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Author Topic: WM-Center.com and large transactions?  (Read 1715 times)
Jake
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May 25, 2012, 07:32:18 AM
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I was wondering if anybody has had any success with WM-Center.com and large transactions (as in 1000 BTC+).


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May 25, 2012, 08:28:30 AM
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I was wondering if anybody has had any success with WM-Center.com and large transactions (as in 1000 BTC+).

Why would anyone want to use an exchange with such terribly high fees?

Jake
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May 25, 2012, 01:43:35 PM
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I was wondering if anybody has had any success with WM-Center.com and large transactions (as in 1000 BTC+).

Why would anyone want to use an exchange with such terribly high fees?

From the looks of it, they seem to be the only exchange with high amounts of LR.

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May 25, 2012, 02:04:51 PM
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One thing I never understood ... why do people like LR?  High fees and limited acceptance.  What am I missing?
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May 25, 2012, 02:18:12 PM
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From the looks of it, they seem to be the only exchange with high amounts of LR.


AurumXchange.com has also large amounts of LR and is cheaper.

Example: get 1000 LRUSD:

WM-Center.com wire 1040 USD or 848 EUR
AurumXchange.com wire 1025.13 USD or 826.81 EUR

All calculations current, with their incoming wire fees.
Incoming wire fees at WM-Center are much higher (25$ vs. 10$, or 20 EUR vs. 7 EUR).

Anyway, is there any way to buy LRUSD without paying such high incoming wire fee? I can send wires much cheaper then they charge to receive them...

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May 25, 2012, 02:32:07 PM
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One thing I never understood ... why do people like LR?  High fees and limited acceptance.  What am I missing?

I find it extremely secure and you can get amazing LR > Other exchange rates. By amazing, I mean I've sold $700 LR for $1450.

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May 25, 2012, 02:38:39 PM
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I find it extremely secure and you can get amazing LR > Other exchange rates. By amazing, I mean I've sold $700 LR for $1450.

$1450 of what?

Cold hard real USD cash or some fake money?

Come on, nobody will pay twice as much real genuine USD for some LRUSD funds, which are hardly usable for anything. Except if its stolen money, and when its found out, they'll get you.

Happy laundering.

I find that Bitcoin is slightly cheaper for LR on BTCex.com for example, but the difference is marginal, and considering the fees to acquire LR, it eats up all profit, so there is no arbitrage opportunity.

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May 25, 2012, 03:51:27 PM
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I find it extremely secure and you can get amazing LR > Other exchange rates. By amazing, I mean I've sold $700 LR for $1450.

$1450 of what?

Cold hard real USD cash or some fake money?

Come on, nobody will pay twice as much real genuine USD for some LRUSD funds, which are hardly usable for anything. Except if its stolen money, and when its found out, they'll get you.

Happy laundering.

I find that Bitcoin is slightly cheaper for LR on BTCex.com for example, but the difference is marginal, and considering the fees to acquire LR, it eats up all profit, so there is no arbitrage opportunity.

PayPal. Also why would it be stolen funds?

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May 25, 2012, 03:54:08 PM
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I find it extremely secure and you can get amazing LR > Other exchange rates. By amazing, I mean I've sold $700 LR for $1450.

$1450 of what?

Cold hard real USD cash or some fake money?

Come on, nobody will pay twice as much real genuine USD for some LRUSD funds, which are hardly usable for anything. Except if its stolen money, and when its found out, they'll get you.

Happy laundering.

I find that Bitcoin is slightly cheaper for LR on BTCex.com for example, but the difference is marginal, and considering the fees to acquire LR, it eats up all profit, so there is no arbitrage opportunity.

PayPal. Also why would it be stolen funds?
Have you already turned that paypal into actual green money? Because until you do, you stand a chance of it disappearing.

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May 25, 2012, 04:10:17 PM
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I find it extremely secure and you can get amazing LR > Other exchange rates. By amazing, I mean I've sold $700 LR for $1450.
$1450 of what?
PayPal. Also why would it be stolen funds?

And you actually believe its anything else then stolen funds (Paypal accounts accessed through passwords sniffed with key-loggers)?

Poor you... prepare yourself for a huge returning of that money when Paypal reverses the transactions.

Its almost certainly sure its stolen funds and will be demanded by Paypal back. Just wait a 180 days. If they don't find the money in your Paypal account, they'll withdraw it from your attached credit/debit card or checking account, if no funds there, they'll sue you. If you did it on a larger scale probably expect a Fed's visit at home, or other police.

Think about it - if it were the true owners of the Paypal accounts they'd just withdraw to their bank account - for free - anyone who can walk to a bank branch with an ID can open one for free.

No honest person with their own Paypal funds would buy something as useless as LR with a 200% premium.

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May 25, 2012, 04:14:15 PM
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Lets think about this.

Someone has $1500 in Paypal money (accepted pretty much anywhere, and can be linked to Paypal debit card which is accepted anywhere VISA is) yet for some reason they are willing to take a loss of 50% to get some LR.

That didn't seem suspicious or weird to you?
Jake
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May 25, 2012, 04:21:13 PM
 #12

I find it extremely secure and you can get amazing LR > Other exchange rates. By amazing, I mean I've sold $700 LR for $1450.
$1450 of what?
PayPal. Also why would it be stolen funds?

And you actually believe its anything else then stolen funds (Paypal accounts accessed through passwords sniffed with key-loggers)?

Poor you... prepare yourself for a huge returning of that money when Paypal reverses the transactions.

Its almost certainly sure its stolen funds and will be demanded by Paypal back. Just wait a 180 days. If they don't find the money in your Paypal account, they'll withdraw it from your attached credit/debit card or checking account, if no funds there, they'll sue you. If you did it on a larger scale probably expect a Fed's visit at home, or other police.

Think about it - if it were the true owners of the Paypal accounts they'd just withdraw to their bank account - for free - anyone who can walk to a bank branch with an ID can open one for free.

No honest person with their own Paypal funds would buy something as useless as LR with a 200% premium.

Its been 210 days since I got it.

Jake
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May 25, 2012, 04:24:35 PM
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Lets think about this.

Someone has $1500 in Paypal money (accepted pretty much anywhere, and can be linked to Paypal debit card which is accepted anywhere VISA is) yet for some reason they are willing to take a loss of 50% to get some LR.

That didn't seem suspicious or weird to you?

Of course it did. Considering I know people who have done multiple transactions of that, I thought I'd take the risk of only $700.

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May 25, 2012, 06:42:40 PM
 #14

i have experience with wm-center.com. they have a very fast and reliable service. also aurum its good. i trade large amounts with them so no problem so far. i don't have anything to comment on the high rates better safe than sorry. try them with confidence

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May 25, 2012, 06:45:14 PM
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also jake i don't know how you exchange " By amazing, I mean I've sold $700 LR for $1450."
i have plenty LR in my account but i don't know where to exchange 700 LR to 1450 hehehehe if you know someone let me know i can do it for 1000  Grin

Jake
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May 25, 2012, 07:16:41 PM
 #16

also jake i don't know how you exchange " By amazing, I mean I've sold $700 LR for $1450."
i have plenty LR in my account but i don't know where to exchange 700 LR to 1450 hehehehe if you know someone let me know i can do it for 1000  Grin

Thanks for the feedback and I'll ask around.

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