Bitlocus.com crypto-to-fiat exchange [official thread]

[artbart]

Hello,
We’d like to invite you to join our new crypto-to-fiat exchange Bitlocus.com where we are now featuring:

• BTC/EUR and ETH/EUR markets. We will soon add a few ERC20 token pairs (Q3) as well as new coins and fiat currencies (Q3-Q4). Trading fees: 0.1%-0.2%.
• SEPA and SWIFT payments in EUR. Processed a few times a day.
• Automatic and continues identification process (available 24/7). Get your account ready to go in about 15 minutes.
• REST API for automated trading - https://api.bitlocus.com
• Special attention to customer service. We will be able to discuss most of the issues here on the forum, but user-specific issues like payments, identification, etc will only be solved via support tickets.
  
  

Sign up here

About company
"Bitlocus Ltd" is registered in the United Kingdom (registration number 11186273) and  Information Commissioner's Office (registration number ZA427953).
Company’s owners and management team have years of experience in financial and internet project development as well as in sales, e-commerce, and marketing.
We are mainly focused on providing secure and compliant service with huge attention to our customers’ support.

Risk warning
Trading of goods, real or virtual, which include virtual currencies (Cryptocurrencies), involves a significant level of risk. Prices can fluctuate on any given day. Because of such price fluctuations, you may gain or lose the value of your assets at any moment. Currency may be subject to large swings in value and may even become worthless. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

[Slow death]

About company
"Bitlocus Ltd" is registered in the United Kingdom (registration number 11186273) and  Information Commissioner's Office (registration number ZA427953).
Company’s owners and management team have years of experience in financial and internet project development as well as in sales, e-commerce, and marketing.
We are mainly focused on providing secure and compliant service with huge attention to our customers’ support.

that is all?

- Who is the owner of the exchange?

- Who are the team members?

- where is the exchange headquarters?

and about this: https://bitlocus.com/aml-policy

Establishment of the identity


Before any customer can access and benefit of Bitlocus services, identity of such customer has to be established.
For Bitlocus to be able to establish the identity of its customer, Bitlocus must obtain sufficient data/documents/information from a (perspective) customer and verify such data/documents/information against independent sources. Customers that in the opinion of Bitlocus pose higher risk may be investigated more thoroughly which may result in requesting of additional information and taking longer term for verification of the identity of such customer. Bitlocus retains a right to re-establish the identity of the customer in cases where Bitlocus Ltd sees it fit and in relation to that, request additional data/documents/information or renew previously submitted.
Customer’s identification information will be collected, stored, shared and protected strictly in accordance with Bitlocus Privacy Notice and related regulations.

But you're anonymous and are asking your customers not to be anonymous? Does that make sense?

[artbart]

But you're anonymous and are asking your customers not to be anonymous? Does that make sense?

Linkedin or a modest amount of googling would help you in this case. But for security reasons, we chose not to promote who we are (even though we do not try to hide as well).  However, based on your feedback (if this will be an issue for more users), we might have to reconsider this.

Also, based on the UK law (where the company is established), we must identify our clients in order to provide service (even if that would be crypto/crypto trading).

[countryfree]

...for security reasons, we chose not to promote who we are...

For security reasons, I'm choosing not to use an exchange which doesn't reveal its owner's names.
This is 2019, there are many exchanges competing, and I'm expecting a new entry to reveal its owners full ID with their pictures and bios.

[Slow death]

But you're anonymous and are asking your customers not to be anonymous? Does that make sense?

Linkedin or a modest amount of googling would help you in this case. But for security reasons, we chose not to promote who we are (even though we do not try to hide as well).  However, based on your feedback (if this will be an issue for more users), we might have to reconsider this.

Also, based on the UK law (where the company is established), we must identify our clients in order to provide service (even if that would be crypto/crypto trading).

if in my country that is very poor and very corrupt and has the most misguided laws of the world asks that companies register to be in compliance with the law, so where you registered your exchange also requested the documents of the owner of the exchange, so you have no reason to hide and have the courage to ask documents to your customers when you are anonymous. How do you think someone feels about handing in their passport to an Internet stranger?

[carlfebz2]

But you're anonymous and are asking your customers not to be anonymous? Does that make sense?

Linkedin or a modest amount of googling would help you in this case. But for security reasons, we chose not to promote who we are (even though we do not try to hide as well).  However, based on your feedback (if this will be an issue for more users), we might have to reconsider this.

Also, based on the UK law (where the company is established), we must identify our clients in order to provide service (even if that would be crypto/crypto trading).

if in my country that is very poor and very corrupt and has the most misguided laws of the world asks that companies register to be in compliance with the law, so where you registered your exchange also requested the documents of the owner of the exchange, so you have no reason to hide and have the courage to ask documents to your customers when you are anonymous. How do you think someone feels about handing in their passport to an Internet stranger?

No one does and im actually surprised that they didnt tend to disclose their identity.For what purpose on hiding themselves?On this way it doesnt built up trust on its earliest phase yet transparency does really matter on these kind of times.

[joniboini]

No one does and im actually surprised that they didnt tend to disclose their identity.For what purpose on hiding themselves?

https://www.linkedin.com/company/bitlocus

You can drop by their office and check whether they really exist or not, seems like they put a detailed address on their about page.

For security reasons, I'm choosing not to use an exchange which doesn't reveal its owner's names.
This is 2019, there are many exchanges competing, and I'm expecting a new entry to reveal its owners full ID with their pictures and bios.

https://www.linkedin.com/in/andrius-normantas-b0b41726/

Not sure if this is fake or not. Try to contact the company where he worked in the past.

