TimJBenham



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Sr. MemberActivity: 280Merit: 250 Re: CoinJar - Australia's first VC-backed Bitcoin startup August 01, 2013, 10:22:30 AM #65 Quote from: Rodyland on August 01, 2013, 06:26:50 AM Quote from: TimJBenham on August 01, 2013, 06:04:53 AM Quote from: triib4l on July 25, 2013, 11:18:50 AM great service very good all aussies should jump on this service



Seems too good to be true. Unless they have a clever new way to do verification they will suffer the

Seems too good to be true. Unless they have a clever new way to do verification they will suffer the fate of Bitpiggy . Also they are exposed yet trying to play the regulatory gray area as to whether Bitcoin is a financial product or not.

Yeah, wonder how many reversed transactions they'll absorb before things change? Even bitinnovate, that only accepted over-the-counter cash deposits, closed their doors....

Yeah, wonder how many reversed transactions they'll absorb before things change? Even bitinnovate, that only accepted over-the-counter cash deposits, closed their doors....

They do have a progressive limit raising system where your limit goes up for each successful transaction, and a 7 day hold on the first transaction (which is limited to $100). This will help protect them from casual scamming.



The fact that they claim their product is taxed as a financial product but they're not registered to deal in financial products is another worry. Some people are bothered by the fact Mr. Zhou is a principal. I wasn't on the scene then but apparently he has a controversial history with his previous ventures. Another pink flag is the very low spread they charge. AFAIK it is far tighter than any competitor in the Australian market which makes you wonder, why? A grocer undercuts his competitor by 5c, not a dollar. Businesses with extraordinary prices often have non-business motives, such as scamming or money laundering. They do have a progressive limit raising system where your limit goes up for each successful transaction, and a 7 day hold on the first transaction (which is limited to $100). This will help protect them from casual scamming.The fact that they claim their product is taxed as a financial product but they're not registered to deal in financial products is another worry. Some people are bothered by the fact Mr. Zhou is a principal. I wasn't on the scene then but apparently he has a controversial history with his previous ventures. Another pink flag is the very low spread they charge. AFAIK it is far tighter than any competitor in the Australian market which makes you wonder, why? A grocer undercuts his competitor by 5c, not a dollar. Businesses with extraordinary prices often have non-business motives, such as scamming or money laundering. You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.

zhoutong

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VIPHero MemberActivity: 490Merit: 502 Re: CoinJar - Australia's first VC-backed Bitcoin startup August 15, 2013, 03:02:40 AM #69 Quote from: clicksmoney on August 14, 2013, 08:16:20 AM Can we get an update due to the stupid CBA news - would a Coinjar NAB to Commbank withdrawal not be advisable/safe?



Half considering quitting CBA if there's any chance they'll treat me the same (though my volume is 100x less that CoinJar's).



We really don't have further information at this point. Yesterday all of our directors received notice from CBA that our personal accounts will be closed, but today when I called back again they said that was just a "current decision" and investigation was still in progress.



All sell orders are still stalled because we can't access client funds. There's not a single cent available under CoinJar Pty Ltd as we do not keep company cash. (But our all our Bitcoin are safe and we are still accepting buy orders as normal.) We really don't have further information at this point. Yesterday all of our directors received notice from CBA that our personal accounts will be closed, but today when I called back again they said that was just a "current decision" and investigation was still in progress.All sell orders are still stalled because we can't access client funds. There's not a single cent available under CoinJar Pty Ltd as we do not keep company cash. (But our all our Bitcoin are safe and we are still accepting buy orders as normal.)



Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb Founder of NameTerrific ( https://www.nameterrific.com/ ). Co-founder of CoinJar ( https://coinjar.io/ Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb

Oldminer



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LegendaryActivity: 1022Merit: 1001 Re: CoinJar - Australia's first VC-backed Bitcoin startup August 21, 2013, 07:03:37 PM #72 Came across this service just googling..have registered an account & will buy some BTC today. 2% fee is nice. Site looks impressive too and I set up my account and 2-factor authentication in seconds. Good stuff for aussies If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639

Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX

zhoutong

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VIPHero MemberActivity: 490Merit: 502 Re: CoinJar - Australia's first VC-backed Bitcoin startup September 02, 2013, 01:20:13 PM #73 CoinJar Filler's transaction volume has officially exceeded US$1 million today. We have traded more than A$1,100,135 in the first 77 days of our operation, and our business is continuing to grow at exponential rates. I represent the CoinJar team to thank all our customers and friends for the wonderful support.



We are sharing our success with every CoinJar supporter. Redeem the voucher ONEMILLION before the end of September in CoinJar Filler to get a no-strings-attached A$1.00 credit for Bitcoin purchase. This offer is available for all current and new CoinJar Filler customers with a verified mobile number! Get free Bitcoin now at CoinJar Filler.



Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb Founder of NameTerrific ( https://www.nameterrific.com/ ). Co-founder of CoinJar ( https://coinjar.io/ Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb