WEX.nz

[erk]

From the dust of BTC-e comes WEX

WEX. Rising.

15.09.17 12:29 from admin
Dear users!

Team of WEX is glad to welcome you on our new platform!

This is our first official announcement!

We thank all ex-users of BTC-E for their patience at such a difficult moment for all of you guys. We on our part have spent a lot of efforts and energy to create a new platform for trade in the shortest time limits. Our platform will operate according to AML/KYC laws and world legislation in this field. You can find all the detailed information here https://wex.nz/page/1

We would also like to thank the technical team of btc-e for their professional help of transferring digital profiles and data of users and also want to emphasize that our company did not cooperate with BTC-E Always Efficient LLP in any way and did not receive their funds.
General information explaining the state of things will be posted regularly on our news channel. Every individual case will be revised by the support and all the confidential and private questions will be answered in the personal account.

We will try to answer the most popular questions here and add new updates regularly, because our platform is developing quickly and new services and functions are added on a constant basis.

But for transfer of balances, bonus crypto-tokens will be credited to every user account 61.79/38.21 (%), that can be traded and used through wex-code. You can find more detailed information here: https://wex.nz/tokens

Our platform will work in a test mode for general security reasons, to test how all blocks work. Daily limits will be set for withdrawal (you can find information about them in your account), they will be removed in future. Test mode will be enabled from 3 to 7 working days. After this period is over, the platform will work without limits, thank you for your kind understanding.

A cooperation agreement has been signed with a network of verified exchange services (agents), that will give us a possibility to withdraw and deposit USD/EUR/RUR with minimal fees applied, in a way comfortable for you in different parts of the world.
The list of official partners working with us today:
https://100monet.pro/
https://ultrachange.biz/
https://jojo.cash/
https://www.advcash.com/
https://perfectmoney.is/
The list of methods of deposit/withdrawal of WEX-code available through the network of agents/partners.

Webmoney
Yandex money
QIWI
You can change sums less than 10 000 USD through exchanges, bigger sums should be changed through VIP service on https://vipwex.kayako.com/.
Sepa/Swift from 20 000 USD VIP service https://vipwex.kayako.com/ , less agent exchanges.

Banks:
Sberbank
Alfa-Bank
Tinkoff
Privat 24

Cash:
Russia
Moscow, Saint-Petersburg, Ekaterinburg and all large cities with a delivery to different regions.
Ukraine
Kiev, Kharkiv, Odessa, Lviv with an option of delivery.
Belarus
Minsk + delivery
Kazahstan
China
Thailand
Hong Kong
Makao
Europe



Also about 20 exchanges are under verification now
If you want to become our trusted exchange-partner, please leave a request here. (https://wex.kayako.com/ru/conversation/new/24).


Due to a large demand among our customers, we are launching a VIP section for trade of large quantities of cryptocurrency. If you want to deposit/withdraw more than 100k USD, please send us a message https://vipwex.kayako.com/ and our manager will tell you about the best conditions on the market. Our exchange will be a garant in the deal, automatic escrow service will be available in the near future.

Careers
Due to the development of our platform and related projects, we regularly receive requests for IT development of blockchain solutions from our partners. That is why if you are a specialist and professional in this field, we will be glad to see you in our team. You can send your resume or a cover letter here:https://wex.kayako.com/ru/conversation/new/11

Now we are conducting an active development of the following directions:
investments, trading, arbitrage, consulting, mining, ico, exposure of pyramids. Please follow the news to know more about those branches.
We are always ready for cooperation and if you can offer us a partnership or advice us some professionals from this field, we will gladly listen to you.
We believe tah blockchain will change the future, will become an alternative of the existing corrupted finance system and that it will unite people under noble economic goals.

Thank you, that you believed in us. Thank you that you are with us.

With respect, WEX team.

Source https://wex.nz/news/1


It gets better, from the Terms and conditions

By using WEX Services you further agree to the following statements:

1. represent that you are:
(a) NOT an individual who is a resident of the United States of America, its territories or possessions, any state of the United States of America or the District of Columbia (the “USA”);
(b) NOT a corporation, partnership or other legal entity formed under the laws of the USA;
(c) NOT an agency, branch or office located in the USA of a corporation, partnership or other legal entity that was formed under laws other than those of the USA;
(d) NOT a trust of which any trustee is described in (a), (b) or (c) above;
(e) NOT an agent or a fiduciary acting on behalf or for the benefit of an individual or entity described in (a), (b), (c), (d) above.

