4 ms·

Haven't seen anything from MtGox so far, have you?

• xiphias2 6y ago
  I’m really sorry for you if you kept your money there. I alway keep it in my own wallet. How much did you lose?
  • tomw1808 6y ago
    That's alright, it were different times. No Ledger or Trezor at the time, no fancy browser plugins or great wallets. A lot changed. But still, 2021, most Credit Card companies will put an (more than) elevated risk score on transactions when done for crypto sales. I know this first hand, although I can't go into details, if you're a payment provider dealing with crypto companies - even with best-in-class KYC and AML checks - your rejection rate will be significantly higher than usual. What tells us that? Many times Crypto is used to scam people, because there is no SEPA network to get the money back.
    • xiphias2 6y ago
      What you write is because the best way to get money of a stolen credit card is to buy crypto and send it to your wallet before you're found out. KYC / AML may help, but as you wrote it can probably be scammed. But when I was buying product with cryptocurrency at a merchant, it always went well, while I have lots of problems with credit cards (often unable to use them). I travel a lot, and I find banks disabling my cards for random reasons, then they require me to go back to the country where my bank is (which I cannot do for health reasons). I have never had problem with using Bitcoin to buy hotels and plane tickets though, it's the only way of payment I can trust to work wherever I go.