobile, and other services that do need to run a credit check..but for bitcoin? please...

its not just this site that also asks for it, its also sites like are credit card based purchase sites.

like trucoin or the others out there as well.

i see what you are saying but even coinbase asks for social to verify information and they been around for a while. In any case like i said i dont worry about it as my name in financial world is nothing lol just a poor immigrant lol sad but true

Nami

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Quote from: mordekaiser on December 16, 2014, 06:03:28 PM

uh, any website asking for ssn is asking for a identity theft.

outside from legit sites like verizon,tmobile, and other services that do need to run a credit check..but for bitcoin? please...

its not just this site that also asks for it, its also sites like are credit card based purchase sites.

like trucoin or the others out there as well.

mordekaiser

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uh, any website asking for ssn is asking for a identity theft.

outside from legit sites like verizon,tmobile, and other services that do need to run a credit check..but for bitcoin? please...

DARKANGEL6415

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Quote from: karlb187 on December 11, 2014, 06:50:47 PM

I dont like Xapo because they ask all members to verify fully with them before you can cashout any faucet earnings. Sad

I wasted a cashout from a faucet because I did not know they wanted my SSN Undecided

Xapo is a waste of time and a risk.

i am in the USA and i signed up for this thinking people in the USA would be getting a card. I was shocked to see they not offering cards in the USA am not sure as to why not but it is a major problem i think. Is there any other cards out there that let people in the USA get them and have low fees to use / get card. Also a company that has been around for a while and is registered and some kind of regulation would be good. I really dont know why places like coinbase cant just offer customers a BTC debit card to use would be awesome. Wink As to the social security they can have it my credit is such shit 367 LOL that if they can manage to get some kind of loan by all means go ahead i will take a cut of that action lol. Also there is a reason as to why sometimes people complain about where they live but never moved and stay in the middle of nowhere so if they want to steal the identity then by all means they can have the criminal record and warrants to go with it and pay the child support haha. I also got that lifelock service that was bought for me like 3 years ago mother in law bought me 10 year paid upfront subscription but i would just be like yup thats me over seas let them have my life for a bit Tongue

crazyearner

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I signed up but then it asked you to provide documents before you can use their site so I doubt ill be submitting any info any time soon.

leesin

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#feelthebern

it isnt a scam, but anyone asking ssn though its asking for trouble.

like why ask ssn?

letyouearn

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Its better to use only trusted and safest bitcoin wallet than trying newly launched btc wallets.

kassadin

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any site asking for ssn is asking to get their identity stolen and sold off to be abused.

you dont want a negative credit plus other crap that deals more paper work to say it wasnt you.

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I dont like Xapo because they ask all members to verify fully with them before you can cashout any faucet earnings. Sad

I wasted a cashout from a faucet because I did not know they wanted my SSN Undecided

Xapo is a waste of time and a risk.

karthus

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i dont think any wallet is safe outside from the actual desktop wallet.

look at this reddit link about blockchain users, every so often theres always a huge incident with only blockchain wallet users

http://www.reddit.com/r/Bitcoin/comments/2nkias/this_is_a_list_of_rbitcoin_users_who_had_their/

larsonX

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Xapo its working great for me so far. The problem you describe is when you have less than 10.000 Bits in your account. They requested this as way to ensure that the miner fees are covered when you transfer to the blockchain.

They are not a scam, actually they are one of the most well funded Bitcoin startups in the Sillicon Valley. Way more secure and more reputable than Blockchain or the cocky asses of Coinbase.

Larson

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Quote from: jinxx on December 11, 2014, 04:38:17 PM

never heard of it till now. why try other wallets when theres blockchain.info and stuff lol.

xapo is a new wallet

but as you said blockchain is much much better and safer!

jinxx

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never heard of it till now. why try other wallets when theres blockchain.info and stuff lol.

rammy2k2

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i heard and readed only bad things abt xapo ; i dont say they are scam, but for sure they dont provide good service

ligeros

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Quote from: Snatdard usre on December 11, 2014, 01:56:28 PM

Thanks for reply. How long did you wait for the withdrawal to work again?

Once it was more than one week.
I'll ask my friends does Xapo withdraw works for them today.

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