Roger Ver: Starting His Own Crypto Exchange?

[AdolfinWolf]

As for the website (https://local.bitcoin.com) it seems a half-hearted project to show people BCH is widely used when the reality is it is only a market place, hardly a real exchange.

I actually think it's a decent alternative to LocalBitcoins(due to KYC). Fortunately and unfortunately though(depending on which side you're on), I don't see local.bitcoin.com to be up and running without KYC/AML for long at all. If it gets big enough, it will receive the same government treatment that localbitcoins received.

Unless they don't adhere US/EU laws, in which case it should be interesting to see what happens (?)

I'm still waiting for a P2P platform that isn't hosted in the US/EU.

Both paxful and LBC are, and i really don't understand why. Wouldn't it be much smarter to incorporate in Seychelles/Vanuatu/Another offshore country? Less taxes, less regulation that you have to push upon your customers..

It's not like you need a bank account anyway, as all your "profits" are in BTC.
Perhaps i'm thinking wayy too simplistic about it.

[The Sceptical Chymist]

This dude is definitely doing everything to uplift BCH. While I personally don't like and don't hold BCH, his dedication is surely something.

Yeah, I'm not crazy about BCH either and I only have some BCH dust in a wallet.  It's definitely done better than I figured it would do when the fork happened, though it's certainly no BTC.

Roger Ver seems to me like a crazy man, but there's always a thin line between genius and insanity--I don't know where on that spectrum he falls, but listening to his words on a video I saw he seemed to be a bit delusional. 

I'm still waiting for a P2P platform that isn't hosted in the US/EU.

That'd be nice.  I wouldn't care where it's located.  US or Europe would be fine by me.  Something P2P would probably be much better than the shady exchanges already in existence.  It's so hard to trust any of them.

[JollyGood]

As for the website (https://local.bitcoin.com) it seems a half-hearted project to show people BCH is widely used when the reality is it is only a market place, hardly a real exchange.

I actually think it's a decent alternative to LocalBitcoins(due to KYC). Fortunately and unfortunately though(depending on which side you're on), I don't see local.bitcoin.com to be up and running without KYC/AML for long at all. If it gets big enough, it will receive the same government treatment that localbitcoins received.

Unless they don't adhere US/EU laws, in which case it should be interesting to see what happens (?)

I'm still waiting for a P2P platform that isn't hosted in the US/EU.

Both paxful and LBC are, and i really don't understand why. Wouldn't it be much smarter to incorporate in Seychelles/Vanuatu/Another offshore country? Less taxes, less regulation that you have to push upon your customers..

It's not like you need a bank account anyway, as all your "profits" are in BTC.
Perhaps i'm thinking wayy too simplistic about it.

I would agree with you that if a non-US/EU based company ran their service on a non-US/EU based server - what would happen? It would say that would be governed by the local jurisdiction they are based in (and where there server is located if it is in a secondary location).

The fact the taxation is tiny or non-existent in certain jurisdictions only adds to the need for such a service but we are still waiting to see who takes that first step in launching a credible website.

[Indamuck]

This became BCH's version of localbitcoins I believe.

This already exists: https://local.bitcoin.com/

I think this one is different. Basically, a crypto exchange, whereas the main trading pair is BCH/coin and not BTC/coin. Quite a bold move for something that I think has low demand and could end up having very very low liquidity. This dude is definitely doing everything to uplift BCH. While I personally don't like and don't hold BCH, his dedication is surely something.

Thank you for the post.

I see BCH as a failed attempt to dislodge Bitcoin. It failed badly.

As for the website (https://local.bitcoin.com) it seems a half-hearted project to show people BCH is widely used when the reality is it is only a market place, hardly a real exchange.

You still have to admit that BCH took at least some market share form bitcoin.  BCH is still top 5 and does billions in volume each day.  It has held up a lot better than most people predicted since many people said it would be dead by now.

[HostFat]

https://www.bitcoin.com

© 2019 Saint Bitts LLC
Bitcoin.com
All rights reserved.

https://messari.io/research/organization/saint-bitts-llc

[JollyGood]

https://www.bitcoin.com/

It shows: "The Bitcoin exchange you can trust"

It also shows: "Securely buy, sell, and build your cryptocurrency portfolio" and claims to be launching in 2 days

Looks like Ver is going all out to use the "bitcoin.com" domain to push out his exchange. Let us see what happens....

[Stedsm]

https://www.bitcoin.com/

It shows: "The Bitcoin CASH exchange you can trust"

--snip--

FTFY.
I believe he's trying to put some extra emphasis on Bitcoin Cash by showing everything related to BCH first and then Bitcoin. It looks like he made up his mind on trying to derail BTC fully and get BCH over and above anything that's been available out there to use BCH as primary crypto against BTC (I bet you'll see more xxx/BCH trade pairs instead or xxx/BTC ones on his exchange and I don't think this will get him better trade volumes against his opponents like Binance who are already ruling the industry). But anyways, he is just another Crack Sight Craig Wright for me. 

