Hello, Mopar
Thank you for your thoughtful follow-up! I truly appreciate your concerns, and I'm here to clarify any confusion.
When we refer to "loaded" coins, we mean that customers fund their coins directly, granting them full control over their own funds through our service.
In terms of timing, customers fund their addresses prior to receiving the coins. We ensure that all shipments are handled securely and transparently, and we take appropriate measures to address any insurance-related concerns.
We will also be offering buyer-funded coins, which will give customers total control over their funding process.
While we recognize the appeal of DIY coins, our focus is on providing a streamlined experience for our customers, which includes key generation. At this time, we have no plans to offer DIY options. Our goal is to strike a balance between convenience and security, all while maintaining compliance with regulatory standards.
If you have any more questions or need further information, please don't hesitate to reach out!
it makes zero sense to fund a coin by the buyer prior to shipment - no level or "reassurance" or "insurance" justifies the load prior to shipment by the buyer.
And if they are paying you $200 for the coin then the load is on top of that? or the load comes from the 200 they pay you? are they doing split payments? one to your wallet and one to the coin?
Sounds like a slippery slope to get around the money transmitter issue.
Based on everything heard so far, I would seriously recommend against the purchasing of your coins between the $140 for a coin that is made from less than $10 in silver to the fact that you are not experienced in keymaking (shown by all the questions asking about how to make keys) and the point of wanting people to pay the load directly to the coin prior to shipping.
If you were a known artist with history or a known and trusted keymaker - perhaps, but you are neither while expecting everyone to pay prices and give their trust as if you were.
It should be earned not granted upon the first time you are selling something.