Bitcoin Forum

He is claiming that it is because of Mt. Gox, HOWEVER that doesnt stop him from being able to send my 9.32 BTC back... which he wont do, nor has he responded on all FOUR of his messengers as well as his Personal AND Business email address...

Looks pretty shady to me, and I'm not the only one having this problem.

If I dont hear from him within 48 hours, I'm going to be plastering his name all over everywhere as a scammer.

There is no excuse to not reply to someone for weeks and expect them to be patient.

Not happening.

Still no reply from him, and now the website isnt resolving... wonderful.

Bitcoins are a real investment, don't automatically trust anyone.

If they had their funds and ability to work their business through Gox, while not smart, you will just have to pretty much wait.  Everyone is forced to at this point, all markets are fucked because of one, bitching is the last thing making it right itself.     Or maybe I'm wrong.   All I know is thinking a personal reply email from anyone regarding this when they are hearing the same questions over and over, I'd probably shut down the inbox for a while too just to clear my head.  I feel a lot of pity for all involved with other peoples money, they took the risk, but sure doesn't make its suck less for them right now.

They are over two weeks late for me also.

They changed their payment schedule several times (3 missed deadlines) but last I heard from them they said they would pay me out in full the Thursday the 16th BEFORE MtGox went down. No response that Friday (the 17th) and then MtGox went down Saturday. Not even an email since MtGox had issues though I write them every day.

They seem pretty unreliable even before the MtGox issues. I feel for their troubles but so far they have just cheated me. I even confirmed in a personalized email exactly what I wanted and the time frame I needed it by. They said 24 hours no problem, then 72 hours ok. After that time went by I wrote a couple of times. They assured me (yet again) that they would pay me within the next 24 hours. MtGox went down about 48 hours after their 3rd promise.

$1000 USD - I liked their previous feedback but let this be a warning to others.

I will post here when they pay me. I still hope they are honest, just unreliable.

Hey m3t4lh34d, you have been paid out a while ago, please update this thread as your issue has been taken care of.

ExchangeNothing: as stated earlier, my WU payouts sometimes get reversed, you were one of them. We have been in e-mail contact, and the delays in response were due to both a flood of incoming mail and the fact that I was travelling and did not have 24.7 access to my inbox.

BitcoinPorn: You hit the nail on the head. MtGox merchant services is still down and had a log of my outgoing payments, so there are some delays there. I'm doing my best to pay everyone out and can guarantee NO ONE WILL BE LEFT UNPAID.

Temporarily slow, yes, down for the count? NEVER!

Wow, I would argue this thread should stay up.

I really pity the situation, but all these people wanting to take on the challenges of being the big bad exchange, are all paying for it, but it seems like it is at a snails pace.

Everyone is getting their payouts, not one person has ever been ripped, it is just taking a bit more time than anticipated because of the infrastructure dying out this month and Western Union is reversing random payouts that I am sending, insisting I am a fraud victim ::rolls eyes::

By the start of the new month, payouts will be back to their 24-72 hour window.

I did receive an email today. Payment promised by tomorrow. If he comes though I will post here.
This is a valuable service and it does sound like bitcoinexchange has been down on their luck.

We shall see. Verdict so far is honest and overwhelmed, but I still have not gotten paid.
Expect an update either way tomorrow.

...another deadline and another disappointment...
He wrote "tomorrow for sure" on the 29th. I got an email the 30th that said he would send it Friday morning (July 1st) It is getting pretty late now on Friday afternoon and no email no money.

This is going to be a very unhappy long weekend if I do not get my money today.

For those of you keeping track, tomorrow will be THREE WEEKS

I will post here and on the main thread when I get my money.

dont send this guy money, I still didn't get my coins I sent him 7.92 btc just before mtgox went down 20th of June, uptill now i didnt get anything from him....

This guy has only had negative feedback for about a month. His bit-coin OTC reviews have also gone bad. If you have any good experiances with this guy please post here otherwise we should consider him a cheat. Looks like he owes a lot of people money.

Did he pay you yet? Please update us. He has a nice site  but he sounds pretty sketchy. I am glad I did not go though with it. Is he paying low amounts for his old good reviews or are those fake?

I cashed out $691 mtgusd.  Took a little longer than I'd have liked but went smooth.  If you check the main BitcoinExchange.cc thread in Marketplace you will see that while some people had to wait a bit, each and every one of them were paid(as far as I can see from the 20 pages of posts there) including myself. 

I've been waiting for my WU since ~13th of june. He wrote it would go out same day a few times a while back, but have had no reply for at least 14 days.

