1) It is required from Australian customers for most part as level of BPAY and Bank Frauds in Australia is way higher than any other market we operate in --
http://help.igot.com/customer/portal/articles/1731436I am from INDIA not from Australia, If you want to follow your australian rules you should stop doing business in India.2) Buy commission, deposit, withdrawal fee is 0%. Sell commission is 0.50% - which is clearly listed in BUY BITCOIN and SELL BITCOIN pages.
Liar, You haven't written anything on main page where you are advertising 0% fees. 3) The page is about how to withdraw money. The steps involved. Timeline is clearly listed there.
We can all pick on everything we want. But fact is, Fiat withdrawals are not automated. Someone manually sends it to you. That's how traditional banking works.
Trouble is, people think I clicked on that Withdraw button and I need to see cash in 2 hours. That's logistically not possible.
If an exchange needs further verification to protect itself from fraud, meet the AML obligations - it has to be done.
Owning a couple of Bitcoin and running an exchange is very different experience.
Individuals do not have to worry about a lot of things that we, as an exchange do.
igot is the buyer of your Bitcoin, when you sell to us.
igot is the seller of Bitcoin, when you buy from us.
In both cases, we most definitely need to make sure there is no fraud.
Furthermore, we need to make sure the money is not stolen from someone's bank account to fraudulently get Bitcoin and for that person to disappear.
We are responsible for frauds and we have to pay the money back to the banks in case of fraud, and lose the Bitcoin too - if we do not do everything we can to prevent fraud.
If you are not happy with igot's fraud prevention, we cannot serve you.
One thing we're not interested is being in the middle of some illegal operation.
So basically you are saying you fuckers are not running a live exchange, you idiots are buying and selling from customers money and using their funds to get profit.?
What kind of fraud you are talking about when you have already gotten kyc and bank details etc and even my bitcoins? How I am supposed to do fraud with you? You are the one who is doing fraud and illegal stuff behind your so called "exchange". I wouldn't mind doing a money laundering case against your company since you guys are using bitcoins to move money from here and there in a large amount.
