Here where I live transfer of ownership and re-registration to new owner only works and happens when official receipts are shown which are usually bank transfer receipts. Bitcoins are not accepted. Cash is accepted if witnesses countersign... but only certain people are recognized as witnesses for these transactions such as judges, lawyers, the police etc and they all follow a strict procedure, fearful that if anything happens later (like fraud by either buyer or seller) they too might be dragged through the mud.

It's a different story with cars. The seller registers the buyer as new owner and that's all there is to it. No proof of payment needed.

How are the formalities settled in Turkey?

Why not buy them from here:

https://bitoasis.net/en/

You can even use your UAE credit card to buy from them. Just read through their blog for updates about their service:

http://blog.bitoasis.net/

If identity verification is an issue, then you can try buying from Localbitcoins. It will be harder to attract sellers here as only a small percentage of sellers here might be in the UAE and an even smaller percentage might actually be actively selling on this forum.

It's a MasterCard issued by a Chinese card issuer. Fees are insane. You first need to get the card and the fee for that alone is a hefty $225:

https://wagecan.com/Pricing

As you can see, they reduced it from an even heftier $250. If you think about it, the price reduction is still not very encouraging. If cash is what you're after with this card, have a look at their limits on the link above. It is max USD 25k per year for ATM transactions. If verified to KYC level 2, you can load an unlimited amount on the card but only $25k of that load is allowed for ATM use. The rest is for POS-based transactions or purchases in shops, restaurants etc.

You're allowed max 1 card in your name. The downside is the issuer of this card can arbitrarily impose KYC reverification even if you are already fully KYC verified. This can happen while you are about to withdraw, while you are loading the card, while you are about to pay... not nice.

Top up process is 2 to 7 business days. If there are Taiwan and HK public holidays in between, it will be 2 to 7 business days PLUS those holidays.

The one good news about it is that, unlike other restricted card programs, Americans are not restricted from applying for this card. Everyone can apply with a few exceptions (North Korea, Afghanistan, Iran etc). The card works globally.

If you lose the card, be aware of the fine print:

Card Replacement  51.00 USD

ATM Transaction International 2.5% (a minimum of 3 USD). This effectively means if you withdraw, say, $100 then the minimum would be the larger of either 2.5% of $100 or $3. Obviously it would be $3. As the amount increases, so does the fee also dramatically increases. Say $2000.. that would be 2.5% of 2000 or $50! That's WageCan's fee alone... not including the ATM's fee (the ATM you use the card on which is usually $5 or more).

A couple or more credible vouches will do your new exchange a lot of good. Trust is a precious commodity here, much more precious than the coins you hope traders will inject into your exchange.

Here’s hoping this will not be just another exchange but one with a more supportive approach towards their users.

Yes, as mentioned above, move this to the right section.

Of course when they pay you you will say all the positive things about this scam exchange. Why should one be surprised?

It's simple: tell your employer or "boss" to get their act together and resolve all these scam complaints! Stop scamming and stop extorting people into paying extra coins to unlock their balances!

If it's not a scam, your "boss" will do this and exactly this: lift his hand, put it on that keyboard and type away. Clear those stuck deposits and let people trade THEIR coins without issues! But no, the coins are stuck because I can reliably assume the coins are being used by this exchange for their personal enrichment!

Tell me, what makes this different from Yobit?

Your exchange is based in Russia. Yobit operates in Russia.

What are the risks? I can write an entire book about it. How can you appease your users in these volatile and extremely uneasy and uncertain times? Exchanges can and do lock accounts, coins, funds arbitrarily. Is your exchange any different? How will you guarantee this will not happen?

An exchange requiring no verification invites regulatory risks. How are these risks contained, knowing Russia's anti-bitcoin tendencies?

And I'm begging you too (and everyone else here) to please stop using this exchange. Stop sending coins to their hot wallets. Didn't you check for reviews? Didn't you search and find the countless scam complaints about them? If those were all your savings, you should have done extensive due diligence and withheld sending the ETH deposit until you checked, investigated and double-checked again.

This exchange is based in Russia. Resolving all these deposit issues will only happen if they lift a merciful hand and do something about it. You can't expect or get any help from Russian authorities. Current laws in Russia are unfavorable towards cryptocurrencies so it is unlikely they will make any effort or even prosecute.

Stop using this exchange.

Yes, very good. I love it when people share the good stuff. This is exactly what I've been parroting about all this time. Store your coins in a wallet you and you alone have access to. A safe wallet is when you and you alone have absolute control of the private keys. A "joint" bitcoin account, one someone else has access to, is never a safe wallet.

Anything offline is off limits to thieves and fraudsters. A securely prepared offline (paper) wallet is the best cold storage wallet. Use a dedicated device to upload and offload coins into/from that wallet. Duplicate that wallet and store those duplicates securely.

Clearing out your account was the best route you took. I mean it's good to make money on exchanges too but some if not all of them are very unpredictable and prone to extreme risks. There are stories here of people with locked millions. Waiting... and still waiting. What else can they do? They cannot possibly guess the private keys held by the exchange.

Nah, this is a shady service. It's similar to all these Ripoff Report services offering to delete scam accusations from the entire world wide web and repair your reputation. For a fee of course. And they all demand that you pay first.

The fact that you're posting this here makes one stop and think. Why would you do that? Then a second new account does the same thing above. If you recovered all that money, you would still be too traumatized to post about the experience, let alone a review about a service which you claim helped you recover $115k. The way you worded this post sounds more like advertising for them. Or perhaps and better still, someone from that site itself advertising here.


And those special guidelines would be what? Pay fees upfront?

This locking and blocking of coins, accounts, funds etc are reaching epidemic proportions. For as long as deposits keep pouring into their hot wallets, they will continue doing this. The solution is to stop the inbound flow of coins until it trickles down to almost nothing. When they notice that, they will start to listen and maybe even find the time to read your volumes of unresolved tickets.


