Topic: Magnr - World's First Bitcoin Savings Account (Read 4984 times)
My accounting never matches Magnr. Always in their favor up to 10% discrpeancy
http://companydb.uk/10232951-magnr-ltd#.V44izxJGQyY
Magnr Ltd is a Private Company Limited by Shares first registered on 15 June 2016.
Company Registration Number: 10232951 - not 08849225 on their site.
Financial Summary
No financial data available
Previous Names
No previous names
http://companydb.uk/handlers/filing.php?doc=MzE1MDczMDI4MmFkaXF6a2N4®=10232951
Statement of Capital
Shares 100 x 0,01 GBP
Aggregate Nominal Value 1.00 GBP
Company Number 08849225 is Coins.sx Ltd. on same adress. Same guys Joe Lee and Kwok Man.
Who holds domain MAGNR.COM it's not clear.
Magnr Ltd is a Private Company Limited by Shares first registered on 15 June 2016.
Company Registration Number: 10232951 - not 08849225 on their site.
Financial Summary
No financial data available
Previous Names
No previous names
http://companydb.uk/handlers/filing.php?doc=MzE1MDczMDI4MmFkaXF6a2N4®=10232951
Statement of Capital
Shares 100 x 0,01 GBP
Aggregate Nominal Value 1.00 GBP
Company Number 08849225 is Coins.sx Ltd. on same adress. Same guys Joe Lee and Kwok Man.
Who holds domain MAGNR.COM it's not clear.
I cant login, I always get a login failure because I get a message of "session expired", please relogin but when I do.. I get the same message..
I would rate their service as one of the top5 of the sites I've visited lately
Not sure what website you are using. The Magnr I deal with is buggy, doesnt let me login half the time, and when it does it shows me all the variables text for my account rather then useful info
Hi is this site still going? no post since last month.
I'm fairly sure it is!
Yes, we've been around for coming up to three years now with no intention of stopping! At Magnr we just wished Bitcoin adoption would go quicker already!
At this point you officially pay more than Bitfinex, too. Their swaps are down to ~1.5% APR if you're lucky (usually closer to 1% or less, due to waiting periods).
I would rate their service as one of the top5 of the sites I've visited lately
Hi is this site still going? no post since last month.
I'm fairly sure it is!
Yes, we've been around for coming up to three years now with no intention of stopping! At Magnr we just wished Bitcoin adoption would go quicker already!
Ok thanks.
Hi is this site still going? no post since last month.
I'm fairly sure it is!
Hi is this site still going? no post since last month.
Site looks good, are there any positive or negative experiences so far? I consider to risk an little amount.
From my experience withdrawal takes some time to to be released.
This is correct waterpile. Each and every withdrawal is subject to human audit to maximise security. Something we take very seriously.
Site looks good, are there any positive or negative experiences so far? I consider to risk an little amount.
From my experience withdrawal takes some time to to be released.
Hmmm....Will check it out. I'm currently shopping around for a place to invest my unused coin at very little, to zero, risk. This site will be on my "to research more" list.
Site looks good, are there any positive or negative experiences so far? I consider to risk an little amount.
I'm not sure if I asked this before, but is there some sort of insurance/warranty for the coins we deposit?
Hey monbux.
Our storage partner BitGo provides a basic level of theft insurance, as detailed here:
https://www.bitgo.com/insurance
We currently do not provide additional insurance against default of our exchange partners but have limited measures in place to mitigate our client exposure to them. Please be aware of this.
Additionally, deposited funds are internally segregated by risk so that we are never taking more risks with our client holdings then we need to.
Hope that answers your question
You are telling that on the theft of bitcoin you have taken insurance, but what about trading loss occurs, when you are going to trade with our Bitcoins deposited and you occur loss then who is going to bear that loss. you have taken only theft insurance.
and you are clearly telling that you havent taken additional insurance against default of our exchange partners, it means that if the default is being done and you lose you deposit bitcoins then we(depositor) are going to suffer the loss.
Then the key of profit is also very less and high risk loss. vey bad idea. better to keep my bitcoins in my cold wallet and i will trade if i gain profit ok even if i do loss , atleast i will be satisfied that i have done wrong trading and lost the bitcoins, instead of crying on invested scam.
They aren't trading using the bitcoins, so I don't get how they can lose coins through trading losses.
The defaulting scenario is a good question, though, and really, there are two failure points for that (Magnr itself and their partner).
I'm not sure if I asked this before, but is there some sort of insurance/warranty for the coins we deposit?
Hey monbux.
Our storage partner BitGo provides a basic level of theft insurance, as detailed here:
https://www.bitgo.com/insurance
We currently do not provide additional insurance against default of our exchange partners but have limited measures in place to mitigate our client exposure to them. Please be aware of this.
Additionally, deposited funds are internally segregated by risk so that we are never taking more risks with our client holdings then we need to.
Hope that answers your question
You are telling that on the theft of bitcoin you have taken insurance, but what about trading loss occurs, when you are going to trade with our Bitcoins deposited and you occur loss then who is going to bear that loss. you have taken only theft insurance.
and you are clearly telling that you havent taken additional insurance against default of our exchange partners, it means that if the default is being done and you lose you deposit bitcoins then we(depositor) are going to suffer the loss.
Then the key of profit is also very less and high risk loss. vey bad idea. better to keep my bitcoins in my cold wallet and i will trade if i gain profit ok even if i do loss , atleast i will be satisfied that i have done wrong trading and lost the bitcoins, instead of crying on invested scam.
I'm not sure if I asked this before, but is there some sort of insurance/warranty for the coins we deposit?
Hey monbux.
Our storage partner BitGo provides a basic level of theft insurance, as detailed here:
https://www.bitgo.com/insurance
We currently do not provide additional insurance against default of our exchange partners but have limited measures in place to mitigate our client exposure to them. Please be aware of this.
Additionally, deposited funds are internally segregated by risk so that we are never taking more risks with our client holdings then we need to.
Hope that answers your question
I'm not sure if I asked this before, but is there some sort of insurance/warranty for the coins we deposit?
I might put some of me monies here.
*
edit, just got my answers in my e-mail.
I noticed this:
The e-mails says: The maximum amount you can earn interest on is 10 bitcoins but in the Magnr website states: interest can only be earned on a maximum of 20 BTC. Deposits greater than 20 BTC will only earn interest on 20 BTC.
It was just raised to 20 so probably hasn't been updated on the site yet.
I might put some of me monies here.
*
edit, just got my answers in my e-mail.
I noticed this:
The e-mails says: The maximum amount you can earn interest on is 10 bitcoins but in the Magnr website states: interest can only be earned on a maximum of 20 BTC. Deposits greater than 20 BTC will only earn interest on 20 BTC.
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