Official CaVirtex.com Thread

[Bobsurplus]

Ive been using virtex since late 2011, cashed out 20-30000$ through this exchange, NEVER had a problem!  If youve had a problem with virtex, will you please tell us your problem?  Ive reread this thread and it just seems like you turn on virtex for no real reason?  I keep a lot of money in my bank too and I do confess, I dont know anybody's name there and I dont care too.  Rule #1 NEVER, EVER KEEP YOUR COINS AT AN EXCHANGE!  Send to sell, never keep there!  If your day trading, well thats a risk.  btw...i got hacked at the end of dec, hackers couldnt get my coins at virtex, they were safe. I sold them all and sent the money to the bank and cleaned my computers.  thank you virtex, i lost $2000 in ltc but saved $10 000 in btc.  Hackers popped a message saying my wallet password expired,lol...

That's great, I'm seriously glad that everything worked out for you. I never said anything about Virtex losing client funds or getting hacked so if anyone got that impression from my posts please accept my sincere apology.

I'm just trying to point out to any newcomers that "where theres smoke theres fire" also, comparing banking with a CIDC insured bank is not the same as dealing with Vitrex and their CS reps wearing peejays or hanging with some friends when your call for customer service comes in.

FAKE NAMES
NO REAL ADDRESS
LYING ABOUT MSB LICENSE (you cant believe they slipped up and just made an error on the wording both in the thread and on their own site, this was done to manipulate)
CS REPS WORKING FROM HOME IN CONTROL OF ALL YOUR PERSONAL INFORMATION.

At least Mtgox had an office with employees who worked at the office, not at home in their undies.

Once again, I'm glad you saw amazing returns and got everything out safely. I'm just on a mission to save people from any future heartache that may come due to the incompetence of the Virtex team.

[kingofspain]

I don't really get the controversy.

I dunno about the MSB licence/registration issue, I'll leave that to someone who is qualified to discuss it (and I don't know who here is). But the address and CS names thing seems pretty innocuous; lots of people in the BTC exchange business get targeted by hackers and criminals, so it hardly seems odd that they'd put their company address behind a P.O. box, or use pseudonyms when dealing with clients over the phone. I've worked CS jobs before, and when you're dealing with the internet you will always be dealing with crazy people. I certainly don't want them to know my name.

Plus, I don't think there is any law that says CS reps need to use real names, or the address be an office. If I go talk to EA or Steam support, the name I see on the screen probably isn't the real name of the CS rep, but I don't care about that. What matters is that the service is good and the company is accountable. I haven't used the VirtEx site a lot, but so far I've had no big issues.

kingofspain, I spoke with our compliance office, and the appropriate word to use is "registered" Money Service Business, not "licensed." I have corrected the word in my original reference (post #517).  

Thanks. No big deal to me - as I said before, it's not 'money', so an MSB license seems kind of silly... but it's better than nothing. Hopefully it's made official eventually... did FINTRAC give you guys a timeline or requirements for making that happen? If bob is correct, I'd expect they'd force you to drop it pretty soon. Otherwise anyone could claim it, and there's plenty of exchanges that haven't... maybe they just didn't think of it.

Edit: Remember kids, capslock is cruise control for cool!

[Bobsurplus]

I don't really get the controversy.

I dunno about the MSB licence/registration issue, I'll leave that to someone who is qualified to discuss it (and I don't know who here is). But the address and CS names thing seems pretty innocuous; lots of people in the BTC exchange business get targeted by hackers and criminals, so it hardly seems odd that they'd put their company address behind a P.O. box, or use pseudonyms when dealing with clients over the phone. I've worked CS jobs before, and when you're dealing with the internet you will always be dealing with crazy people. I certainly don't want them to know my name.

