OKPay. Be careful!

[recome]

thanks for the info! 

[chdrg]

Thanks for your information.

[imlmh]

Thanks for your information.

[pass]

3q

[chrxpch]

Be careful!

[chrxpch]

Hello everyone!

[Open4lies]

6. It seems to me this sort of action could be the cover for a scam. If they take orders, then delay actioning them for days, if BTC moves against the customer then they just complete the order late, and he has little to complain about. If BTC moves with the customer then they just reverse the transaction with some lame explanation (not enough bitcoin)  and keep the transaction on their own account, thereby making 6k risk free effectively with my capital.

I agree, but they as well can have shitty software and not rejecting your 500 btc order immediately because they dont have enought USD at mtgox to buy the 500 btc

[lak]

Hello Open4Lies

Thanks for the reply.

Oh, i agree entirely that my last point is entirely speculative, and possibly a little paranoid. But their reluctance to provide me with any sort of explanation beyond repeating the 1 line `We didnt have enough BTC` filled me with suspicion. Why not just provide me with a cogent explanation rather than trying to fob me off with just a few words?

I have asked repeatedly for an explanation - it is quite beyond me why they didnt just explain properly.

LAK

[dongdelaop]

谢谢提醒

[freebbay]

感谢您的信息。

[zt160j]

Be careful!

[cryptofreak]

OKpay is not OK ?

[lak]

They are OK. THe problem is with the `pay` bit.

[feidie]

Be careful!

[gettincoin]

Hard to be OKPay, without the OK Pay part.... 

I've been using BitInstant and have had instant success with them...  Highly recommended thus far.

[thank]

Caution is the boat!

[CompNsci]

OKPay also seems inconsistent on their pay through to BTC exchanges, such as BTCe. They are also prone to changing policies, like whether you can or cannot send money to BTCe, without any advance notice.

[Pentel]

I use them for small amounts and because it's the only easy way to get Bitcoins.
Load money in your wallet send said money to my bitcoin address 

[lak]

I have finally had a further reply:

We will update the withdrawal form and introduce a withdrawal limit (limited to the amount of available reserves), once again we apologize for the inconvenience

Still no meaningful explanation.

As i said, i have either been treated with contempt or exploited to provide risk-free profit for them. I guess i will never know as they seem incapable or unwilling to provide a response of more than 25 words.

A friend suggested that if they are no longer dealing with Mt Gox, maybe they are restricting themselves to using `clean` mined ie freshly minted bitcoins, and therefore have a very modest  and limited supply. Or that is just an excuse to rip off customers.

Good luck if you continue to use them!

LAK

[bezzeb]

For BTC / Mt. Gox users, this thread doesn't matter much any more as OKpay is useless for buying BTC from Mt.Gox now.

To see Mt. Gox's position on OKpay from May 28, 2013:
https://mtgox.com/pdf/20130528_okpay_statement.pdf

FYI, i've used OKpay successfully in the past but do not use them any more because of the above.  I don't think they're criminals, but others think differently - be safe and be smart.  Make your own choice.