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contact their banks, their payment processors, etc. shut down their bank accounts. only in this way, you can close these scammers.
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you can also alert the authorities from EU (Cyprus and UK) that they are running an illegal exchange service for which they must have a financial license. a company registered in the UK, running a website called btc-e.com which uses Cypriot law.  also, you can alert their banks about that too  once you cut their links with banks, the exchanger will sink for sure. also, they are very close to Mayzus  Thank you for your additions. However, the case with btc-e is very complicated. There are many different interests that also involve relevant bank employees and even policy staff and employees at the authorities themselves. This rabbit hole is deeper than we had in mind before we started the campaign. That is why we have chosen for the RDC campaign, then all things that are not correct will solve themselves as soon as all data is public. the banks are not working "alone". see what the US correspondent banks did to the Bitfinex's bank from Taiwan. . they blocked international wires in USD so, you should start with them. contact BTC-e bank, contact their correspondent bank and tell them that BTC-e is an illegal(unlicensed) exchanger and according to EU laws they must get a financial license. there is no bank in this world who can say "we don't care and we support an illegal business" mark my words. an exchanger without a bank, it's out of game. yes, your ads campaign is good but you need to push from different angles |
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you can also alert the authorities from EU (Cyprus and UK) that they are running an illegal exchange service for which they must have a financial license. a company registered in the UK, running a website called btc-e.com which uses Cypriot law. also, you can alert their banks about that too once you cut their links with banks, the exchanger will sink for sure. also, they are very close to Mayzus |
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WELCOME TO POLONIEX
We are a US-based digital asset exchange offering maximum security and advanced trading features.
Trade securely on the world'sThis company is running an illegal business. They are not registered as MSB in Delaware neither in another state. According to FINCEN, each exchanger must be MSB. It's really shocking to see people using such companies.
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use other e-currency ! it's so simple . how can you pay 30%? LOL
you can rather use Paypal... Now, it has much lower fees.
BTC wasn't made to be a payment system.
Hugh? So why did Satoshi Nakamoto call it a "A Peer-to-Peer Electronic Cash System" <--- What do you cash for? People use cash as a daily payment option. The hoarders turned this into a speculative store of Value system and I doubt if Satoshi wanted this to happen. I think Bitcoin's use is multi-functional {Currency & Store of Value } and people just need to accept this and scaling should adapt to cater for that. You can call yourself Yoda. It doesn't mean you really are BTC wasn't made for daily use payments. Everybody can see that now when you are waiting hours for a ....confirmation and you have to pay 20-30% as fees. Why would you use it for shopping, bills or other payments when there are plenty of payment processors on market with instant transactions or much lower fees or even zero? The hoarders and the black market are the majority so...they give the meaning of this e-currency. |
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use other e-currency ! it's so simple . how can you pay 30%? LOL
you can rather use Paypal... Now, it has much lower fees.
BTC wasn't made to be a payment system.
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"What are its real-life uses? Online gambling and money laundering" very true !
over 80% from BTC market is based on these.
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Exchanges are even worse than banks.
They are basically companies/banks without any government support. If they go bankrupt, you are fucked. If they steal from you, you are fucked.
I don't even trust banks in my country. How can you put your life savings in an exchange which is located in somewhere far away from your country and which you don't know anything about?
Now you have to find a good lawyer and i don't think there will be anything left from that 20k$ when everything is over. That's it if you can't solve your problem with the customer support.
Exchanges can randomly seize the suspicious money from the users. Suspicious to who? How? Nobody knows.
good point. there only few exchangers who are financial licensed but Kraken is NOT one of them. The people must be brainwashed or child to use a such company. a financial licensed company has a real office, real contacts, they have bonds as guarantee for losses, audits and so on. it's beyond any imagination how someone can use Kraken, BTC-e , Bitfinex, Poloniex and others like them. Use a financial licensed exchanger !!! I just got confused about what you guys wrote which is unbelievable for me.. Because if we want to trade crypto then we have to choose an exchange from the options available currently. Some possible options are, Kraken, BTC-e , Bitfinex, Poloniex, Livecoin, Cryptopia, Bitstamp, Bleutrade, Bittrex, Novaexchange, Gemini, Gdax etc etc. These exchanges are not based on one country but those are operating as international trading platforms. But some have limitation though as per I know. But you guys creating doubt for the top level exchanges. Those exchanges have huge volume traded on daily basis. So do you guys meant that all the traders there are FOOL? Op deposited $21k which is around BTC7.82 I think that's not a very big amount deposited ever since the kraken born or other exchanges. But its a very very very big amount for op, as he mentioned that its his life savings. As per I know, there is lots of traders who deposited more than op deposited.. If I am not wrong.. I believe that its an error. So I also think it can be solve by just contacting kraken's support. If Kraken were in the beginning phase of SCAM then we might got so many threads regarding this within this forum from other users as RED ALERT. Above 2 quoted posts are SCARY! Newbies will get scared and will try not to involve in crypto world. The world is black & white, I mean good & bad involve in everything.. All we just have to do is keep ourselves from BAD and stay with GOOD. edit: mindrust, please point out some licensed exchanges for reference. Yes, only few exchangers are legal, financial licensed (Coinbase, Gemini, Itbit, Bitstamp, Circle and another one or two). YES, Kraken, BTC-e , Bitfinex, Poloniex, Livecoin, Cryptopia, Bleutrade, Bittrex, Novaexchange and MANY others (including all the chinesse exchanges) are illegal exchangers. These "top level exchanges" are running illegal businesses. What's so hard to believe it? Ask Kraken, Poloniex or BTC-e about their financial licenses. Kraken is based in USA and according to any US state they MUST have a money transmitter license which they haven't. Bitfinex is registered in Hong Kong and according to HK financial laws, Bitfinex must be registered as a financial company and of course, they are not. The examples can continue... YES, it's scary how many naive and ignorants are using these services and they are complaining that X or Y exchanger is running with their funds. The newbies have a brain and they have to use it. They have to read and learn what it means a real financial company and after that they can trade. How can you write if you don't know the alphabet? Same with the trading. How can you trade with the peace of the mind if you don't use a genuine exchanger? Are you focused whether the exchanger is funding or withdrawing your funds in time or are you focused on trading? Well I'm not going to search all of them but a simple google search led me to this page: https://www.fincen.gov/msb-registrant-searchTyping kraken into the DBA line and hitting search leads me to a result with a link for "Payward Ventures Inc" which indeed shows that they are registered as a money transmitter. as a "legendary", you should know that, you can register any company on Fincen website. You can do it with any name you want . It doesn't mean that you are a MSB. Please take a look to https://www.coinbase.com/legal/licenses or https://www.bitstamp.net/payment-institution-license/As a financial licensed company you MUST show your license on your website. Registering with FINCEN means NOTHING if you are not registered as MSB. Kraken (Payward Ventures Inc) is not licensed (MSB) anywhere.A company must register in every state for which it provides MSB services under that state's law and then to register with FINCEN. Otherwise, registering with FINCEN only means zero. You are out of law. From https://www.fincen.gov/msb-registrant-search : "The inclusion of a business on the MSB Registrant Search Web page is not a recommendation,certification of legitimacy, or endorsement of the business by any government agency.
Information contained on this site has been provided by the MSB registrant. FinCEN does not verify information submitted by the MSB. Information provided on this site reflects only what was provided directly to FinCEN. " |
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Exchanges are even worse than banks.
They are basically companies/banks without any government support. If they go bankrupt, you are fucked. If they steal from you, you are fucked.
I don't even trust banks in my country. How can you put your life savings in an exchange which is located in somewhere far away from your country and which you don't know anything about?
Now you have to find a good lawyer and i don't think there will be anything left from that 20k$ when everything is over. That's it if you can't solve your problem with the customer support.
Exchanges can randomly seize the suspicious money from the users. Suspicious to who? How? Nobody knows.
good point. there only few exchangers who are financial licensed but Kraken is NOT one of them. The people must be brainwashed or child to use a such company. a financial licensed company has a real office, real contacts, they have bonds as guarantee for losses, audits and so on. it's beyond any imagination how someone can use Kraken, BTC-e , Bitfinex, Poloniex and others like them. Use a financial licensed exchanger !!! I just got confused about what you guys wrote which is unbelievable for me.. Because if we want to trade crypto then we have to choose an exchange from the options available currently. Some possible options are, Kraken, BTC-e , Bitfinex, Poloniex, Livecoin, Cryptopia, Bitstamp, Bleutrade, Bittrex, Novaexchange, Gemini, Gdax etc etc. These exchanges are not based on one country but those are operating as international trading platforms. But some have limitation though as per I know. But you guys creating doubt for the top level exchanges. Those exchanges have huge volume traded on daily basis. So do you guys meant that all the traders there are FOOL? Op deposited $21k which is around BTC7.82 I think that's not a very big amount deposited ever since the kraken born or other exchanges. But its a very very very big amount for op, as he mentioned that its his life savings. As per I know, there is lots of traders who deposited more than op deposited.. If I am not wrong.. I believe that its an error. So I also think it can be solve by just contacting kraken's support. If Kraken were in the beginning phase of SCAM then we might got so many threads regarding this within this forum from other users as RED ALERT. Above 2 quoted posts are SCARY! Newbies will get scared and will try not to involve in crypto world. The world is black & white, I mean good & bad involve in everything.. All we just have to do is keep ourselves from BAD and stay with GOOD. edit: mindrust, please point out some licensed exchanges for reference. Yes, only few exchangers are legal, financial licensed (Coinbase, Gemini, Itbit, Bitstamp, Circle and another one or two). YES, Kraken, BTC-e , Bitfinex, Poloniex, Livecoin, Cryptopia, Bleutrade, Bittrex, Novaexchange and MANY others (including all the chinesse exchanges) are illegal exchangers. These "top level exchanges" are running illegal businesses. What's so hard to believe it? Ask Kraken, Poloniex or BTC-e about their financial licenses. Kraken is based in USA and according to any US state they MUST have a money transmitter license which they haven't. Bitfinex is registered in Hong Kong and according to HK financial laws, Bitfinex must be registered as a financial company and of course, they are not. The examples can continue... YES, it's scary how many naive and ignorants are using these services and they are complaining that X or Y exchanger is running with their funds. The newbies have a brain and they have to use it. They have to read and learn what it means a real financial company and after that they can trade. How can you write if you don't know the alphabet? Same with the trading. How can you trade with the peace of the mind if you don't use a genuine exchanger? Are you focused whether the exchanger is funding or withdrawing your funds in time or are you focused on trading? |
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Exchanges are even worse than banks.
They are basically companies/banks without any government support. If they go bankrupt, you are fucked. If they steal from you, you are fucked.
I don't even trust banks in my country. How can you put your life savings in an exchange which is located in somewhere far away from your country and which you don't know anything about?
Now you have to find a good lawyer and i don't think there will be anything left from that 20k$ when everything is over. That's it if you can't solve your problem with the customer support.
Exchanges can randomly seize the suspicious money from the users. Suspicious to who? How? Nobody knows.
good point. there only few exchangers who are financial licensed but Kraken is NOT one of them. The people must be brainwashed or child to use a such company. a financial licensed company has a real office, real contacts, they have bonds as guarantee for losses, audits and so on. it's beyond any imagination how someone can use Kraken, BTC-e , Bitfinex, Poloniex and others like them. Use a financial licensed exchanger !!! |
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i though satoshi wanted bitcoin to become a currency not just another stock in the DOW
it is now more expensive to use bitcoin to buy or transfer anything than to use your banks visa card.
the whole point of bitcoin was to "phase out" the big banks or whatever not to become the next goldman sachs
if any bank charged 10$ to withdraw 25$ it would be shut down by the government.
Bitcoin has lost one of its important feature of low transaction fee. But still,it has many other important features for which still people wants to buy bitcoins at any cost.Still transaction fee is low when money is sent from abroad when compared to other money exchanges. 20 usd is a bank wire, SEPA is 5 euro and it reach to destination same day. how long do pay for your BTC transaction and how long does it take? |
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I don't even understand what is going on. I sent 0.015 btc and paid close to 0.004 fee and still I wait after weeks. Yobit days it's coming through it's in the blockchain but nothing. Very annoying. 0.004 is $10 wtf. That's just under 30% of what I'm sending.
Heavy transaction fees is becoming a great issue in bitcoin.I too had suffered for even ten days before getting confirmed.But still,transaction fee is less compared to other payment options like paypal,etc. why do you still use BTC while other e-currencies are MUCH cheaper? |
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the question is : what exchangers are still genuine while all the chinesses ones have the withdrawals suspended since 2 months, Bitfinex have their bank account frozen, same with BTC-e ? the price is fake, the most tradings are fake too. in short, the big exchangers are making the price as they want... |
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yeah, sure... payments with 2 USD fee while the payments through cards are FREE....
BTC wasn't made to be a payment system. It will never be one except for the black market. Why should I pay huge fees when I can pay with zero and more than that, I can have the peace of the mind that I can make a charge back if the merchant is a scammer?!
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PayPal is not invincible and even the weaker competition like Skrill have been regularly eating from it's market share, with bitcoin current rise the market cap is approaching the 60-70 billions and with the high tx number/min I think BTC is already working in the way to overcome PayPal.
It's pointless to focus on the large number of transactions while the network is heavily being spammed. You can however look at how much value Bitcoin and PayPal move on a monthly basis. If you look at the current price, and take into consideration future increases, then it's just a matter of time before Bitcoin takes over PayPal in terms of volume in $$$. But then again, even if Bitcoin does happen to surpass PayPal in that way, it doesn't say much -- PayPal remains an extremely strong brand and service. You have to notice that Bitcoin volume is fake because almost all the exchangers are using bots for tradings in order to show many transaction and to manipulate the market. So, BTC volume is not real |
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Hi I am new to bitcoin and just done my first $1k transfer and was wondering if anybody had better knowledge regarding legal concerns around bitcoin transfer.
I know that when wire transferring money over $10k to an international bank account, my bank automatically reports it to authority. I was wondering if the bitcoin exchange does the same and or if there is any limit in the transfer amount + any tax or legal issues I should be aware of. I am planning on transferring money back and forth internationally to a different account under a different name.
Thanks in advance.
Yes, you have to pay taxes because it's an income(the profit you make by trading). The financial licensed exchangers will report you for sure if someone asks and you have the obligation to declare all your incomes to your tax authority. Don't say"nobody will notice" because it's not like that. That's available for almost all the countries. More than that, your bank may freeze and then close your account if you using it for Bitcoin trading. There so many cases. You can read about them on this forum. So, be careful what bank you are using. |
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In fact, many online payment processors like Solid Trust Pay, Payza, Perfect Money etc. already integrated bitcoin, so I really think that Paypal will have no choice but to follow it.
In the long term, I really think that bitcoin will overcome Paypal.
It's simple really.
Bitcoin gives anonymity, more security, possible profit if price increase etc.
Paypal can't offer it to the users.
Exactly. Bitcoin has many things that PayPal can't offer, and it should only be a matter of time before individuals and merchants realize that Bitcoin is the way to go. Since many payment processors have already adopted Bitcoin, it shouldn't be long enough before PayPal integrates the cryptocurrency into its platform. When that happens, Bitcoin would have a better advantage over traditional payment methods, and become the top choice among businesses and individuals alike. Also, we would be able to buy things with our Bitcoins in ebay, when PayPal makes the switch to it. Just my opinion. PayPal = payment via a card. You said "Bitcoin would have a better advantage over traditional payment methods"Please give one reason of why BTC is better than a payment through card. Do not tell me shits about anonymity or other libertarian slogans On my own experience, paypal withdrawals took time if you want to withdraw it on banks, here in our country it took 3 to 4 working days just to see your funds credited to your bank account. Bitcoin is fast when compared to paypal withdrawals and it is more good for some who works online. How long does it take to see your Bitcoin exchanged to cash into your bank account? at least few days. Paypal is made for masses. BTC is a niche and nothing more. It was not designed to be a payment processor, payment system. It takes hours to get a transactions confirmed... it's shady, hard to use. |
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In fact, many online payment processors like Solid Trust Pay, Payza, Perfect Money etc. already integrated bitcoin, so I really think that Paypal will have no choice but to follow it.
In the long term, I really think that bitcoin will overcome Paypal.
It's simple really.
Bitcoin gives anonymity, more security, possible profit if price increase etc.
Paypal can't offer it to the users.
Exactly. Bitcoin has many things that PayPal can't offer, and it should only be a matter of time before individuals and merchants realize that Bitcoin is the way to go. Since many payment processors have already adopted Bitcoin, it shouldn't be long enough before PayPal integrates the cryptocurrency into its platform. When that happens, Bitcoin would have a better advantage over traditional payment methods, and become the top choice among businesses and individuals alike. Also, we would be able to buy things with our Bitcoins in ebay, when PayPal makes the switch to it. Just my opinion. PayPal = payment via a card. You said "Bitcoin would have a better advantage over traditional payment methods"Please give one reason of why BTC is better than a payment through card. Do not tell me shits about anonymity or other libertarian slogans |
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Since you all seem so worried about spending money for transferring small amounts I have this for you: PayPal Money Cash Transfer - cost $0 You do not need the person’s, name, account number, or routing number. All you need is a person’s email address. However, to transfer to a person using PayPal they must also be a registered and active PayPal user. All personal transfers (not for goods and services) are free. The following are free services: register for an account, add money from your bank, send, receive, and request money. You can also electronically transfer funds from your bank account. You will pay a fee only if the transfer is for goods and services. Transfer Funds Using ING DIRECT People to People Money Payment - cost $0 ING Direct Electric Orange Bank Account is amazing. The P2P (People to People) money transfer feature is one such advantage. If you are an Electric Orange account holder you can electronically transfer funds to any person who has any US bank account. You can even schedule a transfer on a future date up to 364 days in advance. After opening an account at ING Direct, all you will need is the name, account number, and routing number. If someone is hesitant to give you that information kindly remind them that those numbers are printed on every check they write. Bluebird by American Express - cost $0 Bluebird is very similar to PayPal, but offers some attractive benefits. First, and formost there is a way to fund your account with credit cards by buying Vanilla Reload credit cards. This is a huge benefit because if you buy the cards ($3.95) from Office Depot you can get 5 Ultimate Rewards points per dollar with an Ink Bold credit card. Bluebird allows you to send money electronically to friends and even to send them checks (without a fee). If you want to maximize credit card rewards then sending money via Bluebird is definitely the way to go. Here are more free ways to send money but you will need to research them yourself (I can't do everything for you lazy bitches): Google Wallet Square Cash Chase QuickPay Venmo Popmoney Amazon Payments Last but not least, the one every bitcoiner loves to hate:  Circle let's you send money to anyone, worldwide, without a fee and they get the money in minutes. I use Circle to send money to my daughter at college behind a clickable image in a text and she gets it almost immediately, no confirmation time delay, and No Cost To Send. Anyone that badmouths Circle and says bitcoin is better has never used Circle. i cannot add more. great post ! yes, i make free bank transfers for free and they are instant. ING bank has this feature and many others. Also, the money are in safe; not afraid of a shit hacker/craker. also, the withdrawals are free or charge. if you make a SEPA transfer it can reach to the receiver faster than a BTC transaction |
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I don't think any cryptocurrency will be able to replace Bitcoin at least in the foreseeable future. It's going to happen but when it will take place depends on a lot of factors and it makes it difficult to predict.
That is your prediction and I respect it but I am hoping if bitcoin will not be replace, most of the altcoins will grow, that way it will make a good economy and investors can spread their money which will give them the benefit of minimizing the risk. Yes and bitcoin is too big and king of crypto currency and I don't think that any altcoin has potential to take over bitcoins in future as bitcoin is more popular and it can be also used for online shopping and money transfers which can never be possible with any altcoins. empires fell.... BTC is just a niche e-currency as it was e-gold 10 years ago. now, BTC has a lot of buzz around it because a bunch of sharks saw an opportunity in the end, not too far away in time, BTC will fall and it will replaced with something else. |
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