Plus, I don't think there is any law that says CS reps need to use real names, or the address be an office. If I go talk to EA or Steam support, the name I see on the screen probably isn't the real name of the CS rep, but I don't care about that. What matters is that the service is good and the company is accountable. I haven't used the VirtEx site a lot, but so far I've had no big issues.

kingofspain, I spoke with our compliance office, and the appropriate word to use is "registered" Money Service Business, not "licensed." I have corrected the word in my original reference (post #517).  

Thanks. No big deal to me - as I said before, it's not 'money', so an MSB license seems kind of silly... but it's better than nothing. Hopefully it's made official eventually... did FINTRAC give you guys a timeline or requirements for making that happen? If bob is correct, I'd expect they'd force you to drop it pretty soon. Otherwise anyone could claim it, and there's plenty of exchanges that haven't... maybe they just didn't think of it.

Edit: Remember kids, capslock is cruise control for cool!

I have a quick question for you. What do you mean when you say its not money? what is not money?

[moriartybitcoin]

The owner of CaVirtex is a known scam artist. He has been selectively scamming for years.  Here is what happens on CaVirtex:

1. large deposits get randomly 'frozen' - there is no way to unfreeze them.
2. they suddenly freeze your account, requesting more 'verification' even though you are fully verified
3. they freeze your account (and seize your funds) if you access the site from an unauthorized IP address, like TOR (this happened to me personally)

Don't use CaVirtex or other exchangers which demand ID.  They are reporting to Fincen, IRS and (in the case of CaVirtex) Canada Revenue Agency.  Not only will they rip you off, they'll report your transactions as well. 

Imagine if someone robs you at gunpoint then calls the cops and tells them to arrest YOU. That's what CaVirtex and Joseph David are up to!

I suggest you read this warning: https://bitplastic.com/bitcoin-warning

Dr. Michael Moriarty

[_mr_e]

Wow what is with all the virtex hatred today?

1. large deposits get randomly 'frozen' - there is no way to unfreeze them.

What are you talking about? I have made many large deposits and this has never happened to me. Do you have any evidence of this or are you just pulling it out of your ass?

2. they suddenly freeze your account, requesting more 'verification' even though you are fully verified.

It is plainly stated on their site that dealing with over 20k in a single month requires that you obtain a letter from your bank. When this happened to me it sucked but I got the letter from my bank and the funds were released that evening. This is a one time event and I have not been bothered by it since.

3. they freeze your account (and seize your funds) if you access the site from an unauthorized IP address, like TOR (this happened to me personally)

Obviously. It is a security measure to prevent hackers from gaining access your account.

Don't use CaVirtex or other exchangers which demand ID.  They are reporting to Fincen, IRS and (in the case of CaVirtex) Canada Revenue Agency.  Not only will they rip you off, they'll report your transactions as well.  

Are you serious? This is the law, of course they will be doing this just like every other financial service. Go drop your coins on btc e if you wish to avoid this but don't come crying when that party comes crashing down.

Imagine if someone robs you at gunpoint then calls the cops and tells them to arrest YOU. That's what CaVirtex and Joseph David are up to!

You sir, are an idiot.

[bittydude]

Il tell you my experience;

back in 2012 Joesph would answer the phone himself. Back then there was a EMT withdraw option and a static amount virtex allowed for all users for that 24hr window. I would call him up and he would have no problem lifting the limit 3k for me and stay on the phone to make sure it went to me.

I am fully verfied documents + phone call "interview"
I have there debit card.
I just did the micro deposit verification also.

Virtex has treated me well, as i have treated them well in return with paying higher then normal fees.

With all that said,

I have cashed out over 120,000$ with virtex. If i played my cards rite it would have been 1,200,000$++

I am upset about the slow debit withdrawls, i forgot my pin and tried a 25$ withdraw to my debit "same business day" just simply isnt true.

Lets make 1 thing certain, if my account was ever comprimised on there end. I live very close to Pearson international and i would be in Calgary same day rolling heads.

[bittydude]

@_mr_e

A few different customer service reps have told me they do not "give" CRA our details. Although if requested, they would be handed over. LOL i hope they were telling me the truth.

