Re: WEX.nz

After going through the whole process of verifying my account, sending them signed transactions of wallets I control that received LTC, PPC and BTC from them along with much more proof they sent me this:

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Hi,

Unfortunately we haven't found any way to work with USA citizens yet. We will renew our news portals when this possibility appears
Best Regards,
WEX Support
Knowledge Base https://wex.kayako.com

Utter bullshit. I'm not even a US resident. I haven't lived in the US for 5 years. Bitfinex was fine with non-US residents using their exchange. Non-US residents are not bound to the same SEC or exchange laws as US residents.

They can just come up with some new reasons (after they have your money) on why they can keep your money.

If you read the reply carefully it says "USA citizens". Resident is not the same as citizen. I'm assuming you're a U.S. citizen. I've not heard of anyone (credible) who's not from USA not getting their money (until this last maintenance that is). I'm not sure what laws they apply here, although given how USA treated them, you can sort of understand the overreach. Hopefully it will work out in the end for you, though it's not looking good right now.

For anyone who'd like to speculate, there's a good opportunity to make profit now if you're willing to place your bets on wex to come through.

Example:
1. You have 1 BTC
2. You buy $8400 USDT on poloniex
3. You send $8400 USDT to wex
4. Current price at wex is $3000 BTC/USDT, so you can exchange $8400 to 2.8 BTC
5. Sell 2.8 BTC for WEXUSD (current price $9638), yielding you $26984!
6. You can increase the amount further by speculating that their USD token will reach 100% recovery. Current price is 0.554 which means you can turn 26984 into 48711.
7. From $8400 (1 BTC) to $48711. That's 5.8x.

You are just asking for negative rep.. aren't you ? Roll Eyes

Silly mole..

I'm not a BTC-E/WEX "mole". I'm saying if you're willing to "speculate". This would obviously be a highly risky trade, and not one that I would recommend; In case that wasn't clear from my original message. I've been considering doing it myself with some smaller sums, but so far abstained from the temptation.

Quote from: gentlemand on July 28, 2018, 12:01:29 AM

Quote from: TheKoziTwo on July 27, 2018, 04:23:05 PM

For anyone who'd like to speculate, there's a good opportunity to make profit now if you're willing to place your bets on wex to come through.

Are you not the person who bet tens of thousands of dollars on Gox not dying?

I can think of a million better risks I'd prefer to be taking myself.

Well, sort of. I bet a lot more than that. But it wasn't so much on it "not dying", rather it was on getting something back. I did not believe at the time that they had lost their entire 800k BTC. Well, it turned out worse than I expected, but they still have around 200k BTC left. So it wasn't all in vain. I think I'll be around break even to what I put in, whenever payment arrives.

It's perfectly fine to gamble/speculate on something like this. Take calculated risks. Sometimes you win, sometimes you don't. If you can't handle the risk, then simply don't do it.

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withdrawal is disabled , What is the benefit of 48711 usd ?
who know, if usdt will rise up 10 time ?
and we can not be sure that withdrawl of btc or usd will be opened some day

For anyone who'd like to speculate or adventure , yes you are right this is a good place for find a profit

Yes, you're right. The $48711 is completely useless unless WEX delivers. As I stated in my message. It's pure speculation with high risk. There's a connection between risk and reward remember.