JokerChange - Exchange your cryptocurrencies quickly and easily - page 2.

jokerchange

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Quote from: Learn Bitcoin on June 04, 2024, 06:29:57 AM

Quote from: jokerchange on June 04, 2024, 05:01:44 AM

We have updated the rules.
The user can request the return of these parts if he does not want to submit to KYC only in case it should not be the case of illegal, criminal, money laundering or hacking activities as described in our rules.

Okay. That seems good to me.

Let's say I wanted to exchange some BTC for USDT, which I received from a mixer to protect my privacy, and currently, it is in my wallet. Later, the mixer was seized for some reason. But I received my money before the mixer was seized. Do you consider such funds to be tied to any illegal activities? There are a lot of forum members who have received their signature campaign funds from the mixers. But later, their service was seized. Do you consider this Bitcoin as illegal?

How do you identify illegal money? Is there are other criteria besides blacklisted addresses?

Let's say if you exchange your BTC for USDT and it comes straight from a mixing service, there may be a KYC request triggered.

On the other hand, if you have already exchanged your BTC on another platform with USDT and you wish to exchange your USDT into BCH again with JokerChange, KYC may not be required.

It all depends on the number of scores if one of the previous addresses is already blacklisted, as described in our AML/Rules.

Quote from: examplens on June 04, 2024, 09:41:58 AM

Quote from: jokerchange on June 04, 2024, 05:01:44 AM

We have updated the rules.
The user can request the return of these parts if he does not want to submit to KYC only in case it should not be the case of illegal, criminal, money laundering or hacking activities as described in our rules.

OK, this is a good direction, but there shouldn't be an "only in case" condition. There should not be any condition that you keep someone's money, just return it if you don't want to accept it in exchanging order.
You are not the SEC, or the FED, nor are you in charge of such things, plus it is a susceptible issue and it is very difficult to decide with certainty whether the funds came directly from some fraud activity or were only part of something illegal in the past.

We already have many instant exchanges and with most of them there is a risk of funds being blocked at some moments, if you would avoid this scenario it would make you stand out from this group.

You can still use JokerChange without KYC and exchange your cryptocurrencies without any problems.

We understand that it can be frustrating when a KYC can be triggered at any time.
Many exchanges are the same and can request KYC, such as ChangeNow, ChangeHero, StealthEX and Changelly.
We all have the same system, and we have our own as well.

examplens

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Quote from: jokerchange on June 04, 2024, 05:01:44 AM

We have updated the rules.
The user can request the return of these parts if he does not want to submit to KYC only in case it should not be the case of illegal, criminal, money laundering or hacking activities as described in our rules.

OK, this is a good direction, but there shouldn't be an "only in case" condition. There should not be any condition that you keep someone's money, just return it if you don't want to accept it in exchanging order.
You are not the SEC, or the FED, nor are you in charge of such things, plus it is a susceptible issue and it is very difficult to decide with certainty whether the funds came directly from some fraud activity or were only part of something illegal in the past.

We already have many instant exchanges and with most of them there is a risk of funds being blocked at some moments, if you would avoid this scenario it would make you stand out from this group.

Learn Bitcoin

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Instant cryptocurrency exchange with own reserves!

Quote from: jokerchange on June 04, 2024, 05:01:44 AM

We have updated the rules.
The user can request the return of these parts if he does not want to submit to KYC only in case it should not be the case of illegal, criminal, money laundering or hacking activities as described in our rules.

Okay. That seems good to me.

Let's say I wanted to exchange some BTC for USDT, which I received from a mixer to protect my privacy, and currently, it is in my wallet. Later, the mixer was seized for some reason. But I received my money before the mixer was seized. Do you consider such funds to be tied to any illegal activities? There are a lot of forum members who have received their signature campaign funds from the mixers. But later, their service was seized. Do you consider this Bitcoin as illegal?

How do you identify illegal money? Is there are other criteria besides blacklisted addresses?

jokerchange

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Activity: 12

Merit: 12

Quote from: examplens on June 03, 2024, 02:48:38 PM

Hey, welcome to the forum.
First, you need to know, don't make a new post consecutively for each reply, it can all fit in one post. At the same time, it is also against the rules of the forum.

Quote from: ?? on ??

However, if a person sends cryptocurrencies listed in a blacklisted database or the transactions appear suspicious and related to suspicious activity, JokerChange will automatically verify the funds and request KYC.
Yes, some users can be automatically blocked by KYC even if they are not linked to this, in order to maintain control and prevent some users from using the service to launder money.

