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Author Topic: Anyone here knows if aurumxchange.com is trustworthy?  (Read 4236 times)
skull88
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December 31, 2010, 11:40:44 AM
 #1

I did some research and they seemed fine, so I ordered some LRUSD with them and paid the ordered amount.

Now I've got an email from them with the following:
"Barclays bank have informed us that your payment for the order has been received, however, as part of their KYC complaiance requirements, they have requested us to provide them with the following documentation from you.

- A clear scan of your National ID document, Driver's License, Passport, or any other government issued Identification document."

It can be perfectly fine, but still I'm a little bit suspicious to send my id, and the story of the bank holding a payment till they get the id of the person who paid it just sounds weird.  Undecided

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mtgox
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December 31, 2010, 12:11:38 PM
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I had to do this also. They seem fine to me I've bought a lot from them.

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December 31, 2010, 02:57:46 PM
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I had no problems whatsoever with buying LRUSD from them and they did no require me to produce any documents. The only thing I was asked to do was to confirm the transfer by sending an email.

Did you pay by wire-transfer?

Bitalo.com coming soon!

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skull88
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January 01, 2011, 12:02:17 PM
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ok, tnx for the reply's.

I'm always a little bit suspicious when it comes to handing over a copy of my id.
But everything went fine.  Smiley

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January 01, 2011, 12:09:52 PM
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ok, tnx for the reply's.

I'm always a little bit suspicious when it comes to handing over a copy of my id.
But everything went fine.  Smiley

Saying that, I provided a scanned copy of my passport and driving licence to http://exchangezone.com about two months ago and never got any reply.

Bitalo.com coming soon!

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nanaimogold
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January 10, 2011, 10:28:32 PM
 #6

The exchanger needs to know that the bank account belongs to the person who placed the order. To avoid this snooping and delay, send your bank wire in person from your bank, not by online method.

The exchanger may have made this requirement in his promise of performance to his national representative of the global police, FATF.

Since cashing out a phished account through a third party can be considered obscuring the origin of proceeds of crime, the crime being the fraud, his MSB licensing authority has required him to find a way to stop such structuring. Making the sender show his ID to match the name on the account is an effective way to stymie this crime.

If you want to remain private in your dealings with exchangers, do all the fraud prevention yourself. In this case, sending the wire in person assures the receiver that you are the true owner of the account.

https://www.nanaimogold.com/ - World's first bitcoin exchange service
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February 18, 2011, 05:15:34 PM
 #7

Hey Everybody!

I am happy to be joining this forum finally! As Shane said (another very reputable exchanger) it is not uncommon for the bank to request KYC information regarding a customer (particularly for high amounts). In addition, in December, there were several bank accounts hacked on Chase bank, and a myriad of banks in Europe. MANY of these crooks used LR exchangers to launder the money due to its irrevocable characteristics, leaving the exchanger with the wire recall and the mess. For this reason, with new clients, we might request documentation supporting the transfer on first transfers, specially those for significant amounts.

Soon we will begin offering automated exchanges between bitcoin and LR. We are working with mtgox on this (a very good customer!). LR to bitcoin exchange will be instant, bitcoin to LR will be automated, but not instant (the system will require at least two confirmation before it can release the LR payment).

In addition, we are going to be offering the possibility to load our INSTANT load VISA card with either bitcoin or your mtgox balance. Stay tuned! Smiley

Roberto
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February 19, 2011, 12:48:05 AM
 #8

Hey Everybody!

I am happy to be joining this forum finally! As Shane said (another very reputable exchanger) it is not uncommon for the bank to request KYC information regarding a customer (particularly for high amounts). In addition, in December, there were several bank accounts hacked on Chase bank, and a myriad of banks in Europe. MANY of these crooks used LR exchangers to launder the money due to its irrevocable characteristics, leaving the exchanger with the wire recall and the mess. For this reason, with new clients, we might request documentation supporting the transfer on first transfers, specially those for significant amounts.

Soon we will begin offering automated exchanges between bitcoin and LR. We are working with mtgox on this (a very good customer!). LR to bitcoin exchange will be instant, bitcoin to LR will be automated, but not instant (the system will require at least two confirmation before it can release the LR payment).

In addition, we are going to be offering the possibility to load our INSTANT load VISA card with either bitcoin or your mtgox balance. Stay tuned! Smiley

Roberto


Thats awesome news Roberto.
nanaimogold
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February 21, 2011, 06:54:55 PM
 #9

Nice to see you here Roberto. I wrote you a great long post but decided against it because I was getting to esoteric matter that is not suited to a public board.

Best wishes,

Shane

PS are you aware of this?

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Members of the GDCA may sign up for a GDCA discussion list (this list is not for complaints, see complaint form on top) to discuss the digital currency community, exchanging funds, business ideas, strategies, marketing, etc. This is not an advertising list, but a business-to-business discussion list for GDCA member businesses (with functioning websites) only.
To subscribe, send a blank email to: gdca-list-subscribe@rayservers.com

https://www.nanaimogold.com/ - World's first bitcoin exchange service
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