I wonder why Satoshi didn't buy this Bitcoin.com domain when registering Bitcoin.org? 

[BitHodler]

I wonder why Satoshi didn't buy this Bitcoin.com domain when registering Bitcoin.org? 

It think the main reason was that at that time it simply wasn't available for registration. If you look at the whois links I provided below, you'll see that the .com site has been registered 227 days before the .org site.

http://whois.domaintools.com/bitcoin.com

http://whois.domaintools.com/bitcoin.org

That being said, .org domains are generally better suited for non-profit organizations, which is kinda what the bitcoin.org site is. .com domains are usually more appealing, but in this case the .org site is known to be the original site.

[Oilacris]

https://www.bitcoin.com/

It shows: "The Bitcoin CASH exchange you can trust"

--snip--

FTFY.
I believe he's trying to put some extra emphasis on Bitcoin Cash by showing everything related to BCH first and then Bitcoin. It looks like he made up his mind on trying to derail BTC fully and get BCH over and above anything that's been available out there to use BCH as primary crypto against BTC (I bet you'll see more xxx/BCH trade pairs instead or xxx/BTC ones on his exchange and I don't think this will get him better trade volumes against his opponents like Binance who are already ruling the industry). But anyways, he is just another Crack Sight Craig Wright for me. 

Why would be so surprised? Since the beginning they already done foolish things just to derail the masses and trying for people to believe that BCH is the true Bitcoin.
So its not new if he would have much more BCH pairs on his own exchange but as expected this wont really just get any attention.Binance is so hard to compete.

[Smokey23]

Atleast the real Bitcoin got back the @bitcoin twitter handle recently.  It was a shame to see www.twitter.com/bitcoin spewing out bcash related garbage for the last few years.

Don't get goxxed! https://twitter.com/i/status/1167414413349011456

[coin-investor]

It states: "Will Ver’s Exchange Help to Reduce Dependence on Bitcoin (BTC)? For now, Ver has only mentioned the idea of launching his own cryptocurrency exchange briefly."

Report: https://www.newsbtc.com/2018/10/09/roger-ver-hints-at-launching-a-bitcoin-cash-centric-exchange/

It is probably too late for Ver to join the crypto exchange market after the rise of Binance and several others. If the report is true Ver will use Bitcoin Cash as the base currency but why bother, Bitcoin was always going to win the battle against Bitcoin Cash.




UPDATE: 31st August 2019

Here is what the bitcoin.com website shows: "The Bitcoin exchange you can trust"

I do not hold or even support Bitcoin cash, this coin is also profitable but I am supporting the community's cause of not supporting Bitcoin Cash and Roger Ver because of trying to manipulated and deceiving the community.

And I believe his exchange is not going to be competitive because Binance and other top exchange are going great and they might boycott his opwn version of Bitcoin.

[figmentofmyass]

And I believe his exchange is not going to be competitive because Binance and other top exchange are going great and they might boycott his opwn version of Bitcoin.

binance is segregating their user base, banning USA traders. so the liquidity on binance.com is about to take a huge dive. this is actually a great time for bitcoin.com and blockchain.com to launch their exchanges.

nobody is boycotting BCH.

I'm still waiting for a P2P platform that isn't hosted in the US/EU.

Both paxful and LBC are, and i really don't understand why. Wouldn't it be much smarter to incorporate in Seychelles/Vanuatu/Another offshore country? Less taxes, less regulation that you have to push upon your customers..

It's not like you need a bank account anyway, as all your "profits" are in BTC.
Perhaps i'm thinking wayy too simplistic about it.

sounds reasonable, but unless an exchange actively prohibits USA residents and takes effort to prevent them from using the service, the USA government will always take the position that they have jurisdiction over them. just look at what happened to BTC-E or 1broker, and now bitmex is being investigated too. any service that gets big enough will be in their sights.

and actively prohibiting USA residents means lots of liquidity providers and casual traders will avoid the exchange. a requirement to dodge terms and use VPN will be a deal breaker for many. catch-22.

[bittraffic]

Yep its going to be reasonable to use BCH as base of course its his coin. This is going to finally a fact slap to him when he finds out there will be no volume to the coin. And that his is the only person and his best friends Craig with hundreds of bots trying to keep the trading alive by himself while all those who mine are selling all the time.

[BitHodler]

And I believe his exchange is not going to be competitive because Binance and other top exchange are going great and they might boycott his opwn version of Bitcoin.

I don't think Binance will drop Bcash, especially not after the shit they went through for delisting BSV. Delisting another controversial fork will only make their case stronger because it is somewhat similar to censorship.

Another thing is that when you delist a coin from a liquid exchange such as Binance, it becomes much easier to control and pump. It's better for Binance to keep it listed so that Roger's scam pumps can be exposed nicely.

I have to say that the rebranding of bitcoin dot com looks shit. From a site resembling Bitcoinness to a site not resembling Bitcoin aside from its domain name. Great job Roger!

