Post
Topic
Board Archival
Re: E-coin.io - "Service unavailable - Try again later" - how they will scam you
by
newbi462
on 05/11/2015, 10:46:41 UTC
I am not sure I would say SCAM

This is how using curacy exchange works. And your traction is to TRADE BTC for EUR. Most places offering this say it can take up to 48 hours to do the traction, particularly at peek times if any step is manual at all.

I have this happen all the time with an FX Broker I use BTC with. Between the time I do the transfer and receive the credit in both direction (in or out) the price of BTC changes. Some times it is against me and other times in my favor.

While you may feel scamed, you actually want it to work this way. Because if they do PRICE fix they eat the loss, or receive the gain. If they eat to many losses in the interest of customer service they go broke and fail. Where if they always give you SPOT at time of completed transaction all is sound.


As for "..already contacted one of my lawyers and his opinion is that its some weird type of financial scam." Is this "lawyer" experienced in BTC and conversion of curacy?