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Title: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: Stephen Gornick on August 18, 2012, 11:35:27 AM I happened across this press release:
Quote July 16, 2012 NEW PAYMENT SYSTEM FOR LITEFOREXS CLIENTS LiteForex group of companies is offering its clients a new method of depositing into a trading account and withdrawing funds. Now you have the opportunity to use the Bitcoin system. Bitcoin is a cryptocurrency using peer-to-peer technology. This system has a number of advantages; the main ones are autonomous work with no centralized authority, high security, and absolute anonymity when making payments. To deposit in the account via Bitcoin system, you need to be logged-in in the system. Please be aware that withdrawals of funds are allowed only through Bitcoin in case you used this system for depositing in the account. I haven't used them. They are based out of Russia. They do claim to have representatives in a number of countries: - http://www.liteforexpartner.com/contacts/representative Here is a profile: Quote The largest Forex the broker of Russia, known low deposits for beginning traders. - http://www.pro-master.org/en/forex/liteforex/reg.htm Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: Coinbuck @ BTCLot on August 18, 2012, 12:21:29 PM There are also a huge number of complaints regarding LiteForex.
Just search for it, it won't take long to see the results popping up. Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: Endgame on August 18, 2012, 01:17:14 PM If this is the first forex site accepting bitcoin as a payment method this is a pretty major development. Forex is a huge potential market for bitcoin imo. That said, i'd probably prefer to use a forex site not based out of russia
Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: ColdHardMetal on August 18, 2012, 01:22:53 PM If this is the first forex site accepting bitcoin as a payment method this is a pretty major development. Forex is a huge potential market for bitcoin imo. That said, i'd probably prefer to use a forex site not based out of russia I seem to recall there being another one quite awhile ago, but it may have been proven to be a scam. I believe they also converted your deposit to USD, so there was quite a lot of currency risk just in depositing. Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: Sergio_Demian_Lerner on August 18, 2012, 01:35:11 PM Quote July 16, 2012 ... Please be aware that withdrawals of funds are allowed only through Bitcoin in case you used this system for depositing in the account. Does this mean that you canīt buy USD with Bitcoins and withdrawal USD? But is seems you can deposit USD and withdrawal Bitcoins... Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: Stephen Gornick on August 18, 2012, 06:32:38 PM Quote July 16, 2012 ... Please be aware that withdrawals of funds are allowed only through Bitcoin in case you used this system for depositing in the account. Does this mean that you canīt buy USD with Bitcoins and withdrawal USD? But is seems you can deposit USD and withdrawal Bitcoins... I think it is the opposite. If you fund the account with bitcoins, that is the only method you are allowed to withdraw using. I think they do that so that they don't end up being used as an exchange that converts customer's bitcoin funds to and from other currencies. Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: capoeira on August 01, 2013, 04:36:38 AM anybody used this broker using Bitcoin?
Title: Re: LiteForex - Accepts bitcoin for deposits, withdrawals Post by: capoeira on July 25, 2014, 12:29:27 PM it seams, they are not acepting Bitcoin anymore; I haven't found the option
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