How to fulfill Liberty Reserve conversion quick and safely
As the Liberty Reserve payment method is turning out to be much more and much more well-liked, customers wonder how the e-currency is bought and sold. In this post, we will attempt to clarify this so that the procedures of the Liberty Reserve exchange be as simple as feasible.
To begin with, let's briefly describe the payment method. Liberty Reserve is a payment method, or processor, founded in 2003 and is below the jurisdiction of Costa Rica. The primary currencies of the payment method are U.S. dollar, euro and gold. What tends to make Liberty Reserve various from other payment processors is 100% payments irreversibility. That indicates, as soon as you have sent the cash to anybody even by mistake, there will be no way to get it back.
Particularly for this cause, 1 ought to be extremely cautious about selecting an exchange office for the LR-involving transactions. Alongside with the overpowering recognition, Liberty Reserve had to face the growing quantity of fraud attempts.
To steer clear of unpleasant encounter whilst dealing with LR, please read some suggestions we prepared for you. Follow them, and your cash will remain secured.
1. Before you send Liberty Reserve to 1 or another exchange office, please make sure it is listed on the payment system's website as an official Liberty Reserve dealer (proceed to libertyreserve.com/en/exchangers).
2. Spare a minute to read some reviews on the Web about the exchange office you are about to use. If you find either no reviews or a lot of negative ones, refrain from dealing with the exchanger.
3. If a dealer offers unbelievably favorable exchange rates, it might be a bad sign as well. It is obvious that exchange offices and trade platforms are created not to act as a charity but to generate profits. So, to be on the safe side, steer clear of dealing with those who offers you the e-currency for half the price. You might not be able to get the cash back.
4. Make sure the exchange office provides reliable real-time support so that you can contact them whenever you need help. Feel free to ask them a question before sending them cash. If you are not satisfied with the communication, don't initiate any transactions. Poor customer service will cost you much time and cash.
5. When sending cash, pay attention to the note, or comment, you are asked to attach. If the dealer demands that you specify "charity purposes" or anything similar, do not transfer any cash! They are sure to have fraudulent intentions!
6. When paying, please pay attention to the type of the recipient's account. If it begins with U, not X, aware that the account owner has not been verified by the Liberty Reserve administration.
If you follow these simple rules, you will always be protected against fraud. However, if you want to be absolutely guaranteed from risks and losses, use >Magnetic Exchange for your Liberty Reserve transactions. It offers moderate, industry-average fees and is as reliable as a bank because it is developed by a team of high-rated, widely acknowledged professionals who have been specializing in e-currency exchange for much more than 3 years.
To initiate an exchange transaction, choose the conversion type on the front page (e.g. LR EUR to Perfect Money ). Then form a request by specifying the details of the sender and the recipient. Next, confirm the request and pay. As soon as the funds are transferred to the account of the exchange office, the service will, in a manual or an automatic mode, replenish the recipient's account. Just like that!
We wish you good encounter in dealing with Liberty Reserve !