[gentlemand]

Some thoughts on his exchange here albeit from an avowed hater - https://twitter.com/WhalePanda/status/1169916913373327360

Weird volumes, BCH gaming in chart placement, high withdrawal fees. KYC is optional for now up to certain amounts.

I think I'll give it a pass.

[JollyGood]

https://www.bitcoin.com/

It shows: "The Bitcoin CASH exchange you can trust"

--snip--

FTFY.
I believe he's trying to put some extra emphasis on Bitcoin Cash by showing everything related to BCH first and then Bitcoin. It looks like he made up his mind on trying to derail BTC fully and get BCH over and above anything that's been available out there to use BCH as primary crypto against BTC (I bet you'll see more xxx/BCH trade pairs instead or xxx/BTC ones on his exchange and I don't think this will get him better trade volumes against his opponents like Binance who are already ruling the industry). But anyways, he is just another Crack Sight Craig Wright for me. 

I wonder why Satoshi didn't buy this Bitcoin.com domain when registering Bitcoin.org? 

Yes I also wondered why Satoshi did not register the "bitcoin.com" domain. And how did it get in the hands of Ver? If he did not register it it means he purchased it from the original owner.

As for Ver using BCH pairings of BTC pairings, it will probably do nohing to dent the popularity of Bitcoin and will probably not contribute anything to making BCH a viable alternative.

It seems clear BCH lost the battle. The BCH fork that was created by several people (after they threw a tantrum when they could not control the direction of Bitcoin) has failed to dislodge BTC.

[gentlemand]

Yes I also wondered why Satoshi did not register the "bitcoin.com" domain. And how did it get in the hands of Ver? If he did not register it it means he purchased it from the original owner.

As for Ver using BCH pairings of BTC pairings, it will probably do nohing to dent the popularity of Bitcoin and will probably not contribute anything to making BCH a viable alternative.

It seems clear BCH lost the battle. The BCH fork that was created by several people (after they threw a tantrum when they could not control the direction of Bitcoin) has failed to dislodge BTC.

If you buy the .com where does it end? The .org  is enough. The rest of the world can take care of the remainder.

If I remember rightly bitcoin.com was owned by Star Xu of okcoin or something and there was some wittering about legal stuff regarding its lease.

Considering how much he's put in Rog must own it properly now. Bch has indeed lost but it's still a sizeable alt. Maybe they should concentrate on that but we all know they won't.

[JeromeTash]

binance is segregating their user base, banning USA traders. so the liquidity on binance.com is about to take a huge dive. this is actually a great time for bitcoin.com and blockchain.com to launch their exchanges.

nobody is boycotting BCH.

You think the US chaps are the only people who have been trading on Binance?

You must think this is still 2009-2011

Banning USA traders and those from other countries was the best thing binance could do to play safe from the Legal point of view.

Do you have any idea how much the SEC and other bodies have been witch hunting Exchanges and other crypto related services that were serving even US residents? or you are just gullible and think that they just shut down their service all of a sudden because they just don't want US resident?

As for Bitcoin.com and their exchange... those are just the last kicks of a dying horse

[JollyGood]

Yes I also wondered why Satoshi did not register the "bitcoin.com" domain. And how did it get in the hands of Ver? If he did not register it it means he purchased it from the original owner.

As for Ver using BCH pairings of BTC pairings, it will probably do nohing to dent the popularity of Bitcoin and will probably not contribute anything to making BCH a viable alternative.

It seems clear BCH lost the battle. The BCH fork that was created by several people (after they threw a tantrum when they could not control the direction of Bitcoin) has failed to dislodge BTC.

If you buy the .com where does it end? The .org  is enough. The rest of the world can take care of the remainder.

If I remember rightly bitcoin.com was owned by Star Xu of okcoin or something and there was some wittering about legal stuff regarding its lease.

Considering how much he's put in Rog must own it properly now. Bch has indeed lost but it's still a sizeable alt. Maybe they should concentrate on that but we all know they won't.

I never knew the background of the bitcoin.com domain so thank you for the info

I have to agree, BCH is still a sizeable altcoin even though it never stood a chance when it tried to take on Bitcoin because of the perceived greed of Ver and Wu. And I also agree, instead of them concentrating on BCH as an altcoin they will still try to pass off BCH as the "real" Bitcoin but it is really not as everybody knows.

[figmentofmyass]

Some thoughts on his exchange here albeit from an avowed hater - https://twitter.com/WhalePanda/status/1169916913373327360

Weird volumes, BCH gaming in chart placement, high withdrawal fees. KYC is optional for now up to certain amounts.

I think I'll give it a pass.

this hadn't occurred to me. i guess roger might hold off on full KYC as long as possible given his political outlook. you can withdraw up to 5 BTC monthly without KYC---enough for me to add into the mix if liquidity is okay.

i hate to say it, but with binance forcing full KYC (including social security number!) on traders in the USA, bitcoin.com is looking slightly more attractive now. is USDT the only option to hedge fiat value though?