[Bobsurplus]

Il tell you my experience;

back in 2012 Joesph would answer the phone himself. Back then there was a EMT withdraw option and a static amount virtex allowed for all users for that 24hr window. I would call him up and he would have no problem lifting the limit 3k for me and stay on the phone to make sure it went to me.

I am fully verfied documents + phone call "interview"
I have there debit card.
I just did the micro deposit verification also.

Virtex has treated me well, as i have treated them well in return with paying higher then normal fees.

With all that said,

I have cashed out over 120,000$ with virtex. If i played my cards rite it would have been 1,200,000$++

I am upset about the slow debit withdrawls, i forgot my pin and tried a 25$ withdraw to my debit "same business day" just simply isnt true.

Lets make 1 thing certain, if my account was ever comprimised on there end. I live very close to Pearson international and i would be in Calgary same day rolling heads.

LOL, where would you roll those heads? The UPS store mailbox? You gonna wait for joseph to come get the mail...hahaha

[bittydude]

No physical address?

[_mr_e]

They have a physical address. I happen to know for a fact that their bank knows where it is, it is just simply not public information. Nor does it need to be.

[Bobsurplus]

No physical address?

Nope, just a UPS store mailbox.. don't listen to Mr-e the virtex shill

[Bobsurplus]

They have a physical address. I happen to know for a fact that their bank knows where it is, it is just simply not public information. Nor does it need to be.

I happen to know..... that you are full of shit!

[bittydude]

Getting a little hostile are we?

I do believe they should have a physical/documented location other then a mailbox.

[Bobsurplus]

Sorry guys,

I have just been advised to not post any information regarding who I'm in contact with and their responses.

I can tell you multiple agencies are looking into the lies, misleading info and careless regard for clients privacy that Virtex has been involved in.

If this changes and I can post more info I will but at this time I can no longer post updates.

[_mr_e]

Sorry guys,

I have just been advised to not post any information regarding who I'm in contact with and their responses.

I can tell you multiple agencies are looking into the lies, misleading info and careless regard for clients privacy that Virtex has been involved in.

If this changes and I can post more info I will but at this time I can no longer post updates.

bwahahahah.... bye byeeeeee:)

[Bobsurplus]

I'm not going anywhere.. I'll still post on this thread to make sure anyone new, who may be thinking about using virtex will have the full story about these lying sack of shits, both "joseph" and Mr "fake name business management title Holmes"


LOL.

You guys have no clue whats going on. I can assure you, there are many new eyes in virtex now thanks to me.

You think they can take advantage of loopholes, and mislead clients without the chokehold getting tighter"?

[SgtMoth]

bitcoin jesus is here to save us all!!!!

[_mr_e]

Can somebody please provide an update on this? When can we expect update and financials?

http://blog.cavirtex.com/page/5

Joseph David: "I do intend on paying a dividend once the company shows sustained growth and profitability, and will be providing the next dividend update as well as financials by Q1 2014."

[cavirtex]

Can somebody please provide an update on this? When can we expect update and financials?

http://blog.cavirtex.com/page/5

Joseph David: "I do intend on paying a dividend once the company shows sustained growth and profitability, and will be providing the next dividend update as well as financials by Q1 2014."

Are you going to be going to the Expo next week on Toronto?

If so, this would be a great place to ask Joseph about a dividend update and financials.

I will also be discussing these with him and update this thread after the Expo.

[_mr_e]

Can somebody please provide an update on this? When can we expect update and financials?

http://blog.cavirtex.com/page/5

Joseph David: "I do intend on paying a dividend once the company shows sustained growth and profitability, and will be providing the next dividend update as well as financials by Q1 2014."

Are you going to be going to the Expo next week on Toronto?

If so, this would be a great place to ask Joseph about a dividend update and financials.

I will also be discussing these with him and update this thread after the Expo.

Yes, I'll see you guys there. Thank you.