Post
Topic
Board Skandinavisk
Re: [ANN] Justcoin · Norges første Bitcoin-exchange
by
klausbl
on 25/09/2013, 11:41:41 UTC
I am happy to see Norway has got its first Bitcoin-Exchange with a real trading-engine, as direct user-to-user transactions like on localbitcoin are kinda    
predisposed to fraud.

The registration works well, and the website looks tidy and clean.
Although I would defnitly recommend a proper ID and adress verification like on Mt. Gox or Bitstamp, to prevent scam and money laundering.
Otherwise you can get into real problems like it happened to Bitcoin-24.
Thank you for your interest and kind words! We definitely don't want to wind up like Bitcoin-24 and are actively trying to comply with (mostly non-existent) regulation.

Our ID and address verification is different for Norwegian and foreign customers:
  • Norwegians are verified by depositing a NOK-amount of any size to their Justcoin account. This deposit must be transferred from an account registered with the same name and address as the user have registered with at Justcoin, in other words from their own account. We have chosen this method of verification because we don't want to collect more sensitive/personal documents than necessary. To obtain a verified Justcoin-account under false name or similar you would actually need to create or control a Norwegian bank account with false (or somebody else's) credentials. You can say that for our Norwegian customers we have forwarded the identification verification to the customers bank.
  • For non-Norwegians we use standard (proper?) ID and address verification which means we collect identification papers and a utility bill. We make sure all such documents are deleted after verifying the accounts as we don't want to store sensitive information.

Do I get it right, that you handle both, Euro and NOK deposits over a norwegian Bank Account?
Yes.  Smiley

The orderbook looks empty to me, is this a bug or just the status quo?
Although the orderbook is not overflowing, it is certainly not empty. Please send me a message through our support-system at Justcoin and i will take a look at this.