Documents, whatever those are, are not a valid form of collateral or surety. In the event of a default or scam, those documents are worthless and will not help the lender or investor recover the invested funds.

I suggest you approach banks in Georgia and discuss borrowing the money you need. They are local banks and I can assure you that they will want to see a solid form of collateral, even if you give them all your documents. How much more if you want to loan from someone located outside Georgia? That investor or lender will want to see the loan secured by or with something which can be resold or liquidated if you simply take the money and disappear. Or if your business model fails (for example, if the Georgian government decides to crack down on utility fraudsters a few days after you obtain the loan.

Finding someone here willing to give you USD 50,000 on the strength of an unsecured promise to repay it "whenever" will be harder than attempting to summit Mt Everest in a winter storm.

 

Let's give him the benefit of the doubt (even if it's a waste of time doing so).

So OP, who is the escrow who will hold and keep the bitcoins safe while someone here sends you funds by Western Union? Given that WU imposes limits on transfer amounts, I'm assuming you want to sell the bitcoins incrementally or in tranches?

I am especially obsessed about the escrow part and I hope you will not make this a 1-post disposable account. Explain and discuss the escrowing part of this transaction. Or did you have something else in mind? Skype privately with the naive here? Trick them into sending the WU upfront by showing fake screen shots of blockchain balances or a watchlist address of someone else's 12 bitcoins?

Be man enough to keep your thread alive. It's the least you can do before someone paints your account red.

I have used Chipmixer a few times this month and incorporated all chips into my blockchain wallet. When sweeping the private keys into blockchain, I notice that the fee is set really low. It's automatically set by the blockchain wallet system so I have no way of adjusting it. An example of the fee range is 0.00001. Imagine waiting forever for this to confirm.

I found a tentative solution (tentative because I'm hoping there would be other ways to avoid this dilemma) which is to forward the yet-to-confirm amounts swept from the private keys to another wallet but this time, the wallet allows me to customise the fee on the send page. By using a really generous fee using the CPFP model, miners tend to confirm the entire transaction chain, even those with excessively low fees.

I know this is nothing new but but it's an amazing solution when one is stuck with a low-fee bitcoin transaction paid by someone attempting or hoping to exploit the reversibility of an unconfirmed transaction by intentionally sending coins with almost zero fees.

They won't answer. The standard procedure for investigating transactions they consider suspicious or anomalous is to always maintain silence while inquiries are being made. This is to prevent the "suspect" from doing something that would, if it turns out the funds were from illicit proceeds, pervert the course of justice or destroy any evidentiary trail linking the transaction to the person of interest. Assuming your funds were wired from your own bank account and the source of those funds are legit, then you have nothing to fear. Bitstamp will not steal your funds. You will eventually get your money after they complete their checks and inquiries.

If it turns out that the risks are too high for Bitstamp to absorb, then they will return your funds but you should expect them to close your account. They have done this to some here, especially if they cannot ascertain or conclusively verify the source of (very substantial) funds and your identity.

This is what happens when you trade coins on an exchange with such disrepute and notoriety attached to it's name. It's like this fable about the moth that got burned by the flame because he disobeyed his mother moth’s warning not to get too near the flame. Countless threads here tell the stories of burned Yobit victims and yet more still send coins to this exchange's hot wallets.

So now you have (worthless) coins stuck in this exchange and they are locked and blocked. You can scream and cry here, they don't care. They have a trust rating that stinks to high heaven, a ruined reputation even, and yet you see new naive moths attracted to this Yobit flame daily... weekly.

You are as good as burned. They won't lift a finger to type the magic words we will resolve your concerns immediately.

Yes, this is a major dilemma you need to solve or I would urge everybody here to not send anything to this mixer upfront. Or you can send coins at your own peril.

I suggest you consider escrowing a certain amount of bitcoins with a reputable escrow provider here. A trusted middle man who can hold the coins until you have sufficiently established credibility and integrity over a certain period of time. Without both and most importantly, without a solid element of trust and legitimacy, this mixer will be seen as coin churner for the OP and the claimed developers (if any really exist). A coin scamming website, to put it more bluntly.

Mixers do not evolve overnight. It takes time, trust and a resolute effort to build a stable trust-based relationship with clients. An example of this is the mixer on my signature which has perfected the art of obfuscating bitcoin transactions.



 

Their MyChoice visa cards are issued by Wave Crest which has since been acquired by and merged to Visa International. The cards are valid until 15th October 2017. On that day, all MyChoice visa cards issued to non-EU residents will cease to be valid. Visa intends to restrict MyChoice usage to those who live within the EU only (plus Israel and Turkey).

Cryptopay is transitioning to a MasterCard system. The transition is an immediate one so you can apply for this card now. When fully verified, you can purchase their card. As for non-verified accounts, I am not aware of their limits or if they even allow it for the new card. Check with their staff. They can give you a more authoritative answer about this.

I have been using Cryptopay's Wave Crest visa card since mid-2016 and have only good things to say about it.

Why is it effed up that they're policing users? The site belongs to them and not to these sick gamblers. I do understand you're feeling all hurt and traumatized by the fact that gamblers and advocates of gamblers (like you, as your signature and avatar imply) but live with it. It won't change and it's a good thing.

Exchanges not allowing coinage movements from these thieving casinos have every right to block such transactions. Some of them have partnered with card issuers whose terms and conditions strictly prohibit the use of their cards in relation to gambling. Online gambling is illegal in certain jurisdictions and exchanges do want to operate without the burden of regulatory restrictions. So it's a good thing that they prohibit and block transactions originating from these online casino scams.

That's the right attitude. Being open and willing to use escrow. Without escrow, this would have been a blatant and brazen scam.

But now that you offered to accept and use escrow, this is turning out to sound more like a legitimate and genuine offer.

The entire bitcoins should be escrowed. Even the amount for shipping. Nothing should be paid upfront without escrow because that is what most scammers usually do. They accept escrow but part of the amount must be paid upfront for shipping and taxes. The actual scam is centered on the amount paid upfront. They don't really care about the escrowed balance. To avoid this scam, buyer must have the entire payment escrowed.

Good luck with selling them. Now that you offer to use escrow I'm sure you will soon see posts here from interested buyers.

Why do you think he is asking the impossible? Because you find it hard to scam him when escrow is involved? You shameless and gutless criminal. You already scammed someone earlier on this forum and you are attempting the exact same thing again.

1. OP if you transact with this person, transact with escrow only. This guy thinks you are asking the impossible. He is saying this because he cannot scam when escrow is involved.

2. And you, scammer, why would you say something along the lines of so many things make this not possible? The escrow part doesn't suit you, huh? You should be ashamed of putting food in your stomach paid for with stolen funds.

Why is this guy not yet red tagged? He has just barely escaped it after scamming money from another victim here. And here he is again, brazenly telling a would-be potential victim how he doesn't approve of escrow. It makes it impossible for him to scam this new victim.

Scams here can be significantly reduced by introducing certain restrictions such as newbies not being allowed to use the PM feature. Then from there, more scambusting features would be useful if put into effect. An example would be not allowing newbies to post on certain sections such as the lending page (or allowing them but forcing them to provide collateral information).

What else? Oh yes, there are tons more. For example, a filter system which blocks posts of new members which contain the words PayPal, Skype, phone numbers, website addresses and email addresses.

It's almost similar to saying "i want to create my own bank" minus the brick and mortar branches.

Imagine what you would need to open such a bank. Lots of computing resources, staff (really good and trustworthy staff of course), AML and KYC regs and compliance requirements for the jurisdiction you will operate in (and more if you intend to expand internationally), lawyers who can advise you about incorporation and company creation regs, people who understand financial markets... you need all of those and more.

And then, being a new exchange, the most important element: you need to build trust. You want clients to send bitcoins or altcoins to your hot wallet. That requires trust. You promise to pay them after they execute trades. That requires trust.

It's not as simple as building a website overnight.

This will work nicely if (and only if) you can appoint or nominate a trusted escrow provider to hold bitcoins for potential winners of the lottery. As such, you must have enough disposable capital or crypto resources to set aside and held in a suspense wallet by a trusted escrow offering crypto custodial services. There are several very trusted members on this platform who can do this for a modest fee.

Showing escrowed bitcoins will attract gamblers to buy lottery "tickets" (yes, they are essentially and basically all gamblers since they obviously are betting on either winning or losing the staked win amount). Without escrowed coins, there is no assurance of winning and the entire scheme will have all the colors of a scam in the making. How would you overcome the assumption or rebut the presumption that you might simply take all the funds from purchased tokens or tickets and do a runner? You can't. Humans are a curious and inquisitive race. They tend to doubt, think, speculate and worry about the future. And part of operating a lottery is involving the future or marrying the present with the future.

The next draw date is on...
Winners will be decided on...
The jackpot will be drawn on..

As you can see, lottery is all about the future. And what you do or claim to do in the future is a promise. Promising something always involves trust.

They are probably not familiar with crypto transactions or even bitcoins so they gave you the safe, generic and template-type SEPA only and nothing else line.

By funds only, I'm assuming they want Euros transferred to their IBAN account and nothing else. Being based in the EU, I'm sure they are just as enthusiastic in complying with EU regulations and are probably not behind when it comes to new stuff such as the French decree limiting transaction amounts and requiring KYC for all French residents.

