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That means, you are a verified organization to use Binance?
Sorry, but don't understand how it goes using binance as your trading platform.
The traders will think, why not use binance itself for security purposes?
What is your assurance that people won't get screwed using your services.
I believe that's one major factor how you can gain the trust from traders.
That's indeed one of the big reasons we have not launched the exchange yet. Trust, it's hard to earn. We use Binance API's to execute the trades on our platform. |
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How are you going to run the centralized exchange minus KYC/AML compliance policy. It may look easy to you, but eventually law enforcement authorities are going to catch up with you.
Correct no KYC/AML just free crypto trading. You must see our service as a platform that can be hosted from anywhere in the world, so it's operated from everywhere in the world. One day and exchange like Binance may block a user's funds and will request for KYC verification before releasing the funds. How will you go about this?
We use Binance internally as an "institution" we are fully KYC/AML verified. User won't interact directly with Binance we only use their "api' for trading and liquidity. |
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Round 2 after huge susses with cripto // debit i wanted to dust off an old plan.
We were building a (centralized) exchange that runs on Binance liquidity which allow user to trade free without any limits and KYC. I would love to get some feedback and ideas. The exchange is already finished. But there are thousands of exchanges to choice from, and I don't know if here is a big interested in this idea. Love to hear your side.
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I like the concept about the cards since I am having a lot of trouble to services that doesn't accept cryptocurrency however upon checking your ANN thread it looks like there are some unanswered questions in the thread also about the last message. Is it only for the reloadable cards or including the the pre-loaded cards?
Hi this announcement is only for the reloadable cards, all other cards will be available as usual. |
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Hi, so what we did is looking at other competitors and lowering the prices where possible. At this moment we are the cheapest service, and we will keep it that way. Also, the funding fees with crypto will go down in a couple of months when we have finished other integrations. Also, we have made cards that you can reload without any additional fees. -snip-
1. We are going live tomorrow 2. The cards are virtual and will be delivered instantly to your account 3. Cards are valid for 2 years. 4. The cards work at any merchant worldwide where Visa is accepted. |
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Btw, You can already create an account to see the interface. Let me know you think.
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I just checked the website and here are some of my thoughts:
1. You're using that even the reloadable card won't need a KYC verification. How did you manage to do that and what changed?
2. On the site, you're saying that the user can use "any name". That doesn't safe at all, does it? What happens if you're required to ask the user to verify his ID due to some suspicious activity?
3. What's the difference between "reloading a card" and "funding the account"? It says 0$ for the former and 5% for the latter. Which one actually takes place when I want to add more funds to my card?
4. Are these fees real? 15% + USD for withdrawing funds to PayPal, SEPA, or anything else is just too much. Why would anyone use that instead of going to a non-KYC P2P exchange and changing his crypto for way lower fees?
5. The reloadable card is also pretty expensive. 65$ for issuing a virtual card?
6. You said the cards can hold up to 4000 USD. Does that mean you can reload the card as long as the overall balance doesn't exceed that amount?
Hi thanks for the questions, 1. We used a different bank that we had previously. They were more open to the idea, and they are a neobank. So I'm happy! 2. Short answer, we will never ask iD. 3. So before you can purchase a card, you will need to fund your account with crypto or perfect money when funding your account you will need to pay that fee. After that you can use your account balance to load or buy cards. 4. We have that option right now to be able to withdraw from your account balance. However, that's not what we want because it's very time-consuming. So that why those fee are high. We are not an exchange. It it's possible that we will disable that feature in the future. 5. We only make a little bit of money when you purchase a card, so if you buy a reloadable card, you can reload that card for free and don't need a new one until you hit the threshold of 4000 USD. So in order to keep it fair and square the cost of the reloadable cards are 69.00, but keep in mind we are the only service that provides this. 6. You can reload the card up to 4000 USD after that you need to buy a new one. Best P.s. Also we will have a referral system where you earn 3USD for every card your referral buys. Also we will give 4 free cards to users on this platform to test cards and leave a option. |
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Hello Everybody,
I really appreciate every input so far, really had us good thinking. So I have decided to buy the part of the company and name it CriptoDebit.com.
We will release both products without KYC.
I can also confirm that the reloadable cards can hold up to 4000 +USD, and we will offer preloaded cards up to 2000 USD
The plan is to go live within a week, we need to complete the last API's with our banks, and we need to pass some security test. If everything goes well, we will probably go live on Friday.
Please have a look on the website, love to hear any more feedback and/or ideas. Prices on site may change.
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Do more people have a suggestion and/or opinion? Would love to hear them.