[artbart]

Hello,
based on your feedback we have updated the "about us" page: https://bitlocus.com/about-us
Also, I'll provide the requested info here:

BITLOCUS Ltd.
Company code: 11186273
Registration address: 166 College Road, Harrow, Middlesex, HA1 1BH, United Kingdom.
Headquarters: Zalgirio 114, Vilnius, LT-09300, Lithuania.

Management
CEO: Andrius Normantas. Experienced in developing banking solutions (10 years). Over 4 years in crypto trading, arbitrage and investment. Andrius also runs crypto fund called Ginger fund which specializes in crypto investments, providing liquidity, etc.
https://www.linkedin.com/in/andrius-normantas-b0b41726/

CBDO: Arturas Bobinas (me). Experienced in managing web projects (8 years), marketing and sales (5 years). Joined crypto community back in 2017 and then soon started working as a business manager in one of the Lithuanian crypto-to-fiat exchanges (Bitmarket). More than a year ago, I have joined Andrius to develop Bitlocus.
https://www.linkedin.com/in/arturasbobinas/

I do understand your concerns regarding our identity and transparency. I hope we will be able to gain your trust in the near future. As of now - thank you for your feedback and opinion.

[artbart]

We are happy to announce that today we have launched our first ERC20/EUR market - LYM/EUR (Lympo)
You can get verified in less than 15 minutes and start trading now: https://app.bitlocus.com/exchange/lymeur

[artbart]

Finally, Bitlocus REFERRAL PROGRAM is live!
Earn instant 20% commission of your referred clients’ trading fees.
More info: https://app.bitlocus.com/referral-program

To join the program you must have a verified (Tier 2) Bitlocus account.

It only takes up to 15 minutes to get verified.
>>Sign up here<<

[artbart]

We are happy to announce the listing of Aidos Kuneen (ADK) on Bitlocus' ADK/EUR market.

Sign up and KYC in 15 minutes: click here
SEPA & SWIFT EUR payments.
Referral program. More info
Crypto-tolerant IBAN service.

[artbart]

Bitlocus is proud to announce the listing of SelfKey (KEY) on the first in the world KEY/EUR market! SelfKey is a fast-growing blockchain startup developing digital identity solutions.

Starting today, users can buy, sell, and store KEY on Bitlocus.com

Sign up here: https://app.bitlocus.com/register

[Slow death]

Is Google Maps not working well? per second google map, this address:

Headquarters: Zalgirio 114, Vilnius, LT-09300, Lithuania.

show this:



Source:
https://www.google.com/maps/place/%C5%BDalgirio+g.+114,+Vilnius+09300,+Litu%C3%A2nia/@54.7047365,25.2712827,3a,70.6y,199h,105.49t/data=!3m6!1e1!3m4!1sKw1AATgVYRbkG4GxKNyzrg!2e0!7i13312!8i6656!4m5!3m4!1s0x46dd91550d342963:0x77184dc4a77d19b5!8m2!3d54.704429!4d25.271066

Is this your headquarter? is a strange place to be the headquarters of an exchange

[davis196]

This is not the first case,when a new crypto exchange is pretending to be registered in UK or USA,but actually it's located in some country like Estonia or Lithuania.
If this really is the "official thread",then OP should move to the Announcements forum board.This forum board is for discussing established crypto exchanges.

[artbart]

Hello,
yes, headquarters is based in Zalgirio 114, Vilnius, Lithuania, while the company itself is registered in the UK.

[artbart]

Is this your headquarter? is a strange place to be the headquarters of an exchange

This is a cheap place for a young company to make its first steps. When lucky, we'll probably move flashy place but at this stage of business, we better invest the money saved on office space to marketing so that more people could know about Bitlocus.

[artbart]

This is not the first case,when a new crypto exchange is pretending to be registered in UK or USA,but actually it's located in some country like Estonia or Lithuania.

We are not pretending, we are stating. Bitlocus is UK-registered and ran from Lithuania.

This forum board is for discussing established crypto exchanges.

I have consulted forum moderators prior this thread, but thank you for the opinion.

[darklus123]

Hello,
yes, headquarters is based in Zalgirio 114, Vilnius, Lithuania, while the company itself is registered in the UK.

Hmm sounds legit tho, Companies that are registered in UK can run anywhere in the world. I also like that you have given the personal information and have listen to some advices here.

Partnership with self key which is a new active company sounds a pretty good idea tho, lets see how this would go as I am really not a fun of ICO's.

Other than that keep moving forward.

[artbart]

Other than that keep moving forward.

Thank you, darklus123. We will. Actually, a few new incentives are coming next week as well as 1-2 new markets.

[Slow death]

Hello,
yes, headquarters is based in Zalgirio 114, Vilnius, Lithuania, while the company itself is registered in the UK.

 

that means that in the UK you registered with address X and in lithuania you have address Z this is definitely not good

Is this your headquarter? is a strange place to be the headquarters of an exchange

This is a cheap place for a young company to make its first steps. When lucky, we'll probably move flashy place but at this stage of business, we better invest the money saved on office space to marketing so that more people could know about Bitlocus.

There is no proof that you have office inside this warehouse, can you show proof that you have office inside this warehouse?

Hmm sounds legit tho, Companies that are registered in UK can run anywhere in the world.

many hyip ponzi sites have registered in the uk and as you may know all ponzi sites are scam.