Why don't you just refund the funds back, instead of blocking them?
The policy of freezing funds is certainly a bad decision, and the user should have confidence in you to give you their personal information and explain where the funds come from. For me, this is too much for someone without a well-known reputation, you can hardly deserve a recommendation.

btw. don't compare yourself to Binance, you are not the same type of exchange service.

We have updated the rules.
The user can request the return of these parts if he does not want to submit to KYC only in case it should not be the case of illegal, criminal, money laundering or hacking activities as described in our rules.

AB de Royse777

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Quote from: examplens on June 03, 2024, 03:27:13 PM

It's OK, you've just arrived, in time you'll get to learn the rules of the forum.

If I was not a campaign manager then I would not know how difficult the new members find it to make a post properly :-)

JokerChange first FREE RAFFLE ended yesterday and the user BABY SHOES won $50 from the raffle! Stay connected and support JokerChange. The next FREE RAFFLE will be launched on the next Sunday!

examplens

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Quote from: jokerchange on June 03, 2024, 03:12:16 PM

If the cryptocurrencies are related to terrorism or criminal illegal activities and the user does not want to undergo KYC, the cryptocurrencies will be confiscated and frozen without the possibility of recovering them.

I assume that you have the necessary authorizations for these types of "judgments & sanctions".

Quote from: jokerchange on June 03, 2024, 03:12:16 PM

Yes, we will do our best to answer correctly.
Sorry for the messages.
We didn't think it was possible to gather all the messages to make one ^^.

I reported to the moderator to merge them all into one post.
It's OK, you've just arrived, in time you'll get to learn the rules of the forum.

jokerchange

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Activity: 12

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Quote from: examplens on June 03, 2024, 02:48:38 PM

Hey, welcome to the forum.
First, you need to know, don't make a new post consecutively for each reply, it can all fit in one post. At the same time, it is also against the rules of the forum.

Quote from: ?? on ??

However, if a person sends cryptocurrencies listed in a blacklisted database or the transactions appear suspicious and related to suspicious activity, JokerChange will automatically verify the funds and request KYC.
Yes, some users can be automatically blocked by KYC even if they are not linked to this, in order to maintain control and prevent some users from using the service to launder money.

Why don't you just refund the funds back, instead of blocking them?
The policy of freezing funds is certainly a bad decision, and the user should have confidence in you to give you their personal information and explain where the funds come from. For me, this is too much for someone without a well-known reputation, you can hardly deserve a recommendation.

btw. don't compare yourself to Binance, you are not the same type of exchange service.

If the cryptocurrencies are related to terrorism or criminal illegal activities and the user does not want to undergo KYC, the cryptocurrencies will be confiscated and frozen without the possibility of recovering them.

We are very new and have nothing to do with Binance, we absolutely do not compare ourselves to Binance.

Yes, we will do our best to answer correctly.
Sorry for the messages.
We didn't think it was possible to gather all the messages to make one ^^.

---

We will put a short video 🎬 presentation of the JokerChange exchange that will show the stages of the exchange.

We have taken note of your comments ✍️.
Some of them have been taken into consideration, while others have not.

examplens

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Hey, welcome to the forum.
First, you need to know, don't make a new post consecutively for each reply, it can all fit in one post. At the same time, it is also against the rules of the forum.

Quote from: ?? on ??

However, if a person sends cryptocurrencies listed in a blacklisted database or the transactions appear suspicious and related to suspicious activity, JokerChange will automatically verify the funds and request KYC.
Yes, some users can be automatically blocked by KYC even if they are not linked to this, in order to maintain control and prevent some users from using the service to launder money.

Why don't you just refund the funds back, instead of blocking them?
The policy of freezing funds is certainly a bad decision, and the user should have confidence in you to give you their personal information and explain where the funds come from. For me, this is too much for someone without a well-known reputation, you can hardly deserve a recommendation.

btw. don't compare yourself to Binance, you are not the same type of exchange service.

jokerchange

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Activity: 12

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Quote from: JeromeTash on June 02, 2024, 03:20:48 PM

Quote from: jokerchange on May 31, 2024, 04:34:59 PM

There is a limit on JokerChange.
Maximum of 88.66 USDT (TRX) = Maximum of 88.66 BTC.
This means the exchange does not accept the above amount.

