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Why are all the options left in the UK utterly unusable

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by COINS NEWS 86 Views

So, I'm trying to get xmr for a purchase. This time last year, I could just go on binance, buy it, send it off exchange and done.

Today?

Revolut->xlm, xlm->wallet, wallet->trocador (for the xmr) and... that moneys just fucking disappeared. Like, gone gone. Alfacash just took it and are refusing to honour the contract. To be fair to trocador support, they're actually trying to help now (think they thought I was just some crank earlier but now they know there's actually a problem), but alfacash are just hiding. With my money.

Fine, ffs, I think to myself. I'll try a different route.

Revolut->LTC, LTC->cake wallet and.... this is as far as this tx has gone. Hours and hours later and it's still pending. Hasn't come into my cake wallet yet.

Not to mention that revoluts fees are fucking DISGUSTING. They charge a flat £3 to move your funds out of your wallet, literally an exit tax. This is in addition to a flat fee on the exchange (as well as an additional percentage fee on it). I bought £35 each time and ended up with £29.

These companies are farcical in comparison to how good things were a year ago. And I know, I know ow, use kraken Pro, but I'm still waiting for the damn kyc to verify and I don't have the time for this shit.

But all this to say, politicians in this country talked about the UK being a "crypto hub", then proceeded to shit all over it and lock it down like fritzl.

----‐-------------------------------------

IMPORTANT EDIT: currently in talks with alfacash.

They are claiming that there was a "technical issue", however so far are refusing to honour the contract that they agreed to and are trying to pay me in terms of today's exchange rate.

I have told them repeatedly that this is unacceptable, scammer tier behaviour and that by this logic there is nothing to stop them claiming in future that there are "technical issues" to effectively short sell their users.

When I said that I would be posting screenshots of the conversation as proof that they are refusing to honour the contract they entered into, they accused me of blackmailing them.

I think I've finally got it through to them that this is not a good look for them, but we'll see how they handle it.

I'll update with their response, but otherwise just assume that they're dodgy as fuck and don't engage with them.


FINAL UPDATE ON ALFACASH

i'll write a full report on this in the next couple days with receipts, but fuck, man. This is just a horrendous look for them.

So, alfacash refused to honour the original exchange.

After hours upon hours of chasing them up, they agreed to "current rate" plus $20 compensation.

They don't see a flaw in this system (somehow?)

The flaw is very simple; compensation is NOT OBLIGATORY.

If they can enter into a contract and are not under an obligation to keep their end, what the fuck kinda contract is that?

Offering compensation (which you are not under an obligation to do) and refusing to honour the original contract is a great way to set the precedent that you don't honour contracts under these circumstances.

Then, one day, bitcoin moves more than $10k. You have "technical issues". These "technical issues" conveniently make you $100 million dollars, and you don't pay a cent in compensation (because its not an obligation).

Yeah, fuck these jokers. Real shady shit. Full writeup soon.

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