So you knew they have all these customers with open tickets and yet you still made that deposit. Join the club. You now need to add one new ticket to their big pile of mostly unread tickets.... and wait. Why continue sending coins to an exchange with a notoriously poor support system, one with a very blemished reputation here and elsewhere, and a less than stellar credibility?

The humility and politeness is at overkill levels. This is a lesson on the importance of thinking twice, even thrice, before doing something or anything which can earn you that red trust.

You forgot to plead please, sir/madam, do the needful to get that awful red paint removed. Try paint thinner and a dose of never ever repeating whatever earned you that red trust. Promises and apologies might not help. The trust will stay red for quite some time. It's an ugly stain and it's a painful sight, that red blot.

Very elaborate and ingenious. Thanks for this.

A well-engineered scam. Has anyone tried ignoring the email from the fake escrow? What would have been the reaction if that happened? If, for example, I was aware of the scam and I ignored the fake email and proceeded to tell him I emailed, say, SebastianJu on the email address I found on his official page... how would he save the scam? Will he resend the scam email from the fake escrow email? What happens if that email is repeatedly ignored? Will he give up? I would love to be part of a scam scenario (not that I envy your losses!) just to see how this works and what happens if I ignore the fake email.

No, I'm a non-EEA national. I live in Asia and I hold a passport of an Asian country. It's the same passport I used to apply for and verify my Mistertango account.

Try to apply. It won't cost a thing and no harm in trying. You need to download their app on the Google playstore or on the iOS app store. The identity verification system is integrated within the app. When you pass the verification stage, the account is instantly created and active. You can then order the card. They DHL'd me the card (on my request and at additional cost which I paid as I was really excited to get it quickly!).

Nope.. I live in Asia. And I have the account and the card.

Works perfectly here. I convert my bitcoins into Euros on the account and from that account, I transfer some of the money to my regular bank account via SEPA. I also use the card at ATMs and for paying in stores/shops  and restaurants here. Never declined. It's a really good card.

There is another option, Mistertango:  

https://mistertango.com/en/

The account is free and it is an IBAN account. It comes with a MasterCard which is vastly cheaper than the WageCan card.

The MasterCard is directly linked to the IBAN account which can be loaded with bitcoins. The account comes with a dedicated bitcoin address. When you send coins to that address, it is converted at best available rate on this exchange:  http://btc-exchange.com/

And their ANN thread:

https://bitcointalk.org/index.php?topic=1972805.0

For a clear picture of their card's charges, check their fee prospectus:

https://mistertango.com/en/mastercard

This is what I see on my own account:

How to deposit money to this account with BTC
Transfer your Bitcoin to given BTC address and they will be automatically changed into Euros. If the obtained value will be more than 5% lower than market value, your Bitcoin will not be changed. At your convenience you will be able to sell your Bitcoins by yourself at Bitmarket.
Note: Bitcoin will be changed into Euros after 1 network confirmation. This service is provided by Bitmarket.
Deposit fee: 1 % (minimum 0.0025 BTC)

There is this Singapore-based project with links to Estonia’s e-Residency system. They have ambitious goals and aim to be the most exciting banking application in the world which would be really nice if they could truly pull it off. Achieving that milestone would mean ending our dependence on traditional banks and ending too the uncertainties they create for the crypto community.

https://getchange.com/

I’m already an Estonian e-Resident so this would be a nice addition to my portfolio of accounts.

I’m posting this here because I believe they will introduce a card soon. I’m not sure if they are still negotiating with a card issuer but they seem to be making progress. Singapore’s progressive environment is a good place for these projects. The government is very pro-fintech and technology focused. Let’s hope lasting solutions will come out of this super exciting project.

When it comes to bitcoin, there is a big difference between giving and selling.

If you meant selling you some, getting them will depend on how you want to pay. With USD or with worthless VEB.

If your post was about asking for free coins, expect to get nothing. You won’t find generous hearts here. You can try faucets but it will take light years to get enough coins for a Big Mac.

Poor credit scores are usually an indicator of mismanaged finances and a lack of financial responsibility. This is a risk factor. While I appreciate the open and honest disclosure of this information on this thread (which speaks in your favor) the risk of lending on the strength of private equity assets outweighs the positive aspects of your loan proposal.

A bad credit rating is also a warning sign of past repayment issues which of course will affect how lenders feel about entrusting you with a loan. Because of this risk factor, they will want valid and solid collateral.

This is not to judge you unfairly. I know nothing about the cause of your bad credit score so it would be wrong of me to assume or presume anything about your integrity. I’m just commenting here based on a general sense of how bad credit affects a lender’s impression about borrowers, particularly if large amounts are being discussed.

Charging for outbound transactions makes sense but paying fees for inbound deposits is nonsense. If banks were to do that, people would riot. Being an exchange doesn't exempt them from the basic decency of keeping fees at a minimum and operating honestly.

There are tons of complaints about this exchange and they haven't resolved them. Now they want more fees on top of all the unexplained account issues suffered by many here.

Look for alternatives, guys. Don't risk your coins on this exchange.

Golden rule: avoid storing them on an exchange wallet or any wallet for which the private keys are controlled, kept and known by the wallet provider or operator.

The safest wallet is a wallet which allows no external intrusion of any kind. A safe wallet allows you, the wallet owner, and you alone to know, keep and manage the private keys. It's all about the private keys without which a thief can't steal your coins.

And common sense is just as important as the private keys. Don't send coins to anyone or any exchange without knowing what you're doing and who you are sending the coins to. Even if you have the safest wallet, you can lose your coins if you don't think carefully of the consequences of being negligent. Scammers exploit every weakness they see.