Powercoin.top Exchange Review Stay Away From This Exchanger. Scam!

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Contents

Powercoin.top Exchange Review: Stay Away From This Exchanger. Scam!

Simplex is scamming peoples. My 2700$ stuck there.. No one replies from there even

If you are going to do transaction below 500$ they will process but larger transaction. They won’t reply you even. See trustpilot.com reviews in last 24 hours. Soon they all be removed as well

I can share docs of purchase here even. Please be-aware guys ..

Simplex payment ID: 8b2342a2-4884-4c38-834c-8712be2e93d6
Simplex payment ID: db4f5df7-de09-4d78-87e6-d7633aa99ed2

For one transaction of 750$ i didn’t even received ID from them but money got deducted. They don’t reply at all

Re: Simplex.com is Scam Stay AWAY

They guys Don’t reply just mark tickets as closed see screenshot. Not even a single reply on any of the ticket created. But every hour i get this email

Has your issue been solved?
If not, please reply to this email and we will do our best to help you as soon as possible.

Simplex Support Team
image
For live updates image

it’s a auto mail after which ticket get closed automatically.

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

its a 101% scam and this platform “bitcoin.com” is hand in hand with Simplex.com in looting people of their hard earned money.

save your money from being looted away.

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never buy using services of bitcoin.com and simplex.com.

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

My name is Sarah and I am the Head of Customer Relations at Simplex.

I understand your frustration and will do my best to help you out.

First, I would like to assure you that Simplex is not a scam. We are a fully licensed financial institute in the EU, and take extreme measures to ensure the safety of all the transactions that are sent to us.

Kindly send me your transaction ID so I could take a closer look and handle the issue personally: [email protected]

Sincerely,
Sarah Kinney
Head of Customer Relations
Simplex

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

My name is Sarah and I am the Head of Customer Relations at Simplex.

I understand your frustration and will do my best to help you out.

First, I would like to assure you that Simplex is not a scam. We are a fully licensed financial institute in the EU, and take extreme measures to ensure the safety of all the transactions that are sent to us.

Kindly send me your transaction ID so I could take a closer look and handle the issue personally: [email protected]

Sincerely,
Sarah Kinney
Head of Customer Relations
Simplex

Thanks for your reply. I am another victim of SIMPLEX.com.

On 14th Dec, I purchased bitcoins from bitcoin.com. Until today, there is no sign of any bitcoins being delivered.

I have raised many support tickets but what I got was only automated replies from SIMPLEX support and false assurances.

If you can not deliver the bitcoins, please send me my money back.

My Simplex payment ID: 96035373-8297-4f8a-955a-6fbe99607a58

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

bitcoin.com and simplex are rippers i try to contact him i i not got any reply and money is also debited

Simplex payment ID: ef1309bc-baef-45fd-8f96-762bc430edd7

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Just Sent a email to sarah will update when i recieved reply .. In most cases they never reply.

They close tickets automatically every hour might be there are so called EU standards

Sorry if i am harsh but i am disheartened coz my money is stucked with you guys and on trust pilor all reviews deleted by you guys. now there are only good reviews no bad review .

If you guys are not scam why deleting all reviews from trustpilot. those peoples are just telling their problems there.

Check this twitter link and see how many other disheartend.

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

My name is Sarah and I am the Head of Customer Relations at Simplex.

I understand your frustration and will do my best to help you out.

First, I would like to assure you that Simplex is not a scam. We are a fully licensed financial institute in the EU, and take extreme measures to ensure the safety of all the transactions that are sent to us.

Kindly send me your transaction ID so I could take a closer look and handle the issue personally: [email protected]

Sincerely,
Sarah Kinney
Head of Customer Relations
Simplex

Didn’t got any reply from Sarah on email.

However, They released me bitcoin for one transaction of $1320 ..

Another one they said i will receive that in bank

I just added 220$ again to see what happen.. Let’s see network speed. It’s been hours approx. no bitcoin yet.

Simplex payment ID: f4e71b36-9ffc-489e-851b-3633da190515

Will update here..

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

I did a first purchase on bitcoin.com for $200 US as a test. I see it pending in my bank account under SIMPLEX_BITSTAMP .

However I got an email from simplex.com asking me for a scanned photo of my drivers license or passport?? This seems like a huge scam. Glad I didn’t through more money away, wish I had only bought $1 of bitcoin.

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

I did a first purchase on bitcoin.com for $200 US as a test. I see it pending in my bank account under SIMPLEX_BITSTAMP .

However I got an email from simplex.com asking me for a scanned photo of my drivers license or passport?? This seems like a huge scam. Glad I didn’t through more money away, wish I had only bought $1 of bitcoin.

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Re: Simplex.com is Scam Stay AWAY – NO Bitcoin’s they send on larger transactions

Simplex is not a scam service, and i am sure everyone here either got the bitcoins they had ordered or a full refund.

