 |
July 20, 2017, 12:14:11 AM |
|
Based on my understanding of contract law I feel I've been scammed by Blockchain.info and Coinify but I am new to the world of crypto so I'd be grateful for other views. This is what happened to me last weekend:
1. On Sunday morning (UK) I went to the very clean interface at Blockchain.info and inserted £800. It appears at this point Blockchain.info contacts with it's exchange partner. The interface then told me that would buy 0.52 BTC. Important legal point, I believe >> I clicked the button 'Buy Bitcoin' <<
2. On Tuesday, I received 0.47 BTC. The market had subsequently moved (to around £1, 780 BTC)
Subsequently, I was informed I didn't buy BTC on Sunday morning (despite the current market price being offered and the button saying 'Buy Bitcoin'). Instead, Blockchain and/or it's exchange partner had to wait until my bank sent the £800 by transfer.
The result is I ended up buying something at a price I wasn't in control of at a point in time I was unaware of, at a price that I didn't agree (in a deal that is not in any way transparent).
It makes no sense; no one buys something at a price someone else decides.
I feel scammed, ripped off and, based on my understanding of contract law, wronged in law. Fwiw, Coinify is a Danish registered outfit so they comply with normal contract law principles.
What do you guys think?
|
