I have some feedback regarding first time users making deposits. It seems that Buttercoin gets your phone number(s) and e-mail from the bank account you use to deposit, and then contacts you on these numbers or addresses. While I don't have a problem with this per se, I do think this needs to be disclosed prominently when a user is asked to give their bank info. Something like "to combat fraud we will use this bank login to gather the e-mail address and phone number on file with your bank account and contact you to verify this deposit."
I say this because it's a bit surprising and offputting to find out that Buttercoin has gathered more personal information than you realized you were giving it. While the FAQ does touch on your verification policies, it's not 100% clear to me and I don't think most users will be reading the FAQ before depositing. Again, if this level of verification is necessary due to either regulation or security concerns then that's fine, but I think users need to be more clearly informed.
Topic: US Bitcoin Exchange alternative, Buttercoin, launches (Read 1302 times)
Very nice site. Good luck with your project. I will check it out.
This post does not belong to bitcoin discussion.
Thanks for the heads up, where should I move it?
This post does not belong to bitcoin discussion.
Hi All,
This is Kevin from Buttercoin. I'll be happy to answer any questions you might have about our service.
This is Kevin from Buttercoin. I'll be happy to answer any questions you might have about our service.
This might be useful for me,bookmarking for later
Hi, I'm Cedric, CEO of Buttercoin.
Happy to announce Buttercoin is now publicly launching a US Bitcoin Marketplace, connecting Bitcoin buyers and sellers instantly.
Sign up at Buttercoin.com
With Buttercoin you can set your own prices when buying and selling Bitcoin, with no middle man to get in the way; and with US banking you can buy or sell Bitcoin up to 10X faster than with international Bitcoin exchanges.
Here are a few other things you might like about Buttercoin:
Send us your questions, gripes, comments, and tell us what you love about Buttercoin, we're listening.
Also, if you want us to add a feature, let us know, the more people who ask for it the faster we'll make it.
*We currently support US customers and are working to expand the countries we serve.
Happy to announce Buttercoin is now publicly launching a US Bitcoin Marketplace, connecting Bitcoin buyers and sellers instantly.
Sign up at Buttercoin.com
With Buttercoin you can set your own prices when buying and selling Bitcoin, with no middle man to get in the way; and with US banking you can buy or sell Bitcoin up to 10X faster than with international Bitcoin exchanges.
Here are a few other things you might like about Buttercoin:
- 0% trading fees in December
- Account verification in under 24 hours
- Bitcoin sellers get payment in 1 business day
- Funding via ACH clears in 2-3 business days
- Funding via Bank Wire clears same day / next day
- Excellent customer support, via email & phone; during Business hours requests are answered within 1 hour
- All users get direct access to our order book and liquidity
- OTC trading for large buyers and sellers (up to $10MM / day)
Send us your questions, gripes, comments, and tell us what you love about Buttercoin, we're listening.
Also, if you want us to add a feature, let us know, the more people who ask for it the faster we'll make it.
*We currently support US customers and are working to expand the countries we serve.
Sign up at Buttercoin.com
Jump to: