I find that hard to comprehend. They play it every year on TV at Christmas here in the UK.

Yes, we've been around for coming up to three years now with no intention of stopping! At Magnr we just wished Bitcoin adoption would go quicker already!

Thought I'd share this . Have a good day!



https://twitter.com/magnr/status/656777408100618240

The rebrand was just completed and launched this week!

This is correct waterpile. Each and every withdrawal is subject to human audit to maximise security. Something we take very seriously.

Hey monbux.

Our storage partner BitGo provides a basic level of theft insurance, as detailed here:

https://www.bitgo.com/insurance

We currently do not provide additional insurance against default of our exchange partners but have limited measures in place to mitigate our client exposure to them. Please be aware of this.

Additionally, deposited funds are internally segregated by risk so that we are never taking more risks with our client holdings then we need to.

Hope that answers your question

Correct ranlo. I'm Joe, the founder of Magnr. Trust to us is more then a badge on this forum as we tend to notice a lot of trolling here which is unfortunate.

Trust for us is giving full and public visibility to everyone of all of our team members through their LinkedIn profiles. Trust is us using our real names, and real identities. We publicly display our incorporation details and office address on our site. If any forum members would like to come in and meet the team, then feel free to reach out to us directly (message us on our support email).

We also work with UK regulators and push for a positive regulatory stance here in the UK with agencies such as the FCA.

When individuals choose to deposit with us, yes, we will become a risk-counterparty to our client. It is important for everybody to understand this and it is something we do not hide. As with all things in finance there is risk everywhere, practically speaking I would ask every customer to do their own due-diligence on us as a company. For those comfortable with the risks involved in depositing with Magnr.com, then we aim to serve you to the best of our ability and thank you for the trust you place with us.

If you are uncomfortable with third parties controlling your coins, then a personal wallet where you can control your own private keys is your best bet.

Thanks for letting us know +Bitcoin, this was reported by another user and fixed immediately.

The bug was caused by ongoing integration work as we begin merging btc.sx and magnr.com under one domain name.

I think this is genius. Clever thinking....

August interest has been paid out.

Changes in September include increasing deposit limits from 10 BTC to 20 BTC.

Sure, for those that are investment smart and able to trade and guarantee returns, this may not be the product for you.

If you are sitting on a bunch of bitcoins and are not interested in the risks involved in trading them, then Magnr will give you a stable predictable rate of return for a lower risk. The closest analogy would be like a 'managed' bitfinex swap.

I never knew he was a singer!

Hi SFR10,

After 2016, we will switch to a fully floating variable rate. We're aiming between now and then to establish our business so that on switch we can honour above 2.18%. We'd rather under promise and over deliver to that degree 

Hi there armouretpaix, 2.18 is the annual equivalent rate, so each month you will receive roughly ~ 0.018167 BTC interest on a 10 BTC deposit.

Deposits are paid on a pro-rata basis as well from the first deposit. When you deposit mid-month, on 1st of next month, you will get paid interest for the number of days you had savings in your account.

What I found most interesting about this is that the stance after his speech was clarified.

Ie. he asked one of his policy makers what he should have said, and got them to send that to media to back up the story.

Our payouts are calculated daily but the payout is done monthly (usually on the last day of each month).

June interest payments have been made for over 200 btc worth of Assets Under Management. Welcome to the new era of digital currency asset management

Bitcoin +1
Traditional Finance -1

Hi favdesu,

Not at this stage. Our reason behind it is that firstly we do not want to run hot wallet infrastructure to maximise our security of client funds. Second to that we are keen not to promote the use of this investment service as a wallet. There are plenty of great wallet services out there and we would recommend our customers to treat the funds invested separate from a transactional balance and wallet. (much like you would in the fiat investment world)

That functionality is being pushed into production this week . (the underlying infrastructure already exists on BTC.sx, we are in the process of enabling it for Magnr.com)

And here is what the account screen looks like.



Our stance is to rebuild financial services from the ground up. We've taken our collective experience from the field of banking and finance and want to make Bitcoin the #1 currency in the world.

The financial services and banking industry has never had a worse reputation. We hope to change that by speeding up the digital currency revolution.

London has been the global hub of financial services for decades. By being based here, we get access to both the traditional finance industry and leading regulators too (which we are hoping influence in a positive way).

If anyone else would like to visit us and share a morning coffee, you are more then welcome.

Please email us on support@btc.sx or PM me (or the user Magnr)