EDIT: The amount i've patentiently have been waiting for is around 200 usd if i remember right.
EDIT: I've got the transfer now. Apparently it was already sent out a week ago, but had trouble reaching my inbox.

UPDATE (from the original thread, for the newbie's info):
Just RECEIVED my funds from Payoneer (as in just now 7/4/2011 12:00AM EST as stated by Payoneer)! Worth 1000.00$! It took a while (from the 13th of June) but hey, I can say he is a trustworthy guy, what Bitcoin is all about - trust.

Let my post be somewhat a relief for all of us. I'm ready to do another transaction with him when we get in touch.

Let's all hope everything is streamlined now and the next transactions would be faster just like before (almost instant).

What I can suggest is be patient, it's ok if you keep on e-mailing him, or IM, there's nothing wrong with following-up especially when things take longer than usual but keep everything professional. I personally have almost doubted him and even asked for a refund, but I gotta agree, most of the setbacks were from 3rd party issues.

I hope he posts here again to update us on his progress, I get he has a long backlog of transactions, all caused by the unexpected events. Cheers and Happy 4th of July!

Maybe mods can have this stickied and have the title updated?

On June 6, sent bitcoins.

Still waiting for cash out.  From the last communication, it should be occurring 'soon' (ie today or tomorrow).

Will update as more information arrives.

My amount is larger than most of the others that I've seen posted here.

EDIT (7/5):
Received an e-mail saying that the transfer had been completed on his end.  Funds are still outstanding on my end.


EDIT (7/5 1600 Eastern):
Funds (minus what I think is a heinous bank fee) have arrived in my account.

ps - still hate newbie status.

This guy is still not paying, not replying and isnt goin online at all....ICQ, AIM, or Skype.

Benjie,

I emailed you asking for the destination address to refund your 7.92 BTC, you asked for a refund on them and I still have them to return to you, you never replied. Please send me your BTC address via e-mail.

July 5th update.
I got another email that said
"I am going to send it today"

Apparently he went out of town and was unable to answer any emails over the last 4 days. I am glad he posts here and I really hope I do get my money. It has been over three weeks. I will post here when I get paid.

As stated in the Marketplace thread, all Western Union, MoneyPaks, and electronic gift cards have been sent out. Please check your e-mail for the information.

I hate to reply in what looks like a hate thread, but so far I sent the BTC payment midnight July5th, I'm hoping to hear from him sometime within the next 24 hours.  Fingers crossed :)

tl, dr
BitcoinExchange paid me,  and it was an awful experience.

BitcoinExchange paid me in $885 (less 5.5%, less $52 WU fee, less $8) last Wednesday.
It took OVER THREE WEEKS to get my money.

I consider BitcoinExchange to be honest, but not fast or easy to deal with.

In his defense **SOME** of the issues were beyond his control but some things were his fault.

In general he took much longer than 24 hours to reply to emails. Often 3 days and occasionally more.


When I first wanted to do business with him I emailed him exactly what I needed and when. He sent me a personalized resonance and said he could send me money within about 24 hours. This was AFTER Paypal had frozen a lot of his funds, June 11th.

When I wrote him after 48 hours he responded (36 hours later) that the time frame was 24-72 hours and I could expect my money with in the NEXT 72 hours. This already put me 5 days into a 24-72 hour order.  When I emailed him again he said he would pay me “tonight or tomorrow morning” Three days AFTER that email, MtGox hacked and crashed. The MtGox crash should not have affected my order.

For the next 10 days he did not respond to emails. I warned him I would start posting a fair account of the transaction on the forum but did not get a response until after I actually did so.

He wrote "tomorrow for sure" on the June 29th. I got an email the 30th that said he would send it Friday morning (July 1st). I did not hear from him again for the next four days. He said he had cash in hand but I wasn't actually paid until two days after that.

Throughout this ordeal he has blamed PayPal, MtGox, and Western Union. The first two should not have affected my order and he had options for working around WU, which he eventually used.

Besides being very slow and lack communication, a few other  things really annoy me. He took a 4 day vacation for 4th of July while I was stuck at home waiting for a little cash. He charged an undisclosed $8 mystery fee in addition to the 5.5% and the WU charge. 

This was a bad experience for me and I would not recommend BitcoinExchange. Yes, he is honest about giving you your money but not about his other promises. I think he means well but makes excuses is simply not equipped to run his business professionally.

His emails were polite and the actual transaction was great. If I had not waited three weeks and had a pile of unfulfilled promises I would have given an outstanding review.

TL, DR
BitcoinExchange paid me,  and it was an awful experience.

Bitcoin paid me, it wasn't as harrowing as the post above, but it did take longer than the 72 hours initially quoted but it's not a big deal since it was only a few days late.

