Paxum and coinexchanger.com | Bitcointalksearch.org

BitcoinAndie

newbie

Activity: 46

Merit: 0

Quote from: CoinExchanger on February 12, 2012, 10:03:33 PM

Quote from: Serge on February 12, 2012, 04:46:08 PM

"We do not deal with traditional banking instruments."

I will answer in two words. Liberty Reserve.

Visit, www.coinexchanger.com

The US market for Liberty Reserves is costly, cumbersome and lacks liquidity. It makes no sense for most US-based BTC holders to deal in LRs unless you have a book of global trades (.de or -ex) in and out of that instrument. And even then it's problematic since .de only deals in LR-EUR and not LR-USD which means yet another transfer point and thus more fees!

Serge

legendary

Activity: 1050

Merit: 1000

Quote from: CoinExchanger on February 12, 2012, 10:03:33 PM

Quote from: Serge on February 12, 2012, 04:46:08 PM

"We do not deal with traditional banking instruments."

- do you keep fiat currencies in caves? and how your customers are able to deposit/withdraw fiat currencies?

"We will never have our funds locked or frozen."

- please explain how you achieve that and how can you guarantee it?

I will answer in two words. Liberty Reserve.

Visit, www.coinexchanger.com

so you are purely dependent on 3rd party and are saying it's not the same as it was with Paxum for other exchanges..
I still don't understand how you can claim "We will never have our funds locked or frozen." when yours and your customers funds at hands of a 3rd party or maybe I just don't understand something about LR

I tried setting up LR account a while ago, didn't see any direct methods of getting funds in and out from the US, their site recommended using some other expensive 3rd party exchanges for loading/unloading funds from other online wallets and payment services at which point I gave up, to me that system besides being more complicated also seemed too offshore-ish in addition to being fairly costly.

good luck with your exchange but I personally won't touch LR

CoinExchanger

member

Activity: 76

Merit: 10

Quote from: Serge on February 12, 2012, 04:46:08 PM

"We do not deal with traditional banking instruments."

- do you keep fiat currencies in caves? and how your customers are able to deposit/withdraw fiat currencies?

"We will never have our funds locked or frozen."

- please explain how you achieve that and how can you guarantee it?

I will answer in two words. Liberty Reserve.

Visit, www.coinexchanger.com

paraipan

legendary

Activity: 924

Merit: 1004

Firstbits: 1pirata

^This and i told you a while back that you have the "Buy" and "Sell" switched, on a real market that values reflect buy and sell orders not the price would cost you a bitcoin.

Serge

legendary

Activity: 1050

Merit: 1000

"We do not deal with traditional banking instruments."

- do you keep fiat currencies in caves? and how your customers are able to deposit/withdraw fiat currencies?

"We will never have our funds locked or frozen."

- please explain how you achieve that and how can you guarantee it?

jwzguy

hero member

Activity: 868

Merit: 1002

Coinexchanger - you might want to put a little info about your exchange up if you want more users.

I just checked your site and saw no information about:
What deposit methods are available and what the associated fees are.
(Yes, I saw the 5% withdrawal fee...is that $? Bitcoins? Both? Other currencies?)
What withdrawal methods are available and what the associated fees are.
What orders are currently on your books.
What your daily/weekly/monthly volume has been.
What policies/conditions users are agreeing to when using your exchange.
Where you are located.
If you have an API available and if so, what are the methods.

This is basic stuff.

MacRohard

full member

Activity: 212

Merit: 100

Quote from: CoinExchanger on February 12, 2012, 11:07:36 AM

We will never have our funds locked or frozen. We do not deal with traditional banking instruments. We are the future. We will never ask for your personal documents. We will never put a limit on how much you can withdrawal daily or monthly. We will never change.

Visit, www.coinexchanger.com

NOTE to Jered Kenna from tradehill. I warned you about Paxum... I told you!!

So how does someone pay coinexchanger then? I looked at the site but it doesn't say anywhere and I can't be bothered to create an account...

finway

hero member

Activity: 714

Merit: 500

Good for you!

CoinExchanger

member

Activity: 76

Merit: 10

We will never have our funds locked or frozen. We do not deal with traditional banking instruments. We are the future. We will never ask for your personal documents. We will never put a limit on how much you can withdrawal daily or monthly. We will never change.

Visit, www.coinexchanger.com

NOTE to Jered Kenna from tradehill. I warned you about Paxum... I told you!!

Topic: Paxum and coinexchanger.com (Read 1621 times)