Which countries are available for this virtual card? Is no KYC really guaranteed or not? Is there a need for a collateral here since this is a virtual card and how can you know if the borrower is legit? Actually the idea is great, I just want to know more how it works since the usual card needs your information so they can track you and if you didn’t pay them, you’ll get the bad records on the whole system. Hi, thanks for your response. So to answer your question, this is the flow of the system. 1. User creates an account 2. User needs to fund their $ wallet by using, for example, Crypto(No KYC), PerfectMoney(No KYC), Bank(KYC) or Creditcard(KYC). (Later possible more) 3. User can now buy a preloaded ($25, $50, $100, $150, $200, $250) Virtual Debit cards( No KYC) or they can buy a reloadable/withdrawable card and add funds from their wallet ( KYC needed) (When buying a card you can enter a name and valid address for the card, also can buy as many cards you want with no limit, all card details and transactions are in your dashboard) 4. User can also withdraw from the card if they bought a reloadable/withdrawable card, however also for this option you need to complete KYC. So all cards are preloaded by the user before he can use them. Technically, user from all countries can buy a card. (Except from countries on the US/EU sanctions list) That's it |
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Copy from: Trading Discussion
Hi guys,
So recently I have received an option to buy a company that can provide Virtual Visa Debit Card. However, there are enough of these companies available so I'm looking for a niche.
My plan is to make it possible to buy real Virtual Visa Debit Card (Not a Giftcard) with cryptocurrencies and service like PerfectMoney.
I have 2 products in mind. A refundable and a nonrefundable visa cards
Product 1#
A refundable and withdrawable Virtual Visa Debit Card. (KYC needed)
Refundable with crypto, credit cards, perfectMoney and a couple of local payment methods.
Withdraw from your Virtual Visa Debit Card to: Bank, PayPal and other local methods.
Product 2#
A nonrefundable and non-withdrawable Virtual Visa Debit Card. (No KYC)
You can buy unlimited amounts of pre-funded cards, up to $250 for each card. These cards are not refundable, and you cannot withdraw money from the card. You can only spend the pre-funded amount online.
You can easily manage all your card, buy, fund and withdraw them from one dashboard.
All of these products have a free anonymity option that means you can choose the name on the card.
Please let me know what you guys think. If there is enough enthusiasm, I will buy the company and complete the software.
EDIT: We may also add Physical refundable and withdrawable visa cards.
Love -
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I guess a lot of people would be interested in the second card because of the no-KYC. But the card must work with all big services such as Amazon, Aliexpress, eBay, etc. Coinsbee.com used to offer similar cards which were supplied by Prepaid digital solutions but they were not the best. A lot of people had problems using them as you can see here: https://www.trustpilot.com/review/www.prepaiddigitalsolutions.comAlso, the prices have to be reasonable. EzzoCard also offers a similar service, but they're just way too expensive. Thanks for your reply. Yes, our cards really work like a Debit Card, so you can use it at 99% of services like Amazon, Aliexpress, Ebay etc etc. The service that Coinsbee uses are 3rd party companies from Malta and panama, not that trustworthy. We are only using EU/US based issuers that are fully licensed, no shady offshore companies.
Do more people have a suggestion and/or opinion? Would love to hear them. [moderator's note: consecutive posts merged] |
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Product 2#
A nonrefundable and non-withdrawable Virtual Visa Debit Card. (No KYC)
You can buy unlimited amounts of pre-funded cards, up to $250 for each card. These cards are not refundable, and you cannot withdraw money from the card. You can only spend the pre-funded amount online.
This sounds really GREAT on paper as a privacy-conscious person, but man you're pretty much guaranteed to get pursued by the authorities in the end and be forced to accept AML/KYC. First of thank you for your feedback. So we are using a 3rd party licensed card provider. And yes, we need to follow AML/KYC laws. However, debit cards/gift cards under 250USD do not fall under KYC/AML laws. So if we 100% verify KYC when a user want to fund or withdraw from their card, we are good to go. |
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UPDATE: WE ARE LIVE CHECK THE ANNOUNCEMEN THERE: https://bitcointalk.org/index.php?topic=5391064.0Hi guys, So recently I have received an option to buy a company that can provide Virtual Visa Debit Card. However, there are enough of these companies available so I'm looking for a niche. My plan is to make it possible to buy real Virtual Visa Debit Card (Not a Giftcard) with cryptocurrencies and service like PerfectMoney. I have 2 products in mind. A refundable and a nonrefundable visa cards Product 1# A refundable and withdrawable Virtual Visa Debit Card. (KYC needed)Refundable with crypto, credit cards, perfectMoney and a couple of local payment methods. Withdraw from your Virtual Visa Debit Card to: Bank, PayPal and other local methods. Product 2# A nonrefundable and non-withdrawable Virtual Visa Debit Card. (No KYC)You can buy unlimited amounts of pre-funded cards, up to $250 for each card. These cards are not refundable, and you cannot withdraw money from the card. You can only spend the pre-funded amount online. You can easily manage all your card, buy, fund and withdraw them from one dashboard. All of these products have a free anonymity option that means you can choose the name on the card. Please let me know what you guys think. If there is enough enthusiasm, I will buy the company and complete the software. EDIT: We may also add Physical refundable and withdrawable visa cards. Love - |
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