Bitcoin Forum

Economy => Trading Discussion => Topic started by: cosmicboy on March 29, 2013, 04:35:43 AM



Title: Trying to Understand Aurum Exchange
Post by: cosmicboy on March 29, 2013, 04:35:43 AM
I need to pay someone in Liberty Reserve. I have bitcoin. I found aurumexchange and went to their exchange page. For every one bitcoin that I pay it is saying that I will get one liberty reserve. See this screenshot: http://imgur.com/R7JHVqE

Now maybe I'm missing something here but I am pretty sure liberty reserved is not pegged to whatever price bitcoin happens to be. Can anyone explain this to me? I want to pay someone the equivalent of $200 in liberty reserve. What (approximately) should I put in for bitcoin? I'd expect 2+ at the current rate, but will I get the the equivalent of $200 in liberty reserve?

thanks,
cb


Title: Re: Trying to Understand Aurum Exchange
Post by: starsoccer9 on March 29, 2013, 04:37:37 AM
seriously dude, it says btc-e USD. a btc-e(the exchange) USD coupon code


Title: Re: Trying to Understand Aurum Exchange
Post by: TheButterZone on March 29, 2013, 04:42:12 AM
You're exchanging BTC-E USD in that screenshot, not BTC. I don't even see Bitcoins as one of the options on the site right now.


Title: Re: Trying to Understand Aurum Exchange
Post by: cosmicboy on March 29, 2013, 06:16:15 AM
You're right, but I was assuming I could fund btc-e easily with bitcoin? I guess I am confused about the whole thing....



Title: Re: Trying to Understand Aurum Exchange
Post by: XMLGold on March 29, 2013, 11:22:46 AM
You can exchange your bitcoins to Liberty with us on xmlgold


Title: Re: Trying to Understand Aurum Exchange
Post by: cosmicboy on March 30, 2013, 05:05:12 AM
Cool! will check it out


Title: Re: Trying to Understand Aurum Exchange
Post by: cosmicboy on March 30, 2013, 05:54:47 AM
I am intrigued by your service. It looks like I could load my prepaid debit with bitcoin and withdraw in cash? Is this right?  The only thing that looked off was the exchange rate. Currently .02 BTC = 1.41 Euros. On your site it seems the exchange rate is .02 btc =1 euro. Is this right? I understand having a percentage increase for your profit, but that seems very large!  Care to comment?

cb


Title: Re: Trying to Understand Aurum Exchange
Post by: postcd on March 30, 2013, 08:31:22 PM
For example at this moment when exchanging bitcoin to LR, i see:

Exchange rate: 1 = 86.00999

So i assume its correct. But offcourse the USD price is X percent lower than actual bitcoin USD price.


Title: Re: Trying to Understand Aurum Exchange
Post by: nanaimogold on March 31, 2013, 01:11:04 AM
Perhaps this exchange site is easier to understand.

The is no confirming of the account holder. In this way third party spends are simple.

https://www.nanaimogold.com/bitcoin.php

Currently offering more than Gox prices and no fees!




Title: Re: Trying to Understand Aurum Exchange
Post by: cosmicboy on March 31, 2013, 04:51:00 PM
nanaimogold, your site looks like what I'm looking for...will give it a try. Like the ease of it. I do want to say that you should really work on a more professional site design. My immediate reaction to the site was that it looked amateur and a possible scam. No offense i hope...just some constructive criticism. 

cb