This is what I am suggesting

Maybe you should indicate the minimum and maximum limits right below the "you send" box instead of displaying them in the "You receive" box to avoid confusing a trader, especially someone new to your platform?
Let the "You receive" box display only the amount of coins the trader is going to receive

Don't worry, on the exchange page, the user will not be able to exchange if the amount exceeds this amount.
When the user clicks on the "Start exchange" button, nothing will happen.

Quote from: Z-tight on June 03, 2024, 05:52:16 AM

Quote from: ?? on ??

The exchange does not support segwit format yet, we may add it in the future so users can pay less network fees.

Any particular reason why you don't want to implement it now? If you are going to be successful in the industry, so many of your customers are going to request you support segwit addresses for deposit.

Quote from: ?? on ??

Concerning the addresses we use those of the exchanges so yes the addresses may have already been used.
It's like most cryptocurrency exchanges available on the market.

I know you have not advertised your service as a privacy one, but i believe it is still important that you provide a unique and one-time input address for deposit, so you get to attract customers that care about their privacy.

We take note of this ✍🏻.
Yes, it is for a particular reason.
For the moment, the SegWit addresses and the legacy addresses must remain separate.

Quote from: PX-Z on June 02, 2024, 06:18:42 PM

What country you are based in or having a licensed for regulatory compliance for you to ask KYC for AML? If you are not licensed platform as i didnt see any info on your site, whats the purpose of asking KYC?

We do not, under any circumstances, wish to be involved in money laundering or criminal activities.
We follow the laws described above and in our rules/aml.

Quote from: Learn Bitcoin on June 03, 2024, 12:45:45 AM

Welcome to the forum JokerChange!

The first thing I noticed is your ANN banner is not clickable. Just edit it and add your website URL so everyone can click on the images to check your website. I have checked your website already and am amazed by your exchange options. Not only a lot of cryptocurrency but a lot of networks as well. I am being honest, but only a few websites have that many cryptos with that many networks.

But I am curious to know more about your AML/KYC policy. Do you ask for KYC from all your users or just for suspicious users? Is there any limit like you ask for KYC if a user exchanges 5K USD or something like that? FYI, people do not want to use centralized exchanges for a reason: KYC hassle. If instant exchanges ask for KYC, why people would choose them over exchange like Binance?

Thank you for your comment 😊.

Do you ask for KYC from all your users or just for suspicious users?

JokerChange does not require KYC from all users.
Of course, you can exchange without KYC.

Binance requires KYC and an account to exchange cryptocurrencies directly.
At JokerChange, you do not need an account and can easily exchange your cryptocurrencies without sending KYC directly.

However, if a person sends cryptocurrencies listed in a blacklisted database or the transactions appear suspicious and related to suspicious activity, JokerChange will automatically verify the funds and request KYC.
Yes, some users can be automatically blocked by KYC even if they are not linked to this, in order to maintain control and prevent some users from using the service to launder money.

Z-tight

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Activity: 994

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Quote from: ?? on ??

The exchange does not support segwit format yet, we may add it in the future so users can pay less network fees.

Any particular reason why you don't want to implement it now? If you are going to be successful in the industry, so many of your customers are going to request you support segwit addresses for deposit.

Quote from: ?? on ??

Concerning the addresses we use those of the exchanges so yes the addresses may have already been used.
It's like most cryptocurrency exchanges available on the market.

I know you have not advertised your service as a privacy one, but i believe it is still important that you provide a unique and one-time input address for deposit, so you get to attract customers that care about their privacy.

Apocollapse

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I don't see any reason to separate Bitcoin from legacy address and Bitcoin from native segwit address when any type of address (legacy, segwit, native segwit, taproot) are compatible with each other.

I see your rate is quite competitive among other instant exchanges, but not the best. Since you're have mandatory KYC rules in your terms, it's not quite easy to promote your project on this forum.

Your exchange might not have the best rate, your exchange might not privacy oriented, but your exchange have a lot coins and many network selections which I think could be successful.

Learn Bitcoin

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Instant cryptocurrency exchange with own reserves!

Welcome to the forum JokerChange!

The first thing I noticed is your ANN banner is not clickable. Just edit it and add your website URL so everyone can click on the images to check your website. I have checked your website already and am amazed by your exchange options. Not only a lot of cryptocurrency but a lot of networks as well. I am being honest, but only a few websites have that many cryptos with that many networks.

