Liberty Reserve - Revision history

Sgornick: Past-tense, defunct. Remove from category Digital Currencies.

2013-07-13T00:12:40Z

Past-tense, defunct. Remove from category Digital Currencies.

← Older revision		Revision as of 00:12, 13 July 2013
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	'''Liberty Reserve''' ~~WAS AN ILLEGAL~~ private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica. As of May 27th, 2013 it is offline following the [http://www.bbc.co.uk/news/technology-22680297 arrest of its founder].		'''Liberty Reserve''' was a private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica. As of May 27th, 2013 it is offline following the [http://www.bbc.co.uk/news/technology-22680297 arrest of its founder].

	The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:		The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:
	:: <tt>1.7. Liberty Reserve (LR): means the digital currency in which the electronic transfer services are provided; '''backed by United States of America Dollars and Euros'''; hereinafter for all legal purposes referred to as LR. </tt> [emphasis added]		:: <tt>1.7. Liberty Reserve (LR): means the digital currency in which the electronic transfer services are provided; '''backed by United States of America Dollars and Euros'''; hereinafter for all legal purposes referred to as LR. </tt> [emphasis added]

	Liberty Reserve is a digital currency used frequently for adding funds to and withdrawing funds from [[:Category:Exchanges\|Bitcoin exchange markets]].		Liberty Reserve was a digital currency used frequently for adding funds to and withdrawing funds from [[:Category:Exchanges\|Bitcoin exchange markets]].

	~~==Fees==~~
	Transfers charged by Liberty Reserve are a flat 1% to the recipient of the funds. The fee is rounded up to the nearest penny, so the minimum fee is $0.01. The maximum fee is $2.99 so essentially fees are only charged on the first $300 of any transfer.

	If you are transferring LR from your account with a merchant, that merchant may charge a fee for that withdrawal, however that fee is withdrawn before the merchant sends the funds to your Liberty Reserve account.

	In some circumstances, if you will be transferring LR funds from one merchant to another, you might be able to skip treating your LR as a hub and just transfer funds directly from one merchant to the other. This will save on the fee that would have been charged on the second transaction<ref>Additional risks may be incurred when bypassing your own account for this type of transaction. For instance, if the destination claims to not have received funds you won't have any way to inquire on the transaction -- your LR account was not involved in the transaction.</ref>.

	~~==Chargebacks==~~
	~~Liberty Reserve allows no refunds and has no mechanism for performing a chargeback. The site has security protections to help lessen the likelihood of an unauthorized transaction occurring.~~

	~~==Criticism==~~

	~~Some are concerned that Liberty Reserve's alleged moves towards becoming a bank are likely to cause potential losses to some of its existing currency holders.~~

	~~A security issue involving the loss of customer's privacy (browser info exposed to Amazon and Google) was identified on April 26, 2011~~
	~~<ref>[http://permalink.gmane.org/gmane.comp.finance.gold-silver-crypto/22812 Liberty Reserve Integrity?]</ref>~~

	In August 2012, many accounts were locked by administration, official reason was mistake of automatic script. <ref>[http://blog.libertyreserve.com/2012/08/maintenance-update_22.html Liberty Reserve Blog]</ref> Most of account holders were requested to send scans of IDs and other documents, to verify their identify. Many users reported that after sending documents they were unlocked, although after that incindent LR administration continued to block "suspicious" accounts.<ref>[http://www.talkgold.com/forum/r366628-.html Talkgold forum]</ref>

	==See Also==		==See Also==

	* [[Payment methods]]		* [[Payment methods]]

	~~==External Links==~~
	* [http://www.libertyreserve.com LibertyReserve.com]

	==References==		==References==
	<references />		<references />

	~~[[Category:Digital currencies]]~~

Sgornick: /* See Also */ Remove exchanges as no longer LR.

2013-07-13T00:11:37Z

See Also: Remove exchanges as no longer LR.

← Older revision		Revision as of 00:11, 13 July 2013
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	* [[Payment methods]]		* [[Payment methods]]
	* [[WM-Center]]
	* [[Nanaimo Gold]]
	* [[AurumXChange Company]]
	* [[MtGox]]
	* [[Ecardone]]

	==External Links==		==External Links==

Anonymouse at 17:28, 22 June 2013

2013-06-22T17:28:44Z

← Older revision		Revision as of 17:28, 22 June 2013
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	'''Liberty Reserve''' ~~is a~~ private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica. As of May 27th, 2013 it is offline following the [http://www.bbc.co.uk/news/technology-22680297 arrest of its founder].		'''Liberty Reserve''' WAS AN ILLEGAL private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica. As of May 27th, 2013 it is offline following the [http://www.bbc.co.uk/news/technology-22680297 arrest of its founder].

