How to fulfill Liberty Reserve conversion fast and safely
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As the Liberty Reserve payment system is becoming more and more popular, users wonder how the e-currency is bought and sold. In this article, we will try to clarify this so that the procedures of the Liberty Reserve exchange be as easy as possible.
To start with, let's briefly describe the payment system. Liberty Reserve is a payment system, or processor, founded in 2003 and is under the jurisdiction of Costa Rica. The main currencies of the payment system are U.S. dollar, euro and gold. What makes Liberty Reserve different from other payment processors is 100% payments irreversibility. That means, once you have sent the money to anyone even by mistake, there will be no way to get it back.
Especially for this reason, one should be very careful about choosing an exchange office for the LR-involving transactions. Alongside with the overwhelming popularity, Liberty Reserve had to face the increasing number of fraud attempts.
To keep away from unpleasant knowledge even though dealing with LR, please study some guidelines we ready for you. Stick to them, and your money will continue to be secured.
one. Ahead of you send Liberty Reserve to one or one more exchange office, please make confident it is listed on the payment system's internet site as an official Liberty Reserve dealer (proceed to libertyreserve.com/en/exchangers).
two. Spare a minute to study some testimonials on the Net about the exchange office you are about to use. If you uncover either no testimonials or a great deal of adverse ones, refrain from dealing with the exchanger.
three. If a dealer delivers unbelievably favorable exchange prices, it could be a undesirable sign as properly. It is evident that exchange offices and trade platforms are designed not to act as a charity but to produce revenue. So, to be on the safe and sound side, keep away from dealing with people who delivers you the e-currency for half the price tag. You could not be ready to get the money back.
four. Make confident the exchange office supplies reputable true-time help so that you can speak to them when you need to have support. Truly feel cost-free to request them a query ahead of sending them money. If you are not pleased with the communication, never initiate any transactions. Poor buyer services will expense you considerably time and money.
five. When sending money, shell out consideration to the note, or comment, you are asked to attach. If the dealer demands that you specify "charity purposes" or anything at all related, do not transfer any money! They are confident to have fraudulent intentions!
six. When paying out, please shell out consideration to the variety of the recipient's account. If it starts with U, not X, mindful that the account proprietor has not been verified by the Liberty Reserve administration.
If you stick to these basic guidelines, you will constantly be protected against fraud. Even so, if you want to be definitely assured from dangers and losses, use >Magnetic Exchange for your Liberty Reserve transactions. It delivers moderate, sector-regular costs and is as reputable as a financial institution due to the fact it is designed by a group of large-rated, broadly acknowledged pros who have been specializing in e-currency exchange for more than three years.
To initiate an exchange transaction, decide on the conversion variety on the front web page (e.g. LR EUR to Perfect Money ). Then kind a request by specifying the facts of the sender and the recipient. Up coming, verify the request and shell out. As quickly as the funds are transferred to the account of the exchange office, the services will, in a manual or an automated mode, replenish the recipient's account. Just like that!
We want you very good knowledge in dealing with Liberty Reserve !