Simplex has been operating for a long time now, and i do not know of 1 solid scam claim against them. Some people do have to wait longer than others, and some need to send extra info and ID, but everyone get’s what they pay for from Simplex.

Powercoin.top Exchange Review: Stay Away From This Exchanger. Scam!

When i tried to login to csgo exchange, i was met with this message from Steam:

“The URL you are attempting to log in to has been blocked by our moderators and staff. This site may be engaged in phishing, scamming, spamming, or delivering malware.”

EDIT: I’ve contacted Steam support and requested/suggested that they add sticker damage % into the inspect screen in game. Probably won’t happen, but there’s no harm in asking.

EDIT: Everyone I’ve talked to about this is experiencing the same problem. It IS the official CSGO Exchange site and not one of the fakes. It’s still possible to log into the site by clicking the “continue anyway” option below the warning (the site itself is still up and running). However, JUST IN CASE they can take your Steam login name and password, you can either use an alternate Steam account without any valuables, or you can log in with your regular account and change your password as soon as you’re done checking whatever you needed to check. Since there aren’t any downloads or item deposit/trades, i think Steam ID/password is the only thing that’s potentially at risk. For those saying it’s 100% safe, go ahead, but i prefer to use one of the aforementioned counter measures just to be on the safe side. Completely disregarding a warning from Steam that they went out of their way to provide is a bit too dangerous IMO. There are some genius level hackers out there, IMO it’s possible for someone to replicate the Steam login page AND log into steam AND record your login name and password. Just because the page says they use some encrypted method for the login doesn’t mean it’s true! A genius hacker of that calibre won’t put in the time and effort for just any scam. but if they can succeed in the way I’ve described, it’s worth millions upon millions in profit. A hacker with a 160+ IQ could probably do things most of us can’t even imagine.

Luno Bitcoin exchange review

By: Steven Hay | Last updated: 11/12/19

Luno is a Bitcoin and Ethereum exchange aimed mainly at developing countries such as Nigeria, Indonesia, Zambia and Malaysia. In this post I’ll review the company, its services and some frequently asked questions about it.

Luno Review Summary

Luno is a cryptocurrency exchange aimed mainly at emerging markets. Luno offers Bitcoin services to countries such as Malaysia, Nigeria and Indonesia which are usually not allowed on most Bitcoin exchanges.

While Luno offers very competitive fees, its fee schedule is confusing and its important to check in advance how much you’ll pay.

If you want a detailed review of Luno keep on reading. Here’s what I’ll cover in this post:

1. Luno Overview

Established in 2020 originally as BitX and rebranded to Luno in 2020, Luno has offices in 3 cities around the world – London, Cape Town and Singapore.

The company serves over 2 million users from over 40 countries worldwide and has over 100 employees. The company is based in the UK and has raised over $13m from prominent investors such as Ventura Capital and Digital Currency Group.

2. Luno Services

Luno offers several services for its users including a cryptocurrency trading platform, a brokerage service, a Bitcoin wallet and an API for developers.

Your Luno account is controlled through a simple dashboard that gives you access to different sections such as the instant buy / sell service, account reports, settings, etc.

Luno’s trading platform

Luno offers a Bitcoin to fiat trading platform for its users. The platform supplies users with features such as advanced charting, API access for automated trading, various indicators and in depth reporting.

Luno’s trading volume at its trading platform is rather tiny, comparing to other trading platforms around. This is probably due to the fact that the site serves mainly visitors from developing markets.

The fee structure for the exchange is pretty competitive mainly for market makers.

Luno’s instant buy / sell (brokerage service)

Like many other exchanges out there, Luno offers a “simple” way to buy Bitcoin or Ethereum without the need to use to confusing trading platform.

Luno simplifies the buying process by selling you the coins directly and charging a premium fee for their services. How much of a fee? It’s hard to tell.

Fees vary between country and purchase amount so every transaction will end up having a different fee. That’s a bit of a downside in my opinion, and if you do end up using this service, make sure to double check the fees.

Luno mobile wallet

Luno offers a custodial Bitcoin wallet for iOS and Android that can be paired to your Luno account. This gives you greater flexibility to access your Luno account on the go, however it also means that you’re not in control over your Bitcoins.

The coins in your wallet are under Luno’s control and you can’t get access to the private key / seed of your Bitcoins if you needed to.

