Have any of you had your issues resolved? just wondering if they are slowly getting through the backlog?

n-gage, has your transfer now been credited to your account?

I received a response asking me to provide proof of the transfer which I have done, which they responded to saying they would now search for the transfer and credit my account once they find it.

How long this is going to take is anyone's guess.

I think its issues like this where regulation for exchanges would eliminate issues like this, I can understand that they are probably a victim of there own success, just like Mt.Gox was but it baffles me that they make so much money.. according to there tax returns yet they do not employ enough staff to keep a tight ship.

I hope for everyone's sake these issues are resolved, however I doubt this is going to happen anytime soon, especially with the holiday season fast approaching.
 

Think its just a waiting game I know many people who also sent in verification documents over a week ago and they have not been responded to.

Its frustrating to say the least, obviously the site is going to have teething problems handling the influx or users and money but they need to really get on top of things.

Almost 3 days with no response here.

Seems to be mixed reports of users being credited as usual or not at all with no response from support. highly frustrating!

Just wondering if anyone else is having problems with bitstamp deposits & support at the moment?
Sent a sizable deposit to bitstamp on friday 22nd and usually bitstamp are prompt at crediting accounts, however still waiting for this to be credited and no response from support in the past 2 days?

Hi, for some reason I can not PM you.. the forum tells me I have sent a message less than 360 seconds ago... which is not the case.

Where are you based? Do you have skype?

So, as some of you maybe aware by my previous thread.

certain events that took over in my work / personal life which halted development of CoinPay.

We are still looking to make CoinPay a reality and have achieved alot of development work and behind the scenes things inplace from company, secure commercial premises, banking, solicitors etc..

However sadly our lead developer Dooglus (owner of bitcoin venture just-dice.com) no longer has the time to commit to CoinPay as his site has been a runaway success, although he said that may change in the future & will still be available to help get to grips with his code if required.

So we are looking to hire a developer that has a credible background within the bitcoin community (preferably someone who resides within the UK, otherwise it makes our journey longer & more expensive for meetings! (although hotter climates maybe considered!)

If you feel that you are what we are looking for please get in touch as we are looking to restart development as soon as possible.
(we are considering taking on multiple developers so if you have expertise in a specific area please let us know as we will eventually need to have a team managing the site)

Contact: scott@coinpay.co.uk
-Please note that for some aspects of discussion you may be required to return a signed NDA & Contract.

Well,
Its been awhile since I have been here! not by choice, just certain events that took over in my work / personal life which halted development of CoinPay.

We are still looking to make CoinPay a reality and have achieved alot of development work and behind the scenes things inplace from company, secure commercial premises, banking, solicitors etc..

However sadly our lead developer Dooglus (owner of bitcoin venture just-dice.com) no longer has the time to commit to CoinPay as his site has been a runaway success, although he said that may change in the future & will still be available to help get to grips with his code if required.

So we are looking to hire a developer that has a credible background within the bitcoin community & preferably resides within the UK, otherwise it makes our journey longer & more expensive for meetings! (although hotter climates maybe considered!)

If you feel that you are what we are looking for please get in touch as we are looking to restart development as soon as possible.
(we are considering taking on multiple developers so if you have expertise in a specific area please let us know as we will eventually need to have a team managing the site)

Contact: scott@coinpay.co.uk
-Please note that for some aspects of discussion you may be required to return a signed NDA & Contract.

We am in london end of next week meeting investors so if you are london based or can make it to london we can arrange to meet you then.

@MGUK, apologies for the delay in response, I took a much needed holiday with the family.

Although the current live site looks incomplete, which it is, this is mainly just design aspects as we have certain functionality disabled before internally tested and also for reasons that we do not want to start without becoming regulated first.

My name is Scott, I'm coming up to the 30 mark & for the past 10 years I have worked for myself starting out in networking and moving through the ranks of web development & internet marketing.

I do not have previous experience in money services directly, but I have enough experience working online to get projects done and im lucky enough to have the finances to hire or put the people in place I need.

The solicitors have handed our fit & proper test's for HMRC & FCA, which we are currently waiting back but there will not be anything stopping those coming back ok.

Also we do not plan on being a faceless company at all, I am the main person driving the project forward, with a small team of developers and designers that have worked with me for years now.

At the moment its me and a small team of those that need to be in place, but as we move forward we will be looking to expand.

@kakobrekla, the stock images are from photodune, which we have indeed paid for. Just not updated the design with the unwater marked versions.

@weisoq, this is just place-holder text & will be updated once we push our next update live.

empoweoqwj, our fee structure if currently not finalized as this will depend on several factors / costs involved to us. (By the way our offices are in a tranquil setting, but not quite Sherwood Forest & no one on the payroll called robin)

Aldur1, this is correct

oblongmeteor,

Yes we have a bank account which is registered in the companies details which was opened with the bank knowing full details of our business plan.
We have been working with our legal team, submitting applications for the required test, registrations and policies in place.

Our legal team has been back and forth with the FCA & HMRC, as you may know if you speak with the FCA they give a very vague output on how things should be regulated so in a sense we will be forcing them to make a decision. (put it this way... if the FCA said we did not need to be regulated then everyone would run an exchange, so that's not going to happen).

We certainly know first hand how much red tape is involved  & the costs in this process & realize that its certainly a tall order in a financial district that does not like change.

We have a couple of options regarding the compliance role, we have been looking for an individual for sometime to fill this role which is easier said than done as most in this role are in a happy place of comfort in there job and very well paid.

Notes:
The current SSL is self signed, we are going through the verification process for our EV level SSL & certificate.

Also there is alot of place-holder text on the design & pages that are disabled / not complete this is both due to fiat systems having to be disabled before we are regulated as well as FCA regulations on how you word your content so we are having all of the formatting, policies etc.. all written up by our solicitors.

Introducing CoinPay.co.uk (Hopefully the UK's First Regulated Bitcoin Exchange).

Important Notice: The system is very much still in beta & running testnet bitcoind

We have decided to showcase what we have so far and to keep everyone updated on our progress from now on. (The system will initially only be available to UK residents with UK bank accounts)

Over the past 6 months we have been working with respected bitcoin developers to build a secure & scalable trading platform for the UK market.

We initially decided to keep our development progress behind closed doors as we did not want to create hype over something that did not exist at the time.

So instead of announcing our plans we plodded along with the development & only shared our progress with a small number of users in #bitcoin-otc-uk & #bitbargain. We have also met a few of the guy's who regularly hang around on the IRC channels and hopefully plan to meet a few more in the coming weeks.

We have been working with solicitors for the past few months going through the tedious paperwork & box ticking required to submit an application to the FCA, we are almost there and hope to have the application submitted within the next few weeks.

We have stumbled into a few hurdles along the way, mainly due to not coming from a financial services background some things have been a learning curve, but we have been working to overcome those hurdles and there is now a finishing line in sight, what the decision from the FCA will be... that will be one to be seen, But we hope that having the right people and a solid system inplace the decision we get back will be the right one.


Now I'm sure that many of you will have questions, so feel free to fire away & we will do our best to answer those as best possible, we want to be as open as we can about everything and really hope the community will get behind us.

Also hopefully some of the UK guys we have so far interacted with can shed some positive light on us as individuals!


Investment Opportunity's
We are currently not seeking any investment at this time, However if you believe that your credentials would benefit the company moving forward & would like to speak with us further in regards to investing please get in touch: info@coinpay.co.uk


Employment Opportunity's

Chief Risk & Compliance Officer:

Are you UK Based & Work or have worked in Financial Services / Risk & Compliance? .. shoot us an email: info@coinpay.co.uk
We would prefer to work with someone who has this experience and knowledge of bitcoin rather than working with a compliance company that has no knowledge of bitcoin.

In my opinion, ASICs are worth the investment if your looking to make a profit long term, There are a few reasons for this but I will just list a couple

1. At the current rate of ASIC Manufactures actually getting a product into the consumers hand if you are only just placing an order be prepared to wait a long time to receive your unit.

2. Only those that receive ASIC's from the first batch's released will quickly recoup there investment because the difficulty will increase and the evolution from utilizing Graphics cards for mining switches to ASIC's as it did before from CPU to Graphics cards. So ASIC's will become the "Norm" for mining.



Now you may want to ask yourself this... based on the current increasing value of bitcoin, would you make more of a profit buying bitcoin now and selling once the price of bitcoin rises? or spending your money on purchasing an ASIC which you may not receive for sometime?

We are requesting to be whitelisted so that we can participate in the main forums
Thank You!

You can use: StrokeScribe
which is free of charge for non-commercial users

The OP makes some very valid points.

Sadly when money is involved it can change a person & greed can take over.
people should really see bitcoin in the same way they see physical fiat or precious metals, something that should be secured to prevent theft.

Thieves do not just exist in the real world, cyber crime is now more than ever a very real and increasing risk.
Due to how bitcoin works once they have been taken there is very little chance of getting them back.

However its not just theft that you are securing yourself from.
As computers can be very temperamental at times and if your storage device was to corrupt you would lose your bitcoins. By backing up your wallet regularly you can minimize this risk.

CoinPay Limited has been developing a secure bitcoin trading platform aimed at the UK audience.
We hope to provide services that will enable the UK to easily gain access to bitcoin, aswell as allow UK based merchants to adopt & accept bitcoin.