	The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:		The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:

Eldentyrell at 11:45, 28 May 2013

2013-05-28T11:45:40Z

← Older revision		Revision as of 11:45, 28 May 2013
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	'''Liberty Reserve''' is a private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica.		'''Liberty Reserve''' is a private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica. As of May 27th, 2013 it is offline following the [http://www.bbc.co.uk/news/technology-22680297 arrest of its founder].

	The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:		The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:

Xhoud01: /* See Also */

2013-05-11T20:50:05Z

Sr.ganador: /* Criticism */

2012-11-11T00:34:12Z

Criticism

← Older revision		Revision as of 00:34, 11 November 2012
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	A security issue involving the loss of customer's privacy (browser info exposed to Amazon and Google) was identified on April 26, 2011		A security issue involving the loss of customer's privacy (browser info exposed to Amazon and Google) was identified on April 26, 2011
	<ref>[http://permalink.gmane.org/gmane.comp.finance.gold-silver-crypto/22812 Liberty Reserve Integrity?]</ref>		<ref>[http://permalink.gmane.org/gmane.comp.finance.gold-silver-crypto/22812 Liberty Reserve Integrity?]</ref>

			In August 2012, many accounts were locked by administration, official reason was mistake of automatic script. <ref>[http://blog.libertyreserve.com/2012/08/maintenance-update_22.html Liberty Reserve Blog]</ref> Most of account holders were requested to send scans of IDs and other documents, to verify their identify. Many users reported that after sending documents they were unlocked, although after that incindent LR administration continued to block "suspicious" accounts.<ref>[http://www.talkgold.com/forum/r366628-.html Talkgold forum]</ref>

	==See Also==		==See Also==

Sgornick: /* See Also */ Remove Bitcoin Market - defunct.

2012-08-20T10:14:08Z

See Also: Remove Bitcoin Market - defunct.

← Older revision		Revision as of 10:14, 20 August 2012
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	* [[AurumXChange Company]]		* [[AurumXChange Company]]
	* [[MtGox]]		* [[MtGox]]
	* [[Bitcoin Market]]

	==External Links==		==External Links==

Kieronbm: broken link deleted

2012-01-24T04:38:56Z

broken link deleted

← Older revision		Revision as of 04:38, 24 January 2012
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	==Criticism==		==Criticism==

	Some are concerned that Liberty Reserve's alleged moves towards becoming a bank are likely to cause potential losses to some of its existing currency holders.~~<ref>[http://www.bitcoin.org/smf/index.php?topic=3176.0 Using Liberty Reserve? READ THIS NOW!]</ref>~~		Some are concerned that Liberty Reserve's alleged moves towards becoming a bank are likely to cause potential losses to some of its existing currency holders.

	A security issue involving the loss of customer's privacy (browser info exposed to Amazon and Google) was identified on April 26, 2011		A security issue involving the loss of customer's privacy (browser info exposed to Amazon and Google) was identified on April 26, 2011

Sgornick: Fix link.

2011-07-21T23:12:57Z

Fix link.

← Older revision		Revision as of 23:12, 21 July 2011
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	* [[WM-Center]]		* [[WM-Center]]
	* [[Nanaimo Gold]]		* [[Nanaimo Gold]]
	* [[~~AurumXchange~~ Company]]		* [[AurumXChange Company]]
	* [[MtGox]]		* [[MtGox]]
	* [[Bitcoin Market]]		* [[Bitcoin Market]]

Ecurrency: /* See Also */

2011-07-04T09:12:09Z

← Older revision		Revision as of 20:50, 11 May 2013
Line 32:		Line 32:
	* [[AurumXChange Company]]		* [[AurumXChange Company]]
	* [[MtGox]]		* [[MtGox]]
			* [[Ecardone]]

	==External Links==		==External Links==

← Older revision		Revision as of 09:12, 4 July 2011
Line 26:		Line 26:

	* [[Payment methods]]		* [[Payment methods]]
	* [[WM-Center ~~Exchanger~~]]		* [[WM-Center]]
	* [[Nanaimo Gold]]		* [[Nanaimo Gold]]
	* [[AurumXchange Company]]		* [[AurumXchange Company]]