But I am curious to know more about your AML/KYC policy. Do you ask for KYC from all your users or just for suspicious users? Is there any limit like you ask for KYC if a user exchanges 5K USD or something like that? FYI, people do not want to use centralized exchanges for a reason: KYC hassle. If instant exchanges ask for KYC, why people would choose them over exchange like Binance?

PX-Z

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What country you are based in or having a licensed for regulatory compliance for you to ask KYC for AML? If you are not licensed platform as i didnt see any info on your site, whats the purpose of asking KYC?

JeromeTash

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Quote from: jokerchange on May 31, 2024, 04:34:59 PM

There is a limit on JokerChange.
Maximum of 88.66 USDT (TRX) = Maximum of 88.66 BTC.
This means the exchange does not accept the above amount.

This is what I am suggesting

Maybe you should indicate the minimum and maximum limits right below the "you send" box instead of displaying them in the "You receive" box to avoid confusing a trader, especially someone new to your platform?
Let the "You receive" box display only the amount of coins the trader is going to receive

jokerchange

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Activity: 12

Merit: 12

Quote from: Z-tight on June 02, 2024, 12:01:07 PM

Welcome to the forum, in your AML & KYC laws, you say you can confiscate coins pending investigations if you consider the tx to be suspicious, do you mind sharing what could constitute a suspicious tx according to your policies, i believe this would help your prospective customers decide what they should and shouldn't do when they want to use your service.

Thank you for your assistance 😊 We strive to provide detailed explanations in our policy.

For instance 👉🏻
Addresses that have been mixed, addresses reported in abuse records, addresses with a high suspicious transaction score that have been reported multiple times.
Addresses associated with hacking and terrorism that are blacklisted.

Quote from: khaled0111 on June 02, 2024, 01:04:33 PM

I took a quick look at your exchange and one of the things I have noticed is that you use bitcoin legacy addresses for deposits. It's recommended to use segwit addresses not only because the cheaper transaction fee but also because using legacy makes your service looks outdated.

I also noticed that the provided btc address isn't a new one and it has many transactions! For privacy reasons, it's advisable to provide a unique address for each order.

The exchange does not support segwit format yet, we may add it in the future so users can pay less network fees.

Concerning the addresses we use those of the exchanges so yes the addresses may have already been used.
It's like most cryptocurrency exchanges available on the market.

Thank you for your advice 🙂 we will take note of it ✍🏻.

Quote from: PX-Z on June 02, 2024, 06:18:42 PM

What country you are based in or having a licensed for regulatory compliance for you to ask KYC for AML? If you are not licensed platform as i didnt see any info on your site, whats the purpose of asking KYC?

We do not, under any circumstances, wish to be involved in money laundering or criminal activities.
We follow the laws described above and in our rules/aml.

khaled0111

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I took a quick look at your exchange and one of the things I have noticed is that you use bitcoin legacy addresses for deposits. It's recommended to use segwit addresses not only because the cheaper transaction fee but also because using legacy makes your service looks outdated.

I also noticed that the provided btc address isn't a new one and it has many transactions! For privacy reasons, it's advisable to provide a unique address for each order.

Z-tight

hero member

Activity: 994

Merit: 1089

Welcome to the forum, in your AML & KYC laws, you say you can confiscate coins pending investigations if you consider the tx to be suspicious, do you mind sharing what could constitute a suspicious tx according to your policies, i believe this would help your prospective customers decide what they should and shouldn't do when they want to use your service.

AB de Royse777

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Bump!

jokerchange

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Quote from: JeromeTash on May 31, 2024, 04:11:18 PM

There is a bug in your exchange page

When I enter that, I want to exchange 10 BTC for USDT (TRX). According to the exchange rate, it shows that I will receive 669120.687466 USDT (TRX). When I enter 100 BTC, it shows that I will receive a maximum of 88.66 USDT (TRX)

Please correct this.

We take note of your comment, thank you for letting us know.

There is a limit on JokerChange.
Maximum of 88.66 USDT (TRX) = Maximum of 88.66 BTC.
This means the exchange does not accept the above amount.

JeromeTash

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Activity: 2338

Merit: 1261

Heisenberg

There is a bug in your exchange page

When I enter that, I want to exchange 10 BTC for USDT (TRX). According to the exchange rate, it shows that I will receive 669120.687466 USDT (TRX). When I enter 100 BTC, it shows that I will receive a maximum of 88.66 USDT (TRX)

Please correct this.

Topic: JokerChange - Exchange your cryptocurrencies quickly and easily - page 2. (Read 733 times)