Got my MoneyPak exchanged for BTC in less than 10minutes!  Great service!

Sent MG for BTC and had them in my wallet in 24 hours. Would definitely trade with again. Bitcoin Poker here I come  ;D

Did another exchange with these guys and the cash was in my hand in under 72 hours.  Good service.

signed up here just to report..

this guy exchanged my first greendot for me as planned.  Then exchanged the second GD # I sent him for a larger amount and he tried to play it like the card was no good, or the number had already been used. I pgp'd him the number in under twenty minutes after I bought it, I have the receipt and card in my hand and no one else could have cashed it.. bullshit,  he/she is selectively scamming and should be avoided at all cost


HOLD::  he is investigating my issue, will update..  

no responses yet.. >:(

this guy is ripping me off im pretty sure... ill make sure to tarnish his rep to everyone I can.. just straight up theft..

^^^^^^ too late to edit this, but it has been resolved and I have been paid in full by Bitcoinexchange.cc

I sent them a MoneyPak last night, and received BTC this morning according to blockexplorer (I haven't finished downloading the latest block chain yet).  Just reporting a positive experience.

I paid by MoneyGram on Friday (July 22nd). Haven't heard from him since then, no response to my emails.

edit: I received the bitcoins.

I placed my order July 28th by Moneypak and still havent gotten my Bitcoins. I checked and there is 0.00 on my moneypak so he already has my money but wont send me the coins. No reply from instant messages or emails.

Seriously feeling scam here.

Isn't .cc blocked by google for spam/viruses?

you mean by google's gmail?

.cc certainly comes up on google searches...

Damn! I wish I would have saw the updates to this thread before I gave him my code last night! How do I check to see if i have a balance still and if I do, how do I withdraw it so he cant get to it now?

It takes some time but it DOES go through. And it's still faster than bloody dwolla.

Same here anon3939. I paid with a MoneyPak on the 2nd, and the card is empty. No bitcoins.

He hasn't responded to any of my 3 emails. I'm not feeling particularly hopeful.

Probably should have gone with bitcoinbux.com, they responded to me within the hour.

I placed order on Aug 4th for BC.  My Moneypak has been empty for days now.  No response from emails asking for status.  I would feel a whole lot better if bitcoinexchange.cc would reassure me that I will get my bitcoins, albiet at a snails pace.  I feel ill...

I sent him $300 USD using moneypak 12 hours ago.  I am worried because my last transaction with "trader steve" went every well.  No response from bitcoinExchange in my emails.  I guess he's going through some shit but if this is going to take WEEKS then forget it, i'd rather deal with someone else.  I wish I started reading some of these posts. 

BitcoinExchange, if it's going to take days, or weeks for that matter,  then please don't use the moneypak so I can trade elsewhere.   Unless, of course, it's already been used.

I'll let you guys know how the transaction goes guys or if I hear from bitcoinExchange, I know my situation may seem tame compared to everyone elses, but I planned on exchanging that USD for BTC ASAP because I am moving within 2 days and literally need that money, whether it's in BTC or USD.  preferably BTC.

Sent my funds 13 Jun 2011. Waited a long time to see the cash sent out 6th of july. But either he or as he says WU typed the name wrong, so i've not been able to pick up my money yet. A lot of requests have been sent but nothing happens although a lot of promises have been made. Now he's not even responding to emails anymore. WU's fault or not, this is VERY bad service and cannot in anyway recommend this guy.

Hey, i had the same issue as you earlier in the thread...sent my code via the site then found out he was MIA. So I went to https://www.moneypak.com/balanceinquiry.aspx and put in my code, luckily the money was still there! So my next step and what you'll have to do, was to download mirc, connect to a freenode network and join #bitcoin-otc In bitcoin otc you can trade with the individuals in the chat room, moneypak for bitcoin. You'll have to register with the bot (gribble) but the people in the otc foyer are helpful with this. After you're registered/authenticated, tell them and in channel #bitcoin-pit that you have a moneypak, the amount and that you're wanting BTC. Make sure the person you're trading with is trusted/authenticated, give them your moneypak code, and they'll get your bitcoin address and you'll have em in minutes

If this helped you and you're feeling generous with your new BTC, feel free to donate 1GfMWhREmpYaYZELJ1ruyi3ymnSQqoomat ;)

Bumping this so that no one else gets suckered into using this guy. Everyday he says the transaction will happen today. This has been going on for five or six days. I'm not going so far as to call him a scam, but don't make claims you can't back up. If it's going to take you a week, then say that. If you're looking for a good exchange service, I'd look elsewhere.