Because the Liberty Reserve fee system is changing into increasingly common, customers marvel how the e-currency is purchased and offered. On this article, we’ll attempt to make clear this in order that the procedures of the Liberty Reserve alternate be as simple as potential.

To begin with, let’s briefly describe the fee system. Liberty Reserve is a fee system, or processor, based in 2003 and is underneath the jurisdiction of Costa Rica. The primary currencies of the fee system are U.S. greenback, euro and gold. What makes Liberty Reserve totally different from different fee processors is 100% funds irreversibility. Which means, after getting despatched the cash to anybody even by mistake, there will probably be no strategy to get it again.

Particularly because of this, one ought to be very cautious about selecting an alternate workplace for the LR-involving transactions. Alongside with the overwhelming recognition, Liberty Reserve needed to face the growing variety of fraud makes an attempt.

To keep away from disagreeable expertise whereas coping with LR, please learn some ideas we ready for you. Observe them, and your cash will stay secured.

1. Earlier than you ship Liberty Reserve to at least one or one other alternate workplace, please be sure it’s listed on the fee system’s web site as an official Liberty Reserve supplier (proceed to

2. Spare a minute to learn some evaluations on the Internet concerning the alternate workplace you’re about to make use of. In case you discover both no evaluations or plenty of detrimental ones, chorus from coping with the exchanger.

3. If a supplier gives unbelievably favorable alternate charges, it is perhaps a nasty signal as nicely. It’s apparent that alternate workplaces and commerce platforms are created to not act as a charity however to generate earnings. So, to be on the protected aspect, keep away from coping with those that gives you the e-currency for half the value. You may not be capable to get the cash again.

4. Be sure that the alternate workplace gives dependable real-time assist with the intention to contact them everytime you need assistance. Be at liberty to ask them a query earlier than sending them cash. If you’re not happy with the communication, don’t provoke any transactions. Poor customer support will value you a lot money and time.

5. When sending cash, take note of the word, or remark, you’re requested to connect. If the supplier calls for that you just specify “charity functions” or something related, don’t switch any cash! They’re certain to have fraudulent intentions!

6. When paying, please take note of the kind of the recipient’s account. If it begins with U, not X, conscious that the account proprietor has not been verified by the Liberty Reserve administration.

In case you observe these easy guidelines, you’ll at all times be protected in opposition to fraud. Nevertheless, if you wish to be completely assured from dangers and losses, use Magnetic Change on your Liberty Reserve transactions. It gives average, industry-average charges and is as dependable as a financial institution as a result of it’s developed by a crew of high-rated, extensively acknowledged professionals who’ve been specializing in e-currency alternate for greater than 3 years.

To provoke an alternate transaction, select the conversion sort on the entrance web page (e.g. LR EUR to PM USD). Then type a request by specifying the small print of the sender and the recipient. Subsequent, verify the request and pay. As quickly because the funds are transferred to the account of the alternate workplace, the service will, in a handbook or an computerized mode, replenish the recipient’s account. Similar to that!

We want you good expertise in coping with Liberty Reserve!