Topic: WEX.nz - page 28. (Read 62393 times)
I suspect that the US will still come after WEX if Cryptsy bitcoins or bitcoins traded from other thefts or frauds that took place under us jurisdiction are traded there.
Nice of them to carry out what they've promised. Since they have been honorable and done all the right things a think that old customers are going to return and have full confidence in their site running smoothly in the future.
However does anyone know how the tokens will work?
I know that they are being traded openly, but will these tokens be paid off in a lump sum or gradually along the way? Is there like a deadline for full redemption of these tokens or no?
However does anyone know how the tokens will work?
I know that they are being traded openly, but will these tokens be paid off in a lump sum or gradually along the way? Is there like a deadline for full redemption of these tokens or no?
May I ask what is the difference between USD and USDET ?Is there any policy or restriction to Usdet ?
USDET is the IOU tokens that BTC-e has issued.
As per their official announcements, these tokens can be traded freely. You should have tokens in your account right now if you had any sort of balance at BTC-e and didn't cash out early and get the 55% in liquid cryptocurrencies. You can either wait for BTC-e to redeem these tokens eventually or trade them now.
Personally i'd lean towards the first option. BTC-e has proven that they are here to stay and 100% legit, because if they weren't then they wouldn't have done such extensive recovery to their business and even reimburse anything at all.
I wonder how many shell corporations these guys have. I assume there has to be more than one for an exchange of the size they are working with with all the different processors.
I would think way less shell corporations than what the Pentagon used in it's arms trade funding with ISIS in Syria recently.
May I ask what is the difference between USD and USDET ?Is there any policy or restriction to Usdet ?
It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
What an epic load of crap.
WEX is not an anonymous company, it's licensed in Singapore and the address and contact details are there for all to see.
Stop spreading your FUD.
if they are not anonymous, can you name the owners? do you see an "about us" somewhere that shows the "WEX team" and maybe gives us some faces to look at? maybe a linkedin profile or two? these things are easy to come by for other major exchanges.
look, i loved btc-e, but let's not act as if WEX appears 100% above board. shell companies are great, and the owners are just as anonymous as ever. the last business address i recall seeing from btc-e was in malaysia -- what does it matter now?
it's licensed in Singapore and the address and contact details are there for all to see.
it's just a virtual office. it's typical btc-e, hiding behind shell companies. see here: https://enstoncorp.com.sg/
I wonder how many shell corporations these guys have. I assume there has to be more than one for an exchange of the size they are working with with all the different processors.
It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
What an epic load of crap.
WEX is not an anonymous company, it's licensed in Singapore and the address and contact details are there for all to see.
Stop spreading your FUD.
if they are not anonymous, can you name the owners? do you see an "about us" somewhere that shows the "WEX team" and maybe gives us some faces to look at? maybe a linkedin profile or two? these things are easy to come by for other major exchanges.
look, i loved btc-e, but let's not act as if WEX appears 100% above board. shell companies are great, and the owners are just as anonymous as ever. the last business address i recall seeing from btc-e was in malaysia -- what does it matter now?
it's licensed in Singapore and the address and contact details are there for all to see.
it's just a virtual office. it's typical btc-e, hiding behind shell companies. see here: https://enstoncorp.com.sg/
WEX is not an anonymous company,
Eh? what is the name of the owner of the company and why would they just post update in the russian section and also have this:
" “I do not consider myself guilty — The fact that I worked for BTC-e and did my job, it’s not justifiable to accuse me of it,” Vinnik explains to the news outlet Russia Today (RT). "
it's licensed in Singapore and the address and contact details are there for all to see.
Are you talking about this: " 77 HIGH STREET #09-11 HIGH STREET PLAZA SINGAPORE (179433) "
It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
They are also KYC/AML compliant so I'm assuming that every traders would have to submit all relevant information to them to prevent a similar incident. I consider this a smart move as well so that a shade of doubt will be erase from the new company. I think this is the issue they had with the now defunct BTC-E, which the Feds claim was designed so that criminals could do transactions.
I tried to deposit from advcash, "server error", and my balance 0...
I write for the support.
I write for the support.
It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
What an epic load of crap.
WEX is not an anonymous company, it's licensed in Singapore and the address and contact details are there for all to see.
Stop spreading your FUD.
It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.
But at least it won't be the US gov again, because they are not offering their products to them(smart move).
BTC-e rising from the ashes! A more beautiful sight, I do not recall! I'm glad that I held out and waited for the new exchange to open. Everything seems to be working smoothly. I won't keep all my funds here, but I will keep something there to trade and support the site.
I'm not sure what to think. I think they'll be around for a while. But if the FBI really wanted to come after them again, it would probably be after a year or two. Right? I mean, this is sort of uncharted territory!
Round 2 FIGHT!!!
I wonder if Wex will stick around for a while? Thoughts?
I wonder if Wex will stick around for a while? Thoughts?
I'm not sure what to think. I think they'll be around for a while. But if the FBI really wanted to come after them again, it would probably be after a year or two. Right? I mean, this is sort of uncharted territory!
Round 2 FIGHT!!!
I wonder if Wex will stick around for a while? Thoughts?
I wonder if Wex will stick around for a while? Thoughts?
I'm incredibly impressed to see such a nice renaissance of this exchange. Long live for developers!
Will wait little bit for things go normal and will use it again!
Will wait little bit for things go normal and will use it again!
Personally, I'm nervous to use the exchange due to their affiliation with the previous one. And they're pretty open about it too with the whole token distribution. Nevertheless, it's awesome to see them online again. I always loved their trading interface and trading engine -- always lightning fast and accurate.
And it's great to see that people are getting a good deal of their money back. I always considered BTC-e to be one of the most honorable exchanges and they haven't let me down in that respect. That damn FBI, though..... they could still come knocking.
Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
That's because a lot of fiat holders are jittery and trying to rapidly convert to crypto so the price gets bid up. It will settle after fiat people verify and can deposit/withdraw comfortably.
I'm hoping that this is the case. What is so interesting to me is that there seems to be a price correlation among exchanges facing the CIS countries. Exmo is also trading a couple hundreds of dollars higher than the western markets. My Ukrainian friend tells me:
Quote
in ukrainian exchange its actually 4200
i guess its russian correlation
also included CIS
i guess its russian correlation
also included CIS
So it seems that WEX.nz is still considered the dominant exchange for price discovery in the CIS countries. And the [hopefully temporary] price premium is more or less universal.
Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
That's because a lot of fiat holders are jittery and trying to rapidly convert to crypto so the price gets bid up. It will settle after fiat people verify and can deposit/withdraw comfortably.
Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
I'm incredibly impressed to see such a nice renaissance of this exchange. Long live for developers!
Will wait little bit for things go normal and will use it again!
Will wait little bit for things go normal and will use it again!
Guys, what's your plan about the tokens?
Hold, trading, selloff to reduce losses.
If I am not mistaken, they cannot be traded above their rightful value ( 1btc=1btctoken ) or, something like, WEX will redeem tokes at max their rightful value 1:1
Hold, trading, selloff to reduce losses.
If I am not mistaken, they cannot be traded above their rightful value ( 1btc=1btctoken ) or, something like, WEX will redeem tokes at max their rightful value 1:1
Well, of course they can't trade above the face value. Who would pay more than that? They are worth (face value) - (time to be repaid) - (chance of not being repaid). That's my take on it, anyway.
As for plans... I hate to offer advice. I think they might be pumped and dumped like the BFX tokens were, so it might be possible to get a good deal of your money back without waiting too long. But who knows? They could collapse, too. If you hold them, then pray for no bad news.
Jump to: