WMX – the new type of title units
Posted on 16 May 2013 by Пpecc-цeнтp   

The new type of title units named WMX has come into service at WebMoney Transfer system.

WMX is a unit of measurement delegated by WebMoney Transfer users and stored in the Guarantor`s (INDX Transactions LTD) storage for property rights to publish entries in the distributed transactional database of the bitcoin.org peer-to-peer network.

You can perform operations with X-purses using ether WM Keeper Classic ver. 3.9.9.1 or WM Keeper Light. WMX funding and withdrawal are available at wmx.webmoney.ru service.

Please read the rules of WMX funding/withdrawal and the Agreement on Property Rights Keeping.

After depositing bitcoins to be stored in the Guarantor`s storage, the WebMoney Transfer user can exchange them into WMZ, WME or to other title units at wmeng.exchanger.ru and make a purchase at any of tens of thousands online-shops connected to the System.

WMX funding/withdrawal gateway

The service of keeping and transferring your BITCOIN ownership rights is provided by INDX Transactions LTD, the WMX Underwriter. The terms of service providing are set forth in the Agreement (Agreement on Property Rights Keeping), accepted by WebMoney Transfer system users upon creating X-purses. Your BTC ownership rights being kept are verified by depositing the corresponding amount of WMX (warehouse's receipts) on your X-purse. The Underwriter has set rates: 0.001BTC = 1 WMX.

Depositing WMX to your purse is executed by The Underwriter only after receiving over 6(six) bitcoin.org peer-to-peer network database verifications of your BTC transaction to the address provided by The Underwriter.

The Underwriter accepts any amounts of BTC for keeping, but depositing WMX to your purse is executed only for the amounts exceeding 0.0001 BTC.

Withdrawing BTC is possible only for the amounts exceeding equivalent of 1.00 WMX. The Underwriter’s withdrawal fee is 0.0005 BTC (paid by The Underwriter upon making a transaction).

WebMoney is an electronic money and online payment system (transactions are conducted through WebMoney Transfer). WM Transfer Ltd, the owner and administrator of WebMoney Transfer Online Payment System, was founded in 1998 and is a legal corporate entity of Belize. Originally targeted mainly at Russian clients, it is now used worldwide. The company claims to have more than 11 million users.[1]

And actually we have the new Bitcoin exchange! https://wmeng.exchanger.ru

BTW, bad news for Americans.

And their transfer fees are low.

OK so I'm in the UK and buying into bitcoin seems easiest by using localbitcoins or bitbargain.  However cashing out of bitcoin seems less straightforward.  Am I correct in thinking with the aid of WebMoney I could take my money to an online casino/poker site and then withdraw it from there?

Let's back up a little.  This is not a "somewhat complicated" system - this is a very complicated system.

So I can put bitcoin in.  It becomes WMX.

I can trade it against WMZ (USD) or WME (Euro).

What can I get out, and how?  Do I have to take out only what I put in (bitcoin), or can I get out any currency that I have traded for - and, if so, how?  SEPA?

Of course my big question, being in the U.S., is can I use a VPN with a European exit node or Tor, and deal through a Euro account in the EU?  Not much point in learning the system if I can't...

Anyone have those answers?