OK, so you have brought up a lot of points that I will try to answer. I'm still not convinced of your intentions.... mainly because you a) are an active Localbitcoins trader who doesn't like this competing service b) don't seem to understand how Bitcoin even works c) don't know how to write coherent sentences and d) get paid to post any random dribble due to selling your signature space. Anyway, here goes:
first of all, you coming here to announce something which suppose to be different but it's not.
Really? Show me a way to buy & sell bitcoin without logging into a website each time?
website for so called bitcoin purchase is crap. registration lead to nothing more than just email sent to your Gmail account that someone is interested in buying Bitcoins. and even once registered you cannot buy anything because you have to wait for your response first.
did I missed something?
Yes, you did. When you register you receive your unique reference code (or bitcoin address if selling) via an automated email. This is sent immediately and allows the user to purchase / sell BTC straight away.
nothing is automated as you stating. 1h for purchase of coins or get funds to account is joke.
As stated above, everything is automated. The 1hr time frame is an estimate based on potential delays in both the banking and bitcoin network systems.
more than one bank youn saying? why? do you afraid of something?
Not afraid, simply mitigating the risk. Bank accounts can be closed for a multitude of reasons and having more than one means that queued orders can be processed through a second channel if the worst comes to worst. We don't hold spare funds in the active account and would therefore be unaffected in the event of a closure.
volume is silly and I'm not sure what you trying achieve with this. maybe u counting that 100 people will buy that volume because is low and in case of bust they will not cry and shout.
We are not trying to provide a service for large orders. We are trying to help people who want to invest (or cash out) small sums on a regular basis, without the hassle of dealing with an exchange. If we go bust they wouldn't cry and shout - because we don't hold their funds, unlike an exchange.
5% fee is another joke. easily can pick up any amount btc for lower premium within shorter time.
Perhaps, but sometimes people don't mind paying an extra 1% or 2 for ease of use and peace of mind. If you don't like it, you don't have to use it.
your so called business is not registered anywhere, nor your site so please stop calling this a business. Your site is not even complaint with any rules which eu puts in place.
Show me which rules you are referring to.
You have no TOS no privacy policy not even about me page to show who you are and what u doing.
There are generic T&C's and PP in the footer. WHOIS is available for anyone that is inclined enough to check. I would rather trust a business based on reputation than fancy 'About Me' pages that prove absolutely nothing.
simple ssl which cost nothing is not in place.
It costs nothing, because it does nothing. The whole point of Bitcoin Magnet is that you don't need to give me any sensitive information like passwords etc.
u stating that transaction usually are quickly(1h).
really?
Yes, and if you don't believe it - give it a go. Considering that Bitcoin transactions are not intended to be instantly spendable by design, you can see why there would be no point in achieving "instant" conversion rates anyway.
my localbitcoins profile will tell you that my transactions are quick. Under 5 minutes of receiving funds. why you giving yourself an hour? and what's automated?
As you say, "within 5 minutes of receiving funds". This is how Bitcoin Magnet operates, but it's hard to judge how long it will take to receive funds and for a Bitcoin transaction to confirm, so we give a 1hr time frame. Everything that can be automated has been automated.
seriously this days you need something more than FB profile and silly website to assure about your legitimacy.
That's why I'm keen to get reviews and trust from the Bitcointalk forum members themselves. Similar to the way it sounds like you are operating on Localbitcoins.
so please take time and read my post and maybe try to tell me that im wrong in anything what I posted.
I believe I have answered your questions above and below.
can you actually prove you have Bitcoins for sale?
or you need to go first to Lbtc to pick some cheap coins and within an hour u deliver?
because that would make sense.
How exactly would you like me to prove I have bitcoins for sale?
you have funds, purchasing btc cheaply and than what's left as difference in price is yours. no risk for you.
huge risk for customer.
How did you calculate a "high risk" for my customers? You can try out Bitcoin Magnet for as little as £1 (with a 5p fee). Time should tell who is right.
what guarantee you giving that funds which lands on your account are safe and will not dissappear? in don't see info on your website about that.
Again, how can that be guaranteed? Limits and secondary accounts are in place to ensure that all orders can be processed successfully should our primary bank account become closed. The "disappearance of funds" is obviously not something anyone would want to be a part of. With any service of this nature you have to base your judgement on reviews and, just like Bitcoin itself, only invest with money you can afford to lose.