2. Your decision to use WEX services was:
(a) NOT based, at least in part, on information You received or communications You exchanged while You, or the person providing the information or with whom the communication was exchanged, was within the USA;
(b) NOT made inside the USA; and
(c) NOT communicated to WEX from a source within the USA.

Obviously WEX are not interested in trade with the US and being subject to the same nonsense that BTC-e was.

[MAbtc]

I'm really happy to see the guys behind BTC-e make good on their promises -- as expected. It's an extraordinary feat, given the pressure from the US authorities. I wonder how long an .nz domain can last before they have to move elsewhere.

Obviously WEX are not interested in trade with the US and being subject to the same nonsense that BTC-e was.

Are they IP-banning? I imagine not. Any US users better be careful how much you keep there. If you ever get locked out of your account and need to verify, that will be grounds for account termination.

those who refunded the 55% must feel pretty bad right about now

Yes, but I don't think it would have been a bad decision with the information given at the time. Originally, they made it sound like 1) no US users and 2) verification required. It may have been a calculated move to scare the panickers into giving away their money.

[richardsNY]

I'm thrilled to be able to log in and have access to my crypto assets, plus the debt tokens. It was quite a struggle for me to ignore the 55% offer in the first hours, but after became clear that we would lose our debt tokens if we accepted that offer, I decided to wait a longer while -- turns out to be a pretty good decision. I am sincerely hoping that the US government will leave this exchange alone from now on, because as it is right now, they clearly state not to offer their service to US citizens. I like the fact that despite their weird new exchange brand name, their platform remains the same in terms of GUI.

[erk]

I'm thrilled to be able to log in and have access to my crypto assets, plus the debt tokens. It was quite a struggle for me to ignore the 55% offer in the first hours, but after became clear that we would lose our debt tokens if we accepted that offer, I decided to wait a longer while -- turns out to be a pretty good decision. I am sincerely hoping that the US government will leave this exchange alone from now on, because as it is right now, they clearly state not to offer their service to US citizens. I like the fact that despite their weird new exchange brand name, their platform remains the same in terms of GUI.

On the surface it looks like BTC-e sold their client base to WEX who are based in Singapore with the appropriate licenses there.
If the US want to tackle them good luck.

[OMlite]

Guys, what's your plan about the tokens?
Hold, trading, selloff to reduce losses.
If I am not mistaken, they cannot be traded above their rightful value ( 1btc=1btctoken ) or, something like, WEX will redeem tokes at max their rightful value 1:1

[erk]

Guys, what's your plan about the tokens?
Hold, trading, selloff to reduce losses.
If I am not mistaken, they cannot be traded above their rightful value ( 1btc=1btctoken ) or, something like, WEX will redeem tokes at max their rightful value 1:1

Traders don't plan, they trade. Only investors plan, and they hold.
Choose your weapon.

[MAbtc]

Guys, what's your plan about the tokens?
Hold, trading, selloff to reduce losses.
If I am not mistaken, they cannot be traded above their rightful value ( 1btc=1btctoken ) or, something like, WEX will redeem tokes at max their rightful value 1:1

Well, of course they can't trade above the face value. Who would pay more than that? They are worth (face value) - (time to be repaid) - (chance of not being repaid). That's my take on it, anyway.

As for plans... I hate to offer advice. I think they might be pumped and dumped like the BFX tokens were, so it might be possible to get a good deal of your money back without waiting too long. But who knows? They could collapse, too. If you hold them, then pray for no bad news.

[bitcon]

I'm incredibly impressed to see such a nice renaissance of this exchange. Long live for developers!
Will wait little bit for things go normal and will use it again!

[timerland]

Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.

Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.

Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.

[erk]

Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.

Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.

Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.

That's because a lot of fiat holders are jittery and trying to rapidly convert to crypto so the price gets bid up. It will settle after fiat people verify and can deposit/withdraw comfortably.

[exstasie]

Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.

Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.

Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.

That's because a lot of fiat holders are jittery and trying to rapidly convert to crypto so the price gets bid up. It will settle after fiat people verify and can deposit/withdraw comfortably.