Luno for Business

A service allowing you to securely transact, trade and store cryptocurrency for your company. Is aimed at trading firms, miners, startups etc. that want to send or receive payments in crypto.
Trade cryptocurrencies on the Luno Exchange and execute automated strategies using the API

3. Luno Currencies and Payment Methods

Luno supports the buying and selling of the following cryptocurrencies:

Luno accepts the following fiat currencies:

  • Euro (EUR)
  • Indonesian Rupiah (IDR)
  • Malaysian Ringgit (MYR)
  • Nigerian Naira (NGN)
  • South African Rand (ZAR)
  • Zambian Kwacha (ZMW)

Luno accepts the following payment methods:

  • Debit / Credit card (EUR)
  • SEPA (EUR)
  • Bank transfer (IDR and NGN)
  • Interbank Giro / IBFT (MYR)
  • Card deposit (NGN)
  • Paystack (NGN)
  • GT Bank transfer (NGN)
  • EFT (ZAR)
  • Cash deposit penalty (ZAR)

Keep in mind that different payment methods have different fees incorporated within them, so make sure to double check before completing a deposit. 0

Interestingly enough, credit and debit card deposits are free of charge with Luno, whereas at most other exchanges you can be charged up to 5%.

4. Luno Fees

Luno has the following fees associated with its services:

  • Deposit fees (for certain payment methods)
  • Transaction fees (only for takers)
  • Withdrawal fees
  • Sending / Receiving fees from your Luno account to other Bitcoin addresses

Transactions are based on a taker maker fee schedule (you can read/watch a detailed explanation about that here). Makers don’t pay anything while takers can end up paying anywhere between 0.25%-1% depending on the currencies they are trading.

It’s important to note that if you use Luno’s ‘instant buy’ feature, fees will vary depending on your country and amount of purchase. Make sure to double check before completing the transaction so you don’t end up paying more than you intended.

Luno’s fee structure is very confusing, it can be viewed in detail here.

5. Luno Buying Limits

Luno has several account levels depending on the quality of your identity verification.

Deposit limits depend on your account verification level:

Level 0 (email verification) – can’t deposit / withdraw fiat at all

Level 1 (phone verification) – can deposit / withdraw up to 1000 Euros in total

Level 2 (ID verification) – can deposit / withdraw up to 5000 Euros per month

Level 3 (proof of residence) – can deposit / withdraw up to 100,000 Euros per month

If you’re using the ‘instant buy’ feature you also have limits on how much Bitcoin / fiat you can buy in each order you submit. For example – you are limited to spending up to 8,000 EUR per order.

6. Supported Countries

Luno is open to the following European countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom

It is also open for users from:

7. Customer Support and Reviews

Luno has a very basic knowledge centre available on their website. There’s also an option for dedicated email support if needed.

At the time of writing Luno is doing relatively poor from a customer review perspective, rated “Poor” on TrustPilot. Most complaints are about locked accounts or funds that haven’t arrived on time. Luno seems to be trying to respond to most of the critical reviews.

It’s important to remember that customer support is probably the weakest link at any cryptocurrency exchange. It’s not uncommon to see ratings such as these for the most successful exchanges like Coinbase or even Bitstamp.

8. Frequently Asked Questions

Is Luno a Bitcoin Wallet?

No. Luno, is a Bitcoin exchange that supplies custodial wallet services (i.e. you don’t own the private keys).

Is Luno Safe?

Luno is considered a safe exchange in general. Until today the exchange has never suffered any major hack. Additionally Luno has several features allowing you to safeguard your account such as:

2fa – Adding Two Factor Authentication (2fa) to your account will add an additional layer of security. Each time you will log in you will be requested to supply an additional code that will be sent to a 2fa app on your mobile phone.

Disabling “send” – Luno allows users to disable the “send” option from their account. This way if your account gets hacked, no funds can be sent from it. Once you enable the “send” option, 24 hours will need to pass until sending will be available.

Touch id – iOS users can add the touch id verification to their account as well.

Is my BVN Safe with Luno?

Yes. With your BVN, Luno will NOT be able to access your bank account or your financial information. Luno stores all your personal information, including your BVN in a secure, encrypted form.

The Bank Verification Number (BVN) was introduced by banks in Nigeria to help protect customers from identity theft and fraud. As a financial services provider, Luno requires that Nigerian customers provide their BVN when upgrading their Luno accounts to buy cryptocurrency.

The BVN will help Luno protect you from identity theft, improve service delivery speeds and help restore access to your Luno account in the event that you lose your login details.

How do You Use Luno?

  1. Sign up at Luno
  2. Verify your identity
  3. Deposit money to your Luno account
  4. Buy Bitcoin or Ethereum with your funds

9. Conclusion – Is Luno Trustworthy?

To sum things up, it seems Luno has found their niche in the emerging markets. The company is highly focused on the main cryptocurrencies in countries that are usually overlooked by most other exchanges.

The website is solid, supplying users with all of the basics for buying or trading cryptocurrencies. Putting the limited geo availability aside (as this is more of a feature than a downside), the only thing I’d look out for is the dynamic fee schedule.

Since each country and action you take on the site has different fees, it’s important to make sure you don’t end up overpaying because of a hidden fee.

Have you used Luno? I’d love to hear about your experience in the comment section below.

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