As per their site:

The account opening can be carried out online in less than 5 minutes. The account is then limited in use and can be extended by uploading a copy of an ID document and a proof of residency.

Unlike a traditional bank account, the Sogexia payment account does not offer overdraft nor cheques and works in real-time. Bank transfers are credited as soon as they are received without any additional value day, payments are visible immediately in the transaction history and transfers between two Sogexia accounts are instantaneous. Furthermore, notifications are sent via SMS and e-mail for each past and future transaction (e.g. an upcoming direct debit).

And most notably:

As of today, account applications are open to every European Union resident.

I can imagine their partner banks, BNP Paribas and Raphaels Bank, being not so happy about bitcoin-related payments.

 

I strongly recommend introducing a fee-based system as that would make your mixing business a profitable one. Even if, say, one assumes profit is a secondary motivation (which is a difficult one if one wants to keep any kind of business sustainable and gainful) keeping a business model alive and afloat by relying on donations alone might not provide healthy revenues. If the bulk of mixing are being transacted by certain stingy users (the Chinese are notorious penny pinchers) you might see the service used as a free bridge to cleaning cryptomoney.

Creating all these chips requires time and effort. As an advertiser of your mixer, I am happy to spread the word on this platform but also writing this out of concern that all your time and effort in keeping the mixer operational is not being given the fair and rightful reward you deserve.

You will have to be more specific about how you intend to do the transaction (the how part of it).

Next, you forgot to mention escrow. Without it, you will not get any bitcoins upfront. Not even in small amounts. Edit your post above to include your escrow terms and you will definitely attract people willing to trade with you.

You mentioned you want significant amounts. Transactions should be secured by escrow. (yes, I know, I sound like a broken radio but I can't emphasise enough how important mediation or a trusted middle man is when doing safe transactions). It is a financially life saving must-do.

If you have PayPal in mind, it won't work. Newbie status. Significant amounts. High risk.

Before proceeding with PMs, be transparent and publicly mention here how you intend to do the transaction. Don't forget the escrow topic.

This is what happens when a newbie posts something about buying or selling btc and offering an amount of the kind mentioned above. The entire newbie population starts swarming on the same thread with offers to trade. Now look at threads of established traders here, traders who have a healthy trust rating and who either wants escrowed transactions or upfront payment. Those very same newbies are keeping a wide berth and steering clear of those threads. They know it won't be easy to ask reputable traders here to "send first".

So OP, if you get PMs from tons of people inviting you to Skype, just bear in mind that an escrowed transaction will protect you.

And to those above offering to trade, with good intentions, same advice. Use escrow at all times. Refuse to send first and refuse requests to break down the transaction in small parts but you need to send first.

Be wary and alert when someone honestly completes the initial transaction to win your trust, then proceeds with asking to do the second (larger) transaction on a you-send-first basis.

They probably have a transaction filtration system, channeling all incoming SWIFTs and SEPAs through an AML/KYC filter. They are stricter and slower these days, unlike back in 2013/14 when they simply credited all payments same day. Back then they had issues with their banking partners being watch-listed by most European banks which were blocking payments to/from their commercial accounts in Slovenia. As a result of their licensing and accreditation, they no longer have such problems but they are of course stricter with vetting inward and outward payments, just like any other bank.

When sending payments to them (or outward to your account) ensure that the name matches your KYC credentials to the letter. Put the correct references or transaction descriptors, if any, and no FFC advisories should be linked to the TT/BIC instructions.

I have a feeling you want to sell the "litras" instead of using it as a genuine loan collateral. One of the things I find difficult to believe is the intended repayment based on salary landing on your bank account on 5th October. If you earn USD 8000 per month, wouldn't it make more financial sense to borrow from the bank or to arrange an overdraft? Someone earning 8k USD per month would have credit cards and generous lines of credit.

Contradicting claims and exaggerations are best avoided as they will only earn you a very unsightly red trust rating here.

--
Edit.. rereading your post makes me assume you intend to repay the loan with salary worth 2 BTC plus the 11% you offered. That equates to about 9000 USD. An impressive income (if true). Why would you borrow here if you earn that much? Wouldn't banks be begging you to take loans from them?

You might have forgotten (or intentionally ignored) the fact that PayPal is a reversible and high risk payment method. $500 per day is a lot of money to lose. Even with escrow protection, the coin supplier is at risk of seeing payments reversed up to 180 days from the day of payment.

People with a more established reputation on this platform struggle to transact far lesser amounts by PayPal. How much more if you need $500 per day per person which would exponentially raise the risks involved. How will you guarantee that you won't reverse the payments later? A reputation of 50+ trades on LBC is below average when compared to others who have Pro Trader status and thousands of completed trades.