I'm hoping that this is the case. What is so interesting to me is that there seems to be a price correlation among exchanges facing the CIS countries. Exmo is also trading a couple hundreds of dollars higher than the western markets. My Ukrainian friend tells me:

in ukrainian exchange its actually 4200
i guess its russian correlation
also included CIS

So it seems that WEX.nz is still considered the dominant exchange for price discovery in the CIS countries. And the [hopefully temporary] price premium is more or less universal.

[romani245]

I'm incredibly impressed to see such a nice renaissance of this exchange. Long live for developers!
Will wait little bit for things go normal and will use it again!

Personally, I'm nervous to use the exchange due to their affiliation with the previous one. And they're pretty open about it too with the whole token distribution. Nevertheless, it's awesome to see them online again. I always loved their trading interface and trading engine -- always lightning fast and accurate.

And it's great to see that people are getting a good deal of their money back. I always considered BTC-e to be one of the most honorable exchanges and they haven't let me down in that respect. That damn FBI, though..... they could still come knocking.

[taserz]

Round 2 FIGHT!!!

I wonder if Wex will stick around for a while? Thoughts?

[illinest]

BTC-e rising from the ashes! A more beautiful sight, I do not recall! I'm glad that I held out and waited for the new exchange to open. Everything seems to be working smoothly. I won't keep all my funds here, but I will keep something there to trade and support the site.

Round 2 FIGHT!!!

I wonder if Wex will stick around for a while? Thoughts?

I'm not sure what to think. I think they'll be around for a while. But if the FBI really wanted to come after them again, it would probably be after a year or two. Right? I mean, this is sort of uncharted territory!

[btcney]

It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.

However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.

But at least it won't be the US gov again, because they are not offering their products to them(smart move).

[erk]

It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.

However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.

But at least it won't be the US gov again, because they are not offering their products to them(smart move).

What an epic load of crap.
WEX is not an anonymous company, it's licensed in Singapore and the address and contact details are there for all to see.

Stop spreading your FUD.

[Dideki]

I tried to deposit from advcash, "server error", and my balance 0...
I write for the support.

[btc78]

It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.

However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.

But at least it won't be the US gov again, because they are not offering their products to them(smart move).

They are also KYC/AML compliant so I'm assuming that every traders would have to submit all relevant information to them to prevent a similar incident. I consider this a smart move as well so that a shade of doubt will be erase from the new company. I think this is the issue they had with the now defunct BTC-E, which the Feds claim was designed so that criminals could do transactions.

[Slow death]

WEX is not an anonymous company,

Eh? what is the name of the owner of the company and why would they just post update in the russian section and also have this:

" “I do not consider myself guilty — The fact that I worked for BTC-e and did my job, it’s not justifiable to accuse me of it,” Vinnik explains to the news outlet Russia Today (RT). "

it's licensed in Singapore and the address and contact details are there for all to see.

Are you talking about this:  " 77 HIGH STREET #09-11 HIGH STREET PLAZA SINGAPORE (179433) "

[figmentofmyass]

It's a good thing that BTC-e has come back strong with another brand name. I think that this is necessary to prevent unneeded speculation on whethr the exchange is going to get shut down again.

However still, i think that the confidence of users in BTC-e has definitely faltered. People realize now that with such an anonymous company you have to rely on the admin's word and even though they did reimburse everyone this time doesn't mean that they will next time.

But at least it won't be the US gov again, because they are not offering their products to them(smart move).

What an epic load of crap.
WEX is not an anonymous company, it's licensed in Singapore and the address and contact details are there for all to see.

Stop spreading your FUD.

if they are not anonymous, can you name the owners? do you see an "about us" somewhere that shows the "WEX team" and maybe gives us some faces to look at? maybe a linkedin profile or two? these things are easy to come by for other major exchanges.

look, i loved btc-e, but let's not act as if WEX appears 100% above board. shell companies are great, and the owners are just as anonymous as ever. the last business address i recall seeing from btc-e was in malaysia -- what does it matter now?

it's licensed in Singapore and the address and contact details are there for all to see.

Are you talking about this:  " 77 HIGH STREET #09-11 HIGH STREET PLAZA SINGAPORE (179433) "

it's just a virtual office. it's typical btc-e, hiding behind shell companies. see here: https://enstoncorp.com.sg/