Directory:Liberty Reserve

Liberty Reserve, founded in 2002, was acquired in May 2006. It has provided its own digital currency payment system for customers, exchangers and merchants. Liberty Reserve's goal is to develop an easy and affordable payment option.

Liberty Reserve, as a Costa Rican corporation, allows its customers to transfer payments or receive payments worldwide. As Liberty Reserve does not have a direct contact with its customers, customers must buy or sell by contacting an accredited digital currency exchanger listing in the Liberty Reserve website.One customer advantage is to sell or buy instantly and privately without giving any financial information. Contents

Regulation

Liberty Reserve is backed up with USD dollars and EURO in Costa Rican government owned bank ruled by local law.

Security

By reading the term of policies, customers are warned that all payments are irrevocable, unlike bank payments. Liberty Reserve guarantee security to its customer by using the following features: a personal password, a login pin, a stop account feature and a welcome message.

Additionally, Liberty Reserve keeps warning its customers no to open any fake website or provide any personal information, due to the fraudulent sites and con artists. Moreover, customers are free to ask all their doubts in its chat live in case they find a strange email from an unknown source, asking for investing money or important details about customer's account. Taking into account that there are a lot of Auto-surf, High Yield Investment Program (HYIP) called Ponzi scheme which can steal customer money easily, all these transactions are made under customer's responsibility.

The official site

According to Goldexpay.com[1], “the only official source of information is Liberty Reserve blog”.

Reference

  1. ^ https://goldexpay.com/page/article/name/world