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Topic: Magnr - World's First Bitcoin Savings Account (Read 4928 times)

full member
Activity: 235
Merit: 250
My accounting never matches Magnr. Always in their favor up to 10% discrpeancy
newbie
Activity: 12
Merit: 0
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.
full member
Activity: 224
Merit: 100
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..
legendary
Activity: 1630
Merit: 1000
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
legendary
Activity: 1974
Merit: 1007
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).
sr. member
Activity: 322
Merit: 250
This mine is not mine! My mine is mine!
I would rate their service as one of the top5 of the sites I've visited lately
donator
Activity: 848
Merit: 1078
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!
sr. member
Activity: 566
Merit: 250
Ok thanks.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
Hi is this site still going? no post since last month.

I'm fairly sure it is!
sr. member
Activity: 566
Merit: 250
Hi is this site still going? no post since last month.
donator
Activity: 848
Merit: 1078
September 17, 2015, 07:12:39 AM
#60
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.
hero member
Activity: 602
Merit: 500
September 16, 2015, 07:38:58 AM
#59
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.
legendary
Activity: 1176
Merit: 1017
September 16, 2015, 07:09:20 AM
#58
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.
tyz
legendary
Activity: 3346
Merit: 1530
September 16, 2015, 07:00:19 AM
#57
Site looks good, are there any positive or negative experiences so far? I consider to risk an little amount.
legendary
Activity: 1974
Merit: 1007
September 16, 2015, 05:55:51 AM
#56
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).
hero member
Activity: 994
Merit: 1000
PUGG.io
September 16, 2015, 05:36:36 AM
#55
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.
donator
Activity: 848
Merit: 1078
September 16, 2015, 04:55:05 AM
#54
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
legendary
Activity: 1736
Merit: 1029
September 15, 2015, 09:31:15 PM
#53
I'm not sure if I asked this before, but is there some sort of insurance/warranty for the coins we deposit?
legendary
Activity: 1974
Merit: 1007
September 15, 2015, 08:00:46 PM
#52
Is it 2.18% monthly and fixed?

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.
hero member
Activity: 602
Merit: 500
September 15, 2015, 07:43:17 PM
#51
Is it 2.